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The Unstoppable Entrepreneur Show with Robyn Johnson | Selling on Amazon, Ebay, and More

Welcome to the Unstoppable Entrepreneur! Robyn Johnson started her ecommerce business with only $100 and in only 5 years built it in to a six-figure business. She brings her experience, tips and tricks straight to you in this value-packed, no nonsense, and actionable advice podcast. She is an expert in making a living selling on Amazon and Ebay. Robyn tells you everything you need to know, and how to accomplish it, in this podcast. If you want to have an e-commerce business and be successful on Amazon, eBay, Craigslist, and with your own website – this is the place to be. Welcome!
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Jun 19, 2017

Cyndi Thomason is a “profit first” financial strategist and accounting professional that enjoys helping entrepreneurs without a financial or accounting background learn what they need to know to truly “get a handle” on their finances.

She joins me today to share her knowledge and insight on why it’s important to use profit & loss statements and cash flow statements in your Amazon ecommerce business, the difference between the two, and how omitting one from your financial reviews can significantly impact the accuracy of your financial statements as well as scale and grow your business.

 

“The language of business is numbers. If you don’t have the data to know how you’re doing, you can’t improve it.” Cyndi Thomason

 

Today on the Unstoppable Entrepreneur Show:

  • The difference between a profit & loss statement and a cash flow statement
  • Why your profit & loss statements may not always match your cash flow statements
  • The various ways your business financials can be tracked, utilized, and documented
  • Why it’s important to form a habit of paying yourself as a business owner early in your entrepreneur career
  • How knowing your numbers can help you decide if you are ready to apply for a loan
  • Identifying when to hire a finance specialist
  • Identifying your vision for your Amazon business and planning your financial strategy to achieve your goal
  • Cutting unnecessary expenses

 

Tips on Evaluating Your Profitability:

  • Put your dues and subscription fees in one category. Evaluate this category quarterly – not yearly.
  • Separate your inventory bank account from your operating cash flow account.

 

Resources Mentioned:

 

Connect with Cyndi Thomason:

 

 

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