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009 – Why you don’t run your business on revenue (and what you should run it on instead )
I used to have a friend who said: “You can’t eat margin!” It is true, margin isn’t everything. But is revenue you guidepost or is net profit what you are seeking? Goals matter. Featured Question: How often should I work on my books? Other Questions Answered: How long will it take me? Sponsors Viral Launch – Save $50 with this link (Use coupon code: Momentum) SPECIAL OFFER FOR MY LISTENERS ONLY TWO WEEKS FREE TRIAL!!!! Gaye’s Million Dollar Arbitrage List Solutions4ecommerce Scope from Sellerlabs Tactical Arbitrage – Get an 10 day free trial with code: “Tactical” Freeeup– Save 10% (forever) and get an instant $25.00 voucher for your first hire. GoDaddy Grasshopper Amazon Accounting Podcast: Before we get into the chart of accounts we want to mention our course: AMZACCOUNTING SIMPLIFIED WE CAN HELP YOU CREATE YOUR CUSTOM ACCOUNTING SYSTEM WITH QUICKBOOKS ONLINE AND MASTER YOUR AMAZON FINANCIALS You’re overwhelmed with accounting software options and are afraid you’ll pick one that might limit you down the road. You have no idea how to adjust your Amazon deposits for gross sales, refunds, and fees. You’re confused about the difference between inventory and cost of goods sold not to mention how to track them. You’ve invested so much time reading blog [...]
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I used to have a friend who said: “You can’t eat margin!” It is true, margin isn’t everything. But is revenue you guidepost or is net profit what you are seeking? Goals matter. Featured Question: How often should I work on my books? Other Questions Answered: How long will it take me? Sponsors Viral Launch – Save $50 with this link (Use coupon code: Momentum) SPECIAL OFFER FOR MY LISTENERS ONLY TWO WEEKS FREE TRIAL!!!! Gaye’s Million Dollar Arbitrage List Solutions4ecommerce Scope from Sellerlabs Tactical Arbitrage – Get an 10 day free trial with code: “Tactical” Freeeup– Save 10% (forever) and get an instant $25.00 voucher for your first hire. GoDaddy Grasshopper Amazon Accounting Podcast: Before we get into the chart of accounts we want to mention our course: AMZACCOUNTING SIMPLIFIED WE CAN HELP YOU CREATE YOUR CUSTOM ACCOUNTING SYSTEM WITH QUICKBOOKS ONLINE AND MASTER YOUR AMAZON FINANCIALS You’re overwhelmed with accounting software options and are afraid you’ll pick one that might limit you down the road. You have no idea how to adjust your Amazon deposits for gross sales, refunds, and fees. You’re confused about the difference between inventory and cost of goods sold not to mention how to track them. You’ve invested so much time reading blog [...]