P is for Profit

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Summary

Building an eCommerc business can be complex, especially with all the fancy marketing strategies out there. But if you don’t have a solid basic foundation, you’ll never really realize the full potential of your business, says Bart Mroz of eCommerce consulting firm SUMO Heavy. What does Bart look at first when working with a business?

Show Notes

Building an eCommerce business can be complex, especially with all the fancy marketing strategies out there. But if you don’t have a solid basic foundation, you’ll never really realize the full potential of your business, says Bart Mroz of eCommerce consulting firm SUMO Heavy.
 
What does Bart look at first when working with a business? 
 
Things like shipping, payment systems, taxes and other factors that impact your profit margin, which he views as the most important metric to gauge your business success. Get that in order and even a small eCommerce company can compete with Amazon.
 
We talk about all the elements that impact your margins, as well as…
 
  • Why being efficient isn’t about “going fast”
  • How to take break your entire business down into systems – and keep it running
  • The power of continuous improvement
  • The only way to figure out what’s working – and what’s not – in your business
  • And more

What is P is for Profit?

Small business is crazy competitive and too often profits are razor-thin. However, some people are bringing home big, bankable profits. Adam Lean, small business veteran and founder of TheCFOProject.com interviews top small business experts to uncover the secrets to building a profit-focused company. Along the way, he'll break down all the complex finance stuff and make it simple and easy to understand so you can be a better business owner and own a more profitable business. Watch the on-demand video seminar: "Why Your Small Business Might Not Be as Profitable as it Should Be" at theCFOproject.com/video.