by Wayne Richard | 18 Jan, 2021 | Ecommerce
Reading Time: 5 minutesDid you know the average salary for an eCommerce entrepreneur is $101,464? Some entrepreneurs choose to pay themselves a lot more or a lot less, depending on their specific individual and business circumstances. However, regardless...
by Wayne Richard | 22 Dec, 2020 | Business Growth, Ecommerce
Reading Time: 4 minutesIn an earlier post, we talked about what a Virtual CFO does and how it can help you grow your eCommerce business. A vCFO can be a cost-effective way for a business to put the numbers to your goals and strategic plan without paying a...
by Wayne Richard | 11 Dec, 2020 | Ecommerce
Reading Time: 4 minutesHow do you calculate your eCommerce profit margins? What’s a good profit margin benchmark, and how do you improve it? Many eCommerce entrepreneurs obsess over top-line revenue when they should be obsessing over their profit margins.Revenue...
by Wayne Richard | 3 Dec, 2020 | Agencies, Bookkeeping/Finance, Business Growth, Ecommerce
Reading Time: 6 minutesConsidering working with a VCFO in your eCommerce business? Did you know the median salary for a full-time Chief Financial Officer (i.e. CFO) is $385,412 USD? That’s before any benefits, vacations, and/or equity. At that salary, most...
by Julija Televiciute | 2 Dec, 2020 | Ecommerce
Reading Time: 7 minutes2020 has been great for eCommerce. Shopify merchants broke records with $5.1+ billion in worldwide sales during Black Friday/Cyber Monday. But how do you keep the momentum once the holiday season advertising is over? What strategies can help to...
by Wayne Richard | 12 Nov, 2020 | Ecommerce
Reading Time: 4 minutesLearn 5 actionable financial planning strategies to prepare and thrive this holiday season Every year, the holiday shopping season has been getting longer. Will this trend continue in 2020?Some eCommerce experts think the holiday season is...
