Cyndi Thomason of Talks All Things Profitability


Manage episode 181345360 series 173119
โดย Robyn Johnson และถูกค้นพบโดย Player FM และชุมชนของเรา -- ลิขสิทธิ์นี้เป็นของผู้เผยแพร่ ไม่ใช่ Player FM โดยมีการสตรีมเสียงโดยตรงจากเซิร์ฟเวอร์ผู้เผยแพร่ กดปุ่มติดตามเพื่อติดตามการอัพเดทใน Player FM หรือวาง URL ฟีดนี้ไปยังแอพพอดคาสท์อื่น

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:

Leave a review to enter for a chance to WIN!!???


If?you enjoyed today’s episode of?The Unstoppable Entrepreneur Show with Robyn Johnson?–?leave a review on iTunes and you could win a free one-hour consultation with Robyn!???


Follow?this link?to enter for a chance to win!?

203 ตอน