Dave Bayless spoke with Justin Cooke, a founder of Empire Flippers, a business broker, about buying and selling online businesses, the evolution of e-commerce, and building a business that serves his goals.
Jen Nord (CPA and CMA) explains what “closing the books” means to the owner of a small business. With modern accounting systems, the process is less daunting than it sounds. In the end, closing the books is a discipline that helps ensure timely, accurate, and useful financial information.
P2Binvestor is an online lender that specializes in making asset-based loans to growing business-to-business sellers who can’t access bank credit. I first spoke with Krista Morgan, P2Bi’s co-founder and CEO, in May. Since then, Krista and her colleagues have launched a new partnership with community banks that may be indicative of a new era of choice for human scale businesses.
Julio Giannotti is the web manager for Interline’s three e-commerce channels, including Scandis.com. Although Interline is late to e-commerce, its online presence and traffic are well established. Consequently, Julio and his team needed solutions that could help them scale rapidly. They turned to the Shopify Flow platform and the new Shopify Plus e-commerce automation tools. By automating repetitive tasks, Julio and his team can focus on more important things like innovation.
With the introduction of Shopify Flow and the Wholesale Channel, Shopify Plus will help accelerate and transform business. By reducing the barriers to commercialization and learning faced by niche producers and specialty retailers, Shopify Plus will increase the incentive and opportunity for merchants to continue to sharpen their market focus.
The Association for Creative Industries (“AFCI”) is a non-profit trade group. It facilitates learning, discovery, and connections among a membership predominately comprised of niche producers, specialty retailers, and designers. I recently had the opportunity to speak with Mark Hill, the president of AFCI, about the challenges and opportunities faced by his industry after successive waves of competitive disruption.
After interminable effort, your sales have finally taken off. In fact, you’re grappling with the “high-class problems” associated with growth. You’re so busy fulfilling orders, you have little time to spend on social media or content development. (Forget about new products! )You’re lucky to get a little time with your family in the evenings after reconciling daily reports from your credit card payment processor. All this success is killing you. It’s time to hire…right? Before you hire your first employee, ask yourself a few questions. Then dig deeper into the root causes of your pain.
With Bonjoro, you can easily create and send personalized videos to your prospects and customers. Matt Barnett and his team built Bonjoro to help businesses differentiate themselves by building customer relationships at scale.
A budget can be used as an instrument of control. It’s better to use a budget to learn faster and perform better.
“The Mom Test” by veteran entrepreneur Rob Fitzpatrick is one of our favorite business books. Concise, clear writing describes actionable concepts that will instantly help you have better, more productive conversations with prospective customers about your business idea. Listen to our podcast conversation about why we love the book, and download our selection of key excerpts along with our annotations.