Thursday Jun 20, 2024
What if understanding your financials may make or break your e-commerce success? Be a part of us as we chat with Jeff Lowenstein, a seasoned fractional CFO, and former aggregator M&A specialist, who reveals why understanding your numbers is the cornerstone of profitability in at the moment’s aggressive market. We discover how Amazon’s charges, which may eat as much as 65% of gross sales, make refined monetary planning an absolute necessity. Jeff shares his invaluable insights from company finance and e-commerce, emphasizing how correct financials can appeal to buyers and stave off enterprise failure.
We navigate the intricacies of forecasting and due diligence throughout acquisitions, relating our staff’s philosophy of sustaining a excessive shut charge as a strategic device. Jeff dives into the need of mixing quantitative metrics and qualitative insights, corresponding to market tendencies and unexpected variables like fluctuating rates of interest and rising platforms like TikTok Store. We analyze how detailed monetary modeling and sturdy market evaluation can energy enterprise valuation and development, underscoring the significance of adaptability in an ever-evolving panorama.
Lastly, we discover the numerous position of fractional CFO providers in e-commerce, highlighting how they differ from conventional accounting. Jeff explains how a fractional CFO can develop complete forecast fashions, KPI dashboards, and supply crucial monetary analyses that propel Amazon companies towards sustainability. We additionally talk about the elemental variations between accrual and money foundation accounting, why money stream administration is essential, and methods to boost your monetary well being. Do not miss out on these key takeaways that would remodel your strategy to monetary administration in your Amazon-selling journey!
In episode 400 of the AM/PM Podcast, Kevin and Jeff talk about:
- 00:00 – Significance of Realizing Your Numbers
- 03:21 – Company Finance to Fractional CFO
- 06:52 – Significance of Monetary Administration in Scaling
- 08:58 – Costing Errors Impacting Revenue Margins
- 15:34 – Forecasting and Finance in Due Diligence
- 17:40 – Fashions and Metrics in Aggregators & Enterprise Acquisition
- 19:44 – Monetary Profile and Aggregator Capital
- 25:28 – Understanding Fractional CFO Providers for E-Commerce
- 36:47 – Money Movement and Accrual Accounting Insights
- 39:09 – Navigating Revenue and Stock Administration
- 46:01 – Give attention to Revenue and Development Technique
- 49:09 – Navigating Monetary Dangers in E-Commerce
- 50:00 – Kevin King’s Phrases Of Knowledge
