[Classic Rewind] Cyndi Thomason: Ecommerce, Inventory, and Financial Management

Net Profit Podcast- Accelerate Your Profits with Ryan Kimler

About Cyndi Thomason: Cyndi Thomason is a renowned figure in the fields of e-commerce financial advising, e-commerce accounting, and mom entrepreneurship. She founded bookskeep nine years ago when she realized the potential of remote bookkeeping, allowing her to balance her career with homeschooling her daughter, who needed special tutoring due to dyslexia. Inspired by Mike Michalowicz's "Profit First" approach, she restructured her business to focus on helping clients achieve financial success, and today, bookskeep has grown to serve approximately 150 e-commerce clients worldwide, all with the goal of helping them create businesses that support their desired lifestyles.

In this episode, Ryan and Cyndi Thomason discuss:

• The benefits of remote bookkeeping for business owners
• Unraveling the myths of business growth and embracing profitable strategies
• Managing inventory and growth in e-commerce businesses
• Challenges and strategies for sustainable growth

Key Takeaways:

• Find a specialized bookkeeping firm that operates remotely within your niche, allowing you to focus on your core business activities while experts handle the complexities of inventory management and financial responsibilities, ensuring peace of mind and efficient operations.
• Prioritize financial literacy over vanity metrics; surround yourself with knowledgeable advisors who understand your unique business needs, enabling you to maintain a debt-free, profitable venture and make strategic decisions for long-term success.
• Having a dedicated financial advisor, like Cindy, can provide invaluable guidance, especially in e-commerce, where managing inventory and financial flow is critical for sustainable business growth.
• The Profit First approach emphasizes the importance of separating and managing funds for inventory and future growth to maintain a healthy business.

"Remote work for accounting really just goes so well together, and there's nothing that we run into that poses any struggles." — Cyndi Thomason

Resources Mentioned:

Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz: https://www.amazon.com/Profit-First-Transform-Cash-Eating-Money-Making-ebook/dp/B01HCGYTH4

Connect with Cyndi Thomason:

Website: https://www.bookskeep.com/

Email: [e-mail]

Facebook: https://www.facebook.com/bookskeep

LinkedIn: https://www.linkedin.com/company/bookskeep and https://www.linkedin.com/in/cyndithomason

Schedule your free 1:1 Profit Breakthrough Session with Ryan here: https://go.oncehub.com/profit

Connect with Ryan Kimler:

Net Profit CFO Home Page: www.netprofitcfo.com

Email: [e-mail]

Facebook: www.facebook.com/rkimler

LinkedIn: www.linkedin.com/in/ryankfinancialclarityllc/

LinkedIn NPC Company: https://www.linkedin.com/company/netprofitcfo/

LinkedIn FC Company: https://www.linkedin.com/company/financial-clarity-llc/

Show notes by Podcastologist Andy Santiago

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.