eCommerce competition is heating up! Black Friday, Cyber Monday and Christmas are all around the corner. This means that the competition is running more ads, spending more and they’re running aggressive promotions. And customers have come to expect it. Unless you are selling something so unique that you have no competition, then the reality is…
My suspicions arose on the third consecutive day he visited the house. The overly friendly man. Pearly white teeth, charming smile. He comes bearing gifts. Gifts for my wife. She awaits this mysterious man every day, constantly checking her phone and emails for updates. She leaps with excitement as he pulls his van into the…
I am probably the least fashionable person you’ll see at the gym. My workout attire is what most people regard as ‘home clothes’. You wouldn’t know if I was off to do a tip-run or 30mins on the treadmill. I never really understood why people bought clothes specifically for the gym. I mean, you’re going…
Which platform do we choose when selling to customers? What are our digital marketing channels? Do we engage in 3PL or in-house fulfilment? Our ebook is a guide to help you understand the fundamentals of ecommerce accounting.
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So many CEOs like to romanticise business as being like family. They try to instil a culture of unity and closeness, building a bubble of safety and unconditional love. They treat the business just like an extension of their real family. They think of their business as their baby. This analogy is just plain wrong.…
What’s the difference between an Entrepreneur and a Freelancer/Solopreneur? Many business owners label themselves “entrepreneurs”. Watch this video to understand if you’re acting like one. Transcript of the video below. https://sbo.financial/wp-content/uploads/2022/05/SBO-Are-you-a-freelancer-or-an-entrepreneur.mp4 Are you a Freelancer or an Entrepreneur? That’s the first question I ask many of the founders I meet for the first time. I…
It’s the end of the month. You’ve just paid payroll and the monthly rent. You look at your depleted bank account and realise you don’t have enough cash to pay the deposit for your next order of stock. It makes no sense. Despite a healthy month of sales, you don’t have any cash in the…
“My accountant doesn’t get my business” – something that we hear all the time from the entrepreneurs we work with. If you throw out terms like CLV, MRR, CAC and Churn to accountants, most of them will be left scratching their heads wondering if you are speaking finance, English or PHP. Professional service providers are…
As another financial year comes to close I make a habit of reflecting on the year that was. This is from the lens of personal development and company milestones -what we achieved, what we failed at, what we can do better. We don’t normally share these publicly. Not because they’re not valuable – but because…