Viably Helps eCommerce Sellers Overcome Cash Flow Challenges

04/12/24 • 39 min

In this episode of "Not Another eComm Podcast," host Ian Kaneshiro is joined by Liz Beavers, a product marketing and partnerships manager at Viably, a digital banking solution for e-commerce businesses. They discuss the importance of understanding cash flow, managing expenses, and forecasting sales.
Liz shares tips for overcoming cash flow challenges and leveraging technology to better manage finances. They also touch on the concept of "good debt" and how it can be used to fuel business growth.
Tune in to learn how to thrive in the fast-paced world of e-commerce!
Timestamp
0:00:06 | Introduction to the topic of cash flow challenges in e-commerce
0:02:37 | Common cash flow challenges for e-commerce sellers
0:06:14 | The impact of seasonality on cash flow and the need for accurate forecasting
0:09:12 | How viably helped them overcome cash flow challenges
0:11:19 | Planning for unexpected events and diversifying revenue streams
0:12:38 | Preparedness for unexpected events and cash flow challenges
0:13:07 | Tracking and managing spend for better cash flow management
0:15:58 | Knowing the calendar and strategically planning promotions
0:16:25 | Looking ahead and understanding future capital needs
0:17:48 | Cash flow management and responsibility to employees
0:19:26 | Leveraging technology to better manage cash flow and finances
0:21:48 | Viably as an all-in-one tool for tracking cash flow and forecasting
0:25:42 | Tips for building a forecast
0:30:09 | Potential problems and pitfalls in executing a forecast
0:33:42 | Definition of good debt and its role in increasing cash and net worth
0:36:33 | Personal and business finances are separate entities
0:37:08 | Cash flow forecasting for e-commerce businesses
0:38:34 | Taking on working capital to achieve growth
0:39:17 | Progress is progress in scaling a business

Connect with our guests:
https://www.runviably.com/
Connect with our host:
Ian on LinkedIn: https://www.linkedin.com/in/iankaneshiro/
Ian on Instagram: https://www.instagram.com/iankaneshiro_
Stay connected with Seller Snap:
Website: https://www.sellersnap.io/
LinkedIn - https://www.linkedin.com/company/seller-snap-inc./
Instagram - https://www.instagram.com/sellersnap.io/
Facebook- https://www.facebook.com/sellersnap.io/
Full video episodes are always uploaded on YouTube.
Not Another eComm Podcast By Seller Snap- helping sellers optimize their Amazon store through smart algorithmic repricing.

Seller Snap offers all Amazon sellers a 15-day free trial - find out if we are the right repricer for you and your Amazon store. Visit https://bit.ly/NotAnothereCommPodcast

Seller Snap offers all Amazon sellers a 15-day free trial - find out if we are the right repricer for you and your Amazon store. Visit https://bit.ly/NotAnothereCommPodcast

Previous Episode

Crystal Lee of Nextdoor Resellers: A holistic approach to growing an Amazon business

In this episode of "Not Another eComm Podcast," host Ian Kaneshiro welcomes Crystal Li from Nextdoor Resellers to explore the concept of adopting a holistic approach to growing an Amazon business. The conversation delves into how Crystal combines her professional experience with a fulfilling lifestyle, leveraging her expertise to nurture a successful online business while maintaining personal well-being.
Crystal shares her personal journey as a digital nomad and Amazon seller, emphasizing the integration of mind, body, and emotions in achieving fulfillment.
Listeners will gain insights into overcoming challenges, focusing on profitability, and enjoying the journey of entrepreneurship!
Timestamp
0:00:06 | Introduction to a holistic approach to growing an Amazon business
0:04:11 | Crystal Li explains her view of a holistic approach in life and business
0:07:26 | Understanding your "Why"
0:09:15 | Building a community that empowers individuals
0:13:31 | The values of growth, mindset, and problem-solving in her team
0:14:18 | Imposter syndrome in business
0:14:46 | Importance of providing space for problem-solving and growth
0:15:32 | The mistake of fixing problems instead of empowering the team
0:16:22 | Lessons learned from working with virtual assistants
0:18:31 | The impact of a high school teacher's challenge on personal growth
0:20:25 | Gratitude for the health condition that led to starting a business
0:21:43 | Perception as a key factor in shaping personal growth and purpose
0:23:05 | Overcoming challenges in business with a changed perception
0:25:00 | Challenges and strategies for taking a holistic approach to business
0:26:36 | Focusing on profit over sales as the business grows
0:27:21 | Profitability is more important than sales
0:29:54 | Conclusion
Connect with our guests:
https://www.facebook.com/groups/nextdoorresellers
Connect with our host:
Ian on LinkedIn: https://www.linkedin.com/in/iankaneshiro/
Ian on Instagram: https://www.instagram.com/iankaneshiro_

Stay connected with Seller Snap:
Website: https://www.sellersnap.io/
LinkedIn - https://www.linkedin.com/company/seller-snap-inc./
Instagram - https://www.instagram.com/sellersnap.io/
Facebook- https://www.facebook.com/sellersnap.io/
Full video episodes are always uploaded on YouTube.
Not Another eComm Podcast By Seller Snap- helping sellers optimize their Amazon store through smart algorithmic repricing.

Seller Snap offers all Amazon sellers a 15-day free trial - find out if we are the right repricer for you and your Amazon store. Visit https://bit.ly/3UyoByZ

Next Episode

The Importance of Bookkeeping for Amazon Sellers

In this episode of "Not Another eComm Podcast," host Ian Kaneshiro welcomes Nathan Hirsch for an in-depth discussion on the importance of disciplined bookkeeping and financial administration for Amazon sellers and eCommerce entrepreneurs. The conversation sheds light on frequently overlooked financial intricacies that are pivotal for sustainable business growth.
Nathan delivers insights from his extensive eCommerce experience, emphasizing how meticulous financial strategies can prevent the common pitfall of disorganized administration, which often leads to overlooked opportunities and heightened stress come tax season.

Tune in to this episode as Nathan offers valuable takeaways for listeners striving to build their businesses on firm financial footings!

Timestamp
0:00:06 | Introduction to the importance of bookkeeping for Amazon sellers
0:01:11 | Nathan Hirsch's background and experience in e-commerce
0:06:31 | The decision to hire a bookkeeper from day one in their new ventures
0:09:31 | Cost and consequences of neglecting bookkeeping
0:10:21 | Starting bookkeeping early and the challenges of catching up later
0:11:02 | The qualities of a good bookkeeper for e-commerce businesses
0:11:40 | Issues with bookkeepers not understanding e-commerce
0:12:11 | Bookkeepers speaking the language of e-commerce sellers
0:13:05 | Simplifying the bookkeeping process for entrepreneurs
0:14:09 | Creating standard operating procedures for bookkeeping
0:16:27 | Setting up the right infrastructure for bookkeeping
0:17:48 | Regularly reviewing and optimizing bookkeeping processes
0:20:57 | Importance of bookkeeping for business health and goals
0:22:21 | Clean bookkeeping for selling a company
0:26:59 | Revenue vs. profit and the impact of Amazon fees
0:31:47 | Bookkeeping and accounting as the backbone of business
0:32:11 | Conclusion

Connect with our guests:
https://www.ecombalance.com
Connect with our host:
Ian on LinkedIn: https://www.linkedin.com/in/iankaneshiro/
Ian on Instagram: https://www.instagram.com/iankaneshiro_
Stay connected with Seller Snap:
Website: https://www.sellersnap.io/
LinkedIn - https://www.linkedin.com/company/seller-snap-inc./
Instagram - https://www.instagram.com/sellersnap.io/
Facebook- https://www.facebook.com/sellersnap.io/
Full video episodes are always uploaded on YouTube.
Not Another eComm Podcast By Seller Snap- helping sellers optimize their Amazon store through smart algorithmic repricing.

Seller Snap offers all Amazon sellers a 15-day free trial - find out if we are the right repricer for you and your Amazon store. Visit https://bit.ly/3UyoByZ