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How to Build a Profitable Ecommerce Business

Lesson 2: When can I Afford to Quit my Job and Run my Business Full-time?

How to Build a Profitable Ecommerce Business

Lesson 2: When can I Afford to Quit my Job and Run my Business Full-time?

Course content (10 lessons)

Module 1: A Simple Guide to your Profit and Loss Statement

Lesson 1: The Levers to Improve Your Sales 4:00

Lesson 2: How to Calculate Your Profit and Loss, and Why it Matters6:15

Lesson 3: The Difference Between Net Profit and Gross Profit 2:44

Lesson 4: How to Calculate Your Break-even Point 3:35

01 |Module 2: Cash Flow and Accounting Systems

Lesson 1: The Difference Between Profit and Cash Flow 4:41

Lesson 2: Cash vs. Accruals Accounting and Getting Setup with Accounting Software2:32

Lesson 3: What does an Accountant and Bookkeeper Do For My Business?3:10

02 |Module 3: Financial Management 101

Lesson 1: What Numbers Should I Be Looking at Regularly?1:50

Lesson 2: When can I Afford to Quit my Job and Run my Business Full-time?3:44

Conclusion and Next Steps1:20

Module 1: A Simple Guide to your Profit and Loss Statement

Lesson 1: The Levers to Improve Your Sales 4:00

Lesson 2: How to Calculate Your Profit and Loss, and Why it Matters6:15

Lesson 3: The Difference Between Net Profit and Gross Profit 2:44

Lesson 4: How to Calculate Your Break-even Point 3:35

01 |Module 2: Cash Flow and Accounting Systems

Lesson 1: The Difference Between Profit and Cash Flow 4:41

Lesson 2: Cash vs. Accruals Accounting and Getting Setup with Accounting Software2:32

Lesson 3: What does an Accountant and Bookkeeper Do For My Business?3:10

02 |Module 3: Financial Management 101

Lesson 1: What Numbers Should I Be Looking at Regularly?1:50

Lesson 2: When can I Afford to Quit my Job and Run my Business Full-time?3:44

Conclusion and Next Steps1:20

If you’re considering making the jump into your business full-time, or perhaps just considering giving yourself a raise, it’s important to crunch the numbers first to understand what sales your business needs to be doing to afford it.

In this module we help you calculate when can you afford to quit your job and make this business a full-time gig.

Tinker with your break-even analysis to help you understand when you can afford to pay yourself a salary from the business, or even give yourself a bit of a raise. Reflect on how many sales you need to achieve this and start setting some goals for yourself and the business.