422 : Anna Hill - Managing Debt and Cost of goods while selling on Amazon takes intention

Our annual year end/new year restart episode where Anna helps us understand what "Best practices" she sees with her top clients. This business takes twists and turns and the very best are able to adapt as needed. Get your books in order so you are ready to take advantage of the market changes.

Mentioned:

Anna's previous episodes:

Anna's Group- Accounting we will go

Anna's Quickbooks for Amazon Sellers training course- Amazon Accounting Simplified (You get a recommended chart of accounts, 30 day money back guarantee and the example CPA deep-dive walk through)

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Transcript:

Anna:                                   00:00                    My recommendation is to go slowly and work with intention because if this is going to be a business that's healthy, there's no rush and it is so easy to get into this mentality of I must buy this deal. It's now or never, it's Q4, there'll never be another Q4 again. I need to go for it. The price, my tank, let me do this. And there's this false sense of urgency I think that takes over and it's almost like this panic feeling and try to remove emotion and is robotic about business decisions as possible. Don't fall in love with your inventory. Don't you know, fall for, I don't want to say fall for it, but don't be wooed by someone...