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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

But the most important aspect of any business is accounting. All small business owners need to be familiar with basic accounting and bookkeeping, as it gives them a clear picture of the state of their finances, allows them to make informed business decisions, and lets them react to any adverse changes faster.

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How to Start an Amazon FBA Business: Keys to a Successful Online Store

Snyder

One of the main reasons to choose Amazon as a platform for your business is the unlimited profit potential: you can grow as much as you wish. On the other hand, breaking Amazon’s selling policies may lead to serious consequences, such as shutting your account down or Amazon’s withdrawal of your money, so you should always stay honest.

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E-commerce Business Plan: How to Create an Actionable Business Plan for Your E-commerce Business

Snyder

All information about the suppliers, production, shipping and fulfillment, facilities (if you decide to have a physical retail space), equipment, and inventory should be mentioned here. Do you have a good command of accounting basics ? Where do you record your business transactions? Is your cash flow positive or negative?