Viably Helps eCommerce Sellers Overcome Cash Flow Challenges

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!Timestamp0:00:06 | Introduction to the topic of cash flow challenges in e-commerce0:02:37 | Common cash flow challenges for e-commerce sellers0:06:14 | The impact of seasonality on cash flow and the need for accurate forecasting0:09:12 | How viably helped them overcome cash flow challenges 0:11:19 | Planning for unexpected events and diversifying revenue streams0:12:38 | Preparedness for unexpected events and cash flow challenges0:13:07 | Tracking and managing spend for better cash flow management0:15:58 | Knowing the calendar and strategically planning promotions0:16:25 | Looking ahead and understanding future capital needs0:17:48 | Cash flow management and responsibility to employees0:19:26 | Leveraging technology to better manage cash flow and finances0:21:48 | Viably as an all-in-one tool for tracking cash flow and forecasting0:25:42 | Tips for building a forecast0:30:09 | Potential problems and pitfalls in executing a forecast0:33:42 | Definition of good debt and its role in increasing cash and net worth0:36:33 | Personal and business finances are separate entities0:37:08 | Cash flow forecasting for e-commerce businesses0:38:34 | Taking on working capital to achieve growth0:39:17 | Progress is progress in scaling a businessConnect 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