Ecommerce Finance Podcast
Ecommerce Finance Podcast
Podcast Description
Hosted by Stephen Brown, COO of LedgerGurus and co-owner of DTC brand Sole Toscana, this podcast is your go-to resource for mastering the financial side of ecommerce.Stephen and his team have worked with hundreds of brands through LedgerGurus which specializes in ecommerce accounting. Add to that his hands-on experience with Sole Toscana, gives him unique insights into the challenges and opportunities ecommerce businesses face. On The eCommerce Finance Podcast, we dive deep into the financial side of ecommerce. Any topic is open for discussion as everything you do in business has a financial impact. Be prepared to go deep with experts and brand leaders on a variety of topics with an understanding of their financial impacts.Join us as we bring you practical tips, expert insights, and real-world strategies to help you thrive with ecommerce.Tune in and transform your ecommerce business today!
Podcast Insights
Content Themes
This podcast focuses on critical financial aspects of ecommerce, including budgeting, accounting practices, sales tax compliance, and social commerce strategies. Specific episodes cover topics such as the rising costs of selling on Amazon, changes in Shopify Plus sales tax, and the implications of TikTok Shop for brands, all tied to their financial impacts.
Hosted by Stephen Brown, COO of LedgerGurus and co-owner of DTC brand Sole Toscana, this podcast is your go-to resource for mastering the financial side of ecommerce.
Stephen and his team have worked with hundreds of brands through LedgerGurus which specializes in ecommerce accounting. Add to that his hands-on experience with Sole Toscana, gives him unique insights into the challenges and opportunities ecommerce businesses face.
On The eCommerce Finance Podcast, we dive deep into the financial side of ecommerce. Any topic is open for discussion as everything you do in business has a financial impact. Be prepared to go deep with experts and brand leaders on a variety of topics with an understanding of their financial impacts.
Join us as we bring you practical tips, expert insights, and real-world strategies to help you thrive with ecommerce.
Tune in and transform your ecommerce business today!
Summary
In this episode of the Ecommerce Finance Podcast, Stephen Brown interviews Alec Koenig, CEO of Settle, discussing the complexities of lending in the ecommerce space. They explore Alec’s background in lending, the challenges ecommerce businesses face, and how Settle aims to provide innovative solutions that combine lending with software tools.
The conversation delves into the importance of cash flow, the impact of tariffs, and the necessity of financial hygiene for businesses seeking financing. They also discuss the future of ecommerce and how technology, including AI, will shape the industry.
Takeaways
- Alec Koenig has a strong background in lending and ecommerce.
- Settle was founded to improve accounts payable experiences for ecommerce businesses.
- The shift to online shopping during COVID highlighted inventory challenges for merchants.
- Ecommerce businesses face high failure rates, making lending difficult.
- Understanding cash flow is crucial for ecommerce success.
- Businesses should seek financing before they actually need it.
- Accurate financial reporting is essential for securing loans.
- Marketing efficiency is a key predictor of business success.
- Settle combines lending with software solutions to help businesses manage cash flow.
- The future of ecommerce will see increased reliance on technology and AI.
Chapters
00:00 Introduction to Ecommerce Lending Challenges
02:28 Alec Koenig’s Journey and Settle’s Mission
04:56 Understanding Ecommerce Lending Dynamics
07:36 The Risk of Lending in Ecommerce
10:11 Innovative Underwriting Approaches
12:52 Navigating Tariffs and Supply Chain Issues
15:44 Experiencing Customer Pain Points
18:07 Cash Flow Challenges in Ecommerce
20:53 Preparing for Lending: Key Considerations
23:23 The Importance of Financial Preparedness
25:41 Understanding Contribution Margins
28:15 Navigating Marketing Efficiency in Ecommerce
31:00 The Role of Technology in Lending
33:38 The Future of Ecommerce and Business Evolution
Guest Info
Contact
- Alex Koenig – [email protected]
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Disclaimer
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