The Right Way To Look At Your Shopify Business
Summary Background Assembled Brands (AB) is a $100m fund that lends money against the inventory of emerging consumer brands. Inventory financing was not available to brands in when Adam Pritzker and I began developing the business in 2016. To start the business we offered a gift. We reached out to hundreds of brands and offered to […]
The Weekly Accounting Story
Before starting Weekly Accounting, we built an inventory financing business called Assembled Brands, a $100m fund that lends money against the inventory of emerging consumer brands. To start the business, we found 150 different consumer brands. Then built an Integrated Financial Model for each of them plus gave them a consultation with an experienced CFO. From there we […]
Introducing the Contribution Engine
The current map of business – the income statement, the balance sheet and the cash flow statement – was first documented in 1494 by Luca Pacioli. We can’t know how quickly this method of accounting – the dual entry system – was adopted by businesses of the time. It must have been slow. The balance […]