How To Use Your Monthly P&L & Income Statements To Improve and Scale Your Business with Nathan Hirsch
Firing The Man
English - February 08, 2022 10:00 - 42 minutes - 29.1 MB - ★★★★★ - 24 ratingsEntrepreneurship Business Education How To serial entrepreneur amazon fba walmart wfs e-commerce passive income online business life hacks productivity web traffic selling physical products Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Episode 111
On today’s show, we are joined by Nathan Hirsch. Nathan is an expert in remote hiring and eCommerce. He built and exited FreeeUp.com, a marketplace that connects businesses with pre-vetted virtual assistants, freelancers, and agencies in eCommerce. Nathan's most recent project is Ecombalance where his team focuses on eCommerce businesses selling on Amazon, Shopify, eBay, Etsy, and other marketplaces master their bookkeeping.
Tune in now to learn to grow your business by using your financial statements the right way!
[00:01 - 05:56] Opening Segment
Let’s get to know Nathan HirschThe story behind building FreeUp[05:57 - 15:38] Building His Own Service-based Company
Nathan talks about how this “rebellious act” led him to entrepreneurshipWe have an interesting exchange about vegetarian dietsThe customer pain point that pushed Nathan to get out of Amazon[15:39 - 21:04] Building Trust With Potential Buyers of Your Company
Newbie entrepreneurs should learn this thing about outsourcingHow to build trust with buyers if you want to sell your companyWant some Amazon refunds? Check out GetidaPromo code: FTM400[21:05 - 30:24] How to Look at Financial Statements
The right time to hire bookkeeping servicesThe right way to use financial statements according to NathanNathan gives a sneak peek at the services that EcomBalance offers[30:25 - 36:05] The Future of Bookkeeping
Nathan shares his outlook for the bookkeeping industryAre there any interesting trends in the e-commerce space right now?Is EcomBalance a good investment?[36:06 - 41:41] Closing Segment
Know more about Nathan in the Fire Round!Connect with Nathan! Links belowFinal words
Tweetable Quotes:
“One of the ways you build trust with someone buying your company is you understand your numbers and the numbers that you're telling them on those initial phone calls match up with the numbers that are actually on the documents.” - Nathan Hirsch
“You can't make business decisions just by looking at what's in your bank account and cash coming in. You have to actually see income statements, balance sheets, cash flows.” - Nathan Hirsch
Resources mentioned:
ThrasioChelsea CohenSoStockedBook: Tools of TitansEmail [email protected] to connect with Nathan or follow him on Facebook, Twitter, Instagram, and LinkedIn. Check out EcomBalance to master bookkeeping for your e-commerce business!
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