How To Use Your Monthly P&L & Income Statements To Improve and Scale Your Business with Nathan Hirsch

Episode 111On 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 SegmentLet’s get to know Nathan HirschThe story behind building FreeUp[05:57 - 15:38] Building His Own Service-based CompanyNathan 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 CompanyNewbie 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 StatementsThe 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 BookkeepingNathan 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 HirschResources 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!------------------------------------------------------------------------------------------Send us a voice message and let us know how we can help you fire the man! FacebookYouTubeInstagramEmail us --> [email protected] Support the show