Ep 222: How Knowing Your Numbers Can 10x Your Profits With Isaac Smith, Summit eCommerce Co.

What does it really take to scale? And does scaling always lead to more profit?In this episode, CEO/Founder of Summit eCommerce Co. and Profit First professional Isaac Smith explains the most important factors to consider before planning to scale. We dive deep into the many benefits of understanding your cash flow and how delegating work to a growing team can increase profits on a massive scale. Make sure you take notes from this episode!KEY TAKEAWAYS FROM THIS EPISODEMore revenue doesn’t always mean more profit.Before scaling, assess your business and the problems you’re currently having. 10x-ing your business is also 10x-ing your problems!Being able to delegate work is a powerful tool to increase profits and free up your time.The secret to scaling is strategic planning. Knowing your business and budget is the difference between reacting and planning/executing.Podcast: Next Level Podcasthttps://www.nextlevelecommerce.coRecommended  Podcast:Tropical MBA podcasthttps://www.tropicalmba.com/podcasts/TODAY’S GUESTIsaac Smith is the Founder and CEO of Summit eCommerce Co. He is also a Profit First Professional. They specialize in helping businesses plan their growth strategically using the ‘profit first’ principles.Connect and learn more about Isaac and his company here:Email: [email protected]: https://summitecommerce.coLinkedIn: https://www.linkedin.com/in/theisaacsmith/As a thank you for listening, we’re offering our podcast listeners a completely FREE eCommerce Growth Plan for your brand! In this plan, we’ll dissect what’s working and what isn’t with your current marketing efforts, and give you all the tips needed to see immediate results. To learn more, click here:https://mindfulmarketing.co/growthplan-applyOr if you’re ready to take the leap into Ecommerce Success, apply now to let us do the work for you, and get ready to see massive results!https://mindfulmarketing.co/applyThis episode’s sponsor is Finale Inventory- the ultimate solution for accurate and efficient inventory management. Trusted by thousands of brands, Finale offers seamless integrations with over 80 sales channels and platforms. With customizable workflows and reporting features, Finale empowers you to streamline operations and scale your business with ease, preventing overselling and maximizing profitability. Whether you're juggling multiple platforms, expanding your product range or just looking for a way to reduce operational chaos, Finale has the tools you need to succeed. Step into the future of e-commerce with Finale Inventory. Learn more here: Finale Inventory