How To Use Your Monthly P&L & Income Statements To Improve and Scale Your Business with Nathan Hirsch
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
[05:57 - 15:38] Building His Own Service-based Company
[15:39 - 21:04] Building Trust With Potential Buyers of Your Company
[21:05 - 30:24] How to Look at Financial Statements
[30:25 - 36:05] The Future of Bookkeeping
[36:06 - 41:41] Closing Segment
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:
Email nathan@ecombalance.com 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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