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The Million-Dollar Mistake You're Making Right Now! 🔥 Nathan Hirsch Reveals All
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In this episode of The Aaron Cordovez Show, we dive deep into the nuts and bolts of entrepreneurship with Nathan Hirsch. As the CEO of EcomBalance/AccountsBalance and Outsource School, Nathan has a wealth of experience and stories to share. With a background that includes co-founding FreeUp.net, which he scaled from a $5,000 investment to $12 million in annual revenue before its acquisition in 2019, his insights are not to be missed.
Key Points:
📚Bookkeeping Brilliance: Discover how Nathan nearly faced bankruptcy due to improper bookkeeping in his multi-million dollar Amazon business and why having precise monthly bookkeeping reports is paramount. Learn how immaculate bookkeeping played a crucial role in the successful sale of his company.
🔄Adaptation and Resilience: Hear Nathan’s intriguing journey of building an Amazon business through dropshipping before it was a buzzword, how he navigated the challenges and made the courageous decision to shift focus to FreeUp - a B2B venture that exceeded all expectations.
🧲 Hiring Strategy: Hiring can make or break your business. Learn from Nathan’s hiring wisdom as he discusses the nuances of hiring college students versus virtual assistants (VAs), and why building a solid network of VAs, freelancers, and experts is vital.
📈 Profit Margins: Nathan reveals his secrets to achieving an impressive 20-25% margin in e-commerce. Grasp the importance of tracking monthly and yearly margins and delve into the various aspects of your business that can influence these numbers.
🏷️ Inventory Management and More: Get insights into the challenges of liquidating old inventory, and imbibe the importance of trust and honesty in business transactions.
This episode is brimming with invaluable insights and actionable advice for anyone involved in e-commerce or looking to take their business to the next level. Nathan Hirsch has appeared on over 700 podcasts and his expertise in e-commerce, virtual assistants, and bookkeeping is unparalleled.
Don’t miss this episode to up your entrepreneurial game with the unsexy yet essential aspects of running a successful business.
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#ecommerce #entrepreneurship #bookkeeping #virtualassistants #businesssuccess
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