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#766 “I’m Scared to Raise the Price”

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Manage episode 431843916 series 2488221
Content provided by Dan Andrews; Ian Schoen. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dan Andrews; Ian Schoen or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Dan & Ian talk to a listener who’s running a $1M D2C e-commerce business about the challenges and opportunities he faces as he plans for future growth and a potential exit down the road.

They discuss topics like decreasing customer acquisition costs, increasing profit margins, the absolutely essential role of a CFO, and not letting your passion for the product get in the way of your growth.

At the end of the call, Dan & Ian will recommend key next steps this founder should take in order to scale their business effectively and aggressively.

TMBA email subscribers can submit their business to be reviewed with Dan & Ian on the pod.

Subscribe to the TMBA newsletter.

Connect with us:
Dan: @TropicalMBA or dan@tropicalmba.com
Ian: @AnythingIan or ian@tropicalmba.com

Chapters:

  • (00:00:27) Introduction and Business Overview
  • (00:02:18) Transitioning to D2C E-commerce
  • (00:05:59) Scaling and Future Plans
  • (00:13:11) Becoming a Software Company
  • (00:14:17) Challenges and Future Growth
  • (00:18:06) The Role of a CFO in Financial Management
  • (00:28:28) Developing an Expensive Product for Customers
  • (00:32:48) Improving Profit Margins and Considering Tax Implications

Useful links:
Connect with other entrepreneurs
Coaching for $250K+ founders
Community for 1M+ founders
Hire remote talent
Find a remote job
Listen on YouTube
Follow us on Instagram

Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Mike Michalowicz, Greg Crabtree, Jordan Gal

Additional episodes you might enjoy:

“3 Million in Revenue is a Death Zone" - Financial Strategy with Greg Crabtree

The Anti-Agency Agency + High ROI Customer Acquisition

The Secret Weapon to Pricing Power

  continue reading

768 episodes

Artwork
iconShare
 
Manage episode 431843916 series 2488221
Content provided by Dan Andrews; Ian Schoen. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dan Andrews; Ian Schoen or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Dan & Ian talk to a listener who’s running a $1M D2C e-commerce business about the challenges and opportunities he faces as he plans for future growth and a potential exit down the road.

They discuss topics like decreasing customer acquisition costs, increasing profit margins, the absolutely essential role of a CFO, and not letting your passion for the product get in the way of your growth.

At the end of the call, Dan & Ian will recommend key next steps this founder should take in order to scale their business effectively and aggressively.

TMBA email subscribers can submit their business to be reviewed with Dan & Ian on the pod.

Subscribe to the TMBA newsletter.

Connect with us:
Dan: @TropicalMBA or dan@tropicalmba.com
Ian: @AnythingIan or ian@tropicalmba.com

Chapters:

  • (00:00:27) Introduction and Business Overview
  • (00:02:18) Transitioning to D2C E-commerce
  • (00:05:59) Scaling and Future Plans
  • (00:13:11) Becoming a Software Company
  • (00:14:17) Challenges and Future Growth
  • (00:18:06) The Role of a CFO in Financial Management
  • (00:28:28) Developing an Expensive Product for Customers
  • (00:32:48) Improving Profit Margins and Considering Tax Implications

Useful links:
Connect with other entrepreneurs
Coaching for $250K+ founders
Community for 1M+ founders
Hire remote talent
Find a remote job
Listen on YouTube
Follow us on Instagram

Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Mike Michalowicz, Greg Crabtree, Jordan Gal

Additional episodes you might enjoy:

“3 Million in Revenue is a Death Zone" - Financial Strategy with Greg Crabtree

The Anti-Agency Agency + High ROI Customer Acquisition

The Secret Weapon to Pricing Power

  continue reading

768 episodes

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