The Financial Mistakes That Are Holding Your Business Back With Nathan Hirsch [Ep. 88]

<p><span style="font-weight: 400;">Successfully scaling your business is a great achievement, but as the size of your business grows, so does the importance of accurately tracking your financials. </span></p> <p><span style="font-weight: 400;">Having learned the problems caused by disorganized bookkeeping the hard way, Nathan Hirsch set about co-creating EcomBalance, a service designed to simplify the way eCommerce businesses conduct their bookkeeping. </span></p> <p><span style="font-weight: 400;">In this episode, Nathan sheds some light on the most important financial metrics to keep track of as an eCommerce seller as well as some of the biggest bookkeeping mistakes sellers make. According to Nathan,</span></p> <blockquote> <p><em><span style="font-weight: 400;">“If you want to be a successful entrepreneur, you can’t be in a position where your books are not caught up, you’re not receiving monthly reports, or you’re falling three months behind on your financials. You have to get that financial reporting system set up, and the time to do it is now, not when you’re going to sell your business.”</span></em></p> </blockquote> <p><span style="font-weight: 400;">We also dive into Nathan’s previous business FreeUp, a freelancer and virtual assistant sourcing platform. We discuss the challenges Nathan faced when scaling FreeUp, the secrets to hiring the right people for your business, and Nathan’s experience selling FreeUp for a whopping 8-figures. </span></p> <p><span style="font-weight: 400;">As an added bonus, Nathan is offering 2 free months of bookkeeping to our podcast listeners! Simply go to the EcomBalance website and mention Empire Flippers or The Opportunity podcast to take advantage of this generous offer. </span></p> <p><span style="font-weight: 400;">Listen in to this conversation if you want to learn how to master your financials to set your business up for future success.<br /></span></p> <h3>Topics Discussed in This Episode:</h3> <ul> <li><span style="font-weight: 400;">Nathan walks us through his entre