E250: Know Your NumbersMay 20, 2019 in Ecom-Crew-Podcast
Unless you took up a business degree (even if you did, it’s still not a guarantee), you probably learned how to run a business on your own, in the process of running said business. If you’re anything like me, you had no qualms about learning things as you go because doing ecommerce is fun.
However, there are many aspects of running a business that are NOT fun. Oftentimes these aspects are the most crucial ones and neglecting them can kill your business.
Case in point: accounting.
Today’s episode is best summarized by Dave’s favorite quote: “Revenues are vanity, profits are sanity.”
Thanks for listening to this episode! Until the next one, happy selling.
Michael started his first business when he was 18 and is a serial entrepreneur. He got his start in the online world way back in 2004 as an affiliate marketer. From there he grew as an SEO expert and has transitioned into ecommerce, running several sites that bring in a total of 7-figures of revenue each year.