outsourceschool

Nathan Hirsch is the Co-founder of EcomBalance, a monthly bookkeeping service helping e-commerce businesses manage their bookkeeping and finances. Nathan began his entrepreneurial journey in 2009 by selling products on Amazon and is best known for his involvement in co-founding Freeeup in 2015. With an initial investment of $5,000, Nathan helped scale the business to $12 million in yearly revenue before selling it in 2019.

Nathan is also the Co-founder of AccountsBalance, EcomBalance’s partner company, and the Co-founder of Outsource School, where he teaches business owners proven hiring methods for finding top-tier virtual assistants.

In this episode…

Finances are the driving force behind any company and indicate operational strengths and weaknesses. Most e-commerce business owners are ill-equipped to read and decipher financial statements, yet they shoulder bookkeeping responsibilities. Taking ownership of financials without accounting knowledge is a risk most entrepreneurs can’t afford.

Although hiring a bookkeeper is an additional monthly payment, business owners are relieved from the stress of balancing accounts. Bookkeeping requires understanding accounting principles and allocating time to read and record accurate financial details. Most e-commerce executives can’t commit to recording expenditures amidst their leadership responsibilities. Nathan Hirsch testifies business owners who take financial responsibility are likely to spend more money fixing their mistakes than if they had hired a professional. He implores entrepreneurs to hire a bookkeeper, and, at the very least, review income statements, balance sheets, and cash flow monthly to recognize company trends. 

On this episode of the Up Arrow Podcast, William Harris welcomes Nathan Hirsch, Co-founder of EcomBalance, to discuss the pertinence of accurate bookkeeping for e-commerce businesses. Nathan shares common mistakes business owners make when balancing their books, how segmenting books can accelerate business growth, and the three financial reports owners must compare monthly. He also provides resources for hiring vetted CPAs and CFOs to transcribe budget data.

Nathan Hirsch is the Co-founder and CEO of EcomBalance and Outsource School. EcomBalance is a monthly bookkeeping service for e-commerce businesses selling across multiple channels. Outsource School teaches business owners effective hiring methods for hiring and retaining top-tier, offshore virtual assistants. In 2015, he co-founded FreeUp.net, scaling it to $12M in yearly revenue before exiting in 2019. Nathan has appeared on over 400 podcasts and is a social media personality.

In this episode…

Offshore outsourcing involves contracting individuals or service providers located in different geographical regions. In-demand business functions and industries such as IT services, software development, finance and accounting, customer support, and data entry have sparked a need for outsourcing virtual talent. Additionally, there are a multitude of benefits to using this type of service, including cost-effectiveness, scalability and flexibility, time zone advantages, and access to specialized skills.

As with any type of business, outsourcing comes with many challenges. Nathan Hirsch, a longtime entrepreneur, experienced years of hiring trial and error. The lessons he learned along the way led him to scale businesses beyond seven figures using only virtual assistants. Eager to share these methods as an online educational resource for other business owners led him to co-found the Outsource School.

In this episode of the eComm Breakthrough Podcast, Josh Hadley interviews Nathan Hirsch, Co-founder of EcomBalance and Outsource School, to discuss finance and business operating systems. Nathan shares the challenges of outsourcing talent, proven hiring methods for acquiring offshore talent, the benefits of using Outsource School, and business owners’ common bookkeeping mistakes.

Resources mentioned in this episode:

• Josh Hadley on LinkedIn
• eComm Breakthrough Consulting
• eComm Breakthrough Podcast
• Email Josh Hadley: Josh@eCommBreakthrough.com
• Hadley Designs
• Hadley Designs on Amazon
• Nathan Hirsch on LinkedIn
• EcomBalance

Special Mention(s):

• Kevin King 
• Roland Frasier on LinkedIn
• Michael E. Gerber on LinkedIn
• Chad Rubin on LinkedIn
• Mike Mayer on LinkedIn
• Profasee
• Start With Why: How Great Leaders Inspire Everyone to Take Action by Simon Sinek

Related Episode(s):

• “Kevin King’s Wicked-Smart Tips for Building an Audience of Raving Fans”
• “Seven Acquisition Strategies to Scale to Eight Figures and Beyond”
• “Chad Rubin’s Proven Strategies to Transform Your eCommerce Business With AI”

With over 13 years of experience as an entrepreneur, Nathan Hirsch is a knowledgeable ecommerce leader and a successful founder. He is the Co-founder and CEO of EcomBalance, which offers simple bookkeeping services for growing ecommerce brands. He co-founded and eventually sold FreeeUp, which provided online business owners a more reliable and faster way to hire talented workers online.

Nathan also co-founded Outsource School to help companies find virtual assistants. Most recently, he launched the sister company of EcomBalance, and AccountsBalance was born and provides bookkeeping services to agencies, SaaS, and online businesses. At the beginning of his career, Nathan got his start selling textbooks through Amazon, and he and his co-founder eventually scaled it to $5 million.

In this episode…

Every entrepreneur wants to know the keys to launching a successful ecommerce startup. What about the challenge of starting from scratch and working up to eight-figure revenue? This process is difficult but not impossible, and few know this better than Nathan Hirsch.

Starting in his college dorm room, Nathan quickly built his side hustle into a full-blown business. Since then, he has started and successfully operated several other companies using the same winning principles. One of his more recent ventures is Outsource School, having scaled the business from zero to eight figures of income. Now he explains the process he uses that makes his companies thrive.

On this episode of the Ecommerce Wizards Podcast, Guillaume Le Tual talks with Nathan Hirsch, the Co-founder of Outsource School, the Co-founder and CEO of EcomBalance, and the Co-founder of FreeeUp, about his advice and strategies for launching his businesses from the ground up. They talk about Nathan’s entrepreneurial background, the internal structures his teams used, and how they got the word out about their brand. They also take time to break down Outsource School’s approach to hiring and freelancing.

On the show this week is Nathan Hirsch, Nathan speaks about:

-High Intensity Workouts

-Growing an Amazon business in college to $25 Million in Revenue

-Improving his management style

-His newest venture: "Outsource School", which is an online education platform teaching entrepreneurs how to hire and scale their business with virtual assistants.

-His favorite book, place he's visited and way to give back!

Nathan Hirsch founded FreeUp, a marketplace for pre-vetted freelancers that provides online business owners with a faster and more reliable way to hire talent. Nathan sold FreeUp for over $10 Million and started Outsource School, an online training resource for scaling your business through outsourcing.

In this episode, Nathan shares the story of his wildly successful entrepreneurial journey. From selling over $25 Million worth of baby products on Amazon (while still in college) to turning one of his major overheads into a massive profit center in FreeUp, Nathan shares insights that can help you achieve crazy results for your business.