Podcast
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Episode

Crucial Advice & Strategies for Selling an Eight-Figure Business With Nathan Hirsch of EcomBalance

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.
  • February 1, 2023
  • The eCommerce Wizards Podcast
Episode notes

In this episode

In the last episode, Guillaume spoke with Nathan Hirsch about how to scale a business from nothing to eight figures. Now they touch on the next step for many entrepreneurs: How do you successfully sell and exit your business?

There are countless pitfalls you need to be aware of when selling. Higher numbers are not always better, and many unsuspecting entrepreneurs have missed the proper way to exit. Since Nathan and his business partner successfully navigated their own deal, he wants to offer those same insights to you.

In this episode of the Ecommerce Wizards Podcast, Guillaume Le Tual interviews Nathan Hirsch, the Co-founder and CEO of EcomBalance, to detail how to successfully sell an eight-figure business. They talk about the success that led to exiting, how to maximize your company’s value, and strategies for negotiating the best possible deal. Stay tuned to hear all of the essential advice for yourself!

What you’ll learn

  • Why hiring a bookkeeper early on was the best decision Nathan Hirsch made for his business
  • The single key factor that maximizes company value
  • The importance of due diligence
  • Why to be wary of earn-out payments when selling your business

About Nathan Hirsch

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.

Resources mentioned in this episode

The Ecommerce Wizards Podcast is hosted by Guillaume Le Tual, CEO of MageMontreal. Watch more episodes on our YouTube channel.

The Ecommerce Wizards Podcast
Hosted by Guillaume Le Tual
CEO of MageMontreal. Candid conversations with founders, operators and specialists building modern ecommerce on Adobe Commerce, Magento, Shopify, BigCommerce and WooCommerce.
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