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flareAI for Shopify : Should You Scale Or Grow Your Ecommerce Business?

flareAI for Shopify : Should You Scale Or Grow Your Ecommerce Business?

 

flareAI for Shopify : Should You Scale Or Grow Your Ecommerce Business? flareAI for Shopify : Should You Scale Or Grow Your Ecommerce Business?

Should You Scale Or Grow Your Ecommerce Business?

The Fast Answers Series for Mid-market & Small businesses.

Growth or Scale: What the heck is the difference?

Go to your Profit & Loss report: Quickbooks, Xero, or any app you use for Accounting

Whaaaat, did you say "Excel"? Man, you need eCommerce therapy :-)

Growth means increasing the top-line (ie Gross income. blue box)

Scale means increasing the bottom line (ie Net income or profits. green box)

Most successful eCommerce businesses focus on scaling the bottom-line (aka profits or net income)

Most VC-backed businesses (like SaaS startups) focus on growing the top-line (aka gross income or sales)

IMHO, Hey Shopify Merchant, you will do well focussing on increasing your profits

Scale!

Go to your accounting app's Profit-Loss Month-over-month report.

Are you scaling your profits?

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