683: (Solo) The Expense Audit That Could Save Your Brand Thousands This Year
About this episode
Nathan Chan discusses the importance of conducting a thorough expense audit for e-commerce businesses to save money and improve profitability.
This is not a growth hack. It is not going to go viral on a Twitter thread. But I genuinely believe it is one of the highest leverage things you can do for your brand right now, and most founders never do it properly because it is not exciting. Here is what a mentor told me years ago that I keep coming back to: a dollar saved is a dollar earned. And depending on your margins, that dollar saved is probably worth $1.30 or $1.40 on the bottom line. In this episode, I walk you through a full line by line expense audit covering every major cost area in a typical e-commerce business, the same process we have run at Foundr that has saved us tens of thousands of dollars a month. Here's what you'll take away: Why the average growing Shopify store is paying for 15 to 30 apps but actively using only eight of them, and how to fix that fast How to negotiate your SaaS tools, 3PL rates, merchant fees, and supplier costs in ways most founders never think to try Why agency retainers are one of the most expensive line items you can cut, and what to build in-house instead How to use AI and Claude Code to replace tools and creative spend that is quietly draining your budget every month The Meta ads…
More episodes of The Foundr Podcast with Nathan Chan
- 685: (Solo) The $500,000 Lesson I Had to Learn the Hard Way
- 684: She Bet Her House Deposit on Hair Gel - and Built an 8-Figure Brand
- 682: From $2M in Debt to a $250M Gum Company | Pur Gum
- 681: Dr. Angela Spent $350K Building The Skincare Brand Her Daughters Needed — Now It Does $40K/Month
- 680: (Solo) The Thing Nobody Tells You About Building a Business Alone
- 679: The $20 Jar of Salt Behind Her 9-Figure Jewelry Brand
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