Hitting growth targets consistently for 3 months straight and achieving a 76.57% profit margin
With SBO Financial’s support, eCommerce Growth hit its growth targets for three straight months. What’s even more impressive is they’ve hit their October 2021 target seven months earlier.
“Since our audit in December, we’ve hit our growth targets set out by Jason and Patrick for January and February and hit our projected target for this month in March that’s scheduled for October 2021. We also saw insane growth in January alone, with gross profit margins of 76.57%.”
For Brynley, it’s not just about growth and profitability, but what these results now enable her business to invest in, using the cash flow.
On target to hit seven figures per annum and paying off a commercial property loan
“We now have a monthly retainer base worth over $1M per annum. We’re on track to pay off our commercial property in full by December 2026, only taking six years to pay off the loan.”
Taking care of the team, saving for a rainy day, and making the ATO happy
Brynley was particularly proud to share that eCommerce Growth is now in a great position to pay their team members above industry standard and plan for pay increases as part of their budgeting.
“We’ve also set out in our budgets that the team is renumerated above the industry standard, and we have their pay increases already built out into our budgets for the next three years.”
She’s also got enough in the bank for any emergencies that may arise.
“We also have an emergency account to take us through to three months minimum in terms of expenses in the event of an emergency.”
Furthermore, eCommerce Growth is now all paid up to date with their ATO obligations, including BAS, PAYG, and superannuation.
Setting an example for female founders by paying herself a healthy salary and superannuation
“I’m paying myself now a healthy wage and $25,000 a year into my super. So it’s something, as a female founder, that I’m incredibly proud of.”