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Jenny Kelemen
@jkelemen
founder + ceo @ doodledazzles. sparkly marker mogul. former @google and @harvardhbs.
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Jan 13, 2023
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14 tweets
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3 min read
In 2021, my e-commerce business, DoodleDazzles, did $3.5M in revenue and I paid a whopping $0 in taxes.
Not because I'm evading the IRS, but because we failed to make a profit (yikes!)
In 2022, we hit $4M with healthy profit margins
Here are 6 lessons from the bounce back: Lesson 1 - Bad unit economics at scale will kill you
Know your unit economics cold and know when they’re shifting
Rising freight and facebook ad costs turned my nicely profitable business unprofitable fast and I didn't realize how bad it was until almost too late.