Cashflow and skilled resources are critical as a business grows. Your business can’t grow if the CEO is wearing all the hats. Kristy Yoder, Founder and CEO of SMART VA, as a successful female business owner, share with Karen lessons learned from her journey of building a virtual assistant and interim execs outsourcing business that helps small businesses manage their resources, hiring, cash flow, and scaling their businesses. In this lively conversation, Karen and Kristy talk about how the importance of identifying your niche and focus, assessing your goals and skills so you can build a strong team, and the challenges she helps her clients overcome.
Key Take Aways are:
1. Building a Strong Team is crucial for any business’s success. You will learn key factors around hiring people who share their vision, values, and work ethics, with the right skills for the work you need done as your scale your business.
2. Cash Flow Management is critically important especially during the initial stages of business growth. This is even more important when you have investors involved that expect you to meet key growth milestones, while managing your monthly cashflow burn. You’ll learn what is needed to have a plan in place to manage it effectively.
3. Develop Self-Awareness as this is achieving your goals and living a fulfilling life. This means understanding your values, strengths, and weaknesses, and being honest with yourself about what you want and what you need to work on.
4. Set Clear and Measurable Goals for yourself and the organization. This means identifying what you want to achieve and breaking it down into manageable steps. Kristy also shares visualization techniques to help you stay focused and motivated.
5. Take Consistent Action over time to achieve the goals you have set. This means being willing to put in the work to equip your team, particularly virtual assistants, to successfully meet the goals you have set for them. Staying committed, even when things get challenging and celebrate your successes along the way to stay motivated.
Kristy Yoder is a Filipina based in Ohio. She is the Founder and CEO of SMART VAs (SMART stands for Savvy Motivated Adept Responsible Trustworthy) and the host of The Master Delegator Podcast where she teaches entrepreneurs and leaders to grow their business by delegating.
Since 2020 she has created a team of over 70 assistants with a broad range of skills and offerings and has helped more than 200 small business owners with their resource needs. Learn More at :
https://smartvirtualassistants.com/
Karen Rands is the leader of the Compassionate Capitalist Movement and author of the best selling investment primer: Inside Secrets to Angel Investing: Step-by-Step Strategies to Leverage Private Equity Investment for Passive Wealth Creation. She is an authority on creating wealth through investing and building successful businesses that can scale and exit rich. Karen is an enthusiastic speaker on[…]
