Behind Her Empire Podcast: TransPerfect Co-founder on How to Manage a Business with a Partner
Yasmin is the host of the "Behind Her Empire" podcast, focused on highlighting self-made women leaders and entrepreneurs and how they tackle their career, money, family and life.
Each episode covers their unique hero's journey and what it really takes to build an empire with key lessons learned along the way. The goal of the series is to empower you to see what's possible & inspire you to create financial freedom in your own life.
On this episode of the Behind Her Empire podcast, hear from Liz Elting, co-founder and former co-CEO of TransPerfect, the world's largest provider of language and business solutions, valued at over $1 billion.
Key Takeaways:
- Elting launched her company out of her business school dorm room at the age of 26.
- Her parents instilled the importance of being financially independent in her at a young age.
- Elting believes that defining goals, sharing them with people and writing down the steps to achieve them can help them become reality.
- During the early days, Elting's business focused on sales. For example, she and her colleagues made and sent around 300 cold calls and letters a day.
- She co-founded the business without a shareholder's agreement, a move which she regrets, because as the years go by, she says, there's more to fight about.
- In a co-founded business, Elting advises that one person have 51% so that person can make the call when the leaders are at an impasse.
- Elting balanced motherhood and the pressures of her job by compartmentalizing: She worked intensely during the day, and when she was home, made her time all about her kids.
"When people have investors or even if they get a loan, they might not have the same kind of pressure to make sure they are profitable every single day because they're dealing with other people's money." — Liz Elting
Liz Elting is the co-founder and former co-CEO of TransPerfect. She's currently the founder and CEO of the Elizabeth Elting Foundation.
Want to hear more of the Behind Her Empire podcast? Subscribe on Stitcher, Apple Podcasts, Spotify, iHeart Radio or wherever you get your podcasts.
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Yasmin is the host of the "Behind Her Empire" podcast, focused on highlighting self-made women leaders and entrepreneurs and how they tackle their career, money, family and life.
Each episode covers their unique hero's journey and what it really takes to build an empire with key lessons learned along the way. The goal of the series is to empower you to see what's possible & inspire you to create financial freedom in your own life.
Image courtesy of Genies
