What lessons can entrepreneurs learn from our guest's approach to seeking and utilizing mentors and building a network for guidance in both personal and professional aspects?
Welcome to another episode of Empowering Entrepreneurs, where we feature dynamic individuals who are revolutionizing their industries. In today's episode, hosts Glenn Harper and Julie Smith sit down with Liz Branch, the innovative COO of Accountingfly and GoingConcern.
Liz shares her insights on changing the landscape of the accounting profession and the vital role of communication and teamwork in entrepreneurship. From her experience in building successful remote teams to her passion for helping clients find the right talent, Liz's story is one of empowerment and inspiration.
Join us as we dive into Liz's journey, her unique problem-solving approach, and her vision for the future of remote work. It's an episode packed with valuable advice and captivating stories that's not to be missed!
Empowering Takeaways
Remote Work Pioneering: Liz Branch and Accountingfly were ahead of the pandemic-driven remote work transition, showcasing the advantages and potential challenges of hiring and managing remote accounting talent.
The value of a cohesive team, especially in high-pressure environments like healthcare, and how it's essential for project completion and effective problem-solving.
The significance of feedback and open communication for creating a better product or service and the need for transparency within the accounting profession.
Entrepreneurs should strive to find a balance or partnership between visionaries who dream big and integrators like Liz Branch who can operationalize those dreams, ensuring the company can pivot and execute effectively.
Understanding and utilizing employee strengths is key to assigning roles efficiently within a company, which can lead to better performance and job satisfaction.
Overcoming the fear of hiring is crucial for entrepreneurship. Trusting and empowering employees helps businesses grow. It's also important to consider looking outside one's industry for fresh perspectives and advice.
Establishing clear processes, expectations, and trust is key for remote teams. This includes implementing technology and contract safeguards to ensure commitment and prevent multi-job situations.
Building a diverse network of mentors can provide guidance in various areas of entrepreneurship. Seeking support and advice from those more experienced is invaluable.
For entrepreneurs, finding someone who possesses both passion for the vision and operational expertise is essential for achieving rapid success and growth.
Empowering Moments
05:06 Consultant specializing in finding business communications solutions.
09:57 Her marketing degree helps her understand people.
10:49 Accountingfly focuses on hiring remote talent.
13:51 Finding a facilitator accelerates entrepreneur's success.
17:50 Challenges in adapting, different perspectives, slow changes.
24:01 Seek feedback from clients to improve services.
27:16 Collaboration and delegation in building marketing team.
30:54 Discuss, prioritize and clarify expectations for position.
31:51 Learning about different firms and hiring processes.
37:28 Recruiting team trains for remote tech skills.
41:00 Entrepreneur talking about trusting remote employees.
42:03 Ensure remote employees feel supported and connected.
47:15 Recognizing inefficiencies, helping others without overstepping.
48:17 Stay in lane, embrace change, engage positively.
