Jody Grunden, a virtual CFO, discusses the transition from brick and mortar to virtual business and the use of virtual assistants. He shares his experience in transforming the accounting industry by creating a virtual CFO service and changing billing models. Grunden emphasizes the importance of deliberate communication and building a strong virtual culture. He also highlights the challenges of managing a virtual team and provides tips for success, such as setting regular meetings and creating a professional virtual office environment.
He discusses the importance of strategic coaching and how it has helped him achieve a work-life balance with 150 free days per year. He emphasizes the need to delegate and systematize processes in order to scale a business and increase its value. Grunden also highlights the benefits of hiring virtual assistants and utilizing AI in business operations. He encourages entrepreneurs to embrace AI as a tool and learn how to leverage its capabilities.
Takeaways
• Transitioning from brick and mortar to virtual business requires careful planning and consideration of software, office space, and internet connectivity.
• Deliberate communication is crucial in managing a virtual team, including regular meetings and fostering a strong virtual culture.
• Tools like SoCoCo and ClickUp can help create a virtual office space and manage processes effectively.
Building a virtual business allows for flexibility in work hours and location, but it requires intentional processes and systems to ensure productivity and client satisfaction. Strategic coaching can help entrepreneurs achieve a work-life balance and focus on tasks that bring in profits.
• Delegating and systematizing processes is crucial for scaling a business and increasing its value.
• Hiring virtual assistants, both domestically and internationally, can be cost-effective and improve efficiency.
• AI can be a valuable tool in various aspects of business, from writing emails to analyzing financial data.
• Entrepreneurs should embrace AI and learn how to leverage its capabilities to stay competitive in the market.
Sound Bites
• Grunden what should I call him? My nickname will be the virtual guru virtual guru.
• We basically transformed the accounting industry in regard to creating a virtual CFO service.
• The virtual thing has really kind of opened it up.
• I have about 150 free days, which is kind of cool.
• You've got to figure out how to get yourself out of the weeds.
• If everything's snowflakey, good luck on selling it for a premium.
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