Liz Elting: Lessons from the Co-Founder of a Billion Dollar Company

The Good Life with Michele Lamoureux

Learn from one of Forbes’ Self-Made Richest Women, Liz Elting, the co-founder of a billion-dollar company. In this interview, Liz shares some of the key lessons from her book, Dream Big + Win: Translating Passion into Purpose and Creating a Billion-Dollar Business. One of my favorites was the understanding that entrepreneurs don’t need to be inventors. There were tens of thousands of translation companies but that didn’t stop Liz from co-founding her own company. She was set on building the world's premier and largest language solutions company which they did. You will hear more about this and how she was able to grow the company without outside funding. If you are looking to take your business and life to the next level, this interview is for you!

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WHAT YOU’LL LEARN:

1. The importance of setting a big vision.
2. How to focus on goal setting to take your big dream and turn it into manageable goals.
3. Why each chapter begins with a verb and the importance of taking action.
4. How she approached the sales growth strategy.
5. The importance of having a shareholder’s agreement.
6. How they were able to grow the company without outside funding.
7. Core values and their importance in establishing company culture.
8. Why you are your own greatest resource and the importance of hard work, and much more.

RESOURCES MENTIONED

• Join Michele’s Newsletter
• Michele on Instagram
• Michele’s Book
• Website: https://www.lizelting.com/
• https://www.elizabetheltingfoundation.org/
• Book: Dream Big + Win: Translating Passion into Purpose and Creating a Billion-Dollar Business
• IG: https://www.instagram.com/lizelting/

ABOUT THE GUEST

Liz Elting, Founder and CEO of the Elizabeth Elting Foundation, is an entrepreneur, business leader, linguaphile, philanthropist, feminist, and mother. After living, studying, and working in five countries across the globe, Liz founded TransPerfect out of an NYU dorm room in 1992 and served as Co-CEO until 2018. TransPerfect is the world’s largest language solutions company, with over $1.1 billion in revenue and offices in more than 100 cities worldwide. Liz received the 2019 Charles Waldo Haskins Award for business and public service from NYU’s Stern School of Business, the American Heart Association’s 2020 Health Equity Leadership Award, the Alliance of Women Entrepreneurs’ 2021 Vertex Award for changing the face and direction of women’s high-growth entrepreneurship, the American Heart Association’s 2022 Woman Changing the World Award, and Trinity College’s 2022 Kathleen O’Connor Boelhouwer ’85 Alumni Initiative Award. Liz has been recognized as a NOW Woman of Power & Influence, American Express’ and Entrepreneur magazine’s Woman of the Year, and one of Forbes’ Richest Self-Made Women every year since the list’s inception. Elting is the author of the upcoming book, Dream Big and Win: Translating Passion into Purpose and Creating a Billion-Dollar Business.

Thank you for listening to the show!

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