Co-founder of TransPerfect Liz Elting | From Dorm Room to Billion-Dollar Business

Liz Elting, the CEO and founder of the Elizabeth Elting Foundation and a renowned businesswoman, joins us in this episode. Liz shares her insightful entrepreneurial journey, from her dorm room at NYU to co-founding TransPerfect and building it into a billion-dollar language solutions company. She discusses key leadership lessons, the importance of taking unwavering action, how to overcome fears, the importance of cultivating a goal-oriented culture in business, and much more.

Liz also shares the inspiration behind writing her new book, Dream Big and Win: Translating Passion into Purpose and Creating a Billion-Dollar Business.

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About Liz Elting

Liz Elting, founder and CEO of the Elizabeth Elting Foundation, is a New York-based philanthropist and businesswoman recognized for her outstanding entrepreneurship and focus on developing women business leaders. Elting cofounded TransPerfect, the world's largest provider of language and business solutions. She has been named one of Forbes' Richest Self-Made Women every year since the list's inception. Elting's new book, Dream Big and Win, debuted as a National and Wall Street Journal bestseller.

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Chapters

• 0:00 Guest Introduction: Liz Elting
• 1:11 Beginning of Interview with Liz Elting
• 3:29 Liz Elting's Early Life and Challenges
• 7:34 Inspiration Behind Liz's New Book
• 8:57 Origins of TransPerfect
• 11:22 The Importance of Taking Risks in Entrepreneurship
• 14:04 The Role of Hard Work
• 20:05 The Importance of Setting Goals and Taking Action
• 25:10 Scaling a Company and Driving Accountability
• 27:40 The Art of Giving Feedback
• 28:16 The Importance of Goals in Business
• 28:57 The Problem with Lack of Transparency in Organizations
• 29:44 The Power of One-on-One Meetings
• 30:47 The Role of Compensation in Employee Retention
• 31:22 The Excuse of Not Having Time for One-on-Ones
• 31:38 The Importance of Understanding Expectations
• 33:22 The Key to Personal and Professional Breakthroughs
• 33:51 The Power of Grit and Persistence
• 37:09 How Liz Approaches Goals
• 41:48 Cultivating a Culture of Psychological Safety
• 44:14 Qualities of Exceptional Leaders
• 44:42 The Power of Curiosity and Proactivity in Leadership
• 47:15 The Mission of the Elizabeth Elting Foundation