E20: The Journey to Becoming One of Forbes' Richest Self-Made Women - Liz Elting The Matthews Mentality Podcast

In this episode, Kyle Matthews is joined by Liz Elting. Liz is the co-founder of the world's largest translation service, TransPerfect, and founder of the Elizabeth Elting Foundation. From building her startup in her college dorm to becoming one of Forbes' richest self-made women, Liz has a unique leadership story to tell. She is the author of “Dream Big and Win,” a book that translates passion into purpose, and is a guest lecturer at Columbia and NYU. Today, Liz shares her insight on the importance of scalability, the complexities of business partnerships, balancing work and family, her commitment to growth, and the role of business in giving back to society.
 
00:00 Introduction and Early Career
01:38 Liz's Big Moment in 2018
04:09 Current Life and Activities
07:33 Childhood and Early Experiences
09:09 Language Skills and International Experiences
11:03 College and Early Career
34:53 Starting TransPerfect
36:23 Challenges and Successes in Building TransPerfect
43:40 Setting Goals
44:00 The Early Struggles and Triumphs of Entrepreneurship
44:16 The Importance of Resilience
45:57 The Challenges of Self-Funding and Balancing Growth
46:43 The Evolution of Management Style and Company Growth
47:44 The Turning Point: Realizing the Potential for Success
58:28 The Journey to Global Expansion
01:00:41 Work-Life Balance
01:09:00 The Decision to Sell and Achieving Financial Freedom
01:14:57 The Creation of the Elizabeth Elting Foundation
01:23:19 Reflections on a Successful Career and Advice for Young Professionals