Interested in starting your own entrepreneurial journey in business development but unsure what to expect? Then read up on our interview with Zahra Yarahmadi, Founder of BG Financial Consulting Group, located in Los Angeles, CA, USA.
What's your business, and who are your customers?
I am the founder of BG Financial Consulting Group, a boutique consulting firm that offers strategic financial consulting services to technology startups looking to scale. The customers are primarily the busy founders and CEOs of startups who need consulting to help them make the right decisions for their businesses.
Tell us about yourself
What got me started: I observed firsthand the difficulties startups faced in obtaining strategic financial advice, especially given the prohibitive costs of big-name consulting firms and the unique needs of Technology and Subscription/SaaS startups. Recognizing this gap in the market, I was driven to assist these founders in enhancing their business outcomes and to aid investors in comprehending the potential and shortcomings of their investments. Establishing my own consulting firm allowed me to leverage my skills and experiences, offering valuable insights and support to burgeoning businesses. This venture was a fulfillment of my ambition to make a meaningful impact in the startup ecosystem.
What motivates me: I firmly believe that if there is anyone out there who can help, it's me. I shouldn't be waiting and hoping for someone else to solve my problems. My strategy has always been to explore multiple avenues for a solution and to conduct my own research. I make it a point to listen to several experts on any topic I'm delving into and leverage their knowledge and expertise. This approach has empowered me to take charge of the situations I face and actively seek out the resources and information I need to overcome obstacles and move forward.
What's your biggest accomplishment as a business owner?
My company has helped over 80 startups scale and grow in the past four years by stabilizing their finances and securing funding through a comprehensive financial strategy.
What's one of the hardest things that comes with being a business owner?
One of the hardest things for me has been navigating the challenges of scaling a business efficiently, especially during periods of rapid growth. This includes managing financial impacts and making critical business decisions under pressure.
What are the top tips you'd give to anyone looking to start, run and grow a business today?
- Holistic Business Understanding: It's important to view a business as an interconnected ecosystem.
- Adaptability: Flexibility and responsiveness to market and environmental changes are crucial.
- Strategic Financial Planning: Leveraging financial insights for growth and having a deep understanding of the market and customers are key to a successful business.
Where can people find you and your business?
If you like what you've read here and have your own story as a solo or small business entrepreneur that you'd like to share, then please answer these interview questions. We'd love to feature your journey on these pages.
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