ETA Insider Podcast

From Finance to Innovation: A CEO's Journey

11 snips
Jan 3, 2024
Former President & CEO of SMS Assist, Marc Shiffman, shares his journey transitioning from finance to innovation and building a billion-dollar enterprise. Topics include strategic decision-making during the pandemic, the importance of technology, and scaling up a small business through diversification and clear vision.
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ADVICE

Master The Numbers

  • Know every number in your business because financial fluency builds credibility and influence.
  • Use financial mastery to pull others and make informed strategic decisions.
INSIGHT

Asset-Light Scale Wins Distributed Markets

  • SMS Assist used a third-party affiliate network and proprietary tech to serve distributed locations nationwide.
  • That asset-light model enabled rapid scale across tens of thousands of sites with low capital intensity.
ADVICE

Install Big-Business Rigor Early

  • Implement big-company infrastructure early: mission, values, training, and HR basics.
  • Build programs like internships and management training to attract and retain talent.
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