Hello.
Sumi KrishnanHello gorgeous people.
Sumi KrishnanIt's so fun to be back with you today.
Sumi KrishnanWelcome back to the Dream Life Club podcast.
Sumi KrishnanToday I'm going to talk to you about asking about the llamas.
Sumi KrishnanSo stick with me, I'm going to explain what I mean.
Sumi KrishnanBut if you are new here, let me introduce myself real quick.
Sumi KrishnanMy name is Sumi Krishnan and I've been an entrepreneur since I was 19.
Sumi KrishnanI've grown multiple companies including, including most notably a multiple eight figure, 200 person consulting company in D.C.
Sumi Krishnancalled K4 Solutions.
Sumi KrishnanAnd I'm creating this podcast to help other women entrepreneurs and creatives grow their businesses and make the impact in the world that you were meant to make.
Sumi KrishnanIt's super exciting to be here and to talk about this stuff.
Sumi KrishnanIn fact, I've been running a program called the Six where we've got some really cool, cool entrepreneurs doing some really fun things and I'm helping them get their businesses off the ground to six figures in revenue.
Sumi KrishnanBecause that is honestly like the starting point.
Sumi KrishnanWhen you hit six figures in revenue you can say like, okay, I can call myself a business owner right before that you kind of just have an expensive hobby.
Sumi KrishnanSo I'm really passionate about helping you get to your six figures in revenue.
Sumi KrishnanAnd today I want to talk about this.
Sumi KrishnanI'm kind of trying to reverse engineer some of the things that I've done to grow my companies that have been successful.
Sumi KrishnanBecause a lot of you have been telling me that the most impactful episodes for you of this podcast so far have been when I've told stories about like, you know, what it was like when we won that first contract with CMS and the front of the room mindset and like all these, you know, the mindsets that I had to hold in my early mid and late 20s to actually compete in an industry that was completely male dominated where I was like half the age of everybody else and you know, a woman and a minority.
Sumi KrishnanAnd so it was an interesting thing to tackle.
Sumi KrishnanAnd I feel like that's proof that if I can do it there, I can do it anywhere.
Sumi KrishnanAnd that's what I want you guys to kind of hold the same mentality that I don't care what industry you're in, I don't care what kind of business or creative pursuit you want to build.
Sumi KrishnanIt's so possible.
Sumi KrishnanSo when I was thinking back to another story I could tell since that seems to be my most favorited episodes and when I tell stories about my previous business success, I was thinking that, okay, another huge, there are many Many stories I could tell, and one of them I thought, oh, ask about the llamas, because that was a very interesting thing.
Sumi KrishnanSo here I came up with this like four step thing that you can take away from this episode to go implement in your business.
Sumi KrishnanBecause I'm not it.
Sumi KrishnanLook, I'm not an expert.
Sumi KrishnanAll I can do is share my experience.
Sumi KrishnanAnd I've had a lot of experience, right?
Sumi KrishnanI've had a lot of failures, I've had a lot of wins.
Sumi KrishnanBut I'm going through my own journey right now too.
Sumi KrishnanLike I'm starting a whole new thing, Building my music career, building my coaching career.
Sumi KrishnanLike, I'm starting new things as well.
Sumi KrishnanAnd so I'm like in it with you guys, right?
Sumi KrishnanAnd I'm in it with you guys and also trying to implement, you know, the strategies from my history and from my past that worked and adapt them to what I need to do today.
Sumi KrishnanSo I want you to take everything I say into your mind and then figure out how do you actually adapt them into what you're doing, how do you make them yours?
Sumi KrishnanAnd then also put, put it on your calendar.
Sumi KrishnanLike, you should not be listening to any one of these podcast episodes and then just like going on to the next thing.
Sumi KrishnanLike, if you do that, it's just a freaking big waste of time, right?
Sumi KrishnanLike, I'm happy to be your entertainment on a walk or something.
Sumi KrishnanBut more than that, I want you to actually go implement something.
Sumi KrishnanSo whatever aha moment you might have or whatever idea you might get, right, for something that you can actually do in your life and business, put it on your calendar.
Sumi KrishnanIf it's not on your calendar, it's not going to happen.
Sumi KrishnanAnd today, like when I talk about asking about the llamas I want at the end of this episode, you'll, you're, you'll get more a better understanding of what I mean by that.
Sumi KrishnanAnd I want you to figure out a way to go put asking your mouth the llamas on your own calendar in the next couple weeks.
Sumi KrishnanAnd especially at this time, it's like holiday season, right?
Sumi KrishnanYou had a lot of chances to ask about the llamas.
Sumi KrishnanSo let me explain what I mean.
Sumi KrishnanSo I think one of the things that allowed me to be so successful in the past was I wasn't afraid to use the tools at my fingertips.
Sumi KrishnanAnd that's one of the things that I'm realizing I'm not doing as much of now.
Sumi KrishnanSo a couple of the tools when I was, we were building a consulting company and a lot of our clients were government agencies.
Sumi KrishnanAnd we had.
Sumi KrishnanWe had.
Sumi KrishnanThere were many programs to help support that.
Sumi KrishnanEvery government agency has a small business office.
Sumi KrishnanYou can go and talk to the small business office.
Sumi KrishnanAs a young minority woman, I also could apply and get into this program called the eight, A program which is basically for economically and socially disadvantaged business leaders, Right?
Sumi KrishnanAnd so many people I know, like my uncle, for example, he, like, he had a company.
Sumi KrishnanHe refused to go get that certification because he felt that that was like.
Sumi KrishnanIt was like, he didn't want to.
Sumi KrishnanHe didn't want to take advantage of that kind of tool.
Sumi KrishnanHe wanted to win it on his own.
Sumi KrishnanRight?
Sumi KrishnanBut the truth of the matter is, like, as a woman, first of all, and as a minority, and if you're listening and you relate, then you'll get what I mean, like, we.
Sumi KrishnanThere are certain systemic disadvantages that we face, right?
Sumi KrishnanLike, I mean, I was thinking about this, like, if I grew up, if I was in India right now, I would be at a whole different place in my career because my family would have had friends in high places, right?
Sumi KrishnanAnd when you're in a new country and you don't have, like, ancestors in high places or if you're just coming.
Sumi KrishnanAnd that's the cool thing about, like, the.
Sumi KrishnanA lot of these programs that you can take advantage of, you don't need to be a minority, right?
Sumi KrishnanThere's so many programs out there just for, like, economically disadvantaged people or people in economically disadvantaged areas of the country that you can take advantage of to actually help be a stepping stone to get you where you are, to actually unleash your potential.
Sumi KrishnanThat's why these programs are so worthwhile, because we each have so much to offer.
Sumi KrishnanIt reminds me of, like, the statistic that, like, last year, like, undocumented immigrants paid $98 billion in taxes.
Sumi KrishnanLike what?
Sumi KrishnanLike.
Sumi KrishnanLike what?
Sumi KrishnanLike, did you know that undocumented immigrants paid taxes?
Sumi KrishnanLike, I kind of forgot or didn't really know if that was.
Sumi KrishnanBut yes, right?
Sumi KrishnanAnd the.
Sumi KrishnanAnyways, I say that because, like, not that taxes are unleashing their potential, but it just reminded me that, like, undocumented immigrants add so much value.
Sumi KrishnanWhoa.
Sumi KrishnanThere's some, like, major banging in my backyard.
Sumi KrishnanSo much value into the economy and they.
Sumi KrishnanSo much work that they do, right?
Sumi KrishnanAnd all of us, no matter who we are, have so much value to add to the world.
Sumi KrishnanAnd so why wouldn't you take advantage of every program out there that there is to help you unleash your potential so that you could add the value that you were meant to add into the world, right?
Sumi KrishnanSo you gotta.
Sumi KrishnanYou gotta.
Sumi KrishnanYou gotta put your ego aside.
Sumi KrishnanAnd, like, that's my first tip.
Sumi KrishnanHere is like, my first step to this talk about the llamas thing is like, go take advantage of every program that could help you.
Sumi KrishnanLike, for me, now there's so many, even, like, if they're paid, like, there's just communities that I can join, like women in Music, or, like the Taxi conference, or, like, go to Durango Songwriters Conference.
Sumi KrishnanLike, there are so many things, there are rooms and masterminds that I could join that I would have to pay to get into, but that would really unleash my next level.
Sumi KrishnanLike, so take advantage of whatever opportunity, whether it's a certain certification that you can get or a program that you can join or a community that would help you get to the next step.
Sumi KrishnanTake advantage of those things.
Sumi KrishnanOkay, next.
Sumi KrishnanSo.
Sumi KrishnanSo.
Sumi KrishnanSo my point is, I got the certification called.
Sumi KrishnanIt was called the 8 certification for my company.
Sumi KrishnanThen I was like, okay, so there were companies out there who had contracts through this 8A certification, but then they were graduating from the 8 program.
Sumi KrishnanThey were no longer going to be able to be qualified, yet they had that current contract, and somebody, if not them, somebody else was going to need to get the contract.
Sumi KrishnanA new 8 company was going to need to get that contract.
Sumi KrishnanSo we became very strategic.
Sumi KrishnanWe built relationships with all of the other eight companies close to graduating in the industry.
Sumi KrishnanAnd that led to the company that was.
Sumi KrishnanThat held this contract that was worth $25 million over five years, $5 million a year of revenue, $25 million contract that we ended up winning because I had strategically built those relationships.
Sumi KrishnanOkay?
Sumi KrishnanI knew that their certification was soon to be expiring, and I wanted to then be their partner so that I could hold the certification and they could be a subcontractor for me, and we could together go and win the new contract.
Sumi KrishnanDoes that make sense?
Sumi KrishnanSo that was one of my main strategies, right?
Sumi KrishnanLike, why not do that?
Sumi KrishnanThat's called being strategic and building relationship when it counts.
Sumi KrishnanThen how did I get in to this agency?
Sumi KrishnanHow did I get my in?
Sumi KrishnanBecause, like we always say, you gotta know your ideal client so well.
Sumi KrishnanYou gotta know their biggest challenges.
Sumi KrishnanYou gotta know what keeps them up at night.
Sumi KrishnanYou gotta know where they struggle and where they want to be.
Sumi KrishnanAnd without talking to them face to face, you're never gonna know that.
Sumi KrishnanYou can't just sit on the sidelines and, like, announce.
Sumi KrishnanYou know, in my case, would, like, write a proposal or in, like, a B2C case, it would be, like, announce that you have some service that you're offering.
Sumi KrishnanIf you don't know your ideal client, you've got to know them.
Sumi KrishnanBut how do you get to know them?
Sumi KrishnanHow do you get to talk to them?
Sumi KrishnanYou got to put yourself in the rooms where they exist.
Sumi KrishnanSo this client of mine, I was like, I found out that one of my friends from college actually worked at this agency.
Sumi KrishnanHe got me in, and then I went up and just introduced myself.
Sumi KrishnanI signed in as a visitor, as a guest to go visit him.
Sumi KrishnanAnd then I found her office and went up and introduced myself, and I started to talk to her, and I asked her, oh, when's the vendor event?
Sumi KrishnanAnd then she invited me to the thing, and then I got you there.
Sumi KrishnanAnd then I was in all the rooms, and I saw the competition, and I asked her more questions.
Sumi KrishnanAnd then through those talks, we really got to know what they wanted.
Sumi KrishnanAnd at the same time, I was building a relationship with the current person who held that contract, the current company, and getting his insight.
Sumi KrishnanAnd once he decided to team up with us because we had some value to bring, we weren't just, like, one of 6,000 companies with the certification that he could have picked.
Sumi KrishnanI had made the effort to also go talk to the customer.
Sumi KrishnanI had made the effort to also figure out what their hot buttons were, what their pain points were.
Sumi KrishnanAnd that's what I brought to the table, as well.
Sumi KrishnanAs well as our capabilities and our organizational structure and the skill sets that we brought.
Sumi KrishnanWe also brought an understanding of the current customer environment and what they wanted, what they wanted.
Sumi KrishnanAnd then together, we won the new contract.
Sumi KrishnanBut then where do I.
Sumi KrishnanWhy am I talking about talking and asking about the llamas?
Sumi KrishnanRight.
Sumi KrishnanWell, the woman who ran this contract for this agency, get this, you guys, she was obsessed with llamas.
Sumi KrishnanShe had llamas in her backyard.
Sumi KrishnanAnd so I.
Sumi KrishnanDid I know anything about llamas?
Sumi KrishnanNo.
Sumi KrishnanDid I care about llamas?
Sumi KrishnanNo.
Sumi KrishnanBut in order to understand her better, I realized I have to get to know what it means to have llamas and to be so passionate about them and enter them into contests and things like that.
Sumi KrishnanAnd so I, you know, went out to dinner with.
Sumi KrishnanAfter we won the contract, and because after you win the contract, you can't just, like, decide that all this relationship building is over.
Sumi KrishnanAfter you win the contract is actually the time where you gotta, like, continue to ramp it up and continue to build relationships and get closer to people and, you know, relationship capital.
Sumi KrishnanIs, at the end of the day, it's everything.
Sumi KrishnanRelationship capital is all there is.
Sumi KrishnanOkay.
Sumi KrishnanAnd, and so, you know, I would take her out, we'd go out to dinner, and we would.
Sumi KrishnanI would ask her about the llamas and hear all of her stories about how grooming them and raising them and them competing in their best groomed, best walked competition went.
Sumi KrishnanAnd was I interested in that?
Sumi KrishnanNot really.
Sumi KrishnanBut did it?
Sumi KrishnanWas it interesting?
Sumi KrishnanYes.
Sumi KrishnanWas it interesting?
Sumi KrishnanYes.
Sumi KrishnanBecause once you ask about the llamas, your, your, your mind gets opened up to a whole bunch of new perspectives and you're like, oh, wow, I could totally actually now have questions.
Sumi KrishnanWait, this is a whole, like, niche community that I never knew about.
Sumi KrishnanOkay, what is this about?
Sumi KrishnanAnd it's actually cool to expand your mind in areas that you're not exposed to at all.
Sumi KrishnanAnd that's one of the things I love about being in business, is that it exposes us to so many different kinds of people, so many different things.
Sumi KrishnanAnd the best thing we can do is get more exposure to different ideas, different types of people, different interests, different hobbies, different little niche things that otherwise we wouldn't know about.
Sumi KrishnanAnd so ask about the llamas is my cue to you to always remember to figure out, like, what it is that your ideal client is interested in.
Sumi KrishnanWhat are they passionate about?
Sumi KrishnanAnd can you.
Sumi KrishnanAnd remember to ask about that.
Sumi KrishnanKnow about it when you're going after the contract or going after the work or selling your services, and then follow up about it when they are your customer, when they are your client, when they're in your ecosphere, make sure to follow up about it and ask about it and be interested.
Sumi KrishnanAnd that's the best piece of networking advice that there is.
Sumi KrishnanFigure out what they're passionate about and ask them about it.
Sumi KrishnanBe interested, ask good questions, and you will never lose.
Sumi KrishnanOkay, so that is my spiel for today.
Sumi KrishnanI really hope it helped you.
Sumi KrishnanWrite down what you're going to take away from this episode, how you're going to ask about the llamas in your business, and we'll talk to you next week.