Sumi Krishnan

Hello.

Sumi Krishnan

Hello gorgeous people.

Sumi Krishnan

It's so fun to be back with you today.

Sumi Krishnan

Welcome back to the Dream Life Club podcast.

Sumi Krishnan

Today I'm going to talk to you about asking about the llamas.

Sumi Krishnan

So stick with me, I'm going to explain what I mean.

Sumi Krishnan

But if you are new here, let me introduce myself real quick.

Sumi Krishnan

My name is Sumi Krishnan and I've been an entrepreneur since I was 19.

Sumi Krishnan

I've grown multiple companies including, including most notably a multiple eight figure, 200 person consulting company in D.C.

Sumi Krishnan

called K4 Solutions.

Sumi Krishnan

And 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 Krishnan

It's super exciting to be here and to talk about this stuff.

Sumi Krishnan

In 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 Krishnan

Because that is honestly like the starting point.

Sumi Krishnan

When 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 Krishnan

So I'm really passionate about helping you get to your six figures in revenue.

Sumi Krishnan

And today I want to talk about this.

Sumi Krishnan

I'm kind of trying to reverse engineer some of the things that I've done to grow my companies that have been successful.

Sumi Krishnan

Because 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 Krishnan

And so it was an interesting thing to tackle.

Sumi Krishnan

And I feel like that's proof that if I can do it there, I can do it anywhere.

Sumi Krishnan

And 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 Krishnan

It's so possible.

Sumi Krishnan

So 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 Krishnan

So 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 Krishnan

Because I'm not it.

Sumi Krishnan

Look, I'm not an expert.

Sumi Krishnan

All I can do is share my experience.

Sumi Krishnan

And I've had a lot of experience, right?

Sumi Krishnan

I've had a lot of failures, I've had a lot of wins.

Sumi Krishnan

But I'm going through my own journey right now too.

Sumi Krishnan

Like I'm starting a whole new thing, Building my music career, building my coaching career.

Sumi Krishnan

Like, I'm starting new things as well.

Sumi Krishnan

And so I'm like in it with you guys, right?

Sumi Krishnan

And 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 Krishnan

So 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 Krishnan

And then also put, put it on your calendar.

Sumi Krishnan

Like, you should not be listening to any one of these podcast episodes and then just like going on to the next thing.

Sumi Krishnan

Like, if you do that, it's just a freaking big waste of time, right?

Sumi Krishnan

Like, I'm happy to be your entertainment on a walk or something.

Sumi Krishnan

But more than that, I want you to actually go implement something.

Sumi Krishnan

So 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 Krishnan

If it's not on your calendar, it's not going to happen.

Sumi Krishnan

And 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 Krishnan

And 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 Krishnan

And especially at this time, it's like holiday season, right?

Sumi Krishnan

You had a lot of chances to ask about the llamas.

Sumi Krishnan

So let me explain what I mean.

Sumi Krishnan

So 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 Krishnan

And that's one of the things that I'm realizing I'm not doing as much of now.

Sumi Krishnan

So a couple of the tools when I was, we were building a consulting company and a lot of our clients were government agencies.

Sumi Krishnan

And we had.

Sumi Krishnan

We had.

Sumi Krishnan

There were many programs to help support that.

Sumi Krishnan

Every government agency has a small business office.

Sumi Krishnan

You can go and talk to the small business office.

Sumi Krishnan

As 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 Krishnan

And so many people I know, like my uncle, for example, he, like, he had a company.

Sumi Krishnan

He refused to go get that certification because he felt that that was like.

Sumi Krishnan

It was like, he didn't want to.

Sumi Krishnan

He didn't want to take advantage of that kind of tool.

Sumi Krishnan

He wanted to win it on his own.

Sumi Krishnan

Right?

Sumi Krishnan

But 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 Krishnan

There are certain systemic disadvantages that we face, right?

Sumi Krishnan

Like, 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 Krishnan

And when you're in a new country and you don't have, like, ancestors in high places or if you're just coming.

Sumi Krishnan

And that's the cool thing about, like, the.

Sumi Krishnan

A lot of these programs that you can take advantage of, you don't need to be a minority, right?

Sumi Krishnan

There'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 Krishnan

That's why these programs are so worthwhile, because we each have so much to offer.

Sumi Krishnan

It reminds me of, like, the statistic that, like, last year, like, undocumented immigrants paid $98 billion in taxes.

Sumi Krishnan

Like what?

Sumi Krishnan

Like.

Sumi Krishnan

Like what?

Sumi Krishnan

Like, did you know that undocumented immigrants paid taxes?

Sumi Krishnan

Like, I kind of forgot or didn't really know if that was.

Sumi Krishnan

But yes, right?

Sumi Krishnan

And the.

Sumi Krishnan

Anyways, 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 Krishnan

Whoa.

Sumi Krishnan

There's some, like, major banging in my backyard.

Sumi Krishnan

So much value into the economy and they.

Sumi Krishnan

So much work that they do, right?

Sumi Krishnan

And all of us, no matter who we are, have so much value to add to the world.

Sumi Krishnan

And 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 Krishnan

So you gotta.

Sumi Krishnan

You gotta.

Sumi Krishnan

You gotta put your ego aside.

Sumi Krishnan

And, like, that's my first tip.

Sumi Krishnan

Here 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 Krishnan

Like, 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 Krishnan

Like, 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 Krishnan

Like, 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 Krishnan

Take advantage of those things.

Sumi Krishnan

Okay, next.

Sumi Krishnan

So.

Sumi Krishnan

So.

Sumi Krishnan

So my point is, I got the certification called.

Sumi Krishnan

It was called the 8 certification for my company.

Sumi Krishnan

Then 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 Krishnan

They 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 Krishnan

A new 8 company was going to need to get that contract.

Sumi Krishnan

So we became very strategic.

Sumi Krishnan

We built relationships with all of the other eight companies close to graduating in the industry.

Sumi Krishnan

And that led to the company that was.

Sumi Krishnan

That 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 Krishnan

Okay?

Sumi Krishnan

I 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 Krishnan

Does that make sense?

Sumi Krishnan

So that was one of my main strategies, right?

Sumi Krishnan

Like, why not do that?

Sumi Krishnan

That's called being strategic and building relationship when it counts.

Sumi Krishnan

Then how did I get in to this agency?

Sumi Krishnan

How did I get my in?

Sumi Krishnan

Because, like we always say, you gotta know your ideal client so well.

Sumi Krishnan

You gotta know their biggest challenges.

Sumi Krishnan

You gotta know what keeps them up at night.

Sumi Krishnan

You gotta know where they struggle and where they want to be.

Sumi Krishnan

And without talking to them face to face, you're never gonna know that.

Sumi Krishnan

You can't just sit on the sidelines and, like, announce.

Sumi Krishnan

You 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 Krishnan

If you don't know your ideal client, you've got to know them.

Sumi Krishnan

But how do you get to know them?

Sumi Krishnan

How do you get to talk to them?

Sumi Krishnan

You got to put yourself in the rooms where they exist.

Sumi Krishnan

So this client of mine, I was like, I found out that one of my friends from college actually worked at this agency.

Sumi Krishnan

He got me in, and then I went up and just introduced myself.

Sumi Krishnan

I signed in as a visitor, as a guest to go visit him.

Sumi Krishnan

And 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 Krishnan

And then she invited me to the thing, and then I got you there.

Sumi Krishnan

And then I was in all the rooms, and I saw the competition, and I asked her more questions.

Sumi Krishnan

And then through those talks, we really got to know what they wanted.

Sumi Krishnan

And 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 Krishnan

And 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 Krishnan

I had made the effort to also go talk to the customer.

Sumi Krishnan

I had made the effort to also figure out what their hot buttons were, what their pain points were.

Sumi Krishnan

And that's what I brought to the table, as well.

Sumi Krishnan

As well as our capabilities and our organizational structure and the skill sets that we brought.

Sumi Krishnan

We also brought an understanding of the current customer environment and what they wanted, what they wanted.

Sumi Krishnan

And then together, we won the new contract.

Sumi Krishnan

But then where do I.

Sumi Krishnan

Why am I talking about talking and asking about the llamas?

Sumi Krishnan

Right.

Sumi Krishnan

Well, the woman who ran this contract for this agency, get this, you guys, she was obsessed with llamas.

Sumi Krishnan

She had llamas in her backyard.

Sumi Krishnan

And so I.

Sumi Krishnan

Did I know anything about llamas?

Sumi Krishnan

No.

Sumi Krishnan

Did I care about llamas?

Sumi Krishnan

No.

Sumi Krishnan

But 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 Krishnan

And so I, you know, went out to dinner with.

Sumi Krishnan

After 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 Krishnan

After 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 Krishnan

Is, at the end of the day, it's everything.

Sumi Krishnan

Relationship capital is all there is.

Sumi Krishnan

Okay.

Sumi Krishnan

And, and so, you know, I would take her out, we'd go out to dinner, and we would.

Sumi Krishnan

I 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 Krishnan

And was I interested in that?

Sumi Krishnan

Not really.

Sumi Krishnan

But did it?

Sumi Krishnan

Was it interesting?

Sumi Krishnan

Yes.

Sumi Krishnan

Was it interesting?

Sumi Krishnan

Yes.

Sumi Krishnan

Because 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 Krishnan

Wait, this is a whole, like, niche community that I never knew about.

Sumi Krishnan

Okay, what is this about?

Sumi Krishnan

And it's actually cool to expand your mind in areas that you're not exposed to at all.

Sumi Krishnan

And 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 Krishnan

And 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 Krishnan

And 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 Krishnan

What are they passionate about?

Sumi Krishnan

And can you.

Sumi Krishnan

And remember to ask about that.

Sumi Krishnan

Know 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 Krishnan

And that's the best piece of networking advice that there is.

Sumi Krishnan

Figure out what they're passionate about and ask them about it.

Sumi Krishnan

Be interested, ask good questions, and you will never lose.

Sumi Krishnan

Okay, so that is my spiel for today.

Sumi Krishnan

I really hope it helped you.

Sumi Krishnan

Write 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.