The Expansive
#229 How to understand your money and scale your business with Vangelis Kyriazis
Nov 13, 2024
Vangelis Kyriazis, Co-founder and CEO of SIFT Analytics and former chartered accountant, dives into the world of entrepreneurship. He shares his journey from accounting to tech, emphasizing how understanding money and timing are vital for startups. The conversation explores the evolution of cloud accounting, the role of AI in optimizing financial processes, and the need for financial literacy for global expansion. Vangelis also discusses Syft's rise to prominence and its partnership with Xero in revolutionizing financial management.
38:50
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Quick takeaways
- The transition from accounting to tech entrepreneurship highlights the importance of foundational skills in recognizing and addressing industry gaps through innovative solutions.
- Utilizing advanced analytics and financial management tools is crucial for entrepreneurs, enabling informed decision-making and maintaining long-term business health.
Deep dives
Journey of Reinvention
A transition from accounting to tech entrepreneurship can lead to significant personal and professional growth. The speaker's narrative emphasizes how her foundational experiences in accounting enabled her to recognize gaps in the industry that could be addressed through technology. Despite initial financial struggles after leaving the corporate world, starting an accounting firm helped bridge the gap while pursuing her entrepreneurial aspirations. Collaborating with co-founders who possessed complementary skills allowed the speaker to pivot and ultimately build a successful tech business that still operates within the accounting realm.
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