How To Lead A High-Growth Company (with Sam Chang from VTMEMBER)

Tim is joined by Sam Chang, Founder of VTMEMBER—a virtual talent company that he scaled from $0-65k in monthly recurring revenue in 6 months. He is a serial entrepreneur who started his journey as a door-to-door meat salesman in college, and has since helped scale companies of all industry types and sizes. Listen to learn more about Sam’s philosophy around leading and scaling, and how this can be accomplished through strategic training and by creating a sense of ownership, connectivity, and community development.

Interview Highlights:

  • Sam launched a company last year, VTMEMBER, had their first paying client in June and since then they have scaled to a team of around 70 people. [1:44]
  • A leader is helping your team understand exactly where they're going. Helping them understand not only directionally, like where they should be moving towards, but also the end destination. [3:13]
  • A leader is helping each team member understand their role on the mission. Once a leader helps them understand where exactly they're going, each person should feel like they're contributing to something bigger than themselves. [3:46]
  • When Sam was studying Tony Robbins at one point in his life, he remembered that he talked about "The 6 Human Needs". Certainty, variety, love and connection, significance, growth, and contribution. [4:00]
  • Sam also mentioned John Maxwell's book where he talked about the blend between care and candor. Care is caring about people and their emotions and how they feel, and all of that. And candor is caring about people's potential. [4:40]

If you want to build a big business, all you have to do is go and find the smartest people in the world, convince them to come into a room with you, to work with you and create an environment where they never want to leave.

Sam Chang
  • At VTMEMBER, they create a family oriented environment. They utilize different tools online, because all of their team members’ locations range from South Africa, to China, to India, to Philippines, and to Guyana. [6:27]
  • The first thing that's in VTMEMBER's culture that works very effectively is meritocracy. It's tied not only to promotions, but it's tied to the member's compensation plan. So people in their business know exactly how to get promoted. [6:59]
  • The second thing that's in VTMEMBER's culture is the family environment where they have their Discord, they have their chats and all that kind of stuff. [8:55]

I do think that connectivity, especially in today's day and age, is going to be one of the core components of business that 'makes or breaks' a business especially in a world where everybody's remote.

Sam Chang
  • Helping people feel like they're connected to a community is probably the number one thing Sam would suggest for creating a better world of work. [11:52]
  • The second component in creating a better world of work for Sam is moving away from the nepotism type of management, where he’s going to promote the people that he like versus promoting the people that are performing. [13:35]
  • At VTMEMBER, every single member on their team has a way of creating passive income in their business. So that as they grow their passive income large enough, at some point, they can walk away from their actual position, like doing the virtual assistant work, and just live off the passive income, essentially. [14:17]

I think that building a better world of work is having training embedded in your business.

Sam Chang
  • One of the components that Sam thinks everyone should take away when building a company is, "done is better than perfect". Because realistically, when you look back on your life, you don't really look at the details. [21:47]
  • If you want to try and scale fast, hire people for help, for the role that you need before you need it, in a proactive way, rather than in a reactive way. [22:27]

Parting with your money is not easy, but I think hiring the right people to be in your business is probably the biggest investment you can make.

Sam Chang
  • Another component that Sam has taken from large corporations is that every relationship is like a bank account, and every situation is an opportunity. Our relationship with our employees, these are all bank accounts that we can either make deposits or withdrawals from. [23:45]
  • In every interview that Sam does, he's always looking for three things: reasons, work habit, and attitude. [28:08]
  • At VTMEMBER, they source, hire, train and manage a virtual workforce for North American companies. They do everything from data entry, cold calling, appointments setting, graphic design, video editing, and web development. [32:48]

Never manage your team members by the hour. Always manage them by the task, because it creates an environment of trust.

Sam Chang
  • The one piece of advice Sam would give to every listener as they're building a team and they're chasing after their dreams is that, if you have a big dream, you need a big team. [41:19]

If you have a big dream, you need to have a big team. And if you want a big team, you have to have a good foundation. And the foundation is your first core team member that you bring on board.

Sam Chang
  • When you're building your empire, you don't need that many people, but you need good people in the beginning. The core people in your business, they need to be built and they need to be hand-selected by you. [43:45]

Guest Bio:

Sam Chang is a serial entrepreneur who started his journey as a door-to-door meat salesman in college. After making nearly $2000 on his fourth day on the job, Sam decided to drop out of school and work with a door-to-door sales company. While he was there, he helped grow that team from 25 agents to 300 agents selling for one of Canada’s largest telco. Since then Sam has helped scale companies of all industry types and sizes, including the most recent company that he started VTMEMBER in which he scaled it from 0-65k a month in monthly recurring revenue in 6 months.

Sam-Chang-Headshot

If you want to try and scale fast, hire people for help, like for the role that you need before you need it, in a proactive way, rather than the reactive way.

Sam Chang

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