I started doing my free Online Strategy Roundtables for entrepreneurs in the fall of 2008. Over this time, the series has developed into a trusted forum where entrepreneurs come for serious, no-nonsense feedback on their business strategy. This morning, at 8 a.m. Pacific, I worked with four entrepreneurs: >>>
In case you missed it, here is the recording:
Today’s roundtable is starting in 30 minutes, at 8 a.m. PST/11 a.m. EST/8:30 p.m. IST. Click here to join in.
Caprice Young is the president and CEO of KC Distance Learning and was formerly vice president of business development and alliances of Knowledge Universe. Prior to joining KU in September 2008, Caprice was president and CEO of the California Charter Schools Association. From 1999–2003, Caprice served as a member and president of the Los Angeles Unified School District Board of Education. She serves on numerous boards, including the Governor’s Advisory Committee on Education Excellence, the Chime Institute, and the National Alliance for Public Charter Schools. She is a recipient of the Coro Foundation Crystal Eagle Award for Achievement in Public Service. Caprice earned her bachelor’s degree from Yale University, her master’s in public administration from the University of Southern California, and her doctorate in education from the University of California, Los Angeles.
SM: Caprice, first let’s talk about your background. Where are you from?
CY: I am a sixth-generation Californian. I was raised in a foster family where my parents were the foster parents and I was one of the biological kids in the family. I have one biological brother and three adopted siblings; two sisters and a brother. >>>
SM: I talk to a lot of SaaS companies and have noticed that there is a big trend in terms of near-shoring. A lot of companies are moving to affordable areas such as Montana, Wyoming, and Tennessee. You can get good labor arbitrage within the United States.
RR: We do have a second sales center in Virginia. Most people do not inherently think that provides us a savings; however, in Virginia you can move further west and get into low-cost areas. >>>
Many of the companies I work with have asked to know my workflow to make it easier for them to pitch me and get coverage on my platform. So here it is: >>>
Sramana Mitra’s next free online strategy roundtable for entrepreneurs will be held on this Thursday, March 25, 2010, starting at 8 a.m. PDT/11 a.m. EDT/8:30 p.m. IST. You can find more details and register here. Please join us and let other entrepreneurs know!
SM: Aside from educating your potential customers, what else governs your growth?
RR: We are a very profitable company. Our guidance for 2009 is an 18% operating margin. We have delivered a balanced growth and profitability model to our investors. I could take profitability down to zero and put that money into sales and marketing to make us grow faster. >>>