How Nathan Chan Used Virtual Teams to Smash Foundr Magazine Out of the Park

How Nathan Chan Used Virtual Teams to Smash Foundr Magazine Out of the Park  Want the transcript? Download it here. In this episode, special guest Nathan Chan, who has had the pleasure of speaking with some of the world’s leading and aspiring entrepreneurs, shares his experiences in building and using virtual teams to take Foundr Magazine to the next level.  This episode is full of insights and tips from Nathan on how he has built virtual teams to allow himself to focus on what he really enjoys doing in his business. Some of the areas covered include: What to keep in mind when building a virtual teamThe importance of delegating effectivelyHow to fine tune your processes and why this is so importantEffective communication with your teamThe need for a team or project leader Let us know what your key takeout has been from this episode and join the continuing conversation over in the Virtual Success Facebook Group. In this episode:02:06 – How Foundr Magazine came to life06:00 – What to keep in mind when building a virtual team06:40 – How to delegate07:28 – SOP – Standard Operating Procedure08:03 – Tracking your time09:08 – Be specific in your instructions10:12 – Creating your list11:54 – Creating videos for each task16:35 – Building a virtual team20:02 – Communication with your team22:54 – There needs to be a leader of the project24:22 – Wrapping things up Barbara:  Hey, everyone, and welcome back to another episode of Virtual Success. I’m your host, Barbara Turley today, and I’m not joined today by my co-host Matt Malouf who’s normally on the show with me, but given I’ve just had a baby and Matt has taken on a whole raft of new clients and businesses, and as business goes, schedules are very hard to line up, so I’m doing the show solo today. I’m quite excited because somebody that I have been following online for quite a long time is Nathan Chan, who is the founder of Foundr Magazine, an absolute, amazing magazine for entrepreneur, with a huge Instagram following, and actually where I found Nathan was on Instagram. I’m very excited today to have Nathan on the show to talk about how he’s using virtual teams in his business and has been using them to really scale a fantastic platform, both digitally and internally as well. Nathan, welcome to the show. Nathan:  Thank you so much for having me, Barbara. I also just realized, we have a mutual friend, Yaro Starak. Barbara:  Oh, Yaro. We’ll have to get Yaro on the show actually. Yes, Yaro and I are really good friends, yes. It’s a small world in digital land. Nathan:  Yeah, it is. He’s a great guy. Barbara:  He is, indeed. He is, indeed. Nathan,  I found you probably, I think it was in the early days of when Foundr Magazine kind of first launched, and I did find you on Instagram because you had, you do have an amazing Instagram strategy and it’s something I know that you talk a lot about. Can you tell me a little bit first, just let’s start off with your sort of entrepreneurial journey, the quick two minutes on your background and how did Foundr Magazine come about? How Foundr Magazine came to life Nathan:  Yeah, sure thing. I started it March 2013 while I was working my day job just as a side hustle, passion project. I never thought it would be this big media start-up or any platform or anything of the sorts. Barbara:  Did you just, I love that, so you just started as a sort of a hobby sort of thing and had no plan for this big platform that it’s become. Nathan:  No, not at all. Barbara:  Wow. Nathan:  I launched it while I was working my day job. I was looking for a job in marketing. I even took the first issue of the magazine from my iPad to some job interviews, but no one would hire me. Barbara:  I see. That was a stroke of luck, in hindsight. Nathan:  Yeah. Long story short, I just, I started this magazine. I identified that there wasn’t really a publication in this space that spoke to aspiring and novice entrepreneurs and also young entrepreneurs. We didn’t go print.