We had the pleasure of sitting down with the inspirational Entrepreneur behind one of Dubai’s business stars, Xcel Accounting, Simran Samtani.
Mompreneurs WW: Tell us about your company.
Simran: Xcel Accounting is a 15-year old dubai based boutique accounting firm.
Believe in a “Win-Win” Approach. Our goal is to educate business owners to use outsourcing as a strategy to reduce cost, enhance competitive advantage and optimize performance.
We believe in going beyond numbers. We do this using proven & tested methodologies. We are Certified Value Builder & also Certified Profit First Professionals & believe in impacting Growth & Profitability.
We at Xcel Accounting help business owners build an accounting & financial infrastructure & incorporate business strategies that improve their effectiveness and efficiency.
Mompreneurs WW: How did the idea of starting it come about and who inspired you?
Simran: Our company was founded by my husband when he wanted to move away from the corporate world & work for himself. Whilst I helped co-found it, I continued working in the corporate world. I was very reluctant to give up my day job because of security reasons. It was a speaker at one of the seminars that I attended, a speaker asked a question “In your death bed, would you wish you spend more time at your work or with a loved one”? I had recently lost my father & had absorbed myself more into my work space to escape from dealing with my emotions. This shifted my perspective & I put in my papers the next day.
The inspiration of committing to our business & building it has come from many sources – books, seminars, mentors, masterminds.
Mompreneurs WW: What is the best part of what you do and the toughest?
Simran: The best part of what I do & why I do it is to be the “wind beneath the wings” for entrepreneurs.
The toughest part for me is the & uncertainty & “keeping the faith over fear” in the bigger vision in such times requires a lot of self-motivation.
Mompreneurs WW: How do you juggle work and life balance?
Simran: I believe more in work-life harmony more than balance. Working with my husband does create home & work overlapping at many times. But entrepreneurship also gives us the flexibility of prioritizing one over the other. There are times with elderly parents needing us back home. It is easier & a priority that one of us can be there for them knowing that the other partner can handle things at work. This has been huge for us in the last couple of years. It’s about bringing your best self in any situation & managing energies. We may decide to work weekends & on days that things are not working how we want it, step away for a leisurely lunch or movie or go for a drive. It’s a thin line. I have found that integrating things that you love & bring you joy in our daily routine is the key to harmony. Self-Care is a big part of that.
Mompreneurs WW: What’s a book you always recommend and why?
Simran:E-Myth Revisited – This book is a simple read but highlights a very important point of working “on” your business versus ‘in” it & how systemizing your business is a key element in scale-up. This shifted our perspective & we now have a system-driven business. I always keep a few copies handy with me to gift new entrepreneurs.
Mompreneurs WW: What advice would you give a Mompreneur who was just starting out?
Simran: Entrepreneurship is a journey & not a destination, so it’s very important to enjoy the journey. Do what you love & delegate/outsource the rest. Managing energy is most important, so fill your space with people, things & activities that pull you up. It is lonely at the top & hence finding mentors & being part of masterminds are two things I would highly recommend.
Mompreneurs WW: Your favorite quote is…
Simran: “Success is not to be pursued. It is to be attracted by the person you become” – Jim Rohn