Business School with Sharran Srivatsaa

Episode 40

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Published on:

2nd Mar 2021

From a 60K Real Estate Flip to Over 170,000 Units with Jerry Fink

How do you grow your business? What are the steps you should take? Learn these and more from Sharran’s guest Jerry Fink, managing partner at The Bascom Group, a private equity firm. In today’s episode, Jerry shares his journey from starting with just one small deal to becoming the successful entrepreneur that he is now. He takes us through the lessons he learned along the way and gives tips on how we can do the same.

“Learn the market first, start small, get that deal, and put together a business plan.”

- Jerry Fink

Timestamps:

0:00 Sharran introduces today’s guest

1:19 How Jerry started with real estate

8:15 Unconventional means to get funding

12:29 Finding something in your backyard

14:29 What metric should you look for in a business plan

16:51 Looking at macro trends in housing

22:49 Always go back to your business plan

27:48 Jerry’s outlook for the future

31:45 Bascom’s playbook

41:49 Jerry’s tips to stay sharp and in shape

45:59 Lessons learned from Jerry’s experience

Resources:

- Grab Sharran’s 4-Week MBA for Free

Connect with Jerry Fink:

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About the Podcast

Business School with Sharran Srivatsaa

Business School is hosted by Sharran Srivatsaa, President of Real (TSX: REAX) (NASDAQ: REAX), the fastest-growing, publicly-traded, real estate brokerage in the world. Sharran grew Teles Properties by 10x in 5 years to $3.4 Billion in sales and eventually sold the business to Douglas Elliman. Sharran is also an accomplished “deal guy” and private equity investor. He is the Chairman of private equity firm Highland Prime which focuses on investing in service-businesses and also the Chairman of ARC Multifamily Group which focuses on value-add multifamily investment projects.

Sharran is a former Goldman Sachs and Credit Suisse banker and a sought after keynote speaker and is the creator of the wildly-popular 5am Club call for Entrepreneurs.

On this podcast, Sharran shares his best secrets on how to grow your business strategically, how to build your brand elegantly, most importantly integrate the profits in your business with an overall joyful life.

For more free resources visit Sharran.com

About your host

Sharran Srivatsaa

Sharran is a serial entrepreneur, sought after keynote speaker, and a respected thought-leadership resource for publications such as the Wall Street Journal, SUCCESS magazine, Huffington Post and Forbes.

While Sharran has had 5 exits in the last 19 years, and also a several humbling failed investments and business initiatives. He talks all about them on his top rated Spotify podcast, Business School.

Most recently, Sharran led Teles Properties’ unprecedented 10x growth over 5 years and a 4-year consecutive streak on the Inc. 500 fastest growing companies list resulting in its acquisition by national real estate powerhouse Douglas Elliman.

Prior to Teles, Sharran worked at both Goldman Sachs and Credit Suisse, where he collaborated with management teams of fast-growing businesses around the country on investment advisory and corporate strategy. Sharran also spent several years building recreational programs in the Caribbean, Middle East, and Hawaii for some of the finest international resorts such as the Four Seasons and Ritz-Carlton, also has deep experience working with technology companies such as Lightera (acquired by CIENA) and Obopay, a fast-growth mobile payments company.

Sharran is a Principal at Srilo Ventures, a multi-factor private investment fund that focuses investing in and advising technology companies and operating businesses in the consumer space. Having successfully completed many acquisitions, joint-ventures, management buyouts, mergers, and capital raises, Sharran serves as a director and advisor on numerous company boards.

He is also a member of the Genius Network, the highest-level marketing mastermind in the world led by whizkid Joe Polish, and also a member of Young President’s Organization (YPO).

After competing on the professional tennis tour, Sharran received his Bachelor’s degree in Computer Science from Luther College and his MBA with Honors from Vanderbilt University.