Episode 182

full
Published on:

21st Nov 2023

How to Build a System

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Building a system is vital to taking your business to the next level. Systems are the building blocks of any company, providing structure and ensuring smooth operations. They also offer guidance to doing things efficiently and effectively. But building a system is not just for business owners. Most of us have a system for doing things in our personal life. However, not everyone has clearly defined systems. Others might also feel overwhelmed by the idea of creating a system. 


No need to worry because in this episode, Sharran generously shares the blueprint for creating joyful and profitable systems in your life and your business. He discusses the four foundations of an effective system with an example and the lessons he learned. Think of this episode as a masterclass in building systems. Enjoy listening!



“A good system is something you can predictably reutilize and also transfer and teach to someone else. If you don't have a system, you can't teach somebody else.”


- Sharran Srivatsaa


Timestamps:

02:01 Two good reasons to listen to this episode

02:28 Three things that Sharran will discuss today

03:54 Here's a powerful quote by Michael Sheargold

06:12 The four foundations of a good system

06:26 Foundation #1: A good system is intentionally designed

06:55 Foundation #2: It has a specific result

07:36 Foundation #3: There has to be a proven process around it

08:02 Foundation #4: You need to have a feedback loop 

08:46 What is the Deal of the Week System?

12:54 Lesson #1: Upgrade your system every day

14:11 Lesson #2: You should name your system

15:24 Lesson #3: Create a visual for your system

17:20 Lesson #4: Think about the learning dogma 

18:55 Grab this valuable gift from Sharran: https://www.highlandprime.com/download-job-of-ceo

19:26 Three things you need to remember



Resources:

- Deal of the Week System

- The Job of a CEO

- The Real Brokerage

- Top Agent Power Pack

- The 5am Club

- Join the 10K Wisdom Private Partner Podcast, now available to you for free

- Join Sharran's VIP Community

- ARC Multifamily Real Estate Investing

- Sharran's Partnership Program

- Grab Sharran’s 4-Week MBA for Free


Connect with Sharran:

- Facebook

- Instagram

- Twitter

- LinkedIn

- YouTube

Listen for free

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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

Profile picture for Sharran Srivatsaa

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.