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
https://www.sharran.com/podcast/
episode 200: The Cost of Success
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What do you really want to achieve in life? Are you willing to pay the price to get it? Do you understand the cost of success?
Sometimes, you get frustrated when you fail to achieve your version of success. But maybe it's because you have yet to fully understand that success means giving something up to get what you want. That's how you keep the "karmic balance" at work.
In this episode, Sharran takes you behind the scenes of the three filters he uses to understand every single opportunity. Understanding these three things is the biggest difference between the rich and the rest, or those who are successful and those who are not.
Do you want to have anything in life? Then, make sure you fully understand that success has a cost, and it can be any of these things: Opportunity cost, capability cost, or unique ability cost.
“Success loves speed, and delay kills deals.”
- Sharran Srivatsaa
Timestamps:
01: 53 THIS is the biggest difference between the rich and the rest
04:10 What do you really want to achieve?
04:52 The three costs of success
05:19 What is opportunity cost?
06:41 What is BATNA, and how do you use it in making decisions?
09:10 What is capability cost?
10:59 How do you acquire the skill you need?
14:29 Are you acquiring the skill or hiring the skill?
14:56 What is unique ability cost?
17:42 What would you do to pay to only work in your zone of genius?
20:34 Recap of the cost of success
22:22 How does "karmic balance" work?
Resources:
- The 5am Club - https://sharran.com/5amclub/
- Join the 10K Wisdom Private Partner Podcast, now available to you for free - https://www.highlandprime.com/optin-10k-wisdom
- Join Sharran's VIP Community - https://sharran.com/vip/
- The Real Brokerage - https://www.joinreal.com/
- Top Agent Power Pack - https://sharran.activehosted.com/f/121
- The Job of a CEO - https://www.highlandprime.com/download-job-of-ceo
- ARC Multifamily Real Estate Investing - https://arcmf.com/
- Sharran's Partnership Program - https://www.highlandprime.com/
- Grab Sharran’s 4-Week MBA for Free - https://sharran.com/4weekmba/
Connect with Sharran:
- Facebook - https://www.facebook.com/likesharran
- Instagram - https://www.instagram.com/sharransrivatsaa/
- Twitter - https://twitter.com/sharran
- LinkedIn - http://www.linkedin.com/in/sharran
- YouTube - https://www.youtube.com/channel/UCzpl_gT1bVB1iNZl9yQbWuA/videos