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 118: First Week of a New CEO
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What's the first thing you would do if you get appointed as the new CEO of a company? How would you spend your first week? In this episode, Sharran shares the story of one of their partner companies which he helped grow 4X in 3 years, and how they hired a new CEO for the company. So get ready to hear the behind-the-scenes of how Amanda, the new CEO, spent her first week and what she did after. Sharran and Amanda prepared five questions to ask each team member. You can use the same questions for your team or tweak them accordingly. Now, let's hear Amanda's story.
If you are interested in other stories like this, go to HIGHLANDPRIME
“Good process drives good results.”
- Sharran Srivatsaa
Timestamps:
00:00 Something that no one will tell you about
01:46 Here's a quick background
03:31 Taking a chance on a first-time CEO
04:27 What Sharran asked the new CEO
05:41 What Amanda committed to doing on her first week as the new CEO
06:55 How did Sharran and Amanda come up with the questions to ask each team member?
08:33 Question #1: Teach me something
10:21 Question #2: What do you love about the company or your role?
11:21 Question #3: What happens before you and after you?
14:10 Question #4: What is the one goal of the company that you feel good about? (THIS is actually a trick question!)
15:54 Question #5: If you were the CEO for a day, what would you do, assuming you have an unlimited budget?
17:10 Recap of the five questions and what Amanda did after
18:03 Two important lessons from this episode
Resources:
- Sharran's Partnership Program
- Grab Sharran’s 4-Week MBA for Free
Connect with Sharran:
- YouTube