Success Secrets From A $3B CEO - Sharran Srivatsaa | Ep 213
Build with Leila Hormozi
Deep Dive
What is the common myth about entrepreneurship that Sharran Srivatsaa wants to dispel?
The myth is that hustle and grind alone work. While you need to work hard, the key is to see results and have small wins to maintain motivation and momentum.
Why is sequencing important in business?
Sequencing is crucial because working hard on the wrong things can lead to a lack of momentum and stress. Correct sequencing ensures that each step builds on the previous one, making the overall process more effective and less frustrating.
What is the 'Do Better Question' and how does it work?
The 'Do Better Question' is asking yourself what one thing you can do better tomorrow. This helps you focus on tangible, daily improvements rather than vague, long-term goals.
What are the top three things Sharran Srivatsaa does to manage stress?
1. He creates tomorrow today by planning the next day’s tasks every night. 2. He uses time blocking to manage his schedule and commitments. 3. He has a rule of 'okay to suck, but not okay to skip,' ensuring he always makes progress, even if it’s small.
What is the '5am Club' and how did it start?
The '5am Club' is a daily 5-minute call at 5 a.m. Pacific time that Sharran started as an accountability group to help him wake up early for health reasons. It has now grown to include thousands of entrepreneurs, including billionaires and politicians.
How does Sharran approach setting priorities in a large company?
He focuses on thematic weeks related to growth, culture, and influence. He also uses a review-preview process at the end of each week to assess the past week and plan for the next two weeks, ensuring he stays aligned with his goals.
What is the 'Learning Dogma' and how does it apply to business?
The 'Learning Dogma' states that you learn once by discovering something, twice by teaching it, and forever by documenting it. In business, this means creating frameworks and systems to ensure knowledge is retained and can be shared effectively.
Why does Sharran believe in thematic decades?
Thematic decades help you focus on specific goals during different stages of your life. For example, Sharran focused on proving himself in his 20s, health in his 30s, and mastery in his 40s. This approach helps recalibrate and stay on track with personal and business growth.
What role does support play in Sharran's business success?
Support is crucial. Sharran emphasizes being deeply honest with his support system, including his family, about his work and priorities. This honesty prevents misunderstandings and ensures everyone is aligned and supportive of his goals.
What is Sharran's rapid fire answer for the most important aspect in business: culture or strategy?
Culture.
What is Sharran's approach to mentorship and why does he prefer 'sniper mentors'?
Sharran prefers 'sniper mentors'—experts in specific areas who can provide targeted advice and support. He offers them a retainer as a symbol of seriousness and commitment, which helps build a strong, focused mentorship relationship.
How does Sharran manage email and meetings?
Sharran manages emails in 10-unit blocks, addressing a small, manageable number at a time. For meetings, he starts with an email and only moves to a meeting if necessary. This approach keeps his schedule efficient and avoids unnecessary meetings.
- Hustle and grind is ineffective without small wins and progress.
- Burnout stems from a lack of wins, hindering further effort.
- Momentum is crucial for sustained motivation.
Shownotes Transcript