524: Micromanage the Process Not the Person - Sharat Potharaju

How does one navigate the shift from the structured world of investment banking to the tumultuous seas of entrepreneurship, where leading with purpose and empowering teams is the new compass for success?In this episode, Denis welcomes Sharat Potharaju, the co-founder and CEO of Beaconstac, responsible for crafting the overall strategy and execution. Sharat shares his journey from investment banker to entrepreneur. He explores how leadership has changed in the wake of a new era focused on purpose-driven leadership and empowering employees to make decisions. Sharat discusses the highs and lows of becoming an entrepreneur, how to create impact, and how sports can shape their respective paths. Additionally, he talks about how the idea of leading a team with a shared goal inspired them to become entrepreneurs. Tune in for inspiring stories on entrepreneurship, leadership, and sports, aiming to help you understand what it takes to succeed in this ever-changing world.In this episode:Sharat Potharaju shares his background and how he transitioned from investment banking to entrepreneurshipSharat talks about the highs and lows of entrepreneurship and how it can be compared to sports and politicsHow leadership can be impacted by experience and knowledgeBeaconstac: a growth-stage SaaS company that bridges the physical and digital worlds with mobile devicesMain takeaways:Being an entrepreneur gives you a sense of purpose and excitement, and leaders should empower their people to make decisionsLeaders need to understand their why and purpose to stay motivatedLeadership is about taking people on a journey and motivating them to achieve something larger than lifeExperience is no longer the parameter by which you decide how a person should leadLeaders need to acknowledge the ever-changing world and prioritiesEmployees want to be heard and involved in decision-makingQuotes:"If you want to be able to create something much larger than life, then the only way you'll be able to do that is to take a larger set of people apart from yourself on that journey. And that, in many ways, is leading a team or leading a set of people." - Sharat Potharaju"Entrepreneurship is almost like a lifestyle change. There's no longer a church and state separation. There is nothing called personal life and work life." - Sharat PotharajuConnect with SharatLinkedIn:  https://www.linkedin.com/in/sharatpotharaju/ Twitter: https://twitter.com/pothash Website: www.Beaconstac.com  Connect with Denis: Email: denis@leadingchangepartners.comWebsite: http://www.leadingchangepartners.com/Leadership Is Changing Facebook Group: https://www.facebook.com/groups/LeadershipIsChanging/Leadership is Changing LinkedIn Page: