5 • 867 Ratings
🗓️ 30 March 2023
⏱️ 14 minutes
🧾️ Download transcript
Avoid these bottlenecks and help scale your business! Today, Leila (@LeilaHormozi) shares with us the three reasons companies struggle to scale: communication, motivation, and training. She also emphasizes the importance of effective communication, aligning incentives with behavior, and selling rather than telling when training employees.
Welcome to Build where we talk about the lessons I have learned in scaling big businesses, gaining millions in sales, and helping our portfolio companies do the same. Buckle up, because we’re creating an unshakeable business.
Timestamps:
(2:36) - Entrepreneur’s struggle: communication, motivation, training.
(3:37) - Communication: say, write, reinforce messages.
(7:43) - Motivation: aligned incentives, right people.
(11:23) - Training: sell, create, expose impact.
Follow Leila Hormozi’s Socials:
LinkedIn | Instagram | YouTube | Twitter | Acquisition
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0:00.0 | We think that someone is not motivated because they're not doing their jobs. |
0:02.5 | We're like, oh, they just lack motivation. |
0:04.0 | Like, they're just not right for this team. |
0:06.0 | The reality is, is that most people aren't motivated because you haven't created an environment |
0:10.7 | or the conditions to allow someone to express their motivation. |
0:16.3 | How do you create an unshakable business? |
0:18.5 | I cross $100 million in net worth by the age of 28. |
0:21.6 | Now I'm growing Acquisition.com into a billion dollar portfolio. In this podcast, I share the |
0:26.0 | lessons I've learned in scaling big businesses and helping our portfolio companies do the same. |
0:30.5 | Buckle up and let's build. What I want to share with you today is why you can't scale your business, |
0:37.3 | specifically online business, but this could apply to literally any business that you're thinking about. |
0:41.2 | I just happen to have three that I have built myself that are online businesses, |
0:45.2 | and that is why it's relevant to me. |
0:46.9 | And so the reason I want to share this with you is because I think that this is probably the most painful thing as an entrepreneur, |
0:52.1 | because I think most of us got into this because we want growth, |
0:54.7 | we want progress. And as long as we're making progress, we feel like we're going in the right direction. |
0:58.1 | But when we're not, it feels like crap. And what I've seen a lot of the time is that when people are |
1:02.9 | talking about why they can't scale their businesses, and I say this after coaching thousands of people |
1:06.9 | and also calling myself on my bullshit many times, is that it's never the thing you think it is, |
1:12.2 | right? We tend to point to the things that are comfortable for us to talk about, right? And so for a lot |
1:16.8 | of entrepreneurs, that might be the product, the market, the acquisition, right? But we don't want to |
1:21.8 | point to the things that we're not good at or don't understand, which is people, right? And so that's |
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