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Build with Leila Hormozi

4 Steps to Mastering Delegation | Ep 196

Build with Leila Hormozi

Leila Hormozi

Education, Entrepreneurship, Management, How To, Business

5867 Ratings

🗓️ 18 October 2024

⏱️ 16 minutes

🧾️ Download transcript

Summary

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.

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Transcript

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0:00.0

Today, I'm going to teach you how to do more in four weeks than most people do in four years.

0:05.5

I know this because I built and sold three businesses by the age of 28 leading to $100 million net worth.

0:12.0

And now, by the age of 32, I have a portfolio valued at over $500 million.

0:16.8

And I use these exact principles to scale fast.

0:20.4

You become a multiplier.

0:22.6

And the way to become a multiplier is to learn how to get other people to do things for you.

0:26.6

Most people actually don't know how to delegate.

0:28.6

It's really how much do you delegate and how do you decide on how much you delegate.

0:33.6

Most people lean towards one end of the spectrum or another.

0:36.6

Either you do everything yourself,

0:38.8

or you abdicate responsibility and everyone else does everything. When I was running gym launch,

0:43.7

I had brought in somebody as a leader of a department, and that person was over three, four

0:48.8

very important departments. That person was very smart, very competent. However, he held on so tightly to everything.

0:57.0

And I think he felt anxious handing things off.

1:00.0

He was always worried that people weren't going to do it like he could.

1:02.0

And when he did hand things off, he didn't give them the proper resources,

1:05.0

and then what he was fearful of would actually happen,

1:07.0

which is that they didn't do it as well as he wanted to be done.

1:10.0

He felt like that was a poor reflection on himself. What I noticed is that his departments all moved very

1:15.8

slowly. And so as I see that revenue stagnating, I thought to myself, the problem is probably this

1:21.4

person. Generally, how I rate a manager is if I put them over a department, does it get better or

1:26.4

worse, objectively? And what was

...

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