4 Steps to Mastering Delegation | Ep 197
Build with Leila Hormozi
Leila Hormozi
4.9 • 1.1K Ratings
🗓️ 18 October 2024
⏱️ 16 minutes
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Summary
Get the unfiltered memos I send my team as we scale Acquisition.com to $1B+: Leila's Letters
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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