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Build with Leila Hormozi

5 Hiring Mistakes That Kill Growth | Ep 178

Build with Leila Hormozi

Leila Hormozi

Education, Entrepreneurship, Management, How To, Business

5867 Ratings

🗓️ 4 September 2024

⏱️ 18 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.

Want to scale your business? Apply for one of our scaling workshops here: https://www.acquisition.com/podl

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Transcript

Click on a timestamp to play from that location

0:00.0

What I want to talk about today is I want to tell you guys a little story because the last three days,

0:06.6

I've had a lot of interviews and a lot of, you know, coaching our portfolio company CEOs on.

0:11.9

So their interview processes with roles that maybe like they're not equipped with or they've never hired for before, like they don't know what that role does.

0:18.5

And so we're going to get tactical today and I want to break down, you know, some of the stuff that, you know, I know it's not sexy

0:24.1

and I know it's not, you know, like, it's the new marketing hacker, this or that. And I always feel

0:27.9

so lame talking about hiring, honestly. It's so struggled with the beginning. And because of that, it really led to a ton of mistakes in the business.

0:41.2

And I just, just don't want other people to make those fucking mistakes because they suck.

0:45.6

And so I'll tell you the story, which is, you know, when we were growing gym launch,

0:48.9

in the beginning, I was over all the hiring. And so I was over HR. I was over the hiring. I was super involved in all the

0:54.8

interview processes. And it got to a point where we grew really quickly, you know, I think the

0:59.1

first year we did, and I'm not the number of first. I think it was the first year, 17 million or 25 million.

1:03.5

I don't remember. That was the first or the second doing. And because of that, you know, we're scaling and people are saying like Layla, like you really

1:14.7

need to let go up hiring. Like you can't be this involved in the process. You know, you're just so

1:18.7

busy. You have so much on your plate. You know know what I mean? Like I was like, you know, all these people,

1:27.7

like, they're more experienced than me. And, you know, they have a track record and I don't. And I'm

1:32.0

just like this inexperienced person who's never even managed a human in my life. So like,

1:35.7

I should listen to them for sure. And everyone said. And I think what was missing in that piece of advice was it wasn't like ill intent by anyone telling me that.

1:49.0

It was that there's a lack of context and nuance, which is if I'm not involved in the hiring process,

1:54.1

and I'm the most, I am out of the whole business, the most potent source of, you know, culture, values, etc.

1:58.9

I know what we need more than anybody. And there's a lot

2:01.0

of inexperienced people on the team. Isn't the right idea to delegate that to them? Well,

2:05.3

probably in that situation, the answer is no. And so I didn't know that. And there was no context

...

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