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Build with Leila Hormozi

5 Mistakes New Leaders Will Make & How To Avoid Them

Build with Leila Hormozi

Leila Hormozi

Education, Entrepreneurship, Management, How To, Business

5867 Ratings

🗓️ 23 August 2024

⏱️ 26 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.

Follow Leila Hormozi’s Socials:

LinkedIn | Instagram | YouTube | TwitterAcquisition 

Transcript

Click on a timestamp to play from that location

0:00.0

What's up, guys? Welcome back to build. Today, what I want to talk about are mistakes that new leaders make.

0:10.2

So, whether you are a first time new leader and you are leading your company for the first time,

0:15.5

whether you are a new leader of a department, maybe you got a promotion, and you are doing this for the first time,

0:20.9

this episode is for you. So this was really top of mind for me because in my company,

0:25.8

we are scaling super fast and we have created basically an entirely new level of leadership

0:31.6

just in the last four to five months. And so what I've observed is all these mistakes that so many of my leaders are

0:39.0

about to make or possibly making, and I have dealt with them in the past when I was building my

0:44.3

first company, my second, my third. What I've realized is that these are mistakes that all new

0:49.2

leaders make. And if you know what they are, then you can avoid them. And so my goal is that by the

0:53.1

end of this episode, you know what those mistakes are and you can avoid them. And so my goal is that by the end of this episode, you know what those mistakes are,

0:55.7

and you can avoid them so you don't have to go through the same pain that I incurred.

1:00.0

Let me know what you think and enjoy the show.

1:02.5

The thing that's been top of mind for me has been mistakes that less experienced leaders make when scaling.

1:09.3

And the reason it's relevant for me

1:11.0

is because it's not just happening in my own company

1:14.0

at Acquisition.com,

1:15.3

but it's also happening within multiple portfolio companies

1:17.8

that I have.

1:18.4

And I'm lucky because I've dealt with it before,

1:20.7

because Jim Launch, our company went from zero to seven million

1:25.2

to 27 million to 36 million to 50 million. So like that's a very

1:30.0

steep growth trajectory. And when it was happening, I thought that everything was fucked up and

...

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