7 Critical Lessons from 10 Years Of Business | Ep 189

Build with Leila Hormozi

Leila Hormozi

Education, Entrepreneurship, Management, How To, Business

5 • 867 Ratings

🗓️ 2 October 2024

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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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

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0:00.0	I achieved $100 million net worth by the age of 28, and I currently run a $500 million portfolio.
0:05.5	And in this video today, I want to share with you a decade of business advice that allowed me to achieve those things.
0:10.5	Hot take. If you are catching up Monday morning from the weekend, you are already behind.
0:15.4	The top CEOs prepare before the week. If you are trying to prepare when you are in a mode of execution, you're already
0:22.6	behind the ball. How do you expect to make millions of dollars if you haven't mastered using a calendar?
0:28.5	The people who get ahead in life, they don't wait for life to happen to them. They plan for how
0:33.5	every moment of every day is going to go because they want to make sure they get the most out of
0:37.9	every day because they know how valuable their time is. I had a portfolio CEO. He came to me and he was like,
0:43.9	Layla, I am drowning. I feel like I have fires coming at me every day and I don't know what to do.
0:49.8	And I said, the first thing I need to do if I want want to be able to help you, is I got to look at your time. Where is this person putting their time?
0:55.3	Because where your attention goes is where your business is going to grow.
0:57.9	He did what I call a time study.
0:59.4	Basically documents what he does with every hour of his day.
1:02.0	And when I looked at it, I was like, no wonder you feel like shit because you're constantly
1:07.8	using Mondays to catch up from the weekend. What he was doing was that he had
1:11.9	no time spent planning. So he was constantly running the company on reactive mode. If you don't know
1:18.4	how to manage your time, then you can't manage yourself. And if you can't manage yourself,
1:22.6	you certainly can't manage a company. I mean, it sounds simple enough, but like a lot of people don't do it.
1:27.0	I get this.
1:27.8	When I first started, I remember this distinct moment when I was sitting on my couch and I just had
1:33.8	this overwhelming feeling of not wanting to do what was on my calendar. What I recognized in that
1:39.5	moment was that if I don't have somebody else telling me what to do, I need to be able to rely on myself
	...

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