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Build with Leila Hormozi

99% of My Time Goes to This One Skill | Ep 153

Build with Leila Hormozi

Leila Hormozi

Education, Entrepreneurship, Management, How To, Business

5867 Ratings

🗓️ 26 June 2024

⏱️ 28 minutes

🧾️ Download transcript

Summary

“How can I be someone of such character that I earn the respect of other people of high character?” Today, Leila (@LeilaHormozi) underscores the importance of effective leadership, trust, and harnessing discretionary effort in fostering a high-performing team. She shares the key principles of investing in team members, inspiring dedication, and cultivating an efficient team culture through her actionable advice and personal anecdotes.

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.

Timestamps:

(1:20) - Operationalizing leadership

(2:57) - Discretionary effort: leading by example

(8:13) - The power of belief in your team

(14:40) - Investing in people: a long-term strategy

(21:42) - Having personal accountability

(26:24) - The essence of leadership

Follow Leila Hormozi’s Socials:

LinkedIn | Instagram | YouTube | TwitterAcquisition 

Transcript

Click on a timestamp to play from that location

0:00.0

Sometimes things are going to happen in your business where you can't give somebody the growth

0:03.8

they're looking for. Or maybe they decide they want something that you don't have an opportunity

0:08.3

for that in your business. Or maybe you're not an experienced enough leader that the vision you

0:12.5

have for the business is not big enough to fit their vision they have for themselves.

0:20.7

How do you create an unshakable business?

0:23.3

I cross $100 million in net worth by the age of 28.

0:26.3

Now I'm growing acquisition.com into a billion dollar portfolio.

0:29.5

In this podcast, I share the lessons I've learned in scaling big businesses

0:32.5

and helping our portfolio companies do the same.

0:35.2

Buckle up and let's build.

0:47.4

So last night, I was at a dinner with a group of 10 entrepreneurs, and I want to say most of them are between one to $8 million in revenue. One of them said something to me. He said, you know,

0:53.7

the biggest thing that I

0:54.6

learned coming to one of your workshops and then I was spending more time with you, one of the things

0:59.5

that I walked away with was I actually felt very jealous of you and your team. I was like, what do you,

1:05.3

what do you mean? Because I never heard anyone say that before. And he said, I want to feel the same way, like the same way that

1:12.1

your team reflects you so well and you all work so well together and you all joke together and

1:15.9

you all seem like you generally like being around each other. I want to learn how to do that.

1:20.8

And it's interesting because I think a lot of my channel, a lot of what I talk about is a lot

1:25.5

more tactical around the operations and marketing,

1:28.4

sales, customer success, people, operations, hiring, recruiting, very tactical. And I think the reason

1:35.0

for that is because I have really struggled with how to operationalize leadership and teach

1:41.6

the principles that are actually where I spend 99% of my time.

...

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