Conquering "Business Overwhelm" | Ep 34
Build with Leila Hormozi
Leila Hormozi
5 • 867 Ratings
🗓️ 4 May 2023
⏱️ 12 minutes
🧾️ Download transcript
Summary
“You're not letting yourself see the gap that is actually needed to fill the business." Today, Leila (@LeilaHormozi) shares with us the importance of accountability and the inverse correlation between overwhelm and accountability in running a successful business. She also shares her experience of struggling with overwhelm & provides mindset and tactical shifts that helped her hold people accountable and drive a high-performance team.
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:
(1:44) - Overwhelmed entrepreneurs hold people less accountable.
(2:56) - What happens when you don't hold people accountable?
(5:47) - What true accountability looks like.
(8:34) - Belief: I may not have set expectations correctly.
(9:13) - Not holding people accountable harms company and culture.
(10:38) - Holding people accountable is part of the job.
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Transcript
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| 0:00.0 | Instead of coaching that person, telling that they're not meeting expectations, you are just |
| 0:04.5 | going in and doing it without saying anything. |
| 0:06.5 | You're just like letting it happen. |
| 0:12.0 | How do you create an unshakable business? |
| 0:14.6 | I cross $100 million in net worth by the age of 28. |
| 0:17.6 | Now I'm growing acquisition.com into a billion dollar portfolio. |
| 0:22.0 | In this podcast, I share the lessons I've learned in scaling big businesses and helping our portfolio companies do the same. |
| 0:26.5 | Buckle up and let's build. What is up? Today what I want to talk about is the inverse correlation |
| 0:33.2 | between overwhelm and accountability and how that is probably what is preventing you from getting |
| 0:37.5 | from seven to eight figures. This was top of mind for me because the other day, you know, Alex and I |
| 0:41.8 | live in a building and we meet people all the time. And so we were in the elevator and we, you know, |
| 0:46.8 | asked somebody for their number and said, you know, do and your wife want to go grab dinner |
| 0:49.8 | some time? And that person immediately when we texted them shot us down and the reason was you know they're |
| 0:56.3 | like I'm just too busy you know I have my business and I just got a ton going on and I immediately was |
| 1:04.0 | like this guy's got to be doing like two to five million per year because only someone whose business |
| 1:10.2 | is still that small would |
| 1:11.2 | say something like that. And I know that because in the first couple of years that we started |
| 1:16.1 | gym launch, because I did not know how to truly hold people accountable and I didn't know |
| 1:21.5 | how to run a business well, I had a lot of overwhelm, which resulted in no social life because |
| 1:26.5 | felt like had no time. What it was is I actually had no attention. And so I see that a lot of overwhelm, which resulted in no social life because felt like had no time. What it was |
| 1:28.3 | is I actually had no attention. And so I see that a lot in other people who are around the, I want to say, |
| 1:33.2 | like, 2 to 8 million. And it's really typical. And if you go to the root of this, it typically |
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