Figuring Out on Which Business to Start | Ep 1
Build with Leila Hormozi
Leila Hormozi
4.9 • 1.1K Ratings
🗓️ 17 January 2023
⏱️ 15 minutes
🧾️ Download transcript
Summary
Get the unfiltered memos I send my team as we scale Acquisition.com to $1B+: Leila's Letters
Transcript
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| 0:00.0 | There's a million ways to accomplish your mission, but does the way that I'm being presented |
| 0:04.5 | with or that somebody told me about, does it align with the values? Is it going down the path |
| 0:09.0 | that I've outlined to get to that mission? How do you create an unshakable business? I cross |
| 0:15.3 | $100 million in net worth by the age of 28. Now I'm growing acquisition.com into a billion |
| 0:20.1 | dollar portfolio. In this podcast, |
| 0:22.1 | I show the lessons I've learned in scaling big businesses and helping our portfolio companies do the same. |
| 0:26.9 | Buckle up and let's build. Today, we're going to talk about how to figure out what business to start. |
| 0:35.3 | The reason I want to make this is this is not something I normally talk about. |
| 0:37.8 | In fact, I don't usually talk about how to start a business, but I have so many people coming |
| 0:41.5 | to me with questions of most common question is Layla. I have so many opportunities. There's |
| 0:45.7 | so many opportunities out out there now. How do I figure out which one is right for me? |
| 0:49.6 | And I feel like it's an important enough question that I want to take the time to think about, how do I think these things through? |
| 0:55.0 | So I can share that with you guys so that you can figure it out for yourself. |
| 0:58.0 | And so what I'm going to share with you today is really the process that actually Alex and I |
| 1:03.5 | used to figure out that acquisition.com was the opportunity we wanted to pursue. |
| 1:08.0 | Because I can tell you, there are a million opportunities out there and our list of opportunities in terms of all the different businesses that we could |
| 1:14.1 | start was almost an unending. And so if you don't have a framework around figuring it out, |
| 1:18.2 | it can become very overwhelming. And I completely understand that. So the first point I want to make |
| 1:23.0 | is that when you lack strategy, you have a lot of opportunities. |
| 1:28.3 | Okay? |
| 1:29.3 | So what I mean by that is oftentimes the reason that you're watching this video right now and |
| 1:33.3 | you're thinking, I need to figure out what opportunity to pursue, the issue is that you don't |
... |
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