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Build with Leila Hormozi

Finding Success in the Unconventional (on Behind the Brand) Pt.2 - March ‘23 | Ep 98

Build with Leila Hormozi

Leila Hormozi

Education, Entrepreneurship, Management, How To, Business

5867 Ratings

🗓️ 14 December 2023

⏱️ 36 minutes

🧾️ Download transcript

Summary

“I don't want to play a game where I think I'm going to fail.” Today, join Leila (@LeilaHormozi) as she guests on Behind the Brand with Bryan Elliot to share various aspects of business, from concepts of prioritizing and caring for people, examination of different business strategies to the importance of well-suited partnerships. She also shares her insights on business acquisitions and investing in businesses and emphasizes the importance of character, dedication, and efficiency in business operations. This is part 2 of the interview.

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 Bryan Elliot on:

Instagram | Spotify | Apple | LinkedIn

➤ Check out full episode on YouTube!

Timestamps:

(2:03) - Challenges faced in managing a gym business

(5:08) - Role in strategy and preference for simple businesses

(11:18) - Mutual respect and trust in decision-making process.

(14:38) - Consensus and respect to avoid division and resentment.

(19:37) - Need for legal team due to increasing investment percentages.

(24:54) - Assisting companies with strategy improvement and network utilization.

(32:37) - Expressing the goal of helping as many good companies as possible

Follow Leila Hormozi’s Socials:

LinkedIn | Instagram | YouTube | TwitterAcquisition 

Transcript

Click on a timestamp to play from that location

0:00.0

If you care about the people, if you prioritize them, if you take care of them, if you do right

0:03.0

by them, if you bring people in and genuinely show concern for what they think, what they feel

0:07.8

and their opinions, then I think you're golden.

0:15.3

How do you create an unshakable business? I cross $100 million in net worth by the age of 28.

0:21.4

Now I'm growing acquisition.com into a billion dollar portfolio. In this podcast, I share the lessons I've

0:25.7

learned in scaling big businesses and helping our portfolio companies do the same. Buckle up and

0:30.5

let's build. See, you've got the gift, too.

0:37.8

That's a skill to be able to look past what's happening right in front of you and extrapolate that and make a forecast.

0:46.5

So you must be an extremely good judge of character.

0:49.7

I'm extremely good judge of people.

0:52.0

Yes, I will say that's the one thing. I feel confident in my

0:54.8

skill. That's a gift. Not everyone has that. And I think if you have that in a partner,

1:00.6

you know, romantic partner, business partner, I mean, that's, that's everything, Leila. It's like,

1:05.5

and I can't speak from a woman's perspective, but from a man's point of view, if my partner says that to me, it's like nothing else matters.

1:14.7

I can conquer the world.

1:16.6

I will, you know, crawl across a mile of glass to get to the desk.

1:21.2

I think if you say that to me, it's like, let's go.

1:25.9

Yeah.

1:26.6

Yeah.

1:33.7

I think, you know, from that point on basically it was six months of we made it work we were able to pay off the mx but what happened eventually was i so i would

1:41.7

like manage the back end for everything still because we didn't really have any employees besides salespeople.

1:45.7

So it's like all the billing, all the customer service, like all that stuff.

...

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