Finding the Right Partnerships (on Think Media Podcast) | Ep 141
Build with Leila Hormozi
Leila Hormozi
5 • 867 Ratings
🗓️ 15 May 2024
⏱️ 20 minutes
🧾️ Download transcript
Summary
“You have to be honest with yourself, the problem that you've been avoiding (…) that you continue to let year after year or month after month fester, you need to confront it.” Today, join Leila (@LeilaHormozi) as she guests on the Think Media Podcast (with Sean Cannell) to share insights on achieving business success, scaling businesses, and transitioning creators into successful CEOs while emphasizing the importance of strong leadership and strategic partnerships. The discussion also highlights the necessity of building a self-reflective and authentic personal brand, avoiding burnout among content creators, and the role of equitable contributions in successful business partnerships.
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.
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➤ Check out episode on YouTube!
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➤ Instagram, X / Twitter / Facebook / LinkedIn
Timestamps:
(0:39) - The creator's dilemma: from burnout to CEO
(2:16) - Embracing challenges beyond content creation
(5:01) - The art of finding the right business partner
(6:45) - Navigating partnerships and equity in business
(9:11) - The critical role of due diligence in partnerships
(12:15) - Marriage and business: a delicate balance
(14:53) - Confronting partnership challenges in marriage
(18:11) - The power of brand in business and content creation
Follow Leila Hormozi’s Socials:
LinkedIn | Instagram | YouTube | Twitter | Acquisition
Transcript
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| 0:00.0 | If you want to succeed more, you also need to be the type of person who wants everybody else involved with you to succeed more as well. |
| 0:07.5 | And you should be happy giving them more money. |
| 0:09.6 | And if you're not, then it's probably not the right partnership. |
| 0:17.7 | How do you create an unshakable business? |
| 0:20.3 | I cross $100 million in net worth by the age of 28. |
| 0:23.4 | Now I'm growing Acquisition.com into a billion dollar portfolio. |
| 0:26.5 | In this podcast, I share the lessons I've learned in scaling big businesses and helping |
| 0:30.2 | our portfolio companies do the same. |
| 0:32.3 | Buckle up and let's build. |
| 0:38.9 | So this podcast is speaking to a lot of creators that are rarely good at being CEOs. |
| 0:46.7 | And I can imagine us clipping this because one of the most common, if we actually now |
| 0:52.0 | kind of focus on creator businesses, creators that had some |
| 0:56.2 | success on YouTube, they've grown, and then they start getting tired, they start getting burnt out, |
| 1:02.8 | and they lack the skill set of leadership hiring team. If you're coaching a creator that has that |
| 1:09.5 | momentum, I think it was Colin Samir called it an inverted pyramid that also the creator is the business. |
| 1:15.7 | Right. |
| 1:16.5 | And so that individual now, though, but now they're feeling overwhelmed. |
| 1:19.3 | They got all this pressure on them. |
| 1:20.4 | They're trying to keep it up. |
| 1:21.3 | And we've even seen this recent Matt Pat quit YouTube after one of the biggest YouTubers, another six or seven, four million |
| 1:30.3 | subs, seven million subs, mainly being, I can't keep up this pace. |
| 1:33.7 | I'm exhausted. |
... |
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