5 • 867 Ratings
🗓️ 6 July 2023
⏱️ 26 minutes
🧾️ Download transcript
"You're letting fear dictate your thoughts and your feelings.” Today, Leila (@LeilaHormozi) shares insights on her journey from starting a personal training business to building a successful company. She discusses the importance of emotional discipline and competence hierarchy in entrepreneurship.
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:
(2:17) - Value first, money secondary, matching both
(6:47) - 4 stages: Wantrepreneur, Starter, Producer, Master
(12:16) - Effort decreases with experience
(17:12) - Accept negative feelings as normal, it’s part of the journey
(20:13) - Consistency in discipline leads to consistent business results
(24:45) - Focus on one thing, tactical download for improvement
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0:00.0 | If they have different values than you, then they will use different skills to accomplish the goal. |
0:05.0 | And they might be skills and they might be tactics that you might not like and you might not |
0:09.3 | jive with. |
0:15.0 | How do you create an unshakable business? I cross $100 million in net worth by the age of 28. |
0:20.6 | Now I'm growing acquisition.com into a |
0:22.4 | billion dollar portfolio. In this podcast, I share the lessons I've learned in scaling big |
0:26.4 | businesses and helping our portfolio companies do the same. Buckle up and let's build. |
0:35.6 | When I first started my personal training business, like, honestly, there was no, like, |
0:41.0 | I had, like, an end goal, which was like I want to have a business in fitness. |
0:44.4 | I didn't know what that was going to look like, and this was, like, the easiest step to get |
0:48.0 | there. |
0:48.3 | Like, I already knew how it worked. |
0:50.1 | I had been a personal training client of, like, multiple different people I'd worked, |
0:53.3 | and I'd been on, like, on like multiple different like teams and stuff. So when I was competing. And so for me, |
0:59.6 | it was like I knew how it worked. I could do it. I had the qualification. So it was like the most |
1:04.1 | logical next step in terms of like maximizing my skill set at that point in time. So that's why I did it. |
1:10.8 | Obviously you can make money |
1:11.8 | doing it. Is it the best skill or the best vehicle for making money? Like, no, it's like low leverage because |
1:17.8 | like I was giving people meal plans and giving people workouts. Like there was not all the apps and |
1:21.8 | everything there were today. So it was like literally writing it every week and doing the check-ins and |
1:26.0 | like having them send videos back and forth. |
1:28.2 | There was no app or anything to facilitate any of that. |
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