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Build with Leila Hormozi

How I Handled Over 120 Employees at 24 | Ep 134

Build with Leila Hormozi

Leila Hormozi

Education, Entrepreneurship, Management, How To, Business

5867 Ratings

🗓️ 22 April 2024

⏱️ 21 minutes

🧾️ Download transcript

Summary

“Lack of clear expectations leads to assumptions. Assumptions lead to unmet goals.” Today, Leila (@LeilaHormozi) discusses the importance of setting clear expectations in businesses, highlighting the powerful impact on team management and trust-building. She shares insights on scaling businesses, emphasizing the role of core values over rules and demonstrating how a company's vision can be translated into actionable strategies through a hierarchy of expectations.

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:

(0:54) - The four levels of expectations in business

(4:24) - Core values: the foundation of your business

(11:22) - From core values to brand promises

(14:30) - Departmental and role-specific strategies

(18:19) - The importance of role expectations

Follow Leila Hormozi’s Socials:

LinkedIn | Instagram | YouTube | TwitterAcquisition 

Transcript

Click on a timestamp to play from that location

0:00.0

If you can uphold it, which you would never make a brand promise if you cannot, it creates an

0:05.9

immense amount of trust. You literally are setting an expectation and then meeting that expectation,

0:11.4

which then creates trust in the person that you have expressed the expectation to.

0:23.6

How do you create an unshakable business?

0:26.6

I cross $100 million in net worth by the age of 28.

0:29.7

Now I'm growing Acquisition.com into a billion dollar portfolio.

0:33.8

In this podcast, I share the lessons I've learned in scaling big businesses and helping our portfolio companies do the same.

0:35.9

Buckle up and let's build.

0:39.4

When I was 24 years old, I was managing a company that had 120 employees, and I figured out

0:44.3

this one thing that helped me not lose my mind while I was doing it.

0:47.9

And today, what I want to do is I want to share with you that one thing and how you can

0:51.1

implement it in your business to make sure that you also don't lose your business.

0:57.6

What I'm going to do is explain to you the four levels of expectations that you need to understand to grow your business. Here's the thing. The way that I was able to not lose my mind

1:02.0

had nothing to do with like marketing or sales or money or any of that stuff. It had to do with

1:06.4

understanding how to manage large groups of people. And the one thing I realized it made the most

1:11.6

difference was learning how to set expectations. You can swap out the word expectations for

1:16.9

instructions. Think about it. If you are the coach of a giant sports team, if you're leading the

1:22.0

NFL, but you give them instructions as to how to play the game, do you think they're going to win or

1:27.2

lose?

1:31.5

The same goes for building a company. It's the same thing. You are essentially the leader.

1:36.0

You are giving them instructions of how to play the game. And so expectations are really the verbalization of how someone should act and what they should do. So let me give you an example

1:42.7

to exemplify the difference in a verbal

...

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