How Managing Expectations Can Increase Your Revenue | Ep 85

Build with Leila Hormozi

Leila Hormozi

Education, Entrepreneurship, Management, How To, Business

5 • 867 Ratings

🗓️ 31 October 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

“The average employee is not going to believe that something is important to your company unless they've heard it seven times.” Today, Leila (@LeilaHormozi) shares that effective management and leadership practices, including establishing core values, clear expectations, and professionalizing management, are crucial for scaling and succeeding in business.

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:

(2:58) - Emphasize effective leadership for business growth.

(6:07) - Income focus, reduce chaos, professionalize management.

(9:29) - Prioritize core values for strong culture.

(15:21) - Core values drive success and communication.

(18:57) - Values and clear expectations drive growth.

(25:48) - Define metrics, roles, and drive growth.

(29:26) - Learn to manage, lead for success.

Follow Leila Hormozi’s Socials:

LinkedIn | Instagram | YouTube | Twitter | Acquisition

Transcript

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0:00.0	I think one thing to distinguish is that without the properly defined expectations,
0:05.2	nobody understands how to play or win the game.
0:08.4	And so you can bring someone in with the skills,
0:10.8	but to assume that they know how to play the game that you're playing in is absurd.
0:19.7	How do you create an unshakeable business?
0:22.2	I cross $100 million in net worth by the age of 28.
0:25.3	Now I'm growing Acquisition.com into a billion dollar portfolio.
0:28.5	In this podcast, I share the lessons I've learned in scaling big businesses and helping our portfolio companies do the same.
0:34.2	Buckle up and let's build.
0:40.6	Today is actually really different.
0:41.8	So I polled my audience, what audience I have, and basically asked, you know, do you
0:46.3	guys want to see more longer form content?
0:48.0	And so what I really felt like is actually needed is foundational series.
0:51.7	And so what I want to create is really a foundational series on how to
0:55.0	build the infrastructure for a business and then how to scale it. And so this is the first one.
0:58.5	This is really a foundational piece in essentially management for a company and how to build
1:02.5	the structure for that and kind of like the foundational pieces to put in place. And so it's definitely
1:06.8	a subset of do the boring work because I think a lot of times like the stuff me and Alex talk about is really exciting and sexy but the stuff that we do when we bring in like our portfolio
1:13.8	companies is like this shit and so I want to provide it to you guys it's a longer training it's the
1:18.2	first piece and five of the first series I want to do okay so like I mentioned the introduction this is
1:22.2	really just a part of a series and it's honestly intended for people who already have companies and are looking to scale and grow.
1:28.6	And they're wondering maybe like, why am I not growing or what do I need to do differently in order to
	...

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