Mastering Business Systems That Work | Ep 146

Build with Leila Hormozi

Leila Hormozi

Education, Entrepreneurship, Management, How To, Business

5 • 867 Ratings

🗓️ 3 June 2024

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

“You need to make it easier to do the new thing and harder to do the old thing.” Today, Leila (@LeilaHormozi) shares key strategies for business growth, focusing on a success story from the cosmetic dentistry industry. Insights include the efficacy of strategic leadership distribution, process documentation, talent revamp, and formal training, which collectively led to increased revenue and business scalability.

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:

(0:44) - The journey of scaling a business

(3:07) - Identifying and overcoming growth stagnation

(7:09) - Implementing strategic solutions for business growth

(9:55) - The power of leadership and processes

(11:02) - Implementing effective processes and training for success

(16:34) - The importance of having a training program

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Transcript

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0:00.0	Small problems are easy to solve.
0:02.1	Big problems, much harder to solve.
0:04.5	And so at some point, what you have to realize
0:06.8	is that if you have a bunch of big, hairy problems
0:09.5	you're trying to solve, you need help.
0:12.1	If you are the only person with the hammer
0:14.6	able to whack these moles,
0:17.1	that's going to be really freaking hard.
0:23.7	How do you create an unshakable business?
0:26.3	I cross $100 million in net worth by the age of 28.
0:29.4	Now I'm growing acquisition.com into a billion dollar portfolio.
0:32.5	In this podcast, I share the lessons I've learned in scaling big businesses
0:35.5	and helping our portfolio companies do the same.
0:38.2	Buckle up and let's build.
0:45.1	Today, what I want to talk about and I want to share with you guys is how to build a business
0:49.1	that grows itself.
0:50.9	So a lot of people who get into business get into business because they want freedom.
0:55.2	And then when they get into business, they start to feel like they have a job. And so today,
0:58.9	what I want to show you guys, and I want to share with you an example of a portfolio company
1:02.5	that I have, where we implemented these exact four things that went from them feeling that
1:07.0	they had jobs to feeling like they had a business that could grow itself. So let me tell you about this business. So we started looking at this business. It was over two
1:14.6	years ago now. And at the time, our target was brick and mortar chains. Specifically, it could be
	...

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