Mastering the Skill of Recognizing Talent | Ep 164
Build with Leila Hormozi
Leila Hormozi
5 • 867 Ratings
🗓️ 24 July 2024
⏱️ 26 minutes
🧾️ Download transcript
Summary
“Humility is usually a better indicator of success and of potential than misplaced confidence.” Today, Leila (@LeilaHormozi) shares invaluable insights on recognizing and developing high-potential leaders to drive business growth, emphasizing humility, progress, and extreme dedication. Learn how identifying and nurturing the right team members can exponentially transform your 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:
(0:41) - The importance of people in business success
(2:31) - Transforming a business with the right team
(6:14) - Defining high potential players (HPP)
(10:35) - 1st principle: Looking at rate of progress
(15:32) - 2nd principle: Prioritizing humility over arrogance
(19:03) - 3rd principle: Embracing extremes
(23:05) - Prioritizing team development
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Transcript
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| 0:00.0 | These people are all around you. |
| 0:02.6 | But unless you possess the skill of knowing how to spot these people, you will not find |
| 0:08.0 | them and you will certainly not keep them. |
| 0:10.1 | If you are not the leader that can help them get there, you can't spot them, you cannot invest |
| 0:13.6 | in them, then you're going to lose those people. |
| 0:20.1 | How do you create an unshakable business? |
| 0:22.5 | I cross $100 million in net worth by the age of 28. |
| 0:25.7 | Now I'm growing Acquisition.com into a billion dollar portfolio. |
| 0:28.9 | In this podcast, I share the lessons I've learned in scaling big businesses and helping our portfolio companies do the same. |
| 0:34.6 | Buckle up and let's build. |
| 0:42.8 | Today. companies do the same. Buckle up and let's build. Today, what I want to share with you is the one skill that is the unlock to growing and scaling your company that most people don't ever do. |
| 0:48.3 | How to recognize leaders with high potential. The reason this is so important is because the |
| 0:53.7 | potential of our business |
| 0:55.7 | rests in the strength of our people. Okay, so having the right people is by far the most important |
| 1:00.8 | thing that we can have in business. Therefore, being able to spot the right people is arguably |
| 1:05.3 | the number one skill that you want to have. So I know what you're thinking, which is like, wait, |
| 1:09.9 | being able to pick the right people is more important than strategy, marketing, sales, cash flow product. Yes. And why is that? |
| 1:16.8 | Okay? Because the right people will select the strategy and build it, build the marketing, |
| 1:22.7 | manage the cash flow, design the right products. So people picking is actually a more valuable skill than |
| 1:29.6 | even being the most talented person on the team. In fact, if you look at the best CEOs, what do |
| 1:34.3 | they talk about? They don't talk about how great they are. They talk about their teams and the people |
| 1:39.2 | that they're able to select to be on their teams that help them realize their vision. This is why |
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