5 • 867 Ratings
🗓️ 8 August 2023
⏱️ 8 minutes
🧾️ Download transcript
"A lot of businesses are built off of compulsions." Today, Leila (@LeilaHormozi) shares her mental process for making good business decisions. She emphasizes the importance of delaying gratification for long-term satisfaction and avoiding rushed or emotional decision-making, as well as the risks of making decisions based on anxiety, boredom, or distraction from other areas of life.
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:
(1:03) - Two questions: life outcomes & long-term satisfaction.
(3:12) - Anxiety-driven decisions hinder progress; find outlets.
(5:23) - Most decisions aren't logical; humans follow emotions.
(7:06) - Be mindful to avoid creating chaotic complexity.
(7:42) - Consider long-term growth when making decisions.
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0:00.0 | People like to say that their decisions are logical, but most decisions aren't logical because humans like to follow their emotions. |
0:10.5 | How do you create an unshakable business? I cross $100 million in net worth by the age of 28. |
0:16.2 | Now I'm growing acquisition.com into a billion dollar portfolio. In this podcast, I share the lessons I've learned |
0:21.2 | in scaling big businesses and helping our portfolio companies do the same. Buckle up and let's build. |
0:30.8 | What I want to share with you in this is my mental process for how I think, am I making good |
0:36.1 | decision and how I apply that to business. |
0:38.3 | This comes from a question that one of my leaders asked. |
0:42.3 | He said, you know, something to the extent of I want you to keep challenging me and I said, |
0:46.1 | what do you want? What do you feel most challenged by right now? |
0:49.8 | And he said decision making. I feel like that's where I'm, I need to get better. |
0:53.2 | And so I felt called to make this because it's something that I wrote down a lot of thoughts about, share with him. |
0:57.1 | And I just want to share it with everybody. |
0:58.7 | So I think that in terms of there's always the question, which is how do I know I'm making the right decision? |
1:03.9 | And I think that this is what causes so much uncertainty in business and paralyzes a lot of people and stops their businesses from growing is they just don't know if |
1:11.4 | they're making the right decision or even how to judge if a decision is good. |
1:15.2 | And so here's the two questions that I use to ask myself. |
1:18.4 | And it's the same question just one aired negatively, one aired positively. |
1:23.4 | One is if I make it this decision or one of this nature every day for the rest of my life, |
1:29.3 | what would my life look like? |
1:30.8 | That's the first one. |
1:32.3 | Right? |
1:32.6 | So if I decided to eat this whole pizza every day for the rest of my life, what my life |
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