5 • 867 Ratings
🗓️ 21 December 2023
⏱️ 31 minutes
🧾️ Download transcript
"A lot of people are too emotional about how they run their businesses, and they think that being emotional is actually for the better of their business.” Today, join Leila (@LeilaHormozi) as she guests on The Mike Andes Podcast to talk about the intricacies of maintaining a balanced partnership in business and how she and her spouse, Alex, manage their different roles within the company. Leila shares how she views jealousy within their dynamic and emphasizes the importance of self-autonomy, the essence of which is understanding oneself and one's wants.
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.
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Timestamps:
(1:14) - Balancing business and personal relationships
(3:43) - Managing jealousy and competition in business partnerships
(6:22) - The importance of communication in business relationships
(8:36) - Balance between empathy and business decisions
(12:52) - Challenges of hiring and managing a growing team
(25:38) - The visionary vs. the integrator in business growth
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LinkedIn | Instagram | YouTube | Twitter | Acquisition
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0:00.0 | And then I realized that you're actually setting people up for failure, baby people, you coddle people. |
0:04.5 | And if that means that people don't like me too, that's totally fine. |
0:11.7 | How do you create an unshakable business? |
0:14.1 | I cross $100 million in net worth by the age of 28. |
0:17.3 | Now I'm growing Acquisition.com into a billion dollar portfolio. |
0:20.4 | In this podcast, I share the lessons I've |
0:22.1 | learned in scaling big businesses and helping our portfolio companies do the same. Buckle up and |
0:26.8 | let's build. I was introduced to Alex and Layla a couple years back, a couple years into growing my franchise, |
0:39.5 | Anytime Fitness. And as a gym owner, hearing about what's kind of new and going up in |
0:45.0 | our industry of the gym lords, as they called it, back in the day. But now they've exited |
0:50.3 | those. They have done multi-eight figure acquisitions and really done so much in |
0:55.8 | terms of the community adding to on YouTube and their content. But I really wanted to dig in |
1:00.0 | today and really try to get some questions, Layla, that you have not maybe been presented |
1:04.0 | because you've been interviewed quite often. So I didn't want to go through the whole like story |
1:07.8 | of Jim launch and all that. I can cover that free this interview. |
1:14.0 | So I just wanted to jump right into a couple things. I kind of wanted to take the interview in two different directions. One is the relationship side that it's very interesting between you and |
1:18.2 | Alex in terms of business partners as well as spouse and partners in that regard. And then also |
1:24.3 | obviously the business side and you taking so much of the operational and sort of |
1:27.8 | the integrator role in the company. So first off, I want to talk about actually something that |
1:32.1 | happened with one of our franchisees recently. I thought you'd have some great insight on. And that is, |
1:37.1 | you know, for several years they had been married. And the wife had a food truck and was really |
1:41.8 | successful. And then he joined Augusta Lawn Care, really started to grow the company and felt actually |
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