Stop Being a "Wantrepreneur" | Ep 14
Build with Leila Hormozi
Leila Hormozi
4.9 • 1.1K Ratings
🗓️ 23 February 2023
⏱️ 16 minutes
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Summary
Get the unfiltered memos I send my team as we scale Acquisition.com to $1B+: Leila's Letters
Transcript
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| 0:00.0 | In order to feel fulfilled in your entrepreneurial journey, the lower you set your expectations, |
| 0:05.1 | the more likely it is that you will be elated, excited, happy about your progress. |
| 0:10.1 | Because anytime real life conditions exceed expectations, you'll be happy. |
| 0:15.9 | How do you create an unshakable business? |
| 0:18.5 | I cross $100 million in net worth by the age of 28. |
| 0:21.6 | Now I'm growing Acquisition.com into a billion dollar portfolio. In this podcast, I share the |
| 0:26.0 | lessons I've learned in scaling big businesses and helping our portfolio companies do the same. |
| 0:30.5 | Buckle up and let's build. What is a wantrepreneur? Okay, a want entrepreneur is someone who is dabbling yet unaware of their |
| 0:40.1 | skilled deficits that are needed to start a business. So today what I want to talk to you about is how to |
| 0:44.4 | stop being a entrepreneur. And what I consider to be a entrepreneur or at least the phase of being |
| 0:48.8 | a entrepreneur is like you're literally waiting through the swamp of unconscious incompetence. What is unconscious incompetence? |
| 0:56.4 | That is essentially when you are unaware of how incompetent you are in terms of your ability to |
| 1:01.8 | start the business. And so you feel like this feeling of being very lost, very unaware, |
| 1:06.6 | and very unassuming, right? And so what does this look like? What this looks like is that you consistently have an idea, |
| 1:13.6 | and then you work on that idea, |
| 1:14.8 | maybe you build a product, |
| 1:15.8 | you build some kind of marketing campaign, |
| 1:17.3 | you get something built, right? |
| 1:19.3 | And then when it comes down to actually shipping that thing out |
| 1:21.8 | and selling it to customers, that never happens. |
| 1:25.1 | So back when I was a entrepreneur, |
| 1:29.5 | I essentially started, which, you know, I went to college, I graduated college. Once I got out, then I moved to California. And I got a job |
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