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Build with Leila Hormozi

Teaching Young Business Owners How to Be Better Leaders (on Leila Answers) | Ep 89

Build with Leila Hormozi

Leila Hormozi

Education, Entrepreneurship, Management, How To, Business

5867 Ratings

🗓️ 14 November 2023

⏱️ 39 minutes

🧾️ Download transcript

Summary

"Repetition is key with these things." Today, Leila (@LeilaHormozi) answers some questions from her Leila Answers segment, such as maintaining a strong ethical team culture, the importance of understanding and reinforcing company values, effective communication in remote work environments, and balancing the needs of employees and the company for long-term success.

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) - Practices for ethical team

(4:35) - Unconventional strategies for company culture

(11:58) - Balancing employee and company needs

(18:21) - Leading non-direct reports

(25:41) - Non-negotiable communication cadence

(27:46) - Scaling subscription model effectively

(33:38) - Partnering with influencers and creators

Follow Leila Hormozi’s Socials:

LinkedIn | Instagram | YouTube | TwitterAcquisition 

Transcript

Click on a timestamp to play from that location

0:00.0

These are all the things I expect of you if you do this job.

0:03.4

And maybe it's changed.

0:05.4

And maybe we need to reset expectations and say, this is now what I expect of you to do this job.

0:09.9

Because if you don't do these things, I can't do the things I need to do to better the company.

0:19.7

How do you create an unshakable business?

0:22.3

I cross $100 million in net worth by the age of 28.

0:25.4

Now I'm growing acquisition.com into a billion dollar portfolio.

0:28.5

In this podcast, I share the lessons I've learned in scaling big businesses and helping

0:32.1

our portfolio companies do the same.

0:34.2

Buckle up and let's build.

0:49.5

Hi. Hi. How are you? Viadora? Yes. Very pretty. Thank you. Yeah, a little context. I just started a creative public relations agency. So I'm just in the process now of hiring because I've been a freelancer for a few years.

0:59.9

So I'm taking on way too many clients that I can take on by myself.

1:04.2

So I need to hire someone part time.

1:05.8

One of my questions is, are there any particular practices you implement to maintain a strong ethical

1:11.6

and morally driven team?

1:13.6

From a conceptual standpoint, people can say we have values and these are ethics, these are

1:18.6

morals, whatever you want to call them, right? That we run by. But if those are not,

1:22.6

if we're not reinforcing them or rewarding people for acting in accordance with them, then they're

1:29.2

basically meaningless.

1:29.9

And where a lot of companies go wrong is that they have values, they have codes of ethics

1:36.4

or moral compasses that they talk about.

1:39.2

You can talk about it all you want.

...

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