The Cure To Self-Sabotage | Ep 76

Build with Leila Hormozi

Leila Hormozi

Education, Entrepreneurship, Management, How To, Business

5 • 867 Ratings

🗓️ 28 September 2023

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

"People hold a lot of irrational beliefs in business and they think that it's that they lack the skill, but it's actually that they lack the belief." Today, Leila (@LeilaHormozi) shares how her own irrational belief about being a bad boss led to self-sabotage in her company, costing them nearly 30 million. She discusses the importance of identifying and disputing irrational beliefs to overcome self-sabotage and achieve success in 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:

(2:15) - Delayed action due to fear of recognizing incompetent team.

(3:10) - Identify and challenge roots of self-sabotage from irrational belief.

(5:58) - Analyze consequences of irrational beliefs and their negative impacts.

(8:58) - Challenge irrational beliefs to avoid negative consequences.

(10:25) - Emphasize significance of disputing irrational beliefs and daily practice.

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Transcript

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0:00.0	Is there any evidence that I am a bad boss?
0:02.9	Is there any evidence?
0:04.1	Hard evidence, not opinion, but hard evidence.
0:07.3	Oftentimes, you will find that there is no evidence.
0:09.6	Evidence is a fact.
0:10.6	Everyone else would be able to say the exact same thing.
0:17.8	How do you create an unshakable business?
0:20.3	I cross $100 million in net worth by the age of 28.
0:23.4	Now I'm growing Acquisition.com into a billion dollar portfolio.
0:26.6	In this podcast, I share the lessons I've learned in scaling big businesses and helping
0:30.2	our portfolio companies do the same.
0:32.3	Buckle up and let's build.
0:38.6	Today, what I want to talk about is how I self-sabotaged my company and cost us nearly
0:43.8	$30 million.
0:46.3	So this actually stemmed from a conversation I had with a different entrepreneur who was
0:50.3	talking about why he could not scale his company.
0:53.0	And, you know, in talking to him,
0:55.0	he essentially said, like, I'm just not able to fire people. And I can't get rid of people.
0:59.2	And I have a really hard time having any kind of hard conversations. And so, you know, I was like,
1:04.1	can I see your org chart? Because you can tell a lot about a business. If you look at the org
1:06.9	chart, I looked at the org chart, and I was like, holy shit. I think they had probably 40%
1:10.8	too many people working there. The reason for that was he's just like, I don't want to fire people.
	...

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