The Difference between 7 & 8-Figure CEOs | Ep 26

Build with Leila Hormozi

Leila Hormozi

Education, Entrepreneurship, Management, How To, Business

5 • 867 Ratings

🗓️ 6 April 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

“People spend all this time trying to fix something that isn't broken”. Today, Leila (@LeilaHormozi) shares with us the difference between a seven-figure and eight or nine-figure CEO. She also emphasizes in order to move from seven to eight or nine figures, one must be selective about the problems they solve and focus on consequential and irreversible decisions.

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:

(1:18) - Business perfectionism is a common misconception

(3:01) - Be selective in problem-solving to reach 8-9 figures

(5:57) - Be selective in defining problems

(6:35) - Consider if the problem is consequential

(7:59) - Test consequential decisions before making them

(8:48) - More information leads to less risk in decisions

Follow Leila Hormozi’s Socials:

LinkedIn | Instagram | YouTube | Twitter | Acquisition

Transcript

Click on a timestamp to play from that location

0:00.0	You're just trying to solve problems that aren't problems.
0:02.1	They're just facts of business.
0:03.3	They're just dichotomies that need to be managed.
0:05.1	They're not problems to be fixed.
0:06.7	And you're spending all this time doing that, and you could be spending it doing so many more productive things, like growing your business and moving the team forward.
0:14.1	How do you create an unshakable business?
0:16.5	I cross $100 million in net worth by the age of 28.
0:19.7	Now I'm growing acquisition.com into a billion dollar portfolio.
0:22.8	In this podcast, I share the lessons I've learned in scaling big businesses and helping
0:26.5	our portfolio companies do the same.
0:28.6	Buckle up and let's build.
0:32.2	What I wanted to talk about is the difference between a seven-figure and eight versus nine-figure
0:37.1	CEO.
0:38.0	And this came about from a question that somebody asked me at dinner the other night.
0:42.0	He was saying, you know, what do you think is it?
0:43.7	Like, what do I need?
0:44.6	What am I missing to get to the next level?
0:47.1	And right now, I think that he's at, you know, multiple seven figures and almost into the
0:51.3	eight, but having a hard time and is really stuck right now
0:55.3	at that like seven million mark. This is something that I sat and I thought for like probably
0:59.3	three minutes before I could answer the question. And I felt like it would be really valuable
1:02.6	to share because it just comes from my experience in looking back to say like what was the difference
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Leila Hormozi, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Leila Hormozi and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.