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Build with Leila Hormozi

The Entrepreneur Skills Tier List | Ep 83

Build with Leila Hormozi

Leila Hormozi

Management, How To, Entrepreneurship, Business, Education

4.91.1K Ratings

🗓️ 24 October 2023

⏱️ 15 minutes

🧾️ Download transcript

Summary

Get the unfiltered memos I send my team as we scale Acquisition.com to $1B+: Leila's Letters

Transcript

Click on a timestamp to play from that location

0:00.0

Most of us tend to either over communicate or under communicate. And what that looks like when

0:04.0

you're unskilled is usually like you're silent or you ramble all the time. I tended to be more

0:08.4

of like a silent type, but I realized that that actually was bad communication.

0:17.1

How do you create an unshakable business? I cross $100 million in net worth by the age of 28.

0:22.7

Now I'm growing Acquisition.com into a billion dollar portfolio. In this podcast, I share the lessons I've learned in scaling big businesses and helping our portfolio companies do the same.

0:31.6

Buckle up and let's build.

0:41.5

A lot of people come to me and ask, what skills do I need and in what order do I need to acquire them? What I want to do today is I want to actually rank a tier list

0:46.0

of all the skills of somebody who is new to business. At the end, what I'm going to do is I'm going

0:50.5

to talk about these skills to somebody who is trying to grow their business in a more developed company. So the first skill that I want to talk about is sales.

0:57.9

It's essentially the exchange of money for a product or service that you have. Now, when you're

1:02.4

first starting off in the business, you don't need to think sales like, am I building a giant

1:06.3

sales department, a sales org. You just need to figure out, can you sell? Because in the beginning,

1:11.9

the best salesperson is actually the founder. In the beginning of every business that Alex and I started,

1:16.1

we were the first salespeople. And at AppBusage.com, that means we were the first ones that were

1:21.3

closing the first deals. It is one of the most paramount pieces of the business, because it is

1:26.5

the bridge between the marketing

1:27.8

and the back end. You learn so much about the customer through doing sales that I think you

1:34.0

would be doing yourself a disservice in the beginning by not doing this starting out. The more people

1:38.4

that you talk to and have sales conversations with, the more people that you understand who is

1:43.6

a fit for my product or service

1:44.9

and who isn't. Because a lot of the times people think, oh, I just can't sell. But it might actually

1:49.3

be that you're trying to sell to the wrong people. It was the first skill that I understood

...

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