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Build with Leila Hormozi

The Formula to Managing a $100M Team | Ep 4

Build with Leila Hormozi

Leila Hormozi

Education, Entrepreneurship, Management, How To, Business

5867 Ratings

🗓️ 19 January 2023

⏱️ 19 minutes

🧾️ Download transcript

Summary

Nobody has complete control over any number in the business. Today, Leila (@LeilaHormozi) tells us the key ingredients that help you shape your team into working like a $100 million dollar company. Hint: it has a lot to do with accountability.

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:

(1:28) - how to know if a company is lacking accountability

(4:19) - Accountability is the bridge between action and the result

(5:52) - 2 types of expectations: organizational & role

(11:25) - How do we measure what “good” looks like?

(14:52) - You can never have too much feedback

(17:32) - No good results? Are you missing expectations, measurements, or feedback?

Follow Leila Hormozi’s Socials:

LinkedIn | Instagram | YouTube | TwitterAcquisition 

Transcript

Click on a timestamp to play from that location

0:00.0

A job description is essentially a third-party agreement.

0:03.5

It is what you look at and your employee look at, and then you look at it and it is agreed

0:08.1

upon terms of what is expected by them.

0:10.5

Think about how many times you would update a job description.

0:13.2

If it wasn't a job description, it was a set of expectations for somebody in the role.

0:19.1

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

0:23.6

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 our portfolio companies do the same.

0:32.6

Buckle up and let's build.

0:36.6

What I want to talk about today is my formula for managing $100 million teams.

0:41.9

And the reason I want to talk about this is because most people come to me and they're like,

0:44.9

Layla, can you tell me like the systems, the processes, like I want to know what you use

0:48.5

to manage the teams that makes this all work.

0:50.8

And people are usually asking that because there's some sort of pain, which is you

0:54.0

might not be getting the results you want your business. People might not be doing

0:56.7

what you want them to do. And oftentimes people come to me and they're like, what is it? Like,

1:00.3

what system is it? What book is it? What is it? And there's not, you have to understand it. It's an

1:04.8

art and a science. And what I want to talk about today is basically my formula for doing so, because if you feel like

1:11.1

you can't get the results you want in your business, if you feel like things are kind of painful,

1:14.1

if you feel like you're needed for most things, and if you feel like you're constantly following up

1:17.5

with people on items, I want to share with you my formula behind how I actually get things done with a team.

1:23.1

So the formula I want to share with you is called the accountability formula.

...

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