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Build with Leila Hormozi

The Reality Behind Building a Billion Dollar Business (on The Matt Gray Show) | Ep 131

Build with Leila Hormozi

Leila Hormozi

Education, Entrepreneurship, Management, How To, Business

5867 Ratings

🗓️ 10 April 2024

⏱️ 29 minutes

🧾️ Download transcript

Summary

“I just like accept that it's going to be really hard and painful at times.” Today, join Leila (@LeilaHormozi) as she guests on The Matt Gray Show to talk about the challenges of scaling businesses, emphasizing that success doesn't negate difficulties. From her experiences of building a billion-dollar portfolio with Acquisition.com, the discussion covers realistic goal setting, strategic planning, the importance of quarterly reviews, and the journey of ethical entrepreneurship.

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.

Follow The Matt Gray Show on:

Instagram | Spotify | Apple | LinkedIn

➤ Check out full episode on YouTube!

Timestamps:

(0:49) - Navigating business growth and bottlenecks

(2:10) - Strategic reflections and quarterly planning

(3:28) - Personal growth and business strategy evolution

(9:03) - The challenges of scaling and brand differentiation

(12:30) - Acquisition strategies and the search for platform companies

(20:51) - Navigating fame, brand perception, and business challenges

(24:38) - Coping with the realities of business growth

(26:24) - Acceptance and moving forward amidst challenges

Follow Leila Hormozi’s Socials:

LinkedIn | Instagram | YouTube | TwitterAcquisition 

Transcript

Click on a timestamp to play from that location

0:00.0

I don't think ethically I could make business content without talking about how hard it still is

0:04.0

for me. I think it's a fallacy. I also think that that's not good for people to think that

0:08.0

they're going to get to some point where business is easy. It's just not true. And I would feel really

0:12.9

badly if people watch my content and thought that was what was going to happen.

0:23.9

How do you create an unshakable business?

0:27.0

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

0:30.1

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

0:34.2

In this podcast, I share the lessons I've learned in scaling big businesses and helping our portfolio companies do the same.

0:36.3

Buckle up and let's build.

0:42.6

You have a goal of getting from $100 million net worth to a billion. You're documenting

0:46.8

the journey. Now, how do you feel like you're doing right now? Like, are you on track to that

0:50.6

goal? And what's kind of the current bottleneck in your universe? Yeah, it's an interesting question.

0:56.8

I tend to have long time horizons.

1:00.2

So in the projections that I laid out for Acquisition.com, you know, it's funny.

1:06.1

A lot of people were like, if you guys aren't at a billion in two, three years, what are you doing?

1:10.9

You know?

1:11.7

And I was like, I think a lot of people make the mistake of thinking that because you've

1:17.9

succeeded in the past, it's going to be easier this time.

1:20.8

And I think it's easier in that you know what to expect, but I think it's harder in the way

1:25.6

that you expect it to be easier.

1:27.3

And I really prepared myself for like building businesses is a key strength of ours.

1:34.1

But we are not investors.

...

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