The Secrets of The Highest Paid CEOs in the World… | Ep 77
Build with Leila Hormozi
Leila Hormozi
5 • 867 Ratings
🗓️ 3 October 2023
⏱️ 43 minutes
🧾️ Download transcript
Summary
"It's much more useful to focus on traits rather than what you do because it's much more about who you are, not what you do." Today, Leila (@LeilaHormozi) discusses the successful traits of a CEO and emphasizes the importance of character over skills. She draws examples from iconic CEOs like Steve Jobs and Howard Schultz and provides an exercise to help CEOs acquire the necessary skills and traits to become successful leaders.
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:
(3:38) - Lack of clarity in CEO role.
(6:13) - Successful CEO strategies.
(17:33) - The two cornerstones of success.
(22:25) - Friendship, camaraderie, loyalty, and cooperation.
(32:10) - Encouraging innovation through failure.
(42:19) - Becoming the best version.
Follow Leila Hormozi’s Socials:
LinkedIn | Instagram | YouTube | Twitter | Acquisition
Transcript
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| 0:00.0 | Loyalty comes from when you show those you lead your concerns for their interests and welfare beyond what they can do for you. |
| 0:07.7 | Loyalty will not be gained unless first given. |
| 0:16.2 | How do you create an unshakable business? I cross $100 million in net worth by the age of 28. |
| 0:22.0 | Now I'm growing acquisition.com into a billion dollar portfolio. In this podcast, I share the lessons |
| 0:26.6 | I've learned in scaling big businesses and helping our portfolio companies do the same. |
| 0:30.9 | Buckle up and let's build. |
| 0:37.3 | Today we're going to talk about what are the successful traits of a CEO or the traits of a |
| 0:42.5 | CEO. And the reason I want to talk about this today is it's just, it's really top of mind for me |
| 0:47.3 | because at Acquisition.com, you know, obviously I'm working with the CEOs and the CEOs on a, |
| 0:52.4 | honestly, mostly a daily basis. And often what you notice |
| 0:55.7 | is the limiting factor is not what skills do they need to acquire, what courses do they need to take, |
| 1:00.7 | like, what's the tactic they need to do next? It's the character. And this is what I've learned |
| 1:05.3 | in my journey, and I'm by no means finished and perfect or the example of a great CEO at all. In fact, I don't put myself |
| 1:13.5 | in that category, but I do say that I put a lot of effort in. And I try to help other people, |
| 1:18.3 | I try to transfer my knowledge to everybody else that we work with. And so I want to share that |
| 1:21.7 | with everybody here today because I think that if we can make everybody better, then we make |
| 1:25.5 | better companies, and that produces a better environment for work. |
| 1:29.3 | And so that being said, what I want to first do is define terms? Okay, so what is a CEO? |
| 1:33.3 | It seems obvious, but it's really just the highest ranking person in the company or institution, |
| 1:38.3 | ultimately responsible for making the managerial decisions. |
| 1:41.3 | And I think that oftentimes people are like, I'm a CEO, I need to do shit about managing. |
| 1:46.0 | And I'm like, good luck with that. |
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