Things I Would Tell My Younger Self About Business | Ep 118

Build with Leila Hormozi

Leila Hormozi

Education, Entrepreneurship, Management, How To, Business

5 • 867 Ratings

🗓️ 26 February 2024

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

“The things that we do that we say aren't scalable… it's just a cop-out.” Today, Leila (@LeilaHormozi) shares the importance of building courage, the art of pursuing dreams despite fear and pivotal early career experiences like their first sales encounter. She emphasizes that the key to business success is not just about making money but also about making an impact by considering the efficacy of products/services, employee satisfaction, and strong client results. Leila encourages aspiring entrepreneurs to understand why their businesses work, to anticipate fluctuation and to better their skill sets to ensure business longevity and success.

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:

(1:15) - The power of courage: embracing fear and building resilience

(6:41) - The unpredictability of business: embracing irregularities

(9:32) - The importance of self-awareness and authenticity in leadership

(15:47) - The role of mentors in business growth

(19:03) - The importance of respect and likability in leadership

(25:46) - The pitfalls of early success in business

(32:49) - The importance of hiring good leaders

(35:40) - The reality of freedom in business

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Transcript

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0:00.0	I doubt somebody's going to continue mentoring somebody if they're not actually acting on the
0:03.9	advice they get. There's nothing that I hate more than when someone asks for my advice, only to not take it.
0:14.7	How do you create an unshakable business? I cross $100 million in net worth by the age of 28.
0:20.3	Now I'm growing acquisition.com into a billion dollar portfolio.
0:23.0	In this podcast, I share the lessons I've learned in scaling big businesses and helping our portfolio companies do the same.
0:29.1	Buckle up and let's build.
0:32.6	Here are some things I would tell my younger self if I were starting a business.
0:35.6	Instead of trying to figure out how do I get over the fear of starting something new, I would tell my younger self if I were starting a business. Instead of trying to figure out
0:37.8	how do I get over the fear of starting something new? I would ask myself, how do I feel the fear and do it
0:44.7	anyways? When I was younger, I was constantly thinking I was trying to get rid of a feeling before I would
0:50.9	take an action. And so I spent all this time trying to figure out, like, how do I not get scared?
0:55.3	How do I do this?
0:56.0	Like, all these people that are successful and they have these businesses, like they must not be
0:59.6	scared.
0:59.8	They figured out how to get rid of the fear.
1:01.9	And it wasn't until my back was against a wall where I felt terrified, but I felt also
1:07.7	like I had no choice but to act that I realized that you don't act without fear.
1:12.5	You carry it with you and do it anyways.
1:15.2	And I remember looking up the definition of courage and I realized that courage cannot exist without fear.
1:22.9	And so you don't even give yourself a chance to be courageous until fear is present.
1:27.4	And that was when I realized that I don't wish for fear a chance to be courageous until fear is present. And that was when I
1:28.1	realized that I don't wish for fear to go away, but I instead wish for courage to be present. And then when I
	...

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