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Build with Leila Hormozi

What A $9M Tax Bill Taught Me About Employees | Ep 68

Build with Leila Hormozi

Leila Hormozi

Business, Management, Education, How To, Entrepreneurship

4.91.1K Ratings

🗓️ 31 August 2023

⏱️ 13 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

And so that was when I was like, I need people on this team who have been there, done that.

0:03.3

And it's not going to be the whole team.

0:04.7

And I'm not going to, like, completely over all everything.

0:06.8

But I cannot have an entire team of people who were constantly coaching and bringing up and have never done the role before.

0:17.3

How do you create an unshakable business?

0:19.8

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

0:22.6

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

0:25.6

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.

0:38.2

What is up to state what I want to talk about is how to expedite growth of your business and minimize and mitigate

0:42.8

mistakes and slowdowns.

0:45.7

And so the reason I'm making this kind of off the top, I actually just got done driving

0:49.0

like six hours from Arizona with my husband, and I was going to go unpack, and I was like,

0:53.4

I have this on my mind.

0:54.1

I need to make it right now.

0:55.8

It's because I had a dinner last night with a couple entrepreneurs that really triggered my thinking

0:59.6

about this and I hope it's valuable for all of you because it's something that if I had known

1:05.0

five, six years ago, I think that we would have been able to grow and be maybe even two

1:09.9

years ahead of where we are now. So I'll explain that with what that is after the story. So we went to dinner

1:15.4

with the Sons-Prettiwer last night, and they were telling us about their new business model.

1:18.9

And in their new business model, they essentially take equity from companies. And so what they

1:23.3

said they were going to do is they're like, we're going to go in, we're going to find companies that have a great product, they have great retention, they have good operations, but they don't

...

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