Why Communication Is Key (GymCon Day 2) - Pt. 2 | Ep 60

Build with Leila Hormozi

Leila Hormozi

Education, Entrepreneurship, Management, How To, Business

5 • 867 Ratings

🗓️ 3 August 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

"The more that they understand what each other do and they talk to each other, the better the communication." Today, join Leila as she guest speaks during Day 2 of GymCon to talk about the importance of communication in a company and how it can lead to success or failure. She breaks down the four key elements of communication and shares insights on how to improve communication within a team. This is part 2 of the talk.

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:

(3:08) - Importance of being liked and trusted as a leader

(7:09) - Emotional control: managing emotions in response to others

(12:27) - Successful meetings: cadence, purpose, preparation

(19:47) - Recognition of behavior, effort, or business result

(25:21) - Value of recognition: reason, value, who, what

(29:21) - Types of recognition: written, verbal, reward-based. Start small.

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Transcript

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0:00.0	If you want to go fast, go alone, if you want to go far, go together.
0:02.4	You guys need a team to do what you want to do.
0:04.5	You can't.
0:05.4	I mean, look, some of you do.
0:06.9	You run a gym by yourself or you run a business by yourself.
0:09.5	But that fucking sucks.
0:10.9	Does that suck?
0:12.0	I hate that shit.
0:12.7	I would not want to do this alone.
0:13.7	I love having a team.
0:20.7	How do you create an unshakable business?
0:23.1	I cross $100 million in net worth by the age of 28.
0:26.2	Now I'm growing Acquisition.com into a billion dollar portfolio.
0:29.4	In this podcast, I share the lessons I've learned in scaling big businesses
0:32.4	and helping our portfolio companies do the same.
0:35.1	Buckle up and let's build.
0:40.4	All right, so we covered expectations. We've covered accountability. Now we want to cover
0:45.4	communication. Sounds so sexy. Communication. What is communication though? Okay. And I have
0:52.2	defined this. This is Layla's definition. So I have no fucking idea if this is a definition.
0:55.6	This is how I define it.
0:56.4	Okay.
0:57.2	Good communication within a company, talking about within a company, right?
	...

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