Why Punishing Your Team Will Never Work | Ep 160

Build with Leila Hormozi

Leila Hormozi

Business, Management, Education, How To, Entrepreneurship

4.9 • 1.1K Ratings

🗓️ 15 July 2024

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

Get the unfiltered memos I send my team as we scale Acquisition.com to $1B+: Leila's Letters

Transcript

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0:00.0	People do the minimum work not to get fired.
0:02.8	This is due to being punished.
0:04.8	This is not because people are stupid or lazy.
0:06.8	You miss out on discretionary effort, loyalty, tenure, and innovation.
0:11.2	Those are all the things you don't get when you rule with punishment.
0:13.7	You're not going to have people innovate for you because guess what?
0:15.4	They don't get to about you.
0:23.4	How do you create an unshakable business?
0:26.5	I cross $100 million in net worth by the age of 28.
0:29.6	Now I'm growing Acquisition.com into a billion dollar portfolio.
0:33.1	In this podcast, I share the lessons I've learned in scaling big businesses and helping our portfolio companies do the same.
0:35.8	Buckle up and let's build.
0:42.3	Thank you. and helping our portfolio companies do the same. Buckle up and let's build. Question for you guys.
0:44.3	What makes the difference between a place people genuinely love working and one they
0:49.9	desperately want to leave?
0:52.1	Somebody said it.
0:53.6	Their boss?
0:54.9	Yes. Okay. Are. Their boss? Yes.
0:56.0	Are there other factors?
0:57.7	What about pay, working hour, bonuses, incentives?
1:00.5	Yes, of course, those are other factors.
1:02.4	But those are not the root issue.
	...

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