Why Punishing Your Team Will Never Work | Ep 160

Build with Leila Hormozi

Leila Hormozi

Education, Entrepreneurship, Management, How To, Business

5 • 867 Ratings

🗓️ 15 July 2024

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

“Sales can be a hard thing to do but if you have somebody who makes it fun, it makes it all worth it.” Today, join Leila (@LeilaHormozi) as she guest speaks to talk about the impact of positive reinforcement versus punishment in workplace management, highlighting how supportive environments can boost employee loyalty, productivity, and innovation. Drawing from experiences at Gym Launch and case studies like Coinbase and Neutrogena, Leila provides practical examples of transforming team dynamics and business outcomes through positive reinforcement.

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:

(1:29) - Hiring mistakes and lessons learned

(4:35) - The turnaround: hiring the right leader

(6:20) - Positive reinforcement vs. punishment

(8:03) - Real-world examples: Coinbase vs. Neutrogena

(12:15) - The cost of punishment in the workplace

(13:56) - The benefits of positive reinforcement

Follow Leila Hormozi’s Socials:

LinkedIn | Instagram | YouTube | Twitter | Acquisition

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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