5 • 867 Ratings
🗓️ 19 June 2024
⏱️ 21 minutes
🧾️ Download transcript
“What's going to stop you or prevent you from achieving the goal?” Today, Leila (@LeilaHormozi) shares key strategies for scaling businesses and reveals her five-step goal-setting process, critical for achieving success. Learn the importance of simple problem-solving, focused attention, and measurable goals to avoid common business pitfalls and ensure sustained growth.
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:
(0:40) - Why most businesses fail
(6:25) - Step 1: Identifying the core problem
(9:07) - Step 2: Creating a hypothesis to solve the problem
(13:04) - Step 3: Defining actions and responsibilities
(15:51) - Step 4: Setting measurable goals
(17:24) - Step 5: Anticipating obstacles
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Click on a timestamp to play from that location
0:00.0 | Business is hard enough. |
0:01.8 | Don't choose the absolute hardest way to solve a problem. |
0:05.2 | Try and think of the easiest way to solve a problem. |
0:07.5 | Because I'll tell you this. |
0:08.6 | The best problem solvers I know are lazy. |
0:11.5 | Because you know what they didn't? |
0:12.3 | They think of solutions that are easy to execute. |
0:19.4 | How do you create an unshakable business? I cross $100 million in net worth by the age of 28. |
0:25.0 | Now I'm growing Acquisition.com into a billion dollar portfolio. In this podcast, I share the lessons I've learned in scaling big businesses and helping our portfolio companies do the same. |
0:33.9 | Buckle up and let's build. |
0:44.6 | Why is it that 97% of businesses fail in the first 10 years? |
0:47.3 | It's not that they intend to do poorly. |
0:49.8 | In fact, most of the time, it's actually out of ignorance. |
0:52.9 | They pick the wrong goals to go after, |
0:55.3 | and they don't know how to actually achieve those goals they even do pick. So today what I want to share with you is my five-step goal setting process |
1:00.5 | to get you to $100 million so that you can be one of the 3%. So why is goal setting so important? |
1:07.8 | Because setting goals determines where your attention goes and your attention is the |
1:13.6 | most valuable resource that you could have. Most entrepreneurs work very freaking hard on the wrong things |
1:20.2 | at the wrong time in the wrong way. So imagine that your attention is like a jar of marbles. And so say you have 20 marbles in your jar, |
1:30.7 | and if you have 20 and you're able to point them at one thing, you are much more likely to achieve it. |
1:35.5 | But each time you take a marble from the jar and give attention to another thing, what happens? |
1:42.0 | You actually decrease your power. Power is your ability to go |
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