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Build with Leila Hormozi

Your Standards Are Too Low (w/ Alex Hormozi) | Ep 208

Build with Leila Hormozi

Leila Hormozi

Education, Entrepreneurship, Management, How To, Business

5867 Ratings

🗓️ 20 November 2024

⏱️ 39 minutes

🧾️ Download transcript

Summary

In this episode, Leila sits down with Alex Hormozi for a conversation about standards and how your success is directly connected to the standards that you have.

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.

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Transcript

Click on a timestamp to play from that location

0:00.0

What's up, guys. I have a special episode for you today. In this episode, Alex and I actually are

0:04.7

talking about the importance of standards in business. And so we had some time on a Sunday and felt

0:11.7

like doing a podcast together. Actually, Alex was reporting podcasts because he likes to batch him back

0:16.0

to back. And we wanted to hang out. And so I joined him. If you are somebody who's growing a business or

0:21.3

wants to grow a business and you want to understand what it takes and what kind of standards

0:24.5

you need to uphold, this episode is for you.

0:31.4

I wanted to talk about something that I feel like will be a meaty subject for both of us with regards to business, but it probably does have some tendrils that extend to regular life.

0:46.1

And that single prompt or word is standards.

0:49.9

The reason I thought it would be really good topic is because as a business owner,

0:54.4

I have a few themes of lessons that I have to continue to learn over and over again.

0:58.6

I feel like the concept of the lesson stays the same, but my understanding of it deepens.

1:05.1

You see the zillionaires on stage saying, hey, you just have to hire great people.

1:08.4

And then, you know, the local barbershop guy is like,

1:10.8

yeah, sure, you got to hire great people. But there's just so many levels to great people.

1:16.5

For standards, it kind of works the same way, which is in a lot of ways, you get the business,

1:23.2

you tolerate. Lela made this tweet earlier today. and I think in seeing that tweet, I thought to

1:28.2

myself, you know, I think it'd be fun if we did this together. So I will read you the tweet that

1:34.1

you had. The reason your business is shit is because you are comfortable with a shit business.

1:39.4

If a shit business made you uncomfortable, you wouldn't stop until it was fixed.

1:45.7

Yeah, that was really on my mind because people tell me all the time how desperately they

1:50.7

wish to have a great business. But the truth is, is that I know the way we are, which is like,

1:56.0

I will not stop and you will not stop until we don't have a shit business. Or, and I wouldn't

...

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