Build with Leila Hormozi

"I just look at it now as trading problems rather than trying to find a perfect solution.” Today, Leila (@LeilaHormozi) shares insights on how to make better decisions and avoid making stupid mistakes when growing a business. She discusses the importance of taking action, reflecting, and having a decision-making framework while also highlighting the common reasons why people struggle to make good decisions.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:(6:20) - Avoid net zero decisions for success.(10:31) - Take action and reflect.(14:42) - Trading problems, not finding solutions.(21:14) - Avoid dumb decisions, ask the right questions.(25:50) - Challenge assumptions for creative solutions.(34:05) - Assess risks and probabilities effectively.Follow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

19 Sep 202334min

“It's your responsibility to ask those hard questions to make sure that person's truly going to be fit for the company in the long haul." Today, Leila (@LeilaHormozi) discusses the importance of involving the CEO in the interview process to ensure the best interests of the company and its culture are represented. She outlines a multi-phase interview process that includes skill assessments and culture fit evaluations.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:(0:39) - CEO involvement crucial for effective hires(2:15) - Importance of CEO's direct involvement in interviews(4:19) - Regular interviewing practice vital for improving skills(7:55) - Second interview assesses skills, strengths, and scenarios(10:26) - Third interview by CEO safeguards culture fit(11:44) - Gatekeeper interview ensures alignment of values and expectationsFollow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

14 Sep 202317min

"If you're drafting for your team, you need to understand what each position actually does.” Today, Leila (@LeilaHormozi) shares a mindset shift that can help businesses find the right people for their team. The key is to view the interview process as an education process, rather than solely focusing on the outcome of finding the right candidate.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:(0:42) - Find right hires, not just fill roles; key growth.(1:34) - Make choices, not emotional compulsions. Avoid stress decisions.(2:23) - Interview many to find the good; like reading books.(2:41) - Interviews reveal role essence; identify flexible & essential components.(3:51) - Importance of interviewing process; key to successful teams.(4:56) - Interview to educate yourself on roles; primary CEO role.Follow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

12 Sep 20236min

“It's absolutely your responsibility as an employee, as a person of this company, as a representative of this company, to give your boss feedback.” Today, Leila (@LeilaHormozi) shares insights on how to continue to add value and maintain your job in a high-growth company. She emphasizes the importance of peer-to-peer feedback, giving bottom-up feedback to leadership, focusing on the business as a whole, and taking on 20% of your boss's job and doing it better.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:(0:56) - Addressing job growth; adaptability and knowledge sharing.(2:00) - Effectiveness tied to open-mindedness; resistant attitudes hinder progress.(4:28) - Enhancing peer collaboration; collective accountability for progress.(6:33) - Engaging in cross-peer feedback; collaborative growth through accountability.(8:39) - Amplifying cross-peer feedback; fostering collective accountability for advancement.(13:45) - Nurturing collective accountability for team growth and development.Follow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

7 Sep 202316min

“I don't think I've ever once felt like I have it all figured out.” Today, Leila (@LeilaHormozi) answers some questions from her audience during a LinkedIn Live of Ask Me Anything. She discusses her experience founding and selling multiple businesses, as well as her current role at Acquisition.com. She offers advice on building confidence as an entrepreneur, finding the right market for your business, and seeking out mentors.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:(1:59) - Boosting confidence for self and clients(6:37) - Mindset framework for feeling underqualified(9:48) - Moment of realizing success(10:42) - Feeling qualified for clients at Gym Launch(12:50) - Gaining confidence through Acquisition.com(14:38) - Target mentor for a new entrepreneur(18:50) - Renting physical location vs. online growthFollow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

5 Sep 202324min

"Experience has to have context. Otherwise, it actually can be more harmful than good." Today, Leila (@LeilaHormozi) shares the importance of having experienced members on a team to expedite business growth and minimize mistakes. She explains how to identify and hire experienced team members based on industry, role, and company type and how it can greatly decrease risk and increase the chances of success.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:(2:24) - Lack of equity understanding leads to dissatisfaction.(4:36) - Lack of experience/expertise leads to problems.(5:58) - Inexperienced founders hire industry/role-experienced people.(8:16) - Assess experience through industry, role, and company type.(11:04) - Experienced hires reduce risk and accelerate growth.(11:47) - Experienced new leaders decrease the risk of company failure.Follow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

31 Aug 202313min

"If we are spending this much time on these kinds of things, it would be better spent trying to solve the root cause of this issue." Today, Leila (@LeilaHormozi) talks about the looming minimum wage increase and its potential impact on businesses. She breaks down the arguments for and against the increase, and offers suggestions for how businesses can adapt to the changing landscape.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:(1:35) - Minimum wage increase raises employee salaries.(2:25) - Arguments for higher minimum wages: cost of living.(3:59) - Negative effects: layoffs, investment in technology, skilled workers.(7:29) - Predicted outcomes: higher prices, technology investment, outsourcing.(11:20) - Higher minimum wage laws may not have long-term impact.Follow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

29 Aug 202312min

"And then that label no longer is helpful. That label becomes a crutch.” Today, Leila (@LeilaHormozi) shares with us her opinion on why she refuses to label herself as a "female" CEO and explains why she believes labels can be hindering and limiting. She also discusses the importance of empowering oneself and taking personal responsibility for success in business.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:(2:16) - Using gender as an excuse for not being heard(3:54) - Leila argues against labeling as a female CEO(8:13) - Labels reinforce the gender gap and mental handicap(9:36) - Empowerment through personal growth and improvementFollow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

24 Aug 202310min