Build with Leila Hormozi

No solution is perfect… ever. Today, Leila (@LeilaHormozi) shares the common issue of "solution hopping" in business, where individuals continuously switch strategies in search of the perfect solution. She also explains that there is no ideal solution. She suggests three beliefs to replace those that prevent individuals from sticking with a solution, ultimately leading to a more prosperous and less stressful 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:(2:51) - There's never a solution that comes without problems(3:57) - 3 irrational beliefs about solutions(5:35) - 3 realistic beliefs about solutions(8:03) - Constant solution hopping leads to incurring costs without realizing benefits.(8:50) - Here's how you actually pick a solution to go with(11:36) - Success doesn't mean that you've never solution-hop againFollow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

25 Apr 202313min

"Everything that makes you good at making money can also make you bad at investing." Today, Leila (@LeilaHormozi) shares with us the challenges entrepreneurs face when investing their money and provides frameworks to help them make smart investment decisions. She also emphasizes the importance of understanding the differences between success principles in business and investing.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:(1:34) - Money solves small problems but can create bigger ones.(2:55) - Best investors avoid extremely volatile investments.(4:03) - More investing time doesn't mean smarter investments.(5:41) - Working hard doesn't guarantee smart investing decisions.(6:40) - Too much attention on investing can lead to mistakes.Follow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

20 Apr 20239min

“Other people in your business are not responsible for obeying the feeling of guilt that you have.” Today, Leila (@LeilaHormozi) shares with us how companies often make the mistake of compensating employees inappropriately based on personal beliefs about money, which can lead to overpaying and setting improper expectations. She also suggests developing a pay methodology based on fair market value and avoiding paying people more incorrectly, which can set them up for failure in the long run.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:(2:45) - Entitlement develops with pay & overpaying sets up failure(5:21) - Pay should not be tied to emotions(6:30) - False belief #1: more profit equals more pay(8:12) - False belief #2: sudden increase equals raise(10:06) - False belief #3: more money equals better people(11:12) - Make a pay methodology to avoid guiltFollow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

18 Apr 202313min

“You see something that you aspire to, you try." Today, Leila (@LeilaHormozi) shares her experience of feeling burnt out and wanting to end her successful business. She explains how she transitioned from productively procrastinating to productively failing by taking risks and making big decisions to continue growing her 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:(0:32) - Burning out despite earning $4.4M a month(3:08) - Audit time, prioritize opinions, avoid small tasks(5:13) - Productively procrastinate by avoiding threatening tasks(7:39) - Avoid trying things that threaten your ego(8:38) - Shift from procrastinating to failing, audit decisionsFollow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

13 Apr 20239min

If you want to retain people, you have to help them ascend. Today, Leila (@LeilaHormozi) shares with us how to keep employees once hired, focusing on critical factors of employee retention: an opportunity for growth, measurable impact, fair pay, recognition, and community. She also discusses the importance of setting clear expectations, providing context, and emphasizing effective onboarding.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:(2:33) - Three pillars to training: context, expectations, onboarding.(9:14) - Five pillars of retention and ascension for employees.(12:01) - Have an employee growth plan for retention.(14:13) - Feedback to know what good looks like in training.(23:46) - Recognition: four ways to recognize people based on milestones.(25:21) - Create community within employee and client base for retention.Follow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

11 Apr 202328min

“People spend all this time trying to fix something that isn't broken”. Today, Leila (@LeilaHormozi) shares with us the difference between a seven-figure and eight or nine-figure CEO. She also emphasizes in order to move from seven to eight or nine figures, one must be selective about the problems they solve and focus on consequential and irreversible 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:(1:18) - Business perfectionism is a common misconception(3:01) - Be selective in problem-solving to reach 8-9 figures(5:57) - Be selective in defining problems(6:35) - Consider if the problem is consequential(7:59) - Test consequential decisions before making them(8:48) - More information leads to less risk in decisionsFollow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

6 Apr 20239min

Avoiding discomfort creates more discomfort. Today, Leila (@LeilaHormozi) shares the relationship between discomfort and entrepreneurship and how entrepreneurs need to befriend uncomfortable emotions and accept them instead of trying to solve them.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:(1:51) - Entrepreneurs create chaos in business to avoid internal chaos.(4:15) - It's normal to have internal chaos.(6:02) - In order to succeed, 50% of business life will suck.(7:14) - It's okay to feel negative emotions and feel like crap.(7:40) - Ask yourself if you're solving a problem or creating more.(8:53) - Horrible thoughts and feelings are normal & experienced by all.Follow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

4 Apr 20239min

Avoid these bottlenecks and help scale your business! Today, Leila (@LeilaHormozi) shares with us the three reasons companies struggle to scale: communication, motivation, and training. She also emphasizes the importance of effective communication, aligning incentives with behavior, and selling rather than telling when training employees.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:(2:36) - Entrepreneur’s struggle: communication, motivation, training.(3:37) - Communication: say, write, reinforce messages.(7:43) - Motivation: aligned incentives, right people.(11:23) - Training: sell, create, expose impact.Follow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

30 Mars 202314min