"Winners use that mistake as fuel to be better for the future, whereas losers use that mistake as a reason not to succeed." Today, Leila (@LeilaHormozi) shares her biggest mistake in building a 9-figure business, which was over-promoting inexperienced leaders. She discusses the importance of accepting the realities of your business, having a strategy for pay and promotions, and not letting mistakes beat you down.
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:
(2:03) - Accept reality, make tough decisions
(3:46) - Strategy for pay, promotions, and demotions
(6:47) - Be transparent in pay and promotions
(10:00) - Firing many staff hurts company culture
(12:06) - Use mistakes as fuel for future success
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