"If you wanna break your business, just go with your gut on what to charge, what to make decisions based on.” Today, Leila (@LeilaHormozi) shares with us the five mistakes that business owners should avoid to prevent breaking their business. She emphasizes the importance of using data to make decisions, focusing on one thing at a time, listening to customer feedback, maintaining clean data and financials, and being intentional about who is hired.
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:
(1:23) - 1st: Emotion-based changes, not data-driven decisions
(3:57) - 2nd: Adding complexity without considering infrastructure
(5:57) - 3rd: Ignoring customer feedback
(8:20) - 4th: Neglecting clean data and financial systems
(10:28) - 5th: Allowing inexperienced people to hire always
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