Build with Leila Hormozi Ask Me Anything with Leila! | Ep 69
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Sep 5, 2023 In a live Q&A session, Leila shares her journey of founding and selling businesses, emphasizing that confidence is a key ingredient for entrepreneurs. She discusses how to navigate feelings of inadequacy and the significance of having a mentor. Insights into the challenges of partnering with a spouse in business highlight personal and professional dynamics. The conversation also touches on adapting educational businesses from physical to online models, reflecting on the financial and logistical hurdles involved.
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Handling Business Downturns
- Acknowledge that business plateaus and downturns are normal, not failures.
- Investigate potential internal causes if a downturn is prolonged, but avoid overreacting.
Embrace Discomfort for Growth
- Feeling underqualified and like something could go wrong is a sign of pushing boundaries.
- Embrace these feelings as indicators of growth and stepping outside your comfort zone.
Confidence from Experience
- Leila Hormozi felt qualified to launch Gym Launch due to her extensive prior experience in the fitness industry.
- She and her husband, Alex Hormozi, had hands-on experience selling and managing gyms, giving them confidence in their expertise.