Build with Leila Hormozi The Formula to Managing a $100M Team | Ep 4
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Jan 19, 2023 Explore the pivotal role of accountability in transforming teams into high-performing units. Learn how to identify a lack of accountability and the crucial expectations that drive success. Discover the two types of expectations every organization must define and how to measure effective performance. Feedback is emphasized as a vital tool for growth, helping teams achieve their goals. Dive into strategies that ensure clarity and direction, leading to significant improvements in productivity and results.
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Accountability's Impact
- Lack of accountability, not tactical issues, hinders business growth, especially below $15M revenue.
- This often manifests as needing to constantly follow up with employees or feeling like the business runs solely on the owner's efforts.
Portfolio Company Success
- A portfolio company operator blamed employees for lack of progress.
- After implementing Leila Hormozi's accountability framework, he realized he was the issue, leading to a 30% revenue increase.
Accountability Formula
- Accountability is achieved through expectations, measurement, and feedback.
- Feedback amplifies the impact of expectations and measurements, driving better results.