Build with Leila Hormozi Answering Burning Business Questions at a Live Q&A | Ep 172
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Aug 14, 2024 The podcast dives into the emotional challenges of layoffs and the importance of compassionate communication. It shares winning strategies for attracting high-profile clients, emphasizing value and uniqueness. Balancing emotional leadership with data-driven insights is discussed, especially in team dynamics. Effective team engagement and customer retention strategies highlight the need for strong communication. Lastly, it explores growth decisions in the medical field and ways to combat employee burnout, focusing on recognition and support.
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Laying Off a Department
- When laying off an entire department, shoulder the responsibility and meet with each employee individually.
- Offer a generous severance package, letters of recommendation, and help them find new job opportunities.
Transparency in Leadership
- Be transparent with your team during difficult times, even when it's uncomfortable.
- Honesty builds trust and reduces fear, ultimately contributing to a stronger team culture.
Remote Team Engagement
- Implement weekly reports to stay connected with remote teams.
- Respond to every point in the reports to demonstrate you value their input.