Build with Leila Hormozi How Managing Expectations Can Increase Your Revenue | Ep 85
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Oct 31, 2023 Effective leadership is key for business growth. Establishing core values and clear expectations fosters stronger culture and communication. Managing expectations can significantly boost employee engagement and productivity. Gradual change, along with consistent communication, helps reduce chaos and professionalize management. Prioritizing metrics and roles drives revenue and aligns teams with the company’s objectives, creating a more efficient and motivated workforce.
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Professionalizing Management
- Focus on professionalizing management to scale your business beyond initial growth stages.
- Implement clear management practices to address chaos, overhead, and churn.
Clear Expectations
- Clearly defined expectations are crucial for any business' success.
- Without them, employees don't understand how to contribute effectively or meet goals.
Games Analogy
- Leila Hormozi uses an analogy of different games (Monopoly vs. Checkers) to illustrate her point about expectations.
- Employees with skills may not succeed if they don't understand the "rules of the game" in a new company.