Young and Profiting (YAP) with Hala Taha

YAPClassic: Leila Hormozi, How to Attract Top Talent to Your Business

Oct 18, 2024

Leila Hormozi, co-founder of Acquisition.com and a powerhouse entrepreneur, shares her insights on attracting elite talent and creating high-performing teams. She discusses the importance of character and integrity in leadership, emphasizing how a compelling company vision can draw the right candidates. Leila reveals her accountability formula for enhanced team performance and advocates for providing regular, constructive feedback. With her experience of scaling businesses to success, she offers actionable strategies that foster a people-first culture.

42:00

Episode guests

Leila Hormozi

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Fostering a culture of accountability through clear expectations, performance measurement, and feedback is crucial for leadership effectiveness.

Identifying world-class leaders requires assessing their industriousness, enthusiasm, and competitive greatness to ensure effective team management.

Crafting compelling job titles and providing a frictionless candidate experience are essential for attracting top talent in competitive markets.

Deep dives

The Importance of Accountability in Leadership

Accountability is positioned as a cornerstone of effective leadership and business operations. The concept serves as the 'glue' connecting actions to results, emphasizing that leaders must embody the role of 'chief accountability officers.' To foster a culture of accountability, setting clear expectations, measuring performance, and providing constructive feedback are vital practices. By implementing these strategies, leaders can enhance team dynamics and performance, ultimately driving business success.

Intro

3min

Essentials of World-Class Leadership

12min

Streamlining Online Business Operations

7min

Hiring with Heart: Building a People-First Culture

11min

The Power of Regular Feedback in Building Accountability

5min

Exceeding Expectations for Career Growth

7min

For years, Leila Hormozi gave her best effort at jobs where she never got a raise or promotion. She did it because she’s a high-integrity person who does everything with excellence. Now a master CEO widely known for her scaling and operations expertise, she understands how to build high-performance teams that retain top talent. In part two of this episode, Leila explains exactly how to attract and keep elite employees. She also shares tips for how to hold your team accountable, measure performance better, and give more productive feedback.

Leila Hormozi is an entrepreneur, investor, and philanthropist. She co-founded Acquisition.com with her husband, Alex Hormozi. By the age of 28, she had amassed a net worth of $100M.

In part two of this episode, Hala and Leila will discuss:

- The qualities of a world-class leader

- Why your character matters when trying to keep top talent

- Creating a top-tier job title to attract the right candidates

- Why you need a big vision

- Creating a frictionless candidate experience

- How to “buy people’s brains”

- Why you need to hire fast

- Spotting competitive greatness

- Leila’s accountability formula

- Why you need to give clear feedback often

- How employees can stand out

- And other topics…

Leila Hormozi is a first-generation Iranian-American entrepreneur, investor, and philanthropist. She is the CEO of Acquisition.com and is known for her expertise in scaling businesses by building flexible infrastructures and effective management systems that foster great workplace cultures and high performance. Following a successful turnaround business venture, she and her husband, Alex Hormozi, packaged his process into a licensing model that scaled to over 4,000+ locations in 4 years. Simultaneously, she launched and scaled three companies, generating $120M+ without external funding.

Connect with Leila:

Leila’s Website: https://www.acquisition.com/

Leila’s LinkedIn: https://www.linkedin.com/in/leila-hormozi-32a580a5/

Leila’s Twitter: https://twitter.com/LeilaHormozi

Leila’s Instagram: https://www.instagram.com/leilanhormozi/

Leila’s YouTube: https://www.youtube.com/@leilahormozi

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