Build with Leila Hormozi Answering Your Questions About Building A Business | Ep 209
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Nov 22, 2024 Dive into the essential traits needed for a successful finance team, emphasizing trust and discretion. Discover the emotional resilience necessary for overcoming business challenges and the importance of aligning with the right partners. Explore profit margins and their impact on business models, with insights on choosing between low and high-margin operations. Finally, learn about the personal skills crucial for entrepreneurship, suggesting that those seeking comfort might thrive better in traditional jobs.
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Building a Finance Team
- Look for honesty, discretion, and trustworthiness in finance team members.
- Prioritize these traits over ambition, as finance teams often remain small.
Business and Happiness
- Don't let your business dictate your happiness; learn to be happy within the challenges.
- Many quit too early; the first few years are often difficult, requiring stress management.
Intuition vs. Logic
- Leila Hormozi differentiates logic (first-principles thinking) from intuition (recalling past experiences).
- She uses both but emphasizes logical reasoning for major decisions.