Build with Leila Hormozi Figuring Out on Which Business to Start | Ep 1
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Jan 17, 2023 Learn how to train your brain with powerful decision filters for business opportunities. Discover a strategic framework to evaluate potential ventures based on personal strengths and passions. Uncover the significance of aligning business choices with your core values and mission statement. Leila emphasizes evaluating worst-case scenarios to make informed decisions. Plus, insights on steering clear of opportunities that don’t resonate with your personal and professional goals. Get ready to create an unshakeable business!
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Opportunity Overload
- Write down your top five business opportunities.
- Narrow them down using a framework to avoid feeling overwhelmed.
Initial Screening
- Research each opportunity's market growth rate, typical margin, and market opportunity.
- Eliminate any opportunities with more cons than pros based on these factors.
Personal Fit
- Analyze your likes, dislikes, strengths, and weaknesses related to each opportunity.
- Discard options you dislike or where your strengths don't align with business needs.