The Futur with Chris Do

274 - Building Businesses The Right Way — with Leila Hormozi

26 snips
Jan 17, 2024
Leila Hormozi, a serial entrepreneur and investor, shares her remarkable journey from fitness trainer to building a multi-million dollar holding company with her husband. She discusses the importance of personal quirks in leadership and why critique often outweighs compliments. Leila emphasizes a collaborative business approach that nurtures workplace joy, and she underscores learning from failures over celebrating mere successes. Her insights on creating impactful investments and maintaining authenticity offer a fresh perspective on entrepreneurship.
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ADVICE

Prioritize Constraints

  • Focus on fixing the biggest constraint in your business for the highest return.
  • Don't try to fix everything at once; prioritize and tackle one constraint per quarter.
INSIGHT

Key Founder Traits

  • Look for founders with an unfair advantage, like one exceptional skill they excel at.
  • Supportive family and partners are also crucial for founders to avoid self-sabotage.
ANECDOTE

Divesting from Failing Investments

  • Leila Hormozi decided to divest from her bottom three investments after a year and a half.
  • This decision stemmed from the founders' inability or unwillingness to adapt and improve.
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