Action Academy | Replace The Job You Hate With A Life You Love You've Been LIED TO About Running A Small Business (Here's Why) w/ Leila Hormozi
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Mar 21, 2025 Leila Hormozi, a business operations expert renowned for her insights on scaling and team management, challenges the myth that small business ownership is passive. She emphasizes the crucial role of active management, the emotional labor involved, and the significance of authentic company culture, especially during mergers. Hormozi advocates for cultivating a workplace that prioritizes praise over punishment to inspire growth and engagement. Overall, she stresses the importance of continuous cultural and personal development in effective business leadership.
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Business Reality Check
- Building or buying a business is hard, contrary to popular belief.
- Glamorizing these processes sets people up for disappointment.
Attracting Operators
- Attract great operators by building a strong brand and reputation.
- Great operators won't work for a failing business, so invest wisely.
Passive Income Myth
- Leila Hormozi recounts a conversation where someone touted real estate as passive income.
- She points out the contradiction of managing a large team while calling it passive.