“You can't wait for you to change, and so you have to change them.” Today, Leila (@LeilaHormozi) shares the common mistakes businesses make when trying to scale from seven to eight figures. She also shares five main things that stand out to him when talking to companies and emphasizes the importance of not stepping out too soon and not being afraid to reinvest in talent.
Welcome to Build where we talk about the lessons I have learned in scaling big businesses, gaining millions in sales, and helping our portfolio companies do the same. Buckle up, because we’re creating an unshakeable business.
Timestamps:
(3:08) - 1st Mistake: incurring too much management debt
(7:06) - 2nd Mistake: the CEO stepping out too soon
(13:25) - 3rd Mistake: Fear of reinvesting in talent to grow the company
(16:17) - 4th Mistake: Unwilling to do the boring work.
(18:06) - 5th Mistake: Letting ego get in the way
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