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I've been in business for 10 years, and here are 10 lessons that I've learned in this last year that helped me have my best year yet. So hopefully by the end of this video, you can too. The first business lesson is that missed opportunities are not problems. We were going to do a book launch for Alex in the very beginning of 2025. And so over this last year, we've just had a tremendous amount of opportunity in all divisions of the business. And so we're ready to do this launch from a, like, the product is done standpoint, but from a team bandwidth standpoint, there is none. And when I looked at the cost, the cost of following through with doing that launch is that two other things that are going very well and growing very fast would suffer because they would use the same resources, because those resources were planned to handle this. I came to him and said, I think it's best that we push it, because could we do it? Yes. At what cost? Not one that I'm willing to pay. We have a lot of people that are tapped out at this point. I. I would be tone deaf to put more work on people's plates. And so I said, this isn't a problem. It's a missed opportunity. And it's actually a missed opportunity that if we capitalize on, makes our real problems worse. Sometimes things don't go according to plan. Sometimes things go better than according to plan. And then when that happens, sometimes it fucks up other plans that you have. And the reason for that is because the real problems that I have in my business, they're things on the back end of my business. But sometimes if you capitalize on all the opportunities, you just stoke the fire of the problem that exists and make it worse. I said, I never want to make the same mistake twice. That's one thing that I have, like, kept myself to in my business career. And what I recognized is that I felt very similar to when I had Gym Launch and Prestige Labs. During the conversation, I essentially ended up folding. And then what happened was what I was afraid of, which is it diluted our resources, it diluted my attention, it. And it was the business that I was the least proud of building because it wasn't done well. The frame that I always put myself under is, under what conditions does it make sense to capitalize on this opportunity? It's not about time. It's conditions. If I can get these 30 people hired, then under those conditions, it makes sense to do a book launch. If those conditions don't exist, then this book launch will Actually make our problems worse. Most companies die from the inside out. Bad internal decisions, bad internal hiring and firing, bad internal culture. The little shit is what kills a company. Most companies die by indigestion, not starvation. If you only have one opportunity, then all your attention is going to go to that opportunity. Let's just point to something minute that you would think wouldn't make a lot of toothpaste. Everybody uses toothpaste. Think about billions of dollars have been made off of toothpaste. People might be like, oh, but like, we're missing out. We should have toothbrushes, and we should have floss. Yes, but you could also make a billion dollars off toothpaste. And if you're only focused on toothpaste, you're probably gonna put a lot more effort there, and you're probably gonna get there a lot faster. And so a lot of people have this imaginary rush that causes them to capitalize on opportunities that they're not ready for. When you try to force things, you try to force conditions rather than allow conditions to happen. It makes it a lot harder to do. And so if you're an entrepreneur and you're looking at, like, this year, I have an opportunity to do something. I want you to ask yourself, what's the cost of capitalizing on that opportunity? Have I solved my biggest problem before tackling my biggest opportunity? If we solve the problem in our business, the opportunity presents itself. Now, here's the last thing I'll say. One habit that I have never let myself get into. Regret of a missed opportunity is worse than failing a missed opportunity. Regret is truly useless. And what you're doing is you're stealing attention from capitalizing on the next opportunity. And so if you do say no to an opportunity, do it without regret. The next business lesson is that there is no one solution. About a year ago, we started our workshops division, and it started with an absolute boom. And so we'd been doing this for about six or seven months, and then for a period of, like, two weeks, I noticed that there weren't as many people referring other people to the workshop. And I was like, well, why would our word of mouth go down? I don't understand. Like, why would it get worse, not better? I remember sitting there thinking, and I was like, I think actually what it is is that people habituate to things, and when they habituate, they start to slip. And so then I sat in for the next three workshops. The greeters that were supposed to greet people, when they walked in, they were not on time. And in fact, we didn't have as many as we had in the past. Lunchtime, some people were taking meetings, they were with portfolio companies, so they just decided not to show up for lunch. So we had less people socializing at lunch. Goodbye. One thing that I have emphasized is that it's really important to say hello and goodbye to people. And people actually were not saying a kind farewell. It wasn't any one thing. It was a hundred little things. And so as I observed this, we have to go full bore into this. I can make sure this is a great experience. If it's a bad experience, I'd rather not do it. When people have a problem they're trying to solve, when something goes wrong, when a metric isn't where we want it to say, sales are dipping, revenue is dipping, people are complaining, customers aren't staying, whatever it is, like, what's the one thing? And we're searching for some magic answer when it's actually just 100 golden BBs. I explained this concept to my team. I explained to them, this is 100 Golden BBS. It's not one silver bullet. And here's all the things that I believe have led to people not telling as many people about this. So what we did is we made sure the greeters were there on time and there were more greeters. We made sure everyone was at lunch, we made sure everyone was at the breaks. We made sure people said hello, goodbye, People called people by name. What happened. We went back to the same stats we had prior within one workshop. It wasn't any one thing. It was like, I think my list was like 11 things that we did. Everyone had a different reason as to why something worked or didn't work. You know what that taught me is that every business is built on a thousand details. I think in the beginning we feel like we find silver bullets because we don't know how many bullets left there are to make something really work. Once you really get into business, you realize, like, it is all about the details and it is everything. It's not just marketing and sales. It's marketing and sales and CS and IT and operations and hr. The second thing it taught me is that attention to detail is the currency of success in business. Something that I tell my team is we don't teach excellence, we demonstrate it. What I mean by that, what you say to them doesn't matter. How you say it to them matters. When someone comes in for a workshop, are they going to listen to me talk on stage about business if my team can't even say hi at the door? I think not. But what I did learn from this last year is the amount of details that go into maintaining excellence. And so if you're looking at your business and you're thinking, you know, I think I need to change who I serve, I think I need to change my product, I think I need to completely redo my price, I think, you know, more often than not, it's not a strategy question, it's an execution problem. And as you grow, execution only gets harder. Because what is execution? It's not just you doing stuff, it's your ability to get tens or hundreds of other people to do stuff for you. So if you're trying to figure out what do I need to do for my business this year and things aren't working, like I beg of you, try and fix 11 details before you try and fix one big strategy. The next business lesson is that most people won't buy in until they see it work. It actually goes with the last lesson I just talked about, which is, you know, we start up this workshops division. When I had the idea for doing this, I was very certain it would work. And I understand what skills are required. And I've also myself put on probably 50 workshops in my career, just in a different business. And so I'm thinking this is a no brainer. But my team was like, this doesn't make sense. How are we going to do this? I spent so much time trying to get everybody to like my idea and trying to tell me that they think it's a good idea before hitting go. And what I realized is that only a few people will believe it before they see it. More people will believe it after you really try to convince them. But most people will not believe in something and won't buy into something until they see it work. And I recognize that this is the case. And what I actually don't want is I don't want everyone to agree with me and I don't expect everyone to agree with me. I don't expect everyone to say it's going to work. Instead, what you want is you want people to act as though the idea has a fighting chance so that you can find out if it actually does. Most people doubt something will work until it becomes so obvious that it is impossible to ignore. And I was reminded this last year of the fact that buy in is impossible to get from 100% of your team. People come to me a lot and say, like, I want my team to buy in. What you actually want is you don't need them to believe it will Work. You need them to act as though it could possibly work. Because if people act as though it will never work, then they will not execute 10 out of 10. And then you don't even know if the idea will work or not. You don't need them to believe like you believe that it's going to happen. And you shouldn't expect that only a few people are going to be like that on your team. But that shouldn't stop you from taking action. This was a really great lesson for me because I had a lot of people on my team coming to me. I'm concerned. I don't understand. I don't think this is gonna work. I said, I don't need you to believe it, but I do need you to execute as if it has a fighting chance. And that was what I told everyone on my team. And ironically, after they saw it work, then everybody was very supportive of it. They laughed at Galeo until they looked through his telescope. So it's like people will laugh at you, they will mock you, they will tell you your idea won't work. The people closest to you will do this. That's normal. And honestly, if everybody tells you that your idea is going to work, then you're probably being lied to and they're probably scared of you. I will never punish somebody or fire somebody for having a different opinion. What I won't accept is if somebody doesn't give it a 10 out of 10 shot by not executing. Because there's many times where, you know, somebody that reports to me wants to do something a certain way, and I'm like, I don't think that's going to work that way. But I support them as if I think it could. And then sometimes I'm proven wrong, sometimes I'm proven right. Either way, I don't believe it until I see it. The next business lesson is that you want to bet on the jockey, not on the horse. No matter how fast the horse is. Sometimes we see a business opportunity that's just so obvious, it's so easy that I'm like, there's no way this is not going to work. You know what that did is it sort of blinded me to the fact that I kind of took the founders at face value. I didn't dig very hard to test how much of a founder fit they were to see that they shared values. All these little things that I saw in the beginning, but that I didn't push on became big with those founders. Lack of discipline, lack of self management actually led to them not being able to grow their business, even though the business opportunity is one that is a clear winning shot. The founders inability to manage themselves, the founders inability to discipline themselves got in the way. Turned what was like the fastest horse into like this horse with like a limp leg, like just trying to cross the finish line. A great leader, a great CEO, can make an average idea succeed. And a poor leader can make even the best idea fail. Now if you're looking at hiring people, I think this is another area where I've just seen that in the past I've bet on the horse, not the docky. What do I mean by that? I actually consider the horse when I'm hiring people to be their experience rather than if they're a fit for the team I've hired. People have been like all stars at Microsoft and Google and I brought them in for them just to fall flat because they weren't a culture fit, they were not a values match, but they had this insanely cool experience. And so I bet on the experience rather than the person. If in your business right now you're looking at how do I want to set myself up for success in the coming year no matter what, I know it is hard because you can't measure what you have to gain. You only measure what you have to lose in these situations. If you're in that situation, you're like, well I would lose this. All this experience this person is going to bring. But you don't know what you have to gain by saying no to this. Nothing is better than the wrong thing. I'm going to bet on the jockey. I'm done betting on horses. And if I can't find a jockey that I like, no jockey is better than the wrong jockey. The next business lesson I learned, when incentives are designed poorly, they can sabotage even the best of businesses and teams. One thing that happened for me in this last year is that I think that I was behind the eight ball with a couple of departments in terms of getting incentives in place quickly. And so because of that was that when people don't know how to make more money in their role, they want another role. And so what it incentivizes if you don't have what I call like a technical track for performance, meaning you don't know how to pay an individual contributor more for doing better work, then they say, well, I would like to be a manager. Most people don't inherently want to be a manager or leader. Most people just want to make more money or they want to feel like they're improving. If people are Given a clear path to improve in the role that they have, most people opt for actually just staying in that role, making more money, getting a better title, improving there. But because I got that behind the eight ball, what I realized is that in a couple of the departments, what they're incentivized to do is to try and stop doing the work that they are doing as quickly as possible and start managing people as quickly as possible. You create this environment where people feel like the only way that they can grow in your company is if they move up into management. And then you also incentivize people to stop doing the work that they might be best in the world at. Then what it does is it creates this, like, very contorted culture where it's like, people will essentially sacrifice what they want for what they see as rewarded. And so what I saw is that in two departments in my company, because people were incentivized to move up in their management roles, being a director to a senior director, they were just trying to get more people under them so they could move up faster. And that's because I failed to show people how they could make more money staying where they were. And so what it does if you don't do that is it incentivizes bloat in a company. It is in that person's best interest to create a big team, because they know if I get these people under me, I get to move up into this position that they've expressed they really want, but they don't see a way to do that, to move up into that position unless these things occur. Something that's really difficult is to incentivize people immediately. In the beginning of a business, I just put people on salary for the most part. I don't have many incentives as the business within 18 months or 24 months is at a point where it's more mature. I have clear metrics that I know I want to hit, and I know the averages for them. Then I'm going to say, okay, I want to tie people to these having metrics that incentivize the behavior that you want. Incentives are based on having baseline metrics. You cannot incentivize people to do better until you know what average is. So, one, you have to know what you want out of a person or a department. Two, you have to know what average looks like and what below average and above average are. When a business is a year or two years old, I have a very hard time setting incentives that are very specific because metrics tend to change so Quickly, what was a good close percentage when you're at month three is probably pretty shitty at month eight because you gain so much efficiency so quickly. It's like you grow out of a compensation plan very quickly. And so how do you stop this? You can stop it by showing people how to make more money without moving up and incentivizing performance, not just on moving up in a company. So what that looks like is you have two tracks in a company. You can have a management track and you can have technical tracks. Most tracks in a company should be technical tracks, meaning people can learn how to make more money in their current role. Only a few people get put on a management track because it doesn't make sense for a company to have 17 people going on a management track. You don't need 17 managers. More management is not always better. No, management is actually not better either. What I learned is that I need to pay more attention as the company's growing to making sure I get these things into place faster. That reminds me of this quote by Charlie Munger, which says, show me the incentives and I will show you the outcome. And so if you want the outcome of your business to be one where you have really strong leaders and you've got really strong individual contributors, you need to have a technical track and a management track. The next business lesson that I learned this year is that you have to prioritizing solving personal constraints before business constraints. I had a time about four months ago where I had actually three departments that I thought needed change. And there was one that made the most sense to tackle. But I was speaking with one of my friends. He asked me this question which prompted me to remember this. He said, yeah, but which one is the one keeping you up at night? And I was like, well, it's this department. He's like, well, why? I'm like, well, this person is taking six to seven hours of my week every week because of their emotional needs, because of their coaching needs, because of, like, their dependence on me. And because of that. And then. And then underneath that is now the department has these issues, and then this person is relying on me to help solve those issues. And like, but the thing is that that department's not a constraint. This department's a constraint. And he said he was like, layla, you won't have the power or attention to solve the real constraint unless you solve your personal constraint. And it was just such a good reminder for me because I am really good at putting others and the business ahead of myself because I look at myself as, like, I'M a steward of the business, and I need to do what's best for it. Because if I do what's best for the business, I protect everybody else. Sometimes it doesn't look good, sometimes it's not something people are going to like. But I know that the goal is that the business does two things, survives and succeeds. If it does those two things, then I protect my team. But the thing that happened is that over time, I've gotten more skill and I've gotten more capacity. And so my ability to take on more has gone up. And what I recognized this last year is that that's not always a good thing. Because what I was saying, what is the number one problem in the business? I need to focus on solving that one. And yes, there's these things that are bugging the shit out of me, but I'm not going to solve them because this logically makes the most sense to do to grow the business. However, if my attention, which is arguably the most costly attention in the business, if I'm only able to use 60% of it to solve this problem, because 40% of it is taken by this thing that really personally is frustrating me, then I can't even solve the problem in front of me to the best of my ability, because my attention is being sucked. And so what it does is it gives you more power to solve the business problem once you've solved the problem that you have a personal issue with. And so I'm sharing that with you, because if you're going into this next year and saying, like, what do I need to solve first? Sometimes you gotta handle your personal shit. And it doesn't even need to be personal. It can be the thing that takes the most attention from you. You know, for me, this was, quote, personal because it took so much of my discretionary time, you know, and that's because I care for the people in my company. I care for the departments. And so if somebody is needing my attention, needing my help all the time, and there's things going on that maybe aren't aligned with the culture I want to build, that takes my attention. And these things are happening in the back of my head, yet I have a problem in front of me that's completely unrelated. And so for you, that could be a business problem, it could be a personal problem. Think about whatever that problem is. It's just stealing from you, your power to actually tackle the number one thing in your business. The reason why I think business is such a great vehicle for personal growth is that if you really want to grow the business, you have to tackle the things that constrain you before the business. You know what it really reminds me of is this quote, which is the bottleneck is at the top of the bottle. And so you, you have to free yourself first and the business will follow. The next business lesson is that momentum makes everything better. When I first started in business, I just fell into it. We had been working really hard for two years launching gyms, and then suddenly we got product market fit and things took off. There was no like planning on a whiteboard, six year plan, like there was nothing. And over my business career, what I learned is that the ideal is that you create a flywheel. A flywheel is a system where all the parts make the whole better. And a flywheel creates momentum in a business. So if you improve this piece of the business, it makes this piece better as well. And for a long time I really wanted to have that in my business and I didn't have it. I tried to create it in gym launch and it just didn't really work as well as I wanted to. And so When I started acquisition.com, my main goal was like, how do we create a flywheel in this company so that we have momentum? Because if I have different divisions of a company, but they don't make each other better, then you get less return on your effort. So we have our brand. What our brand does is it allows us to get proprietary deal flow, meaning we get access to deals that nobody else gets. Most of the people that come to us and want to partner with us, they're not looking to sell to another PE firm, they're looking to sell to us. And if they cannot sell to us, then they don't want to sell. So that's proprietary deal flow. Then getting those companies, we share the stories of those companies, we share the wins of those companies, and we share all the lessons that we learned through growing those companies, which creates more deal flow for us. And then that deal flow we say, okay, well we can't take all of these into the portfolio because that's not our model and they don't qualify. And so instead what we're going to do is put them into incubation program, which is our workshops division. The workshops division creates content, it also creates deal flow. And so what that looks like is like workshops create deal flow for portfolios, workshops create content for brand, brand creates deal flow for portfolio, brand creates deal flow for workshops. You see, it's the self fulfilling machine. And what happens is that if you design your business this way, then it is inevitable that you succeed. An example of this would be like fitness. Think about compound movements. So why is it that we want to prioritize like squats, You've got bench and you've got deadlift. Why are those the core foundation of working out? Because these create more momentum. They don't just isolate one body part, they actually make all the party parts better. So, so if somebody's trying to grow muscle, they're going to do compound movements. They're going to do a lot of volume on those compound movements because they know that when you do squats, you're not just growing your quads, you're also growing your glutes and your hamstrings and your calves. Same with deadlifts. And so what that means is that now if I grow my brand, I also grow my portfolio and my workshops division and my ventures division. I don't just grow. One thing this year has proven to me that if you create that flywheel, everything gets easier. Now what does this mean for your business? Is that as you say, hey, maybe I want to add a new product, maybe I want to add a new division. How does that product or how does that division grow the others? This forces us to be actually strategic and it forces us to create a flywheel effect. Jim Collins said this. A flywheel is a self reinforcing loop. Once it's in motion, it is unstoppable momentum. And so if you want to build momentum in your business, if you want to create a flywheel, think, how can I be strategic when I add a division or I add a product so that it makes everything better, not just one thing. The next business lesson is that executives are rarely let go for performance. I had to part ways this year with a couple of executives in the company and I said, why did this not work? It wasn't that these people were not performing and it wasn't that they were even misaligned with the values. It was that for the most part, they were misaligned with the vision or the founders. So they were misaligned with where we were going. Because values, in my opinion, are how you get there. Performance is going to say how fast we're going to get there, but where are we going? And if somebody on your team wants to end up somewhere that you don't want to, it's really hard to work together because they're just opposing your vision at all stops. Misaligned leaders break companies. Aligned leaders build legacies. And so for me, I had a few people that were very close to me that I loved working with, that were very high performers that were really competent, but they weren't aligned. They were trying to influence me to go to their vision rather than the one that I've had for five years since I started the company. And what that does, the lack of unity at the top creates chaos at the bottom. And so their departments bear the brunt of that, as do other people in the company. Because what they see is that when you're on leadership calls, when you're on executive calls, people can tell that there's misalignment. And so what I learned is that misaligned leadership is like having a car with its tires all pointed in a different direction. What happens is it goes nowhere. And so if all the leaders at the top are not aligned, the car will not move. Sometimes that person never had the same vision to begin with, or that that person thought they could change my vision or that that person developed a different vision along the way. It's kind of like if you're in a relationship with somebody and you're both like, we want to have a family and a white picket fence and kids. And then, like, two years in, they're like, hey, I actually want to live in the city, and I don't think I want kids. And you're like, wait, what do you mean we're going to have this house? Like, that's what we've been talking about. You can want that, and I can want this, but, like, we can't really be married. Ultimately, misalignment is why it doesn't work with people who are very competent. And also, culture fits. It's like a marriage with one person wanting the house with the white picket fence and one person wanting to live in the city. And so, something that you can ask yourself as you go into the new year, is my leadership team creating alignment, or are they creating disunity? Do I have leaders or high performers on my team that are culturally aligned but don't want to go the same place I want to go? There's nothing wrong with that, but it can't work in the company. The next business lesson I learned is that businesses grow faster than most people can grow. In one situation, I had a person who was fucking killing it. That role got promoted by the company growing, and then that person who was killing it became actually, like, the biggest bottleneck in the company and, like, millions of dollars at stake because of this person's incompetence. But what I was really lucky for is that I did not over Title that person too much. And so what I was able to do was to bring somebody in above them. And then that person was able to take that person who had been a star and then turn into like the biggest struggling person and make them a star again. Because what they did is they filled in the gap. Oftentimes when you over promote somebody or the business over promotes somebody, it's like seven to 10 skills that they're lacking, and that could take a year or two years for them to acquire. If the business doesn't have time to wait, then you need to make sure that you bring somebody in to bridge the gap in the interim. There's a principle that really extrapolates this out. It's called the Peter Principle. And what it states is that in a hierarchy, every employee tends to rise to the level of their incompetence, meaning they're promoted based on their ability to do their current job well, not on the potential to do the next job well. So, for example, say I have somebody who's a controller in my company, and then you say, you know what? You're such a fucking good controller, I'm going to promote you to cfo. But the skills to be a CFO are not the skills to be a controller. And so you can take somebody who is a great controller and then make it terrible cfo. And so what happens is that individuals rise to a position where then they're no longer competent. And then what that does is it creates a ceiling of incompetence. The business can no longer grow because of the incompetence of the person that you have put in that role. And so you've essentially taken someone who's like a superstar and turned them into like the biggest struggling person in the organization. And then a business is only as strong as its weakest link. So if you have six leaders in the organization, but two of them are at their level of incompetence, meaning they're not competent for the role they're in. Those weakest links are the strength of the organization. You start to create this dynamic too, where it's not just you that feels it or the other leaders, but it's other people that are their peers that start to say, what's going on? Why aren't they doing a good job? Why this? Why that's what happened to me this year is that I didn't actually promote anybody, but my business promoted them because it grew so fast. If a company quadruples or quintuples in a year, then the person who was the Operations manager at the beginning of the year is not competent to be it at the end of the year. And so that's always why I'm like such a fan of under titling, because then you can bring somebody in above eventually if the business grows too fast and you don't have to worry about demoting people or letting people go. And so if your business right now you're looking at it, you're like, we're growing really fast. I want you to understand that there's two things that could be occurring. Either one, you promoted people based on the skill that they have in their current role, not the skill that they would have to do the next role. Or your business grew so fast that your business promoted the people for you and they're no longer competent in that role. And so in that case, you have decisions to make, which is if you promoted them, then you can try to offer them a step back down and position it in some way as a benefit. On the other instance, if the business promotes somebody in their role, then I think you have a better shot at bringing somebody in a level above them to help bridge the gap. Because the likelihood is, if the business has grown really fast and they're outgrown for their role, you probably do need somebody above them as well. Over promotion turns talent into a liability. And a bad fit in a good role is actually worse than no fit at all. So ask yourself this, like, is the growth of my business outpacing my team's ability to grow as leaders? And if so, what can I do to prevent over promoting people past the point of their ability? Because the leadership team is the most important team to pay attention to. Because leaders multiply themselves. If you have an incompetent leader, you will get an incompetent team. The last business lesson is that business is personal. What I watched over this last year is one of the founders of one of my companies. Essentially their personal life was in chaos. And they kept telling me that it is not going to affect the business. I didn't believe them because essentially everything that was happening on a personal side started to seep into the business side. This person formed a lot of bad habits. They were hanging out with a lot of people who weren't good influencers. And so what happened is that we had a business that was growing year over year for four years and then cut in half because this person's attention was going towards all this drama. And so all these things that were happening outside took away all their attention that they could have for their business. You cannot compartmentalize chaos. If your personal life is in shambles, your business will soon be in shambles as well. This is a lesson that I've learned for myself, and I feel really fortunate because I had a mentor in the beginning, and. And he said, your personal life is your business life. If you wanna be regimented, if you wanna be happy in your business life, be all of those things in your personal life. And so I've always tried to live my life in a way where in order to succeed and achieve my goals in business, I have to actually also achieve those things personally in order to show up in a way that doesn't create chaos in my business. Your attention is like a jar of marbles. And so if you're drinking, you've got five marbles here. If you've got an issue with your mom, it's five marbles here. If you have a bad marriage, it's 10 marbles here. And so everyone looks and they only have five marbles. And then they try to grow their business with those five marbles. And then they say, well, why can't I grow my business? He says, well, you got to pick up your marbles from all the places that are stealing them and get them back. The first thing I did before I started my first business was I said, where am I leaving marbles? There were some things that me and Alex hadn't hashed out or agreed upon before we had moved in together. And so we had to have those conversations. And so I did is I picked up all these marbles from all these places. I put them back in my jar. Some people say, like, how'd your business grow so fast? I had more marbles than you. I picked them all up. I'm constantly saying, what other areas of my life are stealing my marbles? It's not that you have to say fuck off to everything else in life. It's that you have to say, how do I get my marbles back so that they actually give me more marbles rather than take more marbles. If you have a great body and physique, you probably feel better when you show up at work. If you have a great marriage, then you probably feel better when you're going into your business because you feel supported. The point is, is that you cannot compartmentalize chaos. If your personal life is a mess, it's stealing from your attention to do business. If your personal life is in order, that will give you the attention to go into business and just be a fucking savage. The greatest threat to your business is not your competition. It's your unresolved conflict with yourself and other people. Your personal chaos will always bleed in to professional clarity. You will not be clearing your business if you have personal chaos surrounding you. And so the question that you want to ask is, are the things going on in my personal life affecting my ability to lead and grow my business? And if they are, that should be your number one priority right now. Go figure that out. You know, a great rule that Alex and I have always had is, like, we always have to feel really good about our relationship. Otherwise, we can't show up and, like, go to war together every day to, like, grow this business. We would take an hour, two hours, whatever it took before we showed up for everybody else, because we knew that unresolved personal conflict leads into business.
Podcast Summary: "How To Win BIG in 2025 (My Top Business Lessons of the Year)" | Ep 228
Build with Leila Hormozi is a podcast dedicated to uncovering the secrets of building unshakeable businesses. Hosted by Leila Hormozi, a formidable entrepreneur who surpassed $100M by the age of 28 and is scaling acquisition.com into a billion-dollar portfolio, the podcast delves into the myriad lessons learned from managing and expanding large enterprises. In Episode 228, titled "How To Win BIG in 2025 (My Top Business Lessons of the Year)," released on January 10, 2025, Hormozi shares ten invaluable business lessons gleaned over the past year. This detailed summary captures the essence of her discussions, insights, and conclusions, enriched with notable quotes and timestamps for easy reference.
Leila begins by dispelling the notion that missed opportunities are detrimental. Using the example of a planned book launch for Alex in early 2025, she illustrates how overcapitalizing on opportunities without considering resource constraints can exacerbate existing problems.
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Business challenges are multifaceted, and relying on a single solution rarely addresses underlying issues. Leila shares her experience with the workshops division, where multiple minor adjustments collectively restored performance.
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Leila addresses the common challenge of gaining team buy-in for new ideas. She highlights that most team members require evidence of success before fully committing to a new initiative.
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This lesson emphasizes the importance of investing in people over ideas. Leila explains that the right leadership can transform an average idea into a successful venture, whereas poor leadership can derail even the best concepts.
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Proper incentive structures are vital for fostering desired behaviors within a company. Leila discusses how inadequate incentives can lead employees to prioritize managerial roles over their core functions.
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Leila highlights the importance of addressing personal limitations that can impede business growth. By resolving personal challenges, leaders can better focus on and solve business-related issues.
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Building momentum through strategic improvements creates a self-reinforcing system that propels business growth. Leila draws parallels between physical fitness and business operations to illustrate this concept.
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Performance alone is not the sole reason executives are dismissed; misalignment with the company's vision plays a significant role. Leila recounts instances where high-performing executives were let go due to their differing visions.
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Rapid business growth can outpace the development of leadership capabilities, leading to bottlenecks. Leila discusses the Peter Principle, where employees rise to their level of incompetence, and how to mitigate its effects.
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Personal life intricacies have a profound impact on business performance. Leila underscores the necessity of maintaining personal stability to ensure business success.
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In Episode 228 of Build with Leila Hormozi, Leila provides a treasure trove of insights for entrepreneurs and business leaders aiming to scale their ventures effectively in 2025. Her ten business lessons, backed by real-world examples and personal reflections, offer a comprehensive guide to navigating the complexities of business growth. From prioritizing personal well-being to ensuring leadership alignment and creating synergistic business systems, Leila's teachings emphasize the intricate balance between strategic execution and personal development. For those seeking to build unshakeable businesses, this episode serves as an essential roadmap.