“The reality is in order to make the business a good functioning big business, we just can't keep the same habits.” Today, Leila (@LeilaHormozi) explores the top five mistakes businesses make when hiring employees, including hiring from the same pool of people and ignoring red flags during the interview process. She also emphasizes the importance of diversity of thinking and hiring for practical experience rather than just potential.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:(4:07) - 1st Mistake: Letting likeness blind you(5:21) - 2nd Mistake: Hiring coaches, not player-coaches(8:08) - 3rd Mistake: Ignoring red flags(9:42) - 4th Mistake: Hiring from the same little incestuous pool of people(13:53) - 5th Mistake: Hiring for potential, not for practical experienceFollow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

“The less options you have proven out to them, the less likely they're going to want to buy your business." Today, Leila (@LeilaHormozi) shares her experience of selling three businesses and the lessons she learned along the way. She emphasizes the importance of financial performance, growth potential, revenue concentration, cash flow, recurring revenue, unique value proposition, and team strength in creating a sellable enterprise.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:(2:58) - #1: Revenue and margin's importance(3:47) - #2: Not selling during business decline(4:25) - #3: Sell when business is thriving(5:39) - #4: Diversify revenue for reduced risk(7:57) - #5: Recurring revenue indicates long-term potential(9:51) - #6: Differentiation through product, price, or promotion(10:47) - #7: Create a business that stands on its ownFollow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

"I just look at it now as trading problems rather than trying to find a perfect solution.” Today, Leila (@LeilaHormozi) shares insights on how to make better decisions and avoid making stupid mistakes when growing a business. She discusses the importance of taking action, reflecting, and having a decision-making framework, while also highlighting the common reasons why people struggle to make good decisions.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:(6:45) - Avoid net zero decisions for success.(10:56) - Take action and reflect.(15:07) - Trading problems, not finding solutions.(21:39) - Avoid dumb decisions, ask the right questions.(26:15) - Challenge assumptions for creative solutions.(34:30) - Assess risks and probabilities effectively.Follow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

“It's your responsibility to ask those hard questions to make sure that person's truly going to be a fit for the company in the long haul." Today, Leila (@LeilaHormozi) discusses the importance of involving the CEO in the interview process to ensure the best interests of the company and its culture are represented. She outlines a multi-phase interview process that includes skill assessments and culture fit evaluations.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:(1:07) - CEO involvement crucial for effective hires(2:43) - Importance of CEO's direct involvement in interviews(4:47) - Regular interviewing practice vital for improving skills(8:23) - Second interview assesses skills, strengths, and scenarios(10:54) - Third interview by CEO safeguards culture fit(12:12) - Gatekeeper interview ensures alignment of values and expectationsFollow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

"If you're drafting for your team, you need to understand what each position actually does.” Today, Leila (@LeilaHormozi) shares a mindset shift that can help businesses find the right people for their team. The key is to view the interview process as an education process, rather than solely focusing on the outcome of finding the right candidate.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:(1:13) - Find right hires, not just fill roles; key growth.(2:05) - Make choices, not emotional compulsions. Avoid stress decisions.(2:54) - Interview many to find the good; like reading books.(3:12) - Interviews reveal role essence; identify flexible & essential components.(4:22) - Importance of interviewing process; key to successful teams.(5:27) - Interview to educate yourself on roles; primary CEO role.Follow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition