How To Achieve Success By Facing Your Fears (on The Ed Mylett Show) | Ep 228
Build with Leila Hormozi
Deep Dive
What does Leila Hormozi prioritize when selecting companies to acquire or partner with?
Leila prioritizes the person running the business (the 'jockey') over the business itself. She believes that the leader's adaptability and resilience are critical for success, as they can steer the business in any necessary direction. She learned this through experience, as early investments in businesses with the wrong leaders led to divestments.
What are common traits of failing entrepreneurs according to Leila Hormozi?
Failing entrepreneurs often rate themselves higher than others rate them, lack humility, and are unable to adapt or take feedback. They also struggle with self-management, including their emotions, weight, and relationships, which negatively impacts their businesses.
How does Leila Hormozi describe her relationship with fear?
Leila views fear as a constant presence when doing something worthwhile. She believes fear stems from the unknown and has learned to confront it head-on rather than avoid it. She describes courage as acting despite fear and has trained herself to perform even when terrified, such as speaking on stage or appearing on podcasts.
What does Leila Hormozi believe is the key to building true confidence?
Leila believes true confidence comes from humility, accurately assessing one's strengths and weaknesses, and the quiet, unseen work done when no one is watching. She emphasizes that confidence is built through consistent effort and self-respect, not external praise or recognition.
How does Leila Hormozi view mental health and emotions?
Leila distinguishes between emotions and mental health, arguing that feeling emotions like anger or depression doesn't equate to poor mental health. She believes modern culture often conflates self-care with avoidance, which worsens problems. Instead, she advocates for facing emotions head-on and using them as fuel for growth.
What does Leila Hormozi think about obsession and its role in success?
Leila sees obsession as a powerful tool when directed toward positive goals. She describes herself as obsessive and compulsive but uses these traits to achieve her objectives. She believes redirecting obsessive tendencies toward productive endeavors can lead to significant success, as she has demonstrated in her own life.
How does Leila Hormozi describe the role of leaders in adapting to their teams?
Leila believes great leaders are like chameleons, adapting their communication style to the person they are speaking to. She emphasizes that effective leadership requires understanding and connecting with individuals in ways they can relate to, even if it means changing tone or approach while maintaining core values.
What was Leila Hormozi's experience with her first company exit?
Leila describes her first company exit as feeling unimportant, as she was more focused on the pride of building a company that could thrive without her. She viewed the financial gain as a tool to fund her next venture, Acquisition.com, rather than a life-changing event. She emphasizes that real entrepreneurs are more driven by the process of building than the prize of an exit.
How does Leila Hormozi envision the end of her life?
Leila wants to live fully and intensely, focusing on using her life rather than preserving it. She aims to be 'used up' by the time she dies, having pursued impossible goals and lived in accordance with her belief in achieving them. She values a life of action and purpose over longevity.
Shownotes Transcript