Leila Hormozi Quotes

“5 Ways to break your biz (and how to avoid them)

1. Make emotion based decisions
2. Add more complexity
3. Ignore what your customers want
4. Neglect your data
5. Let unexperienced leaders hire”

“7 Money habits that are keeping you poor:

1. Sacrificing tomorrow for today
2. Not keeping track of spending
3. Pretending like debt isn't there
4. Buying things, not time/knowledge
5. Not saving
6. Trying to look rich
7. Getting complacent”

“8-step framework to start a business:

1. Write down your opportunities
2. List pros and cons
3. Find your margin
4. Research the market opportunity
5. Toss opportunities that have more cons
6. List your likes and dislikes
7. List your strengths and weaknesses
8. Find your worst case scenario”

“Becoming an entrepreneur is one of the fastest paths to self-discovery and purpose.”

“Discipline isn't just about self-control. It's about creating a purpose and values so exciting your desire becomes greater than your fears.”

“Don't let emotions control your bank account.”

“Everytime I feel the impulse to do something in the moment, I repeat: I will not trade short term comfort for long term dysfunction.”

“Four mentalities you need to go from wantrepreneur to entrepreneur (fast)

1. Embrace the worst case scenario
2. Focus on learning > winning
3. Set low expectations
4. View everything as an experiment”

“How to create urgency

1. Master three elements to create a sense of urgency: purpose, opposing force, and time
2. Purpose provides direction and motivation for team members
3. Opposing forces (e.g. competition, deadlines) increase urgency to work harder
4. Time pressure motivates but with realistic expectations and resources.
5. Communicate clearly, set tight deadlines, and provide support
6. Reward and hold team members accountable.
7. Create friendly competitions”

“How to get promoted:

1. Be adaptable
2. Identify what level you're at
3. Figure out what things you need to do to level up
4. Keep yourself accountable”

“How to hire top-tier talent

1. Read every resume
2. Study their past experience
3. Use the 7-Step Interview flow
4. Be patient & be picky”

“How to hold your team accountable:

1. Set clear expectations
2. Establish & track relevant KPIs (push and pull)
3. Give your team regular feedback (daily)”

“How to make six figures

1. Communicate salary expectations during the interview process.
2. Compare similar salaries to determine a reasonable salary to ask for.
3. Ask around for insight on pay in your field.
4. Build skills and gather evidence to create leverage.
5. Present your case for a raise to your boss with numbers, facts, and testimonials.
6. Persist in asking for a raise, be strategic with timing and new evidence.”

“How to retain top-tier talent

1. Set expectations early on
2. Give context around their job/role
3. Ensure they're onboarded properly”

“If you give up like everyone else, you'll end up like everyone else.”

“In life, it's important to make money. But it's just as important to think about how you make your money. And why you want to make it that way.”

“Many people say they don't have time to work on their dreams. When in reality, they're just wasting most of the time they do have.”

“Mastering solitude is a superpower. Learn it and you'll become an unstoppable force.”

“The goal of achieving 'work-life balance' often creates more stress than it solves for.”

“There are two main types of KPIs.

1. Lagging Indicators
These measure past performance, revenue, and customer activity.

2. Leading Indicators
By analyzing both, you better understand your biz, ad how to scale it.”

“Why you shouldn't follow your heart.

1. It can lead to poor decision-making
2. Following your emotions can be irrational and misleading
3. Rely on logic, reason, and evidence
4. Distinguish between emotions and true desires
5. Practice mindfulness and self-reflection to gain insight into emotions
6. Take advice with a grain of salt
7. Emotions and rationality should be balanced”

“You can't fix what you won't acknowledge as broken.”

“You will be denied success until you accept the pain of discipline.”