It’s Okay to Have Weaknesses In Business

Summary

• Focus on doubling down on your own strengths rather than trying to eliminate all weaknesses.
• It's okay to be unbalanced in your strengths as an individual within a business.
• Recognize that a salesperson and an IT person bring different skills to the table, both of which are crucial.
• As a business owner, aim to assemble a team that covers all necessary skillsets for a balanced operation.
• Understand that the business as a whole must be balanced, even if individuals within it specialize in different areas.

Video

How To Take Action

I would suggest focusing on what you're already good at instead of trying to fix every little weakness you have. It's totally fine if you're better at some things and not so great at others. Just like how a person who sells stuff might not know much about computers, and the IT person may not be great at selling, but both are super important for a business.

If you’re running a business, your goal should be to put together an awesome team where everyone can do different things. That way, your business is like a puzzle that fits together perfectly because you've got all the skills you need.

To start, think about what you're best at and get even better at it. If you love talking to customers and making sales, do more of that! If you're better behind the scenes, maybe working on a computer, focus on that.

Next, make a list of the skills your business needs. It’s like making sure you have all the ingredients to bake a cake; you wouldn't start without having everything, right? So, make sure your business has all the "ingredients" it needs to run smoothly.

Then, find people who are super good at the things you're not so good at. If you need help finding these people, ask friends or look online for recommendations. Remember, you don't have to do everything yourself!

Once you have your team, make sure everyone knows what they're best at and has the chance to do those things. When everyone does what they're good at, your business can do really cool stuff and everyone will be happier because they’re doing what they love.

Quotes by Alex Hormozi

"You don't want to have weaknesses or the weakest link is the limit"

– Alex Hormozi

"The business has to have all of the pieces to move forward"

– Alex Hormozi

"An individual can be unbalanced in their strength"

– Alex Hormozi

"The business requires both of them them and other people"

– Alex Hormozi

"The macro business still needs to be balanced"

– Alex Hormozi

Full Transcript

there's this big misnomer between like double down on your strength you don't want to have weaknesses or the weakest link is the limit the thing is is that if you're looking at a business the business has to have all of the pieces to move forward but an individual can be unbalanced in their strength so if you have a salesperson and you have an IT person they have wildly different strengths but the business requires both of them them and other people and so the individual can double down on their strengths but the macro business still needs to be balanced and so if you're a business owner you have to look at the whole thing and say can I assemble all the people who can run this thing