Most Business Owners Don’t Grow Because of This
Summary
- I've learned that many businesses struggle not from a lack of business tactics, but from the founders' inability to manage their stress and anxiety.
- Building basic skills such as stress management, communication, and relationship building is critical for business success.
- If you can't effectively communicate with close ones like your spouse, you'll likely struggle to communicate with your team.
- A mutually beneficial friendship serves as a model for the employer-employee relationship.
- Being competent in foundational personal skills is essential before attempting to grow a multi-million dollar business.
- The connection between personal development and business success is often overlooked, but it's crucial.
Video
How To Take Action
A good way of doing better in business is to start by managing your own stress and anxiety. You can do this by taking short breaks during the day to breathe deeply or finding a hobby that helps you relax. It's like when you're too wound up and need to calm down before you can think clearly.
To get better at talking with strangers, practice with friends or family first. Think of it as a game where you learn to ask questions and listen to what others say. This will make you good at talking to people in your business.
Having clear and kind talks with your spouse or close friends can help you do the same with your team. Try to really understand what they need and feel. It's like how you make sure you and your friend are both happy in your friendship.
Remember, it's important to be good at things like being calm and talking to people before trying to grow a big business. Think of these skills as the ground floor of a tall building. You can't add more levels if the ground floor is not strong. So take small steps to get these basics right, and you'll see how it helps your business too.
To connect with your team like friends, show that you care about them. Maybe start a fun "question of the week" to learn more about each other or celebrate small wins together. It's about making everyone feel they are on the same team.
Try these things, and they will help you both in life and in making your business better.
Quotes by Leila Hormozi
"The reason most businesses don't grow is not because of the lack of tactics around business, it's because of their inability to manage their Stress and Anxiety"
– Leila Hormozi
"Once you have basic skills, basic Stress Management, basic communication, basic relationship skills, those all transfer to business"
– Leila Hormozi
"If you don't take care of those basic things, you basically set yourself up for failure"
– Leila Hormozi
"If you can't communicate well with your spouse, how do you think communication is going to be with your team?"
– Leila Hormozi
"If you can't have a friendship that is mutually beneficial, how do you think you're going to be able to employ people?"
– Leila Hormozi
Full Transcript
if you talk the amount of businesses I did you would realize that the reason most businesses don't grow is not because of the lack of tactics around business it's because of their inability to manage their Stress and Anxiety their inability to have a conversation with a stranger once you have basic skills basic Stress Management basic communication basic relationship skills those all transfer to business and if you don't take care of those basic things you basically set yourself up for failure if you can't communicate well with your spouse how do you think communication is going to be with your team if you can't have a friendship that is mutually beneficial how do you think you're going to be able to employ people there's a lot of skills required to just be at Baseline before you can take on growing a multi-million dollar business I've seen people comment on my stuff and say like well why aren't you just talking about business like what does this have to do with business
