The Business Doesn’t Need You
Summary
- To become a great team leader, you shouldn't let your team fail just to show off your own skills.
- Your personal need for validation shouldn't impact how your business operates.
- The main goal of a business is to make money, not to cater to your interpersonal needs.
- Building a successful business requires hiring people who are smarter than you.
- Embrace humility to create a business that can run without your constant involvement.
- The mark of a truly independent business is its ability to operate effectively without needing you.
Video
How To Take Action
I would suggest starting by taking a good look at your team. Make sure you're not getting in the way of their success just to prove your own worth. It can be tough, but don't let your need for validation take over. Remember, the main goal of business is to make money, not to just make you feel important.
One of the smartest moves is to hire people smarter than you. This isn't easy since it means you have to step back sometimes. It's all about being humble. To get a business that can truly run on its own, you need to build a team that doesn't always need you to step in.
So here's what you need to do first: identify areas where you might be holding your team back. Let them take the lead on projects where they're the experts. Next, look for gaps in your business where someone else's skills could really make a difference. Bring those people on board, even if they know more about the subject than you do.
The real sign of success is building a business that keeps going strong, even when you're not around. This means setting things up so your team can handle things without your help all the time. For that to happen, you have to trust them and let go a bit. It won't cost a lot, just some time to understand your team better and to check your ego at the door. The payoff? A business that's more independent, and likely more profitable too.
Quotes by Alex Hormozi
"I wanted to be the best guy on the team and so I would almost let people fail so that I could come in to save the day"
– Alex Hormozi
"but like that was because I was trying to use the business to solve my own inter personal needs"
– Alex Hormozi
"the business doesn't need to do anything besides make money"
– Alex Hormozi
"to have a business that actually runs without you than it needs to have people who are smarter than you are"
– Alex Hormozi
"the very point of having a business that doesn't need you is that it doesn't need you"
– Alex Hormozi
Full Transcript
I wanted to be the best guy on the team and so I would almost let people fail so that I could come in to save the day and show how good I was at whatever it was selling marketing or what not but like that was because I was trying to use the business to solve my own inter personal needs but the business doesn't need to do anything besides make money and to have a business that actually runs without you than it needs to have people who are smarter than you are and that takes humility because they don't need you but the very point of having a business that doesn't need you is that it doesn't need you
