Turning stress into excitement

Summary

• It's been a busy yet exciting week as CEO; I'm constantly adapting to what the business needs.
• I've been focusing on changes in our portfolio for the next quarter and managing renovations for our new office building.
• I prioritize tasks by considering what suffers if delayed and the difficulty of reversing decisions.
• Renovation decisions are tough because they're costly, hard to reverse, and time-consuming for budgeting.
• My role requires flexibility; I adjust my leadership style to what's necessary for success.
• I've emphasized the importance of involving my team's opinions to utilize their expertise and experience.
• Hiring should focus on bringing on leaders, not just doers, to foster a more autonomous and proactive team.
• I encourage feedback, and when opinions differ, I share my context to reach mutual understanding.
• I'm organizing communication structures within the team to enhance efficiency.
• Switching between roles, such as CEO and content creator, requires authenticity in all areas.
• To effectively coach team members, it's beneficial to have foundational knowledge in each business area.
• I integrate my personality into my work, striving to be judged for who I truly am rather than a façade.
• My daily routine varies; I remain flexible to fit in all necessary tasks, whether content creation, strategy or team communication.
• Personal growth and adaptability are crucial; I won't let myself be the bottleneck in the business's success.
• My identity is fluid; I adapt to different roles as needed, focusing on the outcome rather than my comfort in the task.

Video

How To Take Action

I would suggest focusing on the things that have the biggest impact if delayed, and that are tough to change once done. For example, if you're moving or making office changes, think about the cost and effort. Make sure you're choosing what's most important, and don't rush into the hard-to-reverse stuff.

A good way of doing things is to be flexible with your leadership. As things at work change, you might need to act different to lead well. Sometimes you need to ask your team what they think because they know a lot. When hiring new people, look for leaders who can work on their own. You want a team that doesn't wait for you to tell them what to do.

Encourage your team to give you their ideas and share your thoughts back. This helps everyone get on the same page. It's key to make sure your team knows how to talk to each other well. Set up meetings and ways of chatting that make it easy for everyone to stay updated.

Don't forget to be real in everything you do, whether you're the boss or making videos. Show people who you really are.

Make sure you're growing and learning new things. You can't let yourself slow down your own business. Be willing to change how you do things if it means doing a better job.

Keep your days flexible. You might need to fit in different tasks like creating stuff, planning, or talking to your team. Don't get stuck in a routine if it stops you from doing what's needed.

Here's what you specifically need to do:

• Check what tasks need immediate action and do those first.
• Change your leadership style to fit the situation.
• Listen to your team and bring in new leaders.
• Share information to understand each other better.
• Set up a good way for your team to talk to each other.
• Always act like the real you in all parts of your work.
• Keep learning and be ready to do different things.
• Plan your day around your tasks, and stay flexible.

Quotes by Leila Hormozi

"Seasons change quickly in business, and so what I've realized is that my team needs me to show up differently in each season"

– Leila Hormozi

"I've always tried really hard to remain fluid; I will be whatever is needed to ensure that we succeed and hit the goal"

– Leila Hormozi

"I think that a lot of people expect it to get pushed to them, but I think that you have to pull before it gets pushed"

– Leila Hormozi

"A hallmark of a great leader is that they can get on board with something they disagree with without acting adversarial"

– Leila Hormozi

"Running a business is [__] hard"

– Leila Hormozi

Full Transcript

it has been busy this week for sure on so many fronts it's exciting that's what it is this isn't stress this is excitement you feel as the CEO of acquisition. comom I have to wear a lot of hats and so in this episode what you're going to see is me just doing whatever I need to do to get the job done you know what let me see where Alex is doing we were just talking about like what we want to change on the portfolio side for next quarter so just spit balling did you talk to PC about because they have to figure out quickly if they're going to use or Tex okay what did he say about it seasons change quickly in business and so what I've realized is that my team needs me to show up differently in each season I really have learned to quickly contextualize what kind of leader I need to be based on what's going on in the business I'm going to wait until he says something just cuz like like what's about to happen when we get this building on Friday stoked that we have this new office but I had no idea how many new responsibilities would come through having an office it's like cool us all being here but like it's very hard for me to be in a place that is aesthetically displeasing I want all the carpet out this [ __ ] orange piece of [ __ ] nasty [ __ ] carpet like it's like it kills me every day to see it but it's fine when there's competing priorities I'm constantly asking myself which one of these if not done now suffers by me letting it wait and how hard is is it to reverse or not reverse those are probably the two frames that I go through thinking when managing multiple responsibilities cuz it's like okay well what takes priority I probably didn't realize with a building where you have hundreds of thousands if not this building is going to be millions of dollars of Renovations it's a lot of very hard to reverse decisions all the renovations right now because they aren't giving us like an estimate ahead of time I have to run through all the budgeting stuff these are the things that I wish didn't take my my my mental space right now but and it's kind of one of those things where it's like it's not like a business re of like ongoing things it's like this is a onetime project so it doesn't make sense to like delegate the budget so I've always tried really hard to remain fluid like I will be whatever is needed to ensure that we succeed and hit the goal hello Mr Rodman how's your day going are we being filmed you know I brushed my teeth for this meeting and everything yeah it is a is a vlog day but I feel like I I don't know I just blur it out not no offense to you Jason but I pretend it's not what up Jason what's up man hey hey your office with the big old curtain oh my God I need this curtain [ __ ] fixed it's so ugly you that's why my background's blurred half the curtain fell off and then obvious it's not going to get fixed for a while so it's just jangus that's a huge curtain it's very large curtain to be fair I don't know who picked these but like you could have just picked not an atrocious color like this and then we should make this spaceship on the wall that would be cool something I was reflecting on in the last probably like two weeks ever since we had the quarterly was how do we continue to get more efficient and like what are the things that are holding us back in terms of like habits as a company and behaviors and things and you know I think something I still struggle with today is to what degree do I want to ask everyone's opinions on everything it's important to gather feedback from everybody a couple reasons why people don't ask their team for their opinions is because one a lot of people when they're hiring especially when they're inexperienced I think often they hire more doers than leaders and they hire people that can do rather than think I think in a lot of cases it's just not appropriate to ask your team for their opinion on everything because they might not even have a framework at which to run decisions or situations through on the other side it's like you have a team that are thinkers and you hired them then it's like well I think that you hire people for their ideas their brain their ways of thinking their experience the only way that you get to utilize those things is if you pull it out of them I think that a lot of people expect it to get pushed to them but I think that you have to pull before it gets pushed if I didn't ask people for their opinions they would not volunteer them to me because they'll do what you train them to do and so because I have trained people that I like their opinion they now give it to me proactively when it's something that I think they all have relative experience around is I like to ask everyone their opinion on something and then I take all of that and then I look through like what are the commonalities amongst all of their feedback or opinions and then I'm like cool and then what what resonates with me given the context I have and so usually the best ideas I come up with are ones that take little pieces of things that people have said and integrate them in I think that where it goes wrong is when people are like oh gosh everyone has a different opinion I need to somehow integrate all of their stuff into my solution it's like no I'm not here to please everybody I'm here to make the best decision for the business I think when somebody has a opinion that differs from the direction I decide to take the business I try to just give them the same context I have I see why you would think that that's fair here's what I'm working with in terms of my information and then I share that with them and then more often than not they say oh gosh you know I didn't know all of that and so given the context that you have that you just gave me I agree with you and honestly like nine times out of 10 that's how it goes there are going to be times where it's like not everybody's going to agree and you have to move forward anyway aall Mark of a great leader is that they can get on board with something they disagree with without acting adversarial I know that my job at the end of the day is to be the decision maker because I have more context than literally anybody on the team I know what has happened in the past I know where I want to go in the future that that was one of the thoughts I had is like maybe it's just that I need to put together the different types of meetings the structure for each type of meeting we use those as templates and then we train everybody on the team on how to run the take a step back and relook at like just our overall communication cadences and and look at like how do we up Lev them in the leadership meeting you'll see that I asked my team for their different opinions based on their different experiences about our communication Cadence because I want to know from them you know is there something that you've done in the past that might work better than this maybe what would be the most productive is I can just put together some thoughts I have on paper and then I'll put it in a SAA for everyone to review and add in your thoughts ideas because I think you all have had different experiences with how you organize the meetings and how you how you run them and even just the culture I'm not trying to go 360 I'm not even trying to go 180 but like maybe just like 60° and that is all I have nice yeah I'm I'm pum for that have of the podcast thanks all right podcast so now that I finished my leadership call and the rest of my meetings I'm going to transition into a podcast it is so nice to meet you AB I just want to dive in if that's okay with you cuz I don't want to I don't want to take up too much of your time I think there's absolutely a cost to switching hats constantly which is the ability to strategically think is much lower when you're constantly switching through multiple things now you cannot manage a billion dollar portfolio without a great team and I know that's something that you really pride yourself on I've heard you talk about this so much like you clearly have a led a group of people around you who are incredibly committed I would love to know what do you do differently that other people don't do when they're hiring I think what most people want when they see how I work with my team is they want autonomous people people who can make decisions they can take action they don't need to be told exactly what to do and I don't think that what people understand is that you train people to do that by the way that you even introduce them to the company I would ask them questions rather than me being the one drilling them the entire time I would probably conduct the interview differently you know people like what are your favorite interview questions and I actually regret that I've given them to people because I'm like my interviews are not like that like it is a it's a truly a conversation it's not me interrogating somebody if I want somebody who is how I view a leader in my company which is a partner in growing the company with me then I'm going to talk to them like a partner I'm not going to talk to them like somebody who's my minion and I think that it's being approached from much more collaborative standpoint rather than condemning standpoint I don't think there's like a skill you develop to switch from being a CEO to a content creator I think how I show up to my team and how professional I am is how I show up to content so I don't think that I've mastered it I would say that what's helped me is just trying to be myself in all areas we love it I appreciate it and and thanks again after the podcast I had a couple hours that I helped my friend Zoe view some of the units she was looking at moving to in Vegas so I met my friend Zoe through my friend Ryan when we said like come out to Mexico meet us in Mexico we're going to go on a vacation when we sold the business and he brought Zoe is he liking his big office he literally goes there the moment he wakes up and then he stays there as long as possible I love that no we're just we're just doing all the like the gym is coming along and then they're going to start on the next floor and we'll see I can't wait for the gym I know oh wow this is a really nice unit there's one thing I got to ask which is does it smell weird the only thing I'll say is that now that we've discovered the what's that smell marijuana oh Jesus oh actually they this one oh wow your no I mean if I got it I would just I would have to redo the the like what is this art right here is fugly it's just a girl's ass interesting you know what I that's horrible and yeah that's horrible I know I'm just like the art is just it's not a Vibe so and the little Lantern so if I if you did get this you know I'd be like you got to redo some [ __ ] you know even when I am having a rough day I don't want to be the friend that just complains to another friend and so I try really hard to catch myself complaining to somebody if you're complaining to somebody about the stresses I actually feel it amplifies the stress and I don't really feel like it adds value to them so I thought this would be the next because this one's going to be higher smells nice this is actually a great view oh it comes furnished that's really nice I've seen all the units here yeah this is perfect R mhm it's really nice it com pillow yeah I know I wish that was like a little bit of an L-shaped couch but what can you do what are you thinking dang I now I'm hungry yeah I have to I'm debating if I should go with you guys to the next one so after that that I headed back to the office to review a few things with Alex before going to get my makeup done for my second podcast of the day one of the units that Zoe saw I think was really nice there was a one-bedroom we just need time for you me and Rocky to talk about this stuff I mean I blocked Monday I just like don't want to wait when new stuff's happening in the company most of the time I'm just want to focus on that I want to talk about it CU I'm excited and then you know I have to go to a different podcast instead which is great but I've definitely noticed that sometimes I'll schedule things far out and then when it comes to that day there's so much happening in the business I feel frustrated because I don't want to go into a podcast I just want to work on the business I have this podcast and then I mean he he has really good questions he does a lot of have you already gone on his thing I'm going on like 40 minutes but I also don't want you cancel on somebody and so I like to stick with my commitments and do it anyways I like the eye a lot I know you know what I did differently is like I went back in with the concealer to really get it that bright white it looks really good I like that it's like whiter on the inside than it goes dark darker yes that looks really good okay yay thank you so much thank you so much see real time so after getting my makeup done I headed over to the studio to do the next [Music] interview I think that for most firsttime Founders it is incredibly beneficial for your own learning to have enough knowledge in each department that you understand how to best coach somebody on being the best leader for it if you have the resources to hire early I think doing a role for a short amount of time makes sense and then Outsourcing it to somebody else and bringing that person in so that you know what good looks like running a business is [ __ ] hard hi nice to meet you nice to meet you my sister and everyone for here but we're s ready to go whatever you are oh okay yeah yeah yeah that's fine hello hi so yeah we're ready when you when you are I've worried so much about like are people that are watching my content going to judge me worried like is this interview we're going to think I'm [ __ ] so at least now I feel like I've gotten to a place where I'm going to be judged either way but I'd rather be judged on who I actually am than somebody that's fake that shows up in front of a camera or to my team the thing I usually sort of ask people is like what does a daily routine look like for you and you're CEO of huge company like what does it look like you know what's funny is my days never look the same some weeks I'm talking to every CEO of every portfolio company and they all have [ __ ] burning and they need to talk and they need to have conversations some weeks I'm doing an event in three podcasts and I'm doing a ton of content and so it's filming almost every day and then some weeks I'm just focused on the strategy and building our business and our our hold Co and maybe hiring an onboarding you know this week that's the big Focus I think that's actually what I love about what I do is that it changes every day and so I don't try to be rigid in terms of like what do I do in the morning and at night and at this time and this time I try to say like I look at my calendar and say like where can I fit this in and that is what works for me if I approach it with how can I be flexible and still get everything done I feel much more relieved at the end of the day thank you so much for today that's fantastic I think it's BS when people say like I don't care what people think me I'm like humans are wired to care what other people think for survival like it's just in us but the funny thing is is that the more that I am myself in front of people the more it does better anyways you know people that watch my content like me more you know then when I show up as this like shell of myself that's trying to not get judged by others I I know you shouldn't compare yourself to people like massively I'm like you've absolutely killed it and I feel like I could I could pick your your brain all day um what I appreciate oh wow thank you so much for doing all right right cool we'll be I think he asked a really good question he did a lot of research I think I you know I've been enjoying the ones more that they ask about more than just business just because it feels like it's more substantial I guess I wouldn't have been able to even keep the business growing if I hadn't grown as a person I think that having a business that grew so quickly I had to grow quickly and I think that was like my Mantra is like I will not be the bottom NE of this business it will not be me I won't be the reason it doesn't succeed so I was just so hungry to learn and absorb and be coached I was very amenable to becoming whatever I needed to become to be the best leader for the business I think what it's taught me is like identity is fluid I don't try to like identify as like good at this not good at that like I'll be whatever I need to be in that moment to get the job done I have like I would rather be like a chameleon than you know stick with the same thing forever because then I'm probably going to continue to get the same results forever I just think most people then say I need to be able to only do this thing because otherwise I'm not good at it but I said like my job is to be able to do all these things so what I need to get really good at is switching knowing what hat I'm wearing and that I don't have to feel like excited to do the next thing I don't have to feel like making content I don't have to feel like talking to the CEO but I can behave in a way that get get me the outcome I want That's so exciting it [ __ ] is exciting I know I'm St the way I approach my days is I have things I do every day I walk with Alex every day we try to have a meal together every day when I do those things changes based on everything else that's going on and I Bor Story of My Life