We SACRIFICED EVERYTHING for 2 years to grow a $100,000,000 business…here’s what happened.

Summary

• I've learned the importance of setting constraints around goals to balance success with personal happiness.
• It's common to think that working non-stop is the only way to build a multi-million-dollar business, but this can lead to sacrificing your personal life.
• When starting Gym Launch, Alex and I chose to sacrifice everything to build our business, which worked initially but wasn't sustainable for long-term happiness.
• On our first vacation in 2019, we realized we were both miserable and needed to find a way to have both success and happiness.
• Success and happiness have different formulas, and it's crucial to aim for both.
• Setting constraints means limiting resources, such as working fewer hours and committing to personal activities and relationships.
• Instead of sacrificing everything, I advocate for setting boundaries to maintain both personal life and business achievements.
• I've learned that rigid schedules can be effective but might limit personal freedom and happiness.
• In the last six months, I've achieved more by being less rigid and setting specific constraints like working hours and travel.
• Allow for buffer time and personal activities to avoid burnout and sustain success.
• We tend to overestimate our differences from others, but we all have similar needs and breaking points when it comes to work-life balance.
• Imposing constraints on your business goals can actually make you a better entrepreneur because it forces you to work more efficiently and creatively.
• Integrating personal happiness and setting goals with constraints can lead to a more fulfilling life without hating the process.

Video

How To Take Action

I would suggest implementing specific constraints around your goals. Try setting limited working hours and make sure to leave time for socializing, family, and personal activities. Remember not to overwork to the point where it affects your happiness. Instead of working non-stop, choose to work smarter during the time you’ve set aside for work.

Here’s a simple plan to balance success and personal life:

1. Define the hours you will work each day. Be strict with these hours to increase efficiency.
2. Schedule personal activities like exercising, date nights, and outings with friends. Treat these with the same importance as business meetings.
3. Plan for buffer time. Use this time to relax or pursue hobbies, so you don't burn out.
4. Travel and work at the same time if you can. It might help you realize you can achieve your goals without sacrificing your personal life.
5. Share your approach with your team. Encourage them to also find a balance that prevents burnout.

The key is to work within these limits creatively so that your business grows without taking over your life. Aim for a sweet spot where you’re hitting your business targets and still enjoying life. You will likely find that this balance makes you a better entrepreneur because you're using your time more wisely and avoiding the trap of "fun debt" – the lack of personal fulfillment. Overall, happiness and success should go hand-in-hand, and setting constraints can help you achieve both without hating the process.

Quotes by Leila Hormozi

"How hard is it to grow a multi-million dollar business if you literally work yourself to death, work all the time, and hate your life"

– Leila Hormozi

"Success and happiness are very different"

– Leila Hormozi

"I've challenged myself to say how can I have the success I want while also being happy"

– Leila Hormozi

"Setting constraints so that you actually have less resources to get the job done"

– Leila Hormozi

"I just don't believe that anyone can sustain success while sacrificing happiness"

– Leila Hormozi

Full Transcript

what is up in this video i am going to talk about goal setting not what you think about goal setting but uh understanding constraints when setting goals i am frankly walking in the middle of beautiful vale right now and it came to me and i just felt like taking a video so sorry if it's clunkier the sound sucks but i feel like it's important enough to talk about so something that um i feel like i have learned in the last i want to say two years is the idea of putting constraints around goals and what i think is really easy is putting like normal constraints on goals and when i'm talking about like normal constraints think about this right how hard is it to grow a large or just say a multi-million dollar business if you literally work yourself to death work all the time and hate your life like you sacrifice fun you sacrifice relationship with friends you have unlimited hours in your day to work and i think that most people if you're fairly competent um can't achieve a multi-million dollar per your business if you're doing that now what i don't think is easy to achieve what i think most people actually want is to be able to have a business that does multi millions of dollars a year and not hate their lives right and so they want to be able to have friends have a relationship have the body they want everything uh while running the business and so when frankly when we first started gym launch alex and i we actually made a pact with each other it was so bad we were like we're literally gonna sacrifice everything like we're not gonna see friends we're not gonna eat out we're not going to go on date nights we're not going to spend any money we're literally just going to hunker down and build this freaking business and make an empire it served us for the first two years but in 2019 we took our first vacation ever and i remember like i was so stressed that the coach i had the time was like i feel like you should have a drink and i remember i was like nobody's told me like i think you should go against your values and actually go have a drink um and that was when i knew like i'm really stressed i need to figure out i need to change something and so we went on this vacation and we sat down and i was like i was ready to have this conversation be like i am so unhappy um and it turns out alex felt the same way and so he was like me too this sucks like i'm so sick of being miserable like why is it and this is what i said i was like why is it that we think that we can't have everything we have and be happy at the same time um because success and happiness are very different um and there's very different formulas to achieve each i think tony robbins talks about you know fulfillment versus i don't know success or something to that extent it's the same thing right since that day in 2019 i've challenged myself to say how can i have the success i want while also being happy while also having a phenomenal marriage while also being in shape while also traveling and seeing my friends like how do i do all that at once and so that is what i wanted to explain just this mindset shift which is just thinking in terms of setting constraints so that you actually have less resources to get the job done and i think this is something that most people are not great at doing which is okay i'm going to set the constraint that i actually have to have less time to achieve things i have less hours in the day i have to have more social things on my calendar i have to commit to doing more in my marriage more date nights more traveling right and so i think that what happens is that most of the times we do the opposite we say i'll just sacrifice literally everything to achieve this success and i'm like well no you can be successful if you literally sacrifice your whole life and hate yourself right i've seen so many people do it i've done it myself and it sucks and the reason i feel like this is so important is because i am now at a point where i literally have the success that i've always wanted and i'm happy like i am so happy and i love my life and i love everything i'm doing and it was just a belief right like it was the belief that in order to have success i needed to sacrifice everything else or i need to be so regimented that it's like date nights and exercise and seeing friends became like a checklist almost it was like well did i do all this in my week and my day rather than like having more freedom and flexibility in life i think that a lot of people especially in the beginning struggle with flexibility versus rigidity and especially if you're setting goals and you're trying to achieve things it's very easy to achieve goals and you have very rigid like a very rigid lifestyle right and i say that because i'm somebody who i had a very rigid lifestyle and i've just now come out of it in the last six months and i'm achieving more now than i feel like i ever have because i've said these constraints i'm like i'm only working these hours of the day i'm only working these days i only take these kinds of meetings on these days i'm going to force myself to travel so this is something really interesting is that for the last two months we've been traveling and i'm like how can i do all of this while also traveling and having fun and seeing my friends every night right and the funny thing is it all happens it all gets done and so i'm really challenging you to think just challenging your beliefs how do you achieve your goals while setting constraints you know what i mean like how can you achieve and have a 5 or 10 or 15 or 30 or 40 million dollar business while working say five hours a day say you take meetings three days a week say you only uh work 35 hours a week you know like putting constraints around it and then also filling in what you're gonna do with the rest of your time so that you have a fulfilled life and that you're happy because i just don't believe that anyone can sustain success while sacrificing happiness and this is something i've worked on with my team lately too i'm like you need buffer time you need time to think you need time to go do stuff with your family and your friends like you can't just hunker down and work all the hours of all the days and the funny thing is everyone thinks they're the exception i thought i was the exception right and then two years ago i just cracked i was like what the hell like it's been 15 years i've run my life like this and all of a sudden you just kind of crack and that's when you realize all of us are made up of the same stuff and i think we always think we're more different uh from others than we really are but we're not we're all very similar um that's how i realize this is just how humans work it's just how our brains work there just comes a point where it's almost like if like if you feel like right now you've accumulated like life or fun debt then you really need to take a look at and say like how can i integrate this back into my life and actually can create more constraints around my goals and trust me it is much harder to achieve your goals in business with limited time and resources and so you actually become a better entrepreneur and a better ceo if you limit those so i hope that's useful for you just thinking how can i achieve the goal while setting these constraints around it so that i actually can achieve all these other things at the same time and not hate my life works way better so hope that's valuable if so go ahead hit subscribe i will see you on the next one