My Thinking on Promotions

Leila Hormozi · Beginner ·🚀 Entrepreneurship & Startups ·4w ago
Skills: PM Basics80%

Key Takeaways

Leila Hormozi shares her thoughts on promotions and hiring in business and entrepreneurship

Full Transcript

Should you prioritize internal promotions even as an external candidate in the strong? >> You should always do what's best for the company. So, if somebody internal is a better candidate, then you should put them in the role. If somebody external is a better candidate, then you should put them in the role. In general, I prefer to promote people internally. In the beginning, I actually think you kind of have to index a little bit more on getting people that are a little more experienced because you're not experienced. So, if you're not experienced and they're not experienced and you probably won't even have the best judgment yet, then it's like we might want to bring in some people who do. I think another perspective you have to take is the team. [music] How long is it going to take an external person to mold to the culture of the team and gain all the context needed to be productive in the role versus how long is it going to take to train somebody internally on the new role who already has the culture and the context?

Original Description

Get the unfiltered memos I send my team as we scale Acquisition.com to $1B+: https://leilahormozi.com Want to learn how to scale your business? You can get my free personalized roadmap here: https://www.acquisition.com/roadmap If you’re new to my channel, my name is Leila Hormozi. I’m the founder and Chairwoman of Acquisition.com, where we help ambitious people scale extraordinary companies. A little about me... 10 years ago: - Was 100lbs overweight. - Had $1,000 saved after 19 months of work. This year: - We bought our first headquarters here in Las Vegas. - We grew our holding company team at Acquisition.com to 65 people. Success is accessible to anyone willing to do the work required. Big visions never make sense to small-minded people. If you want to have a greater impact, you’ll have to make greater sacrifices. My message to you: Don’t let anybody kill your dreams ❤️ Information shared here is for educational purposes only. Individuals and business owners should evaluate their own business strategies, and identify any potentials risks. The information shared here is not a guarantee of success. Your results may vary. Copyright © Acquisition.com 2025.
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