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Build with Leila Hormozi

"I'd Like To Be At A Billion" | Ep 241

Build with Leila Hormozi

Leila Hormozi

Education, Entrepreneurship, Management, How To, Business

5867 Ratings

🗓️ 14 February 2025

⏱️ 41 minutes

🧾️ Download transcript

Summary

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Welcome to Build where we talk about the lessons I have learned in scaling big businesses, gaining millions in sales, and helping our portfolio companies do the same. Buckle up, because we’re creating an unshakeable business.

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Transcript

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0:00.0

My name is Patrick. I sell residential remodeling and new homes, custom homes, to wealthy individuals.

0:07.2

We do 1.3 in revenue last year. I'd like to be at a billion. Yeah, funny. Me too. Yeah. So what's stopping me,

0:19.7

obviously, is me.

0:21.6

But I guess more seriously is I know that like the end goal is for me to do development.

0:26.6

That's probably 30, 40 years, you know, to get to the billion or whatever it is, 25, who knows?

0:31.6

The question is, is how do you stay focused enough on the thing you're doing right now

0:35.6

and the current track and the current business you're at and not get sidetracked to where you want to be? Because my problem is is

0:41.9

that I chase where I want to be at in 10 years and I'll take opportunities. I'll take those meetings.

0:47.6

I'll take this. I'll take that. But I have no capacity to actually be there, let alone the experience

0:52.6

to build a $100 million building.

0:56.3

Understood. So I would ask you this, which is, do you see how what you're doing today ties to

1:02.1

what you're going to be doing then? Yes. And part of me always questions is, am I waste of my time?

1:08.7

But I have to be able to build out the framework of,

1:11.3

hey, this is how we deliver products. We have a team to do it. If we can build a $2 million home,

1:15.9

we obviously have a standard of what we do, and that allow us to build a $5 million commercial

1:20.8

building. And it's very related. It's different, but it's related. But I always get trapped in,

1:27.3

like, am I wasting the next four

1:29.4

years in my life? Or is this next four years required to become the person in the company that we need

1:35.1

to be in the future? Well, I'd ask you this, which is, is it that you don't think that you're,

1:41.5

because you said it's me stopping me, me right or do you mean that it's

1:44.2

the business model like is there a way that you could just go straight into doing that i always question

1:49.7

this and i tried this last year and what it comes down to is that i basically have to it's all

...

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