5 • 683 Ratings
🗓️ 21 March 2025
⏱️ 15 minutes
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0:00.0 | Guys, today's episode is a great one because it addresses directly a quote that is shared on |
0:06.1 | social media 24-7, which is, I'm just going to buy a small business and be completely passive. |
0:12.0 | I'm not going to do anything. |
0:13.2 | I'm just going to hire an operator. |
0:14.9 | That's what I heard online. |
0:15.9 | And then I'm just going to fade off into the sunset as my operator does all the work, right? |
0:22.0 | To which anybody that has invested in anything at any time knows is false. So for this clip, we are bringing in the |
0:27.4 | Queen of Operations herself, Mrs. Layla Hormosey, to talk about how to go about this process |
0:32.4 | the correct way, how to actually hire and train and build the culture for a wonderful rock star, |
0:39.6 | A player, operator for that small business that you guys are wanting to buy. |
0:43.6 | And pay attention for when she mentions, if you buy a shitty business, you're going to |
0:47.3 | have a shitty operator because no great operator wants to run a poor business. |
0:51.8 | Guys, today's show is a gold mine of information for free. If you want the full |
0:55.6 | length, Layla Hormosey episode, you can go in the show notes. As always, and we will link the show. |
1:00.4 | And if you want to check out our Action Academy community where we actually help you find place, |
1:04.9 | hire and manage operators, that is where you go. Let's get to it. So, Layla, I'm just going to buy a business and hire an operator. Of course. And I'm going to be |
1:14.7 | completely passive. I'm going to sit around and do nothing. I'm just going to build up this giant |
1:17.7 | hold co, just hiring operators. You know, what would you say to that? You're just trying to trigger me. |
1:24.7 | Listen, I don't talk about how to buy businesses, how private equity works, all those things for a reason, which is I think most people have this weird illusion. |
1:35.6 | It's the easy button. |
1:38.5 | You know, I know people who have some of the biggest funds in the world, and they will tell you it is hard. |
1:46.7 | You know, building a business is hard, |
... |
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