🤝 How will you build your first team for success?

Leila Hormozi says building a team needs careful thought. She trains everyone at first, but then finds it hard to lead. It's better to hire wisely and mix skills for a strong team culture.

👥 Blend skills with strong team culture.
- 🧠 Train successors for future leadership roles.
- 🔍 Assess your strengths before hiring.

Effective Strategies for Team Development

In the video "Building Your First Team" from Leila Hormozi, when you're building your first team, you're just looking for someone to tell you, like, what do I need to do? The reality is, I think it requires a little more thought than that. In the beginning, I trained everybody myself, and I had no time to actually lead the company. Then, I went towards hiring everybody from the outside, and it was like a lot of competing opinions and less cohesion of the culture. The reality is you want a mix of both, and it is truly dependent on you and your co-founder's skill sets. What do you bring into the organization? Where are you strong, and where are you not strong? Hire the experience where you are wrong. Bring people in that you can train to be your successors.

Building your first team is challenging. You need to balance guidance with collaboration, focusing on your strengths and weaknesses. The key is to hire experienced people and train them for the future.

In her insightful talk, Leila Hormozi emphasizes that the strategy behind assembling an effective team extends beyond mere hiring; it involves understanding both internal capabilities and the potential for external expertise. Hormozi’s experience highlights the delicate balance between training internally and bringing in skilled professionals, advocating for a tailored approach based on the unique dynamics of your leadership and the needs of your organization. This dual focus can help shape a cohesive culture while leveraging diverse strengths to drive success.

Share your approach on building your first team in 25 to 100 words in the comments below. Don't forget to engage by responding to two classmates’ insights and liking three additional comments that resonate with you.

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