Leila Hormozi's 5 Step Goal Setting Process: 1. 🕵♀ What problem are we solving? 2. 💡 What's your best guess on how to solve it? 3. 📝 What am I going to do? and who is going to do it? 4. 💪 What do I want to have happen? How do I know that I am successful? 5. 🙅♀ What could stop or slow me down? How long is it going to take us to do it?
@@ememudoh4852 Thanks, Emen, for the feedback! I just updated my comment to correct it for greater accuracy. I used an AI tool to analyze the transcript of the video to generate this list/summary, and it was indeed not accurate. Much appreciated 🙏
Leila you are the best UA-camr so far for me when it comes to business topics content! Obviously, nothing like anyone else is doing! Thank you so much for being so generous with your direct, easy to understand, highly practical, literally hands on information! You are my star ⭐ ✨
I am asking myself why did I just saw this channel yesterday and so much value for FREE! I have to like and comment at least to show I AM GRATEFUL TO MEET YOU HERE Leila.
7:57 “You’re testing to see if THESE actions will resolve THIS problem” I wish this frame around goal setting was more common and widespread- I like the idea of thinking of goals as experiments
04:48 what problem are we solving 07:11 create your best guess of how to solve this 11:06 what am I going to do? And who is going to do it? 13:36 what do I want to have happened? 15:14 what could stop or slow me down? 18:39 mistake 1: Goals are not personal 20:09 mistake 2: Goals are inflexible 23:03 mistake 3: you don’t measure progress 25:12 mistake 4: you set unrealistic goals VS challenging goals 26:20 mistake 5: you set too many goals As a reminder for whenever you come back to that 🔥 video
I am so very grateful that you have shared such valuable insights and knowledge. I hope you feel so satisfied knowing that you are truly helping humanity. At times it is the smallest things that keep us stuck!
Leila, this is perhaps one of your best videos. You taught/spoke/led my business class with Raya a couple years ago. I want to say while you knew a ton then, and I was so impressed-your speaking and way of explaining important issues has grown to where you are one of my favorites! Thank you for being a mentor!
A study on this topic found 2 goals is the fastest. A primary and a secondary. Push the main thing until hitting a spot where you are waiting, then the secondary. 3 makes sense too for those times the other 2 are held up for something. 4 is diluting because now 1-3 are waiting on the 4th. At the company level I see how 4 can work since different experts don’t overlap by design. Her profit vs growth is a great example. Sometimes spending can be a goal and when its going too slow its a leading indicator growth won’t happen
I’m 63 from southeastern Ohio but worked overseas all my life. I have savings of $800,000 and I'm ready for retirement, only concerned about the soaring inflation. Is this enough to retire comfortably, or do I need some sort of money management?
I would get money management just in case. You’re only 63. I think the average life execting in the US is 77.5 years, but many people live well into their 80s so that 800k has to last you all of that and the unforeseen. It is a great start though. Good for you!
I’m quite lucky exposed to personal finance at early age, started job 19, purchased first home 28. Going forward, got laid-off at 36 just after covid-outbreak, and at once hired an advisor with grit to help stay afloat. As of today, my portfolio has yielded over 300%, summing up $646k. Stay motivated friends
Can't divulge much, I delegate my excesses to someone of great expertise Laura Grace Abels preferably you can look her up on the web, her qualifications speak for itself.
Hi Leila I’m running a luxury bridal design studio. I started during Covid. I’ve had some success and sales but inconsistently. I’m working full-time at a day job too. I’m putting in my four hours per day-working through my current constraints. My goal is to stabilize the business then grow. 1st goal: $2K- mo 2nd goal: $5K-mo 3rd goal: $10k-mo 4th goal: $10K cleared- mo Somewhere between 3rd & 4th goal I’ll be able to leave the day job and go full throttle ❤ Thanks Leila!
I enjoyed this video, some of the steps that she mentioned are coverd in the balanced scorecard, goals, objetives, strategies, initiatives, people accountable for each key performance driver (activity) or initiative, KPIs to measure performance, targets (acceptable range of performance)
Thanks a lot Leila for all these insanely helpful information, it supports me so much to become better in doing my business. I try my best to break it down to my situation as a current sole proprietor. With kind regards from Montenegro💛
Awesome 🎉 would love your insights on better understanding and managing a business sales cycle and why businesses can't expect to be profitable with one first interaction alone.
I cut down my goals by about 80% which resulted in a very intense forward movement. I still think I have too many. 2 major ones instead of just 1. My biggest obstacles are internal: Procrastination and being afraid of reaching out to people that could make big changes in my success.
Hi Leila, great advice as always. Can you make a video on some steps to improve your product/service? For example if we are an advertising agency, what steps can we take to improve our service/results? That is something I am ready struggling with - I probably have average results but I’m trying to make them the best. Does it involve hiring better people, or just learning it better? And if we need to learn more, how can we do that? Thanks! Keep up the awesome work.
Love this video and reminds me why I would rather work for a startup or privately owned company that can be flexible and intentional vs public companies chasing ebitda
Is it wrong to say that I like that hairstyle on you. These days it's like you can't talk about people's appearance in business. But I dig the hair. ❤, also. You are super intelligent and amazing business leader. I learn so much from you content and appreciate your time and lessons. I take the lessons and advice you offer and implement them into my life. My business is growing on a nice slow pace up and to the right. Finally established my strong foundation and now I can focus heavier on marketing. Getting people comfortable with using the blockchain and understanding web3 in business.
Can you please add the actual title of the video in the description or something so that later when I search “Hormozi goal setting” this comes up? Because right now the titles from 2 years ago are much better to find information.
As a small business owner, I have 2 clear business goals, and if I can have a max of 3 goals, since I am the champion of these goals, does my personal fitness goal count or not count as a slot? Intuitively I'd say yes, it does count, so basically I can only have 2 business goals and 1 personal goal, since I am going to have to do all 3.
This advice is great as always! So is your style as usual 🔥, however your hair color is wrong. It’s too different from your natural color. I love it dark.
I'm struggling to get sales as a seasonal tourist bike rental business. The area is saturated with bike companies. I'm running Google ads and don't have an unlimited budget so not sure if im getting bid out by much larger companies. I have over 150 5 star reviews and my fleet is in good shape. So how do I funnel more people in?
Being seasonal I would embark on a marketing campaign amplified 3mth prior to tourists season . Marketing is an essential part of any business. It allows for a business's products or services to be known to consumers and it helps entice consumers to buy or use its service over a competitor's.. At its core, marketing seeks to take a service, identify its ideal customers, and draw the customers' attention to service available. Ask at 1st point of contact Where did they hear about you.?? helps ROI . Marketing might involve advertising but it is communication as well . It involves all the actions to draw in customers and maintain relationships with them and especially with those referring them to your sevice and not to the opposition . What would it take to get people referring ? Networking with potential or past clients is part of the work too and may include writing thank you emails, playing golf with prospective clients, returning calls and emails quickly, and meeting with clients for coffee or a meal. As your customer base is tourists i would extend that to networking to Meet as many contacts within other tourist serving businesses not just digitally but personally , like bars, tour operators restaurants, hotels etc and their staff ask or get them promoting your service . a reward maybe . Alot of people will ask hotel staff where can i get this or do that before google . In this digital age word of mouth is still relevant . So anyway Thats my 2 cents worth . all the best
I love this look on Leila, she looks more normal and relatable. The past videos where she looks like a superwoman kind of make her look plastic and it's kind of cringe. Leila when we watch your content we are not suited and booted at a growth conference we are at home on our couches with our phones or TV remotes in our hands. Please keep this look up, I finally feel like I could approach you when I see this. I mean this in the best way. Greatful for the Hormozi's.
The claim "I built my business to $100M" is only 50% true. Love your content, and you have my utmost respect, but this claim rings inauthentically. It's unnecessary, and diminishes the brand, imho. With respect.
*If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you.... prevent inflation*
Thanks for continuing updates I'd rather trade the crypto market as it's more profitable. I make a good amount of money per week even though I barely trade myself.
You d3crease thoughts to actoon less atettion increaee attention the right goals. Look at calmder fifud on wrong thing. Grow. Doing less things but do it better. Get ego. What will give me the best roi. What is not happening.
You d3crease thoughts to actoon less atettion increaee attention the right goals. Look at calmder fifud on wrong thing. Grow. Doing less things but do it better. Get ego. What will give me the best roi. What is not happening. Come up with your best guess, testing if it will teach this goal a problem the fish slides a problem
Leila highly intelligent, very articulate but darling why the 12 yr old barbie hair? Please sack your stylist and go back to a sophisticated womanly vibe. You’re a beautiful business woman own it fully. Love you ❤
Why does how she does her hair or what she wears, or how she looks in any way matter to the conversation! This is insane, here is a person who is giving you out of knowledge and wisdom, golden nuggets of value, and all you have to say is “do your hair differently, because I don’t like it” this is why less women go into business, because of dumb inarticulate and invaluable comments that are completely irrelevant. Try to engage with the substance of her conversation. She is not your friend, and not your family, and she never gave you permission to comment on her looks, and she never asked, and should never care about your opinion. Damn, this is so infuriating.
I am so very grateful that you have shared such valuable insights and knowledge. I hope you feel so satisfied knowing that you are truly helping humanity. At times it is the smallest things that keep us stuck!
Leila Hormozi's 5 Step Goal Setting Process:
1. 🕵♀ What problem are we solving?
2. 💡 What's your best guess on how to solve it?
3. 📝 What am I going to do? and who is going to do it?
4. 💪 What do I want to have happen? How do I know that I am successful?
5. 🙅♀ What could stop or slow me down? How long is it going to take us to do it?
This is actually wrong. Why would you post an incorrect summary?
@@ememudoh4852 Thanks, Emen, for the feedback! I just updated my comment to correct it for greater accuracy. I used an AI tool to analyze the transcript of the video to generate this list/summary, and it was indeed not accurate. Much appreciated 🙏
@@AlexiDrouinwhat ai tool did you use ?
@@spicer6666 I used an AI tool called CastMagic.
You're a god, thank you
Leila you are the best UA-camr so far for me when it comes to business topics content! Obviously, nothing like anyone else is doing! Thank you so much for being so generous with your direct, easy to understand, highly practical, literally hands on information! You are my star ⭐ ✨
I could not agree more! 💯
“If you don’t assign who to a how, you won’t solve the what” powerful
This video is probably worth more than an entire business degree
I agree
Leila, I want to thank you and Alex for sharpening my wisdom and knowledge in the business world, stay blessed✊✝️
They're very good people, indeed. 🙏
4:11 I’m at workshop. This exactly our mantra “I know you can do more, but can you do less”
Thank you Leila ❤
Leila Hormozi, Subscribed because your videos always make me smile!
I am asking myself why did I just saw this channel yesterday and so much value for FREE! I have to like and comment at least to show I AM GRATEFUL TO MEET YOU HERE Leila.
I swear I love the new content from the hormozi’s
7:57 “You’re testing to see if THESE actions will resolve THIS problem” I wish this frame around goal setting was more common and widespread- I like the idea of thinking of goals as experiments
04:48 what problem are we solving
07:11 create your best guess of how to solve this
11:06 what am I going to do? And who is going to do it?
13:36 what do I want to have happened?
15:14 what could stop or slow me down?
18:39 mistake 1: Goals are not personal
20:09 mistake 2: Goals are inflexible
23:03 mistake 3: you don’t measure progress
25:12 mistake 4: you set unrealistic goals VS challenging goals
26:20 mistake 5: you set too many goals
As a reminder for whenever you come back to that 🔥 video
I am so very grateful that you have shared such valuable insights and knowledge. I hope you feel so satisfied knowing that you are truly helping humanity. At times it is the smallest things that keep us stuck!
Leila, this is perhaps one of your best videos. You taught/spoke/led my business class with Raya a couple years ago. I want to say while you knew a ton then, and I was so impressed-your speaking and way of explaining important issues has grown to where you are one of my favorites! Thank you for being a mentor!
You are my new big sister. Never aligned more with what anyone speaks. Love it, keep up your awesomeness!
A study on this topic found 2 goals is the fastest. A primary and a secondary. Push the main thing until hitting a spot where you are waiting, then the secondary. 3 makes sense too for those times the other 2 are held up for something. 4 is diluting because now 1-3 are waiting on the 4th. At the company level I see how 4 can work since different experts don’t overlap by design. Her profit vs growth is a great example. Sometimes spending can be a goal and when its going too slow its a leading indicator growth won’t happen
Could you please film more videos like that? it is so helpful! I think now i'm digesting your content in a productive way
“I would not click on that shit” 😂 needed that
Excellent information thank you for sharing. Looking forward to attending your live seminar in August.
I’m 63 from southeastern Ohio but worked overseas all my life. I have savings of $800,000 and I'm ready for retirement, only concerned about the soaring inflation. Is this enough to retire comfortably, or do I need some sort of money management?
Glad to hear from another buckeye! comfortable retirement depends on your lifestyle...
I would get money management just in case. You’re only 63. I think the average life execting in the US is 77.5 years, but many people live well into their 80s so that 800k has to last you all of that and the unforeseen. It is a great start though. Good for you!
I’m quite lucky exposed to personal finance at early age, started job 19, purchased first home 28. Going forward, got laid-off at 36 just after covid-outbreak, and at once hired an advisor with grit to help stay afloat. As of today, my portfolio has yielded over 300%, summing up $646k. Stay motivated friends
this is huge! your advsor must be grade A, mind sharing more info pleas? in dire need of proper asset allocation
Can't divulge much, I delegate my excesses to someone of great expertise Laura Grace Abels preferably you can look her up on the web, her qualifications speak for itself.
Just dropping an encouraging comment to say that your content is always appreciated 😊
Hi Leila I’m running a luxury bridal design studio. I started during Covid. I’ve had some success and sales but inconsistently. I’m working full-time at a day job too. I’m putting in my four hours per day-working through my current constraints.
My goal is to stabilize the business then grow.
1st goal: $2K- mo
2nd goal: $5K-mo
3rd goal: $10k-mo
4th goal: $10K cleared- mo
Somewhere between 3rd & 4th goal I’ll be able to leave the day job and go full throttle ❤
Thanks Leila!
speaking without script is a great talent.
Very useful. First time being a department leader, I'll be applying these 5 steps
Hi Leila. I like this new make up. You look great.
Thanks for the great content Leila.
Could you make a video on your tech stack if possible?
What do you use to make decisions in real time?
I enjoyed this video, some of the steps that she mentioned are coverd in the balanced scorecard, goals, objetives, strategies, initiatives, people accountable for each key performance driver (activity) or initiative, KPIs to measure performance, targets (acceptable range of performance)
Thanks a lot Leila for all these insanely helpful information, it supports me so much to become better in doing my business. I try my best to break it down to my situation as a current sole proprietor. With kind regards from Montenegro💛
19:42 Loved this video! Could you elaborate on how you tactically approach aligning your team’s incentives? Would love to see a video on incentives.
Awesome 🎉 would love your insights on better understanding and managing a business sales cycle and why businesses can't expect to be profitable with one first interaction alone.
I cut down my goals by about 80% which resulted in a very intense forward movement. I still think I have too many. 2 major ones instead of just 1. My biggest obstacles are internal: Procrastination and being afraid of reaching out to people that could make big changes in my success.
Respect, you and your husband are a big inspiration
No comments? Nah. Leila, this is great advice!
Thank you for the video Leila, very insightful as always! I love step 5.
You can never go wrong by moving fast and leveraging technology
In business, SPEED is KEY
This is such an interesting approach, will apply and let you know. Thank you for sharing.
Hi Leila, great advice as always. Can you make a video on some steps to improve your product/service? For example if we are an advertising agency, what steps can we take to improve our service/results? That is something I am ready struggling with - I probably have average results but I’m trying to make them the best.
Does it involve hiring better people, or just learning it better? And if we need to learn more, how can we do that?
Thanks! Keep up the awesome work.
I’m actually so glad this popped up on my feed
Thank you for sharing your insight, Leila.
Love this video and reminds me why I would rather work for a startup or privately owned company that can be flexible and intentional vs public companies chasing ebitda
Is it wrong to say that I like that hairstyle on you. These days it's like you can't talk about people's appearance in business. But I dig the hair. ❤, also. You are super intelligent and amazing business leader. I learn so much from you content and appreciate your time and lessons. I take the lessons and advice you offer and implement them into my life. My business is growing on a nice slow pace up and to the right. Finally established my strong foundation and now I can focus heavier on marketing. Getting people comfortable with using the blockchain and understanding web3 in business.
The Hormozis have such good content they don’t even need an epidemic sounds subscription
Love the marble analogy!
Leila , this is excellent.
Hey Lady L, how is it going, look at the hair, looking great, thanks for sharing, stay blessed and let's go! 👊👊👊👊👊👊👊
Love the minimal makeup ❤ and this content 👌
Thank you for your content and wisdom You give me so much input.
P.S. Beautiful make up :)
If you don't assign a "who" to a "how," then you literally won't solve the "what." - Leila Hormozi
This is absolute GOLD!!
Can you please add the actual title of the video in the description or something so that later when I search “Hormozi goal setting” this comes up? Because right now the titles from 2 years ago are much better to find information.
Thank you so much for these videos!
As a small business owner, I have 2 clear business goals, and if I can have a max of 3 goals, since I am the champion of these goals, does my personal fitness goal count or not count as a slot? Intuitively I'd say yes, it does count, so basically I can only have 2 business goals and 1 personal goal, since I am going to have to do all 3.
Can explain more tactical about growth and incentives
I’m curious what process or tools you use to track progress. Or what have upu tried that didn’t work. Kanban? Asana? Etc. Thank you!
clicked cuz she fine af, watched and listened bc she wise af
Love your content! (And your hair 😊)
“Figure what’s taking away and slowing down the business” - my takeaway
is it possible to like a video twice? Thanks for all the great information
Leila This is awesome.
Amazing content thx 🙏
Love your advice!!
I love love love this look on you
I’m trying to grow my tennis coaching business. I’m growing but I’m not currently growing the area of the business I want to grow the most….
good points. How do you identify business constrains ?
This advice is great as always! So is your style as usual 🔥, however your hair color is wrong. It’s too different from your natural color. I love it dark.
Thank you!
The only problem that I need to solve, is how to get the audience that would wanna buy my products and affiliate offer's without spending money.
I love your new hair!
Super great video!
Your awesome Leilllllaaaaaaaaaa😊
not to be weird but you look great with this hair style
How you finding a mentor?
How did you end up keeping the leads? Did tou have to hire?
So True!! Great Video!!
I'm struggling to get sales as a seasonal tourist bike rental business. The area is saturated with bike companies. I'm running Google ads and don't have an unlimited budget so not sure if im getting bid out by much larger companies. I have over 150 5 star reviews and my fleet is in good shape. So how do I funnel more people in?
Being seasonal I would embark on a marketing campaign amplified 3mth prior to tourists season . Marketing is an essential part of any business. It allows for a business's products or services to be known to consumers and it helps entice consumers to buy or use its service over a competitor's..
At its core, marketing seeks to take a service, identify its ideal customers, and draw the customers' attention to service available. Ask at 1st point of contact Where did they hear about you.?? helps ROI . Marketing might involve advertising but it is communication as well .
It involves all the actions to draw in customers and maintain relationships with them and especially with those referring them to your sevice and not to the opposition . What would it take to get people referring ? Networking with potential or past clients is part of the work too and may include writing thank you emails, playing golf with prospective clients, returning calls and emails quickly, and meeting with clients for coffee or a meal. As your customer base is tourists i would extend that to networking to Meet as many contacts within other tourist serving businesses not just digitally but personally , like bars, tour operators restaurants, hotels etc and their staff ask or get them promoting your service . a reward maybe . Alot of people will ask hotel staff where can i get this or do that before google . In this digital age word of mouth is still relevant .
So anyway Thats my 2 cents worth . all the best
My LLC is about to be one year old, even if I reach out to 100 people every day, I still can’t understand why I’m getting 0 customers
What’s your biz?
How are you doing your outreach?
Where are you promoting your business?
I love Leila's video's
I just wish the gain was a little higher so I can crank this at max volume and be able to hear it in the shower
Thank u lela
It's giving J Lo
This hair looks great
So gold it feels like cheat that it's free.
I love this look on Leila, she looks more normal and relatable. The past videos where she looks like a superwoman kind of make her look plastic and it's kind of cringe. Leila when we watch your content we are not suited and booted at a growth conference we are at home on our couches with our phones or TV remotes in our hands. Please keep this look up, I finally feel like I could approach you when I see this. I mean this in the best way. Greatful for the Hormozi's.
What is up with how deep she sounds? Is it a audio filter she uses?
What does this girl do ?
The claim "I built my business to $100M" is only 50% true. Love your content, and you have my utmost respect, but this claim rings inauthentically. It's unnecessary, and diminishes the brand, imho. With respect.
How?
With respect you are making excuses as to why you can't do it by pulling down others.
🔥🔥🔥
THIS!!! 💯000%
*If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you.... prevent inflation*
Thanks for continuing updates I'd rather trade the crypto market as it's more profitable. I make a good amount of money per week even though I barely trade myself.
A lot of people still make massive profit from the crypto market, all you really need is a relevant information and some
You trade also?, I tried trading after watching some videos on < UA-cam but still keep making losses, how do you
No I don't trade on my own anymore, I always required help and assistance
From my personal financial advisor
❤
❤❤❤
Clicked this because of the hair
You d3crease thoughts to actoon less atettion increaee attention the right goals. Look at calmder fifud on wrong thing. Grow. Doing less things but do it better. Get ego. What will give me the best roi. What is not happening.
You d3crease thoughts to actoon less atettion increaee attention the right goals. Look at calmder fifud on wrong thing. Grow. Doing less things but do it better. Get ego. What will give me the best roi. What is not happening. Come up with your best guess, testing if it will teach this goal a problem the fish slides a problem
Shakira!
Queen 4 sho
Beyonce?
Alex always talks about how you both partnered in your businesses. You seem to just say these are your businesses? 🤔
Okay you look hot in this thumbnail. Good job.
Leila highly intelligent, very articulate but darling why the 12 yr old barbie hair? Please sack your stylist and go back to a sophisticated womanly vibe. You’re a beautiful business woman own it fully. Love you ❤
Surely you have something to say that actually contributes to the conversation at hand.
Shhh. Her hair, not yours.
Why does how she does her hair or what she wears, or how she looks in any way matter to the conversation!
This is insane, here is a person who is giving you out of knowledge and wisdom, golden nuggets of value, and all you have to say is “do your hair differently, because I don’t like it” this is why less women go into business, because of dumb inarticulate and invaluable comments that are completely irrelevant.
Try to engage with the substance of her conversation. She is not your friend, and not your family, and she never gave you permission to comment on her looks, and she never asked, and should never care about your opinion.
Damn, this is so infuriating.
nah she looks great
What tools can I use to measure NPS @leilahormozi 😊?
🫰❕🫰❕🫰❕🫰❕ Well said Leila, Thank ya
I am so very grateful that you have shared such valuable insights and knowledge. I hope you feel so satisfied knowing that you are truly helping humanity. At times it is the smallest things that keep us stuck!