Million Dollar Lessons I Learned From My Wife

Summary

• Learned to never stifle a generous impulse; give praise or gifts immediately, fostering a positive environment.
• Realized you should sleep on emotional responses instead of reacting immediately to avoid regret.
• Started to view stress as a sign of being alive and caring rather than something negative.
• Understood it's okay to feel bad without acting hastily to alleviate the discomfort.
• Emphasized long-term vision over immediate gains, setting sights on eventual success.
• Recognized the quality of a business is tied to the character and vision of its leadership.
• Became quicker to extend trust internally but equally quick to revoke it if betrayed.
• Learned to believe people's character the first time, rather than giving multiple chances.
• Shifted from using punishment to using praise to foster long-term loyalty and team performance.
• Realized the importance of giving patience, trust, and forgiveness to receive them in return.
• Focused on competing with myself instead of others, aiming for personal bests rather than comparison.
• Began taking feedback seriously the first time, especially if painful, to improve quickly.
• Embraced swift action on tasks and trusted team members to lead, avoiding overly detailed SOPs.
• Prioritized genuine care for people over transactions, which fostered greater trust and cooperation.
• Tackled fears directly, especially when they pointed to necessary actions for growth.
• Considered networking less crucial to success than achieving goals to attract a strong network.
• Understood that focusing CEO energy on a single venture maximizes potential returns and accomplishments.
• Shared personal stories of growth, partnerships, and leadership, with emphasis on the influence of my wife, Leila.

Video

How To Take Action

I would suggest starting with praise and recognition to create a positive environment at work. If you think of something nice or a reward for your teammates, do it right away. This encourages them to give their best. It's important to let your team know you see and appreciate their hard work.

Try not to respond to bad news in anger. If you're upset about something at work, sleep on it before you reply. You might feel different in the morning, and you can handle the situation without saying things you'll regret.

Remember, stress means you're alive and care about what you're doing. Don't be hard on yourself for being stressed. Think of it as a sign that you care deeply, not something that's wrong.

Be patient and trust your teammates at work. If they do something great, be quick to trust them more. But if they let you down, be ready to take that trust back. Believe what people show you about who they are the first time.

Instead of punishing mistakes, use praise to help your team do better next time. People respond well to positive feedback and will work better and be more loyal in the long run.

Compete with yourself, not others. Aim to do your best every day instead of comparing yourself to what others are doing. When you get feedback, even if it's tough to hear, take it seriously and use it to get better right away.

When you have to do something, take action quickly. Don't wait or make super detailed plans that slow you down. And care about your people more than the transactions in your business. When people feel you really care about them, they will work hard and trust you more.

Lastly, tackle the things that scare you because they’re often what you need to do to grow. And focus your energy on one business or goal to get the best results. This way, you can achieve way more.

These tips are all about creating a strong team, managing your emotions and stress, and keeping focused on what's important in the long run. It’s not just who you are but how you lead that shapes your business and personal growth.

Quotes

"Never stifle a generous impulse, whether it's a gift or praise. As soon as you think it, send it"

– Alex Hormozi

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"You never regret taking a night to sleep on an emotional response, but you do regret the ones done in the moment"

– Alex Hormozi

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"Stress doesn't mean there's anything wrong. It means you're alive"

– Alex Hormozi

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"You can feel bad and do nothing about it"

– Alex Hormozi

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"Longterm over everything"

– Alex Hormozi