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RecommendedLeila · Scaling a Business

What It's Really Like To Run A Business

at every level of business there's new sacrifices that you didn't know you were going to have to make have a hard conversation it's a different currency take on risk it's a different currency because if it was just oh I have to work long hours there's tons of people work long hours in their business and don't grow Elon says this really beautifully he says running a business is like staring at the abyss and eating glass the staring out the abyss component of it is just the fact that this may never work and you're almost facing existential risk at all times to the business and the eating glass component is that you will by nature of your role get fun the worst problems in the business and the problems that no one else can solve and the thing is is that the currency that you pay for in the hardness changes and at each level you unlock new levels of glass that you get to True through

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Original title: What It's Really Like To Run A Business · Leila Hormozi

Key takeaways

  • at every level of business there's new sacrifices that you didn't know you were going to have to make have a hard conversation it's a different currency take on risk it's a different currency because if it was just oh I have to work long hours there's tons of people work long hours in their business and don't grow Elon says this really beautifully he says running a business is like staring at the abyss and eating glass the staring out the abyss component of it is just the fact that this may never work and you're almost facing existential risk at all times to the business and the eating glass component is that you will by nature of your role get fun the worst problems in the business and the problems that no one else can solve and the thing is is that the currency that you pay for in the hardness changes and at each level you unlock new levels of glass that you get to True through

Chapters

  1. 0:00
    Abschnitt 1 at every level of business there's new sacrifices that you didn't know you were going to have to make have a hard conversation it's a different currency take on risk it's a differe

Full transcript

Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.

1 segments

0:00at every level of business there's new sacrifices that you didn't know you were going to have to make have a hard conversation it's a different currency take on risk it's a different currency because if it was just oh I have to work long hours there's tons of people work long hours in their business and don't grow Elon says this really beautifully he says running a business is like staring at the abyss and eating glass the staring out the abyss component of it is just the fact that this may never work and you're almost facing existential risk at all times to the business and the eating glass component is that you will by nature of your role get fun the worst problems in the business and the problems that no one else can solve and the thing is is that the currency that you pay for in the hardness changes and at each level you unlock new levels of glass that you get to True through …

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