Setting Standards with the Hormozi's

**Disclaimer: Leila and Alex use Adult language!

Overall, I didn't learn a lot of "new" information, but turn this on and ponder these questions while you listen:

1. What are the standards the best version of yourself has for you?

   1. How do you fuel your body?

   2. What do you do in your free time?

   3. What words are you choosing?

2. What standards do you have for your team?

3. Have those been communicated? Are they specific? Are you tolerating anything less than/is anything actually happening when those standards aren't met?

4. Are you personally exaggerating those standards? If you're not, how could you start?

Podcast Notes:

1. Always be open to resetting your standards.

   1. Alex and Leila, two extremely successful entrepreneurs, learned their expectations for how much time it took to make a Youtube video were well under how long their role models were taking.

2. Standards for excellence are low, and the world may throw rocks at people with high standards.

3. "Most people just try to distract themselves with useless activities until they die. Don't apologize for attempting to make something useful with your life"

4. Don't be afraid to spend longer to prep your meetings. If you are pulling 15 people into one room, that meeting NEEDS to be worth it.

5. People will rise to the standards of your actions, not your words

   1. If you're not doing "it", your employees won't either.

   2. You have to be the exaggeration on the standard.

      1. If Leila, the boss, sees the coffee machine that's low on water, SHE will refill it.

6. If you raise the standard, you will be in the minority, be prepared for backlash.

7. Expectations + Measurement * Reinforcement

   1. Set the expectations

   2. Create a tool to measure it

   3. Then, as a manager, reinforce it

8. Your job is to protect the entire company, not one employees feeling. Meaning, firing might have to happen

9. Leadership is not about making everyone happy, it's about making the best people, or those that meet your standards, happy. The others will weeds themselves out.

10. Being nice is weakness disguised as politness

    1. **I don't actually believe this is true ALL the time, but I think it can be true much of the time.

11. Litness test for employees: "Is this person making it easier or harder to achieve our goals?

12. Standards need CLEAR examples.

    1. "I need you to work harder" vs I need you show up earlier/later, I need more videos per day, etc.

13. "The best we've got" vs "The best we need"

    1. If the best option isn't the right option, it's still the wrong option.

14. What you tolerate is your standard, not what you shoot for.

    1. If someone is late to a meeting 1 time, and nothing happens, you are communicating that is okay.

    2. Give feedback as SOON as possible. Leila creates a list throughout the day and before the day ends, takes care of it.

       1. On another Alex Hormozi podcast, he talks about how to have an accountability talk when a teammate doesn't get something done

          1. Did they know they were supposed to do it? Did they know there was a deadline

             1. ("Did I tell you about doing X by X date ?")

          2. Did they know how to do it?

             1. ("Did I give you enough of the right resources?")

          3. What obstacle was in their way?

             1. "What obstacle can I help you with that blocked this from getting done?"