Leila Hormozi Profile picture
Mar 3 11 tweets 2 min read
According to the Small Business Administration—

20% of small businesses fail each year.

Why?

The founders are hiring based on biases.

Here are the top 5 hiring biases that cloud your judgment

👇
1. Confirmation Bias

60% of interviewers will decide about a candidate within the first 15 minutes.

They spend the rest of the interview justifying or confirming their bias.

We tend to assume rather than lead with curiosity.
If someone is quiet, we assume they're unconfident.

If their camera isn't on, we assume something's wrong.

If they don't have makeup on, we think they're lazy.

Be curious and ask more questions.
2. Expectation anchors

Our brains use one piece of info about a candidate to make a decision.

It's usually based on past hires.
Ex: Hiring a new marketing manager.

You're more likely to look for similiar qualities that your last manager had.

If they're not like that, we tend to think they're not a good fit.

So we've become biased by our past experiences.
3. Halo effect

We focus heavily on one good thing about a person and ignore the rest.

They might have a fancy degree—

Or experience with a major competitor.

These can overshadow the pitfalls.

And cause you to make a bad hire.
4. Similarity bias

We naturally want to be with people like us.

But we end up with homogenous teams.

Same people, similar traits.

No diversity of thinking.

We need different perspectives to grow.
5. Affinity Bias

We have a natural inclination towards somebody if we have something in common.

Could be:

- Same college
- Same name
- Same hometown

Those qualities have no effect on performance.

It's one of the biggest mistakes companies make.
Every time I've made the right hire—

I've felt incredibly uncomfortable.

They didn't think or act like me.

And that's a good thing.

Don't follow your gut.

Because if you do, you'll end up with a team of you's.
TLDR: 5 Hiring biases that'll put you out of business

1. Confirmation bias
2. Expectation anchors
3. Halo effect
4. Similarity bias
5. Affinity bias
I hope you found the thread valuable.

What are the top hiring mistakes you've made?

Drop them in the comments below👇

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More from @LeilaHormozi

Mar 1
A lot of people think four-day workweeks should be the standard.

But they never tell you how to make it work.

Here's some ways to make it work for your own business:
Some people think the four-day workweek is a good idea—

But I'm not sure.

Some people work at places that say they have a four-day workweek...

But they still have to work five or six days because they have so much work.
The most important thing is HOW we talk about it.

If we can't do the work in four days—

Then we shouldn't say it's a four-day workweek.

It's not fair to employees.

And it tarnishes the company's reputation.
Read 10 tweets
Feb 24
I used to overthink stuff all the time.

Here are six tips I used to get over it:
1. Control your reactions

Your thoughts aren't always under your control.

But your reactions to them are.

Negative thoughts are signals that our brain sends.

But if we try to ignore them—

They'll just get stronger.
Instead of fighting against them...

Understand they're a part of the human experience.

Allow them to pass through your mind—

But don't get caught up in them.
Read 11 tweets
Feb 17
John Wooden, the greatest NCAA basketball head coach of all time, said it best:

"Winning the behavior is success, not winning the outcome."

If you want to be successful, adopt these 6 behaviors👇
1. Identify winning behavior

Focus on the things you do—

Not just the result.

Develop and maintain positive habits and actions.

By shifting the focus from just winning...

To the behaviors that lead to winning—

You can understand how to act to reach your goals.
2. Measure your success based on your behavior

Look at the things you do and how you do them.

Identify areas of improvement and track progress.

Keep the focus on behaviors that lead to success—

And double down on what works.
Read 11 tweets
Feb 15
According to research by McKinsey, top-tier CEOs improve their businesses performance 3x more than average CEOs.

Here are their insights👇
Great CEOs are always looking at what they should stop doing—

So they can focus on the most important things.

It's like being a gardener:

If you don't prune the tree...

It'll grow too big—

And be too hard to manage.
Most entrepreneurs are great at starting new things.

But they can get overwhelmed with too many things going on.

They might end up with a "Frankenstein" type of business.

Too many product lines.

And too many areas of focus.
Read 12 tweets
Feb 13
If you want to have total control over your brain (and be more successful), read this:
Our brains are made to keep us safe—

Not to make us successful.

Sometimes our thoughts and feelings can cloud our judgment...

And get in the way of reaching our goals.

Our brain's main function is to keep us safe.

And that doesn't always align with our goals.
Ex: If your brain tells you to do something to avoid pain—

That's not always the best choice.

Obeying our thoughts and feelings can backfire—
Read 13 tweets
Feb 8
Being an entrepreneur is incredibly hard work.

Here are three skills that'll make it feel way easier 👇
1. Sales

Sales isn't just about selling products.

It's also about selling yourself and your business.

It's important to be able to talk about what you do—

And why it's a better choice than your competitors.
2. Perserverance

Perseverance allows you to push through the hard times—

And keep going even when things get difficult.

Persistence helps you stay focused on your goals—

And not give up when things get tough.
Read 9 tweets

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