Analyze your business | Ep 341

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 28 October 2021

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Fools don’t use tools! Today, Alex (@AlexHormozi) shows us the variables and equations you need to analyze your business and how he got the two hardest numbers not everyone is able to have.

Welcome to The Game Podcast where we talk about how to get more customers, make more profit per customer, and keep them longer, and the many failures and lessons we have learned along the way to $100M in sales. We've got roll-up-your-sleeves kind of hustle with a little bit of cleverness and a lot of heart.

Timestamps:

(1:22) - Alex shows us how this important equation works and the 5 variables included: number of sales per month, current revenue, price, lifetime value, and gross profit

(9:54) - If you’re a business owner and don't know what your hypothetical max is, with your current model and numbers...you are gonna fool yourself and not see the weak points of your business

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Transcript

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0:00.0	Real quick, you guys already know that I don't run any ads on this and I don't sell anything.
0:04.5	And so the only ask that I can ever have are you guys that you help me spread the words.
0:07.7	We can have more entrepreneurs make more money, feed their families, make better products,
0:11.9	and have better experiences for their employees and customers.
0:14.8	And the only way we do that is if you can rate and review and share this podcast.
0:19.3	So the single thing that I have to do is you can just leave review,
0:21.9	but take you 10 seconds or one type of the thumb.
0:23.9	It would mean the absolute world to me.
0:25.2	And more importantly, it may change the world of someone else.
0:28.4	If you are good at something, you need tools.
0:31.2	Welcome to the game where we talk about how to get more customers,
0:34.4	how to make more customers, how to keep them longer,
0:36.5	and the many failures and lessons we have learned along the way.
0:39.0	I hope you enjoy and subscribe.
0:40.4	Mozination two days ago, I was speaking with some business owners that approached me
0:44.9	about becoming portfolio companies in acquisition.com.
0:47.8	And I want to talk to you about how that conversation went.
0:50.7	And I want to give you one of the most useful frameworks that I use in analyzing a business
0:53.6	that you can use today to analyze your own business and instantly two, three,
0:57.0	exit, which is exactly what I do when I'm looking at the portfolio companies
1:00.4	that we're considering investing in.
1:02.0	All right.
	...

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