4.9 • 4.4K Ratings
🗓️ 19 August 2024
⏱️ 13 minutes
🧾️ Download transcript
"Every business needs three big functional leaders. Acquisition... delivery... and operations (keeping everyone out of prison)." In this episode, Alex (@AlexHormozi) shares thoughts on key leaders in your business, how to find them, hire them, and have hard conversations with them.
Welcome to The Game w/Alex Hormozi, hosted by entrepreneur, founder, investor, author, public speaker, and content creator Alex Hormozi. On this podcast you’ll hear how to get more customers, make more profit per customer, how to keep them longer, and the many failures and lessons Alex has learned and will learn on his path from $100M to $1B in net worth.
Follow Alex Hormozi’s Socials:
LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition
Click on a timestamp to play from that location
0:00.0 | So in this podcast I want to talk about people which is not a topic that I normally do this is normally Lala's hat but I was feeling moved by the spirit today |
0:07.1 | So we're going to talk about how to find them how to hire them and how to have hard conversation with them and the three-legged stool of |
0:13.8 | business that you require the three main rules every business needs. |
0:17.1 | So it's a lot of stuff to be jam-packed, enjoy. There are three legs of the stool and |
0:21.0 | so every business needs three big functional leaders. You need one |
0:24.8 | person who's in charge of getting customers, acquisition. You need a second person who's |
0:30.2 | in charge of delivery and getting those customers exactly what was promised. |
0:34.0 | And then third, you need someone to run the internal operations of the business. |
0:37.5 | This is the day-to-day. |
0:38.5 | This is everything we do to support the other two functions. |
0:41.0 | So this is IT, legal, HR, these are the things that are required to keep |
0:45.0 | you out of prison. And so you have to have contracts, you have to pay people on time, you have to |
0:49.7 | have a CRM that collects all this information and this one functions as a vendor to the other two heads. |
0:57.8 | So think about this, that person should never be making the big decisions in the business, they should be supporting the |
1:03.8 | decisions that allow us to get more customers or deliver on those customers |
1:08.1 | better. Which if you think about it, those three legs of the stool roll up to the only three things that you can do to increase |
1:14.9 | enterprise value in a business. |
1:16.2 | You can get more customers, you can make them worth more, get more customers acquisition, |
1:20.0 | make them worth more delivery, and you can decrease risk in the business and so that is |
1:24.6 | where the operations comes in. If I know that everything's completely dialed we have no |
1:28.5 | massive risk that we're supposed to and we can get as many customers we don't or please |
1:32.2 | and our LTV continue to scale, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Alex Hormozi, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Alex Hormozi and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.