Business Breakdown: Chick-fil-A | Ep 469
The Game with Alex Hormozi
Alex Hormozi
4.9 • 4.8K Ratings
🗓️ 8 December 2022
⏱️ 28 minutes
🧾️ Download transcript
Summary
Slow and steady always wins the race. Today, Alex (@AlexHormozi) talks about Chik-fil-A’s story, interesting facts about the company, what they did to stay in the game, and some important lessons we can apply to our own businesses.
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 on his path from $100M to $1B in net worth.
Timestamps:
(1:26) - The difference between mercenaries and missionaries
(5:24) - Longevity and staying deeply rooted in everything they did
(9:09) - You have a “cash-year” machine and a “cash-reinvestment” machine
(13:50) - Chick-fil-A believes in its values through and through & its culture of service
(17:41) - Integral lessons to learn from Chick-fil-A’s story
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Transcript
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| 0:00.0 | Mozination real quick, if you are a business owner that has a big old business and wants to get to a much bigger business, |
| 0:06.1 | going to $50, $100,000 plus we would love to talk to you. |
| 0:09.5 | And if you like that or would like to hear more about it, go to acquisition.com and you can plan anywhere on the page |
| 0:14.3 | and talk to one of our team and see if we can help you get there. |
| 0:17.6 | Chick-fil-A makes more money than McDonald's, Starbucks, and Subway combined. |
| 0:23.7 | And their first day in business, they made $50. |
| 0:27.3 | And today, they make over $5 billion. |
| 0:31.6 | Welcome to the game where we talk about how to sell more stuff to more people in more ways and build businesses worth owning. |
| 0:36.7 | I'm trying to build a billion dollar thing with acquisition.com. |
| 0:39.4 | I always wish pesos, musk and buffet had documented their journey, so I'm doing it for the rest of us. |
| 0:43.5 | Please share and enjoy. |
| 0:46.1 | I love Chick-fil-A. |
| 0:48.1 | I love their sandwiches, I love their desserts, I love their milkshakes, I love their waffle fries, I love their sauces, |
| 0:53.3 | I love their tenders, but what I love even more than that is their business. |
| 0:57.2 | And what you can learn from Astro Kathy, the founder, who started it 76 years ago as of today, |
| 1:03.6 | when he was 25 years old in Georgia. |
| 1:06.4 | And so one of the things that I love the most about this business is the perspective that he took. |
| 1:10.7 | So think about how many people you see on Instagram, we're talking about their side hustles in there. |
| 1:14.1 | And they're like six businesses they got open. |
| 1:16.3 | This man sold chicken sandwiches for 76. |
| 1:20.3 | Well, he died eight years ago. |
| 1:22.3 | So he sold them for 68 straight years of his life. |
... |
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