4.9 • 4.4K Ratings
🗓️ 6 November 2024
⏱️ 18 minutes
🧾️ Download transcript
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.
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0:00.0 | Hey guys, welcome back to the game. Today, I want to talk about the way that you get the most |
0:05.6 | out of what you do. And so right now, the people who make more money than you, I find the |
0:10.4 | staff very interesting. I'll bring it up later. But like billionaires and millionaires, |
0:13.7 | the vast majority of the United States are self-made. So despite what social media and with |
0:17.1 | site, despite what mainstream media will say, we, for the most part, are cut from |
0:22.4 | the same cloth. We all started with the same amount of time, the same amount of money, and the |
0:27.2 | people who make it the furthest simply traded that time of money for better returns. And so I want |
0:33.3 | to walk you through a process. It's been very top of mind for me because I've been kind of like |
0:36.8 | diving back in to one of the departments at Acquisition.com. And I want to make this super real for you. |
0:41.5 | So this is going to be super tactical and enjoy it. And I think that you could probably have your team |
0:46.2 | listen to this and be like, this is what we're doing right now by the end of this podcast. And I think it'll give you a little bit of permission to make some drastic moves. And if you are listening to this as an employee, drastic doesn't mean bad. |
0:56.2 | You know, we talk about this a lot at Acquisition.com because we believe in the theory of constraints, |
0:59.7 | which is that there is always one constraint in a business and that a business will, or any system |
1:04.3 | will grow until it's, until it hits a constraint, and then it will grow no further. |
1:07.8 | You actually grow by solving problems oftentimes more than anything else. |
1:13.8 | You have this flow that you have to push through the pipeline. And no matter how much flow |
1:18.1 | you push through, if there's a bottleneck at one point, you will not grow past that bottleneck. |
1:22.3 | You will not be able to move the water faster than what that bottleneck can handle. |
1:26.1 | A different prompt for this that I want to encourage you, |
1:28.6 | and I think this is a really good team exercise. This is especially going out for the guys who are |
1:31.9 | stuck. Right now, instead of trying to grow your business, think about all the things that would |
1:37.2 | kill your business. Like what would kill my business most swiftly? And once you write down all the |
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