Flows & Bottlenecks...💦💦💦 Do you know your cash flow pipeline --How to never hit the brakes on growth | Ep 115
The Game with Alex Hormozi
Alex Hormozi
4.9 • 4.8K Ratings
🗓️ 21 March 2019
⏱️ 13 minutes
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Summary
By having all attention allocated to the biggest bottleneck, the business can grow faster. Today, Alex (@AlexHormozi) discusses the importance of identifying and addressing bottlenecks in a business in order to maximize growth. He emphasizes the need to focus on the five core functions of a business, allocate and prioritize resources, and deliver more value to customers than expected.
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:
(0:55) - Maximizing growth by allocating and prioritizing resources
(2:45) - Identifying and executing core business functions
(4:11) - Overcoming bottlenecks for business growth
(8:10) - Improving retention rates through effective problem-solving
(9:27) - Creating permanent solutions and scaling your business using the three P's
(11:34) - Resolving business bottlenecks for sustainable growth
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Transcript
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| 0:00.0 | Most of the nation 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 play 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 | What's going on everyone? |
| 0:19.9 | So, I hope you guys are going to have an amazing day. |
| 0:23.8 | I wanted to make this piece of content for you, by you, at you. |
| 0:27.9 | I'm calling this flows in bottlenecks because I was feeling the flow and I'm showing you my flow. |
| 0:32.9 | But actually, because I wanted to talk about one of the things that I think has been key to our continued rapid growth |
| 0:40.1 | and it is identifying bottlenecks and only focusing on those things. |
| 0:45.2 | So, for those of you new to this, there are five core functions of every business |
| 0:49.5 | and if you are not reading yourself on them, then it is very difficult for you to improve on them. |
| 0:55.0 | And so, if you think about every business is allocated the same initial resources, which is time. |
| 0:59.9 | And so, I feel like I'm making this half as a spoof because for those of you who don't know, |
| 1:04.1 | there is a spoof piece of content that all the gym lords made |
| 1:07.7 | and that we released that they made as a joke for me making fun of me, which is awesome. |
| 1:12.2 | But I'm going to be covering some of those things of how we went from zero to like, I mean, |
| 1:17.3 | I mean, now we're at like a $50 million run rate in just under two years, right? |
| 1:21.4 | And so, how do we do that? |
| 1:22.6 | And if every other competitor in the space has access to the same workforce, right? |
| 1:27.4 | They've access to the same things to advertise on in order to get talent. |
| 1:31.5 | And they have access to the same information because it's the internet. |
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