Money Making Advice You Needed to Know Yesterday | Ep 659

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 16 January 2024

⏱️ 82 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

“You gotta learn how to sell and you gotta learn how to lead.” Today, Alex (@AlexHormozi) answers your questions and shares valuable insights on building viable and scalable business structures. Topics covered include focus, discipline, problem definition, key business skills, product value, team dynamics, business partnerships, and the use of technology. Strategies for enhancing brand power, attracting quality clients, handling volatile customers, and improving sales close-rates are also discussed.

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:

(0:48) - How Do I Get Rich AF?

(2:33) - What If You Had To Start Over?

(3:51) - Three Most Important Skills To Develop?

(5:44) - How To Balance Freedom and Discipline

(7:26) - What Advice Would You Give To Your Younger Self?

(8:30) - Best Leila Story

(11:14) - Biggest takeaway from writing $100M Offers + Leads

(13:45) - Do you like book summaries?

(14:26) - Can you scale my business?

(18:08) - Difference between Skills and Meta-skills

(21:47) - How would you fix the education system?

(25:50) - How do you choose what to learn?

(28:04) - Takeaways from Branding Education

(33:54) - Deleting vs. Solving problems

(35:41) - How to price premium services?

(39:36) - What does a great accounting firm look like to you?

(43:14) - How much should I learn before hiring for a role?

(45:30) - How to fix operations?

(47:56) - What should agency owners avoid?

(49:20) - How do agencies become irreplaceable?

(52:52) - How do I deal with a needy client?

(56:29) - How do I stand out?

(58:39) - Should we franchise?

(01:02:59) - Where do you find knowledgeable people?

(01:04:24) - Should we do group selling?

(01:07:20) - How do I build trust in sales?

(01:08:50) - Number 1 Reason Show Up Rates Change

(01:12:29) - How to increase performance of setters and closers

(01:14:43) - How to sell emerging tech

(01:15:26) - What are the best A.I businesses you’ve seen?

(01:19:32) - How to hire a good development team

Follow Alex Hormozi’s Socials:

Transcript

Click on a timestamp to play from that location

0:00.0	maintaining the discipline to be very focused on with the problem that you're solving and who you're solving it for and I think that solves 90% of the problems from a strategic perspective for any small business owner including an agency. agency. Welcome to the game where we talk about how to sell more stuff to more people in more ways
0:17.5	and build businesses worth owning.
0:19.2	I'm trying to build a billion dollar thing with acquisition.com.
0:21.9	I always wish Bessos, Musk, and Buffett had documented their journey, so I'm doing it for
0:25.4	the rest of us. Please share and enjoy.
0:29.7	My audience asked me questions for 10 hours and here are the best moments.
0:34.0	Let's say my only goal was just to get rich AF.
0:39.0	What is rich AF just so we define it?
0:41.0	100 million.
0:42.0	Why not?
0:43.0	It's a good number.
0:44.0	You're willing to work hard, but you have limited skills and experience.
0:47.0	What business would you start, like right now, 2023?
0:50.2	And I have no money, right?
0:51.2	I would probably build a boring business and services, and I would probably build a boring business and services and I would probably pick something around the body.
0:56.7	You know, I wouldn't just start a design firm because I think that has a high likelihood of getting disrupted or, you know, in some way by AI if I were you know it's as
1:04.0	silly as this sounds like a nail salon or a lawn care service things that I mean
1:09.2	especially body ones dentist stuff like you still have to go in and get your teeth taken care of.
1:16.2	And many times people value the human exchange more than something robotic.
1:22.7	So for example, in the fitness world,
1:24.4	like this is my data point around this,
1:26.7	there was a brand called Coco Fit
	...

Please login to see the full transcript.

Previous episode | Next episode

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.