Most Businesses Are Worthless | Ep 371

The Game with Alex Hormozi

Alex Hormozi

Education, Entrepreneurship, Business, How To

4.9 • 4.8K Ratings

🗓️ 22 February 2022

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

No one wants to buy a job. Today, Alex (@AlexHormozi) talks about why most businesses are considered worthless, the actions you need to take to bring more value, and making your business sellable.

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:

(1:23) - Small businesses lack value; they're jobs, not businesses.

(6:25) - Hire skilled people to run the business efficiently.

(8:50) - Money-focused approach leads to burnout; structure and support necessary.

(11:11) - Targeted sales, proper hiring, and sellability determine business worth.

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Transcript

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0:00.0	Hey guys, real quick.
0:01.0	So Layland and I are definitely working on our social media presence if you guys haven't
0:03.7	noticed.
0:04.7	And we're just breaking now into linked in.
0:06.2	Alright, it's not as bad as I thought.
0:08.0	It's actually been pretty awesome so far.
0:09.6	And you guys have been really cool in there and people are sharing our stuff a lot.
0:12.4	So if we aren't connected on LinkedIn, go ahead and let's connect and let's rock and roll.
0:17.2	99% of businesses end up closing down over a long enough time horizon.
0:24.6	Welcome to the game where we talk about how to get more customers, how to make more
0:27.2	customers, how to keep them longer and the many failures and lessons we have learned
0:30.5	along the way.
0:31.5	I hope you enjoy and subscribe.
0:33.5	99% of businesses end up closing down over a long enough time horizon.
0:41.8	Only 1% of businesses ever get sold or train chance.
0:44.8	And the reason for that is not because, you know, what you might think, right?
0:49.0	You might think that it's because business owners don't know how to sell their business
0:51.7	or don't know how to market the business to get sold.
0:54.0	But that's actually not the real reason.
0:55.6	The real reason is because most businesses are worthless.
0:59.1	And so what I want to talk about today is how to go from a worthless business to a business
1:03.8	that has actual value.
	...

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