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The Game with Alex Hormozi

Practical Ways To Grow Your Business | Ep 821

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.94.4K Ratings

🗓️ 7 January 2025

⏱️ 33 minutes

🧾️ Download transcript

Summary

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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Transcript

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0:00.0

If we can't clearly state our goal, we certainly won't hit it, right?

0:03.0

You're not going to hit it by accident, for sure.

0:05.0

So I'm wondering, like, you know, yesterday when we looked at the van, like,

0:10.0

can the business model itself be a detractor?

0:14.0

Like if, I'm trying to think of how big can we grow this in the current model

0:18.0

before we have to look at SaaS or products or people become, you know,

0:23.6

obviously a big, big issue in this type of business. So how big can this go in this type of model?

0:29.7

Yeah, I think it can't, it's very unlikely to become a billion dollar a year sales business.

0:36.7

The biggest problem with it,

0:38.2

so the two big problems of that business

0:39.6

are revenue retention, number one,

0:41.9

and number two, depending on the model,

0:44.5

if you have like coaches.

0:46.9

Because coaching doesn't scale.

0:48.1

I mean, you can get to whatever,

0:49.2

$20, $30 million a year,

0:49.9

but it kind of like,

0:50.7

it becomes very difficult,

0:52.3

typically after that,

0:53.4

because getting somebody to be as good as you,

0:58.7

this is actually what I made my whole podcast on this point.

1:00.4

So if we scale, let's just say a one-on-one business

...

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