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The Game with Alex Hormozi

The EASIEST Mistake to Make in Business-Changing Tactics vs Execution | Ep 210

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.94.4K Ratings

🗓️ 29 May 2020

⏱️ 10 minutes

🧾️ Download transcript

Summary

The job of the boss is motivation and training. Today, Alex (@AlexHormozi) shares with us one of the easiest mistakes an entrepreneur does when it comes to tactics vs. execution and how you can change your mindset around this mistake. At the end of the day, you'll really begin to like truly internalize how important execution and operations are.

Welcome to The Gym Secrets Podcast where you can listen in on the Top 1% of Gym Owners to hear the secrets of what they are doing differently to get more customers, make more profit per customer, keep them longer, and do it all without sacrificing their personal lives. We've got roll up your sleeves kind of hustle with a little bit of cleverness and a lot of heart. We are 1% of gym owners and this is our podcast. Hosted by Alex Hormozi.

Timestamps:

(1:22) - One of the hardest parts of entrepreneurship is looking at a situation and not getting the result you were hoping for and then changing the tactics

(2:22) - The hardest part is that 99% of the time most tactics work, it's just that the execution is where it gets lost. Oftentimes the problems lie within the people. It’s an operations problem

(3:44) - The skillset of learning how to market and sell typically is one of the first ones you acquire as an entrepreneur. But after that, being able to scale the business comes down to your ability to repeat that result in other people

(4:21) - if you're not drilling your team on the things that they need to be learning and repeating on a consistent basis, they will forget, they will stop thinking about it. They will stop prioritizing because they perceive that you're no longer prioritizing.

(8:34) - “So what should I change?” Honestly, you don't need to change. You just need to make sure that they're doing what they're supposed to be doing and that just takes doing the boring work

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Transcript

Click on a timestamp to play from that location

0:00.0

Hey guys, love that you're listening to the podcast.

0:02.5

If you ever want to have the video version of this, which usually has more effects, more

0:06.6

visuals, more graphs, you know, drawn out stuff, sometimes it can help hit the brain centers

0:11.6

in different ways.

0:12.6

You can check out my YouTube channel.

0:13.6

It's absolutely free.

0:14.6

Go check that out if that's what you are into and if not, keep enjoying the show.

0:18.6

99% of the time, most tactics work.

0:22.8

It's just that the execution is where it gets lost.

0:27.2

Talking to the gym secrets podcast, where you talk about how to get more customers,

0:30.1

how to make more per customer and how to keep them longer.

0:32.6

And the many failures and lessons that we have learned along the way, I hope you enjoy

0:36.6

and subscribe.

0:37.6

What's going on, everyone?

0:38.6

Happy Thursday.

0:39.6

I actually had this on my mind last night to talk to you about, which is the easiest

0:50.3

mistake in business and one of the hardest decisions that you have to encounter in entrepreneurship.

0:57.5

It's the juxtaposition between strategy and tactics or said differently between tactics

1:06.4

and execution.

1:08.6

Just for sake of clarity, what I'm saying, tactics, I'm talking about what you're trying

1:16.7

to do to accomplish something.

1:19.2

The execution is whether or not it's being done the way as intended.

...

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