The Levels of Growth for Employees & Entrepreneurs | Ep 650

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 27 December 2023

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Watch the YouTube version of this episode HERE

“It's actually your strengths oftentimes, which become almost always the bottleneck in the business.” Today, Alex (@AlexHormozi) explores the key concepts every entrepreneur needs to understand for business growth. From mastering personal skills to developing comprehensive business frameworks, the journey of entrepreneurship is marked by continual growth and improvement. Highlighting the importance of groomed leadership and a talented team, Alex walks you through the process of transitioning from being an individual contributor to being a manager, and ultimately a leader.

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:

(1:15) - Understanding the three levels of employees or talent

(2:55) - Breaking down the three levels: individual contributor, manager, and leader

(4:52) - The role of systematization in leadership

(5:31) - Applying the framework to different departments in your business

(10:42) - The challenge of transitioning from manager to leader

(11:30) - The role of personal growth in entrepreneurship

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(This episode is a re-run. Original airdate was on June 01, 2021)

Transcript

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0:00.0	And so for us as entrepreneurs, a lot of times we have to think,
0:02.3	like, how can I improve my character?
0:04.0	What are the traits of mine that are deficient
0:06.6	so that I can hopefully inspire people,
0:09.1	that I can bring people in at this higher level
0:11.1	and then actually be able to execute.
0:15.6	Welcome to the game where we talk about how to sell more stuff to more people in more ways and build businesses worth owning.
0:20.5	I'm trying to build a billion dollar thing with acquisition.com. I always
0:23.4	wish Bessos musk and Buffett had documented their journey so I'm doing it for
0:26.7	the rest of us. Please share and enjoy.
0:30.3	Business owners I think we can all agree that one of the most important things that happens as we grow is that we learn frameworks and that's why when you look back at what you used to accomplish years ago, it seems like you could fix those problems so easily because you have
0:43.2	frameworks with which you've learned to think right and so it took me six years to
0:47.6	build my first eight figure company six and a half to build my first eight
0:51.0	and a half figure sorry multiple eight figure company because that was the same company.
0:55.3	The next company that I did that was Multip
0:56.3	Viggers was it took me a year to build and the one after that took me six months and so we've gotten
1:03.7	faster and faster and faster at doing this and now I've done over 120 million in
1:07.0	sales across different industries and one of the key frameworks that I've
1:10.6	developed or helps me think through things.
1:14.0	So I'm going to share with you today.
1:15.4	All right, so there's kind of three levels
1:18.1	of employees or talent, right?
	...

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