The One Problem Every Entrepreneur Has... | Ep 293

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 20 April 2021

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Every entrepreneur has one problem... a people problem. Attracting, hiring, and keeping the right team members can make or break your business. Today, Alex (@AlexHormozi) talks about the single problem that entrepreneurs are facing when it comes to company growth: the talent they hire. He also explains the various reasons why this is a problem for entrepreneurs and the steps to take to avoid it.

Welcome to The Game Podcast where we talk about how to get more customers, make more profit per customer, and keep them longer, and the many failures and lessons we have learned along the way to $100M in sales. We've got roll-up-your-sleeves kind of hustle with a little bit of cleverness and a lot of heart.

Timestamps:

(2:13) - Knowing the difference between each person in your team, their strengths, weaknesses, etc.

(4:35) - When an employee shows ownership or accountability in situations and provides a solution after

(7:20) - A brand manager cares deeply about the customers and their experience. They always think, “How can I improve their experience?”

(9:45) - If you want to find the best of the best for your team, you have to raise the bar. You are the one who sets the standard so that the kind of employees you want will be attracted to working with you

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Transcript

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0:00.0	Real quick guys, if you can think about how you found this podcast, somebody probably
0:03.8	tweeted it, told you about it, shared it on Instagram, or something like that.
0:07.5	The only way this grows is through word of mouth. And so I don't run ads, I don't do sponsorships,
0:12.2	I don't sell anything. My only ask is that you continue to pay it forward, do whoever showed you,
0:16.4	or however you found out about this podcast that you do the exact same thing. So if it was a review,
0:21.0	if it was a post, if you do that, it would mean the world to me and you'll throw some good comment
0:24.3	out there for another entrepreneur. Every single entrepreneur has one problem. They think they have
0:28.0	multiple problems, but they have one problem. And it's a people problem. Welcome to the game,
0:32.1	where we talk about how to get more customers, how to make more customers, how to keep them longer,
0:35.6	and the many failures and lessons we have learned along the way. I hope you enjoy and subscribe.
0:39.9	All right, in this video, what I want to talk about is I just finished our strategic meeting,
0:43.6	and it was so apparent some of the new talent that we brought in, how much they were really
0:49.2	driving growth in some of our companies. And I want to talk about this because I think it's
0:55.5	the single hardest thing that entrepreneurs face. Like every single entrepreneur has one problem.
0:58.8	They think they have multiple problems, but they have one problem. And it's a people problem.
1:02.8	They don't know where to find good people. Number one, number two, they don't know how to hire and
1:07.8	recruit those people. Number three, they don't know how to manage those people. Number four,
1:11.7	they don't know how to grow and cultivate the talent. Right? And so that entire process
1:16.3	embodies what really growing a business becomes after you get to probably about 10 to 30 million
1:22.0	years when when when ops really really start taking over, especially at 30, it's all about talent.
1:28.2	And I think I've said this before, this is probably the biggest, it's been the biggest bottleneck for
1:31.7	me crossing 30 to 100, is was really understanding that. I was understanding that it was all about the
	...

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