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The Game with Alex Hormozi

The Secrets to Scaling Internet-Based Businesses (with Ryan Pineda) Pt.1 - June ‘22 | Ep 528

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.94.4K Ratings

🗓️ 22 April 2023

⏱️ 29 minutes

🧾️ Download transcript

Summary

"We wanted to build the machine that builds the machine." Today, join Alex (@AlexHormozi) and his wife Leila (@LeilaHormozi) as they guest on Ryan Pineda’s Show to explain their approach to investing in and partnering with businesses, as well as the challenges and strategies involved in taking a company from $3 million to $30 million in revenue. This is part 1 of the interview.

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.

Check out the episode on Ryan Pineda’s YouTube Channel!

Timestamps:

(0:45) - What Acquisition does & bottlenecks for growth

(4:27) - Needs for hiring & evaluating portfolio companies

(15:36) - Thoughts on selling Acquisition & going public

(18:53) - Full-force on social media & content creation time

(25:10) - Advice for founders to improve business growth

(27:07) - How to prevent churn in e-learning masterminds

Follow Alex Hormozi’s Socials:

LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition

Transcript

Click on a timestamp to play from that location

0:00.0

There were a number of assumptions that had to be true for us to kind of hit what we wanted to do.

0:03.2

And so it was like, we have to be more popular in the future than we are today.

0:05.7

We have to invest in businesses where the marketplace is growing faster than the S&P 500.

0:10.3

We have to believe that we can meaningfully drive value to those particular companies.

0:14.2

And we have to do business with people that we think are exemplary.

0:18.6

Welcome to the game where we talk about it.

0:20.1

Get more customers, how to make more per customer, and how to keep them longer.

0:22.9

And the many failures and lessons we have learned along the way.

0:25.4

Hope you enjoy and subscribe.

0:27.6

What's going on everybody?

0:29.0

Welcome to another episode of the Ryan Penaedashow today.

0:31.2

I actually have our most requested guest ever Alex explaining at Layla.

0:37.4

I have none other than I'll just say the Hormosi.

0:40.0

So what's up?

0:41.0

What's up?

0:42.0

Yeah, it's good to see.

0:43.4

Yeah, it's good to see you guys.

0:45.0

So explain to everyone like what acquisition.com is.

0:47.4

Yeah.

0:48.2

So we work with internet businesses.

0:50.1

Typically, I would say the majority of our businesses are e-learning and training companies as a whole is probably 80%.

0:55.2

Then 20% are just, I would say generic service service space businesses.

...

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