The SIMPLE Managerial Framework That Changed My Business | Ep 422
The Game with Alex Hormozi
Alex Hormozi
4.9 • 4.8K Ratings
🗓️ 16 August 2022
⏱️ 12 minutes
🧾️ Download transcript
Summary
Communicate the expectation. Today, Alex (@AlexHormozi) talks about the reasons why your employees are not doing the tasks you’re asking them to, and the process of how to turn things around using the managerial framework he’s come up with. Once you hit all the peaks of the framework’s triangle, you’re on the right path!
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:
(1:10) - Alex's framework: What if someone doesn't do what you want?
(2:38) - Reason #1: They're unaware of your expectations.
(4:27) - Reason #2: Lack of training; show them how.
(6:17) - Reason #3: Check motivation; incentives drive action.
(9:16) - Understand internal, external motivations within your team or company.
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LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition
Transcript
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| 0:00.0 | Moisturization real quick, if you are a business owner that has a big old business and wants to get to a much bigger business, |
| 0:06.1 | going to $50, $100,000 plus we would love to talk to you. |
| 0:09.5 | And if you like that or would like to hear more about it, go to acquisition.com and you can play anywhere on the page |
| 0:14.3 | and talk to one of our team and see if we can help you get there. |
| 0:17.6 | When you're trying to diagnose a situation, if you're asking an employee, and I'll give you some of the scripting around this at the end, |
| 0:22.4 | it's like, hey, is it this? I've noticed you're not doing this thing, is it this or this, it's causing it. |
| 0:26.8 | And then you're not attacking the person, you're attacking the process and it makes it much easier to talk about. |
| 0:30.4 | Welcome to the game where we talk about how to sell more stuff to more people in more ways and build businesses worth owning. |
| 0:35.8 | I'm trying to build a billion dollar thing with acquisition.com. I always wished pesos, musk and buffet had documented their journey. |
| 0:41.4 | So I'm doing it for the rest of us. Please share and enjoy. |
| 0:43.9 | If you deal with human beings, you are going to inevitably try to influence them at some point to do what you would like them to do. |
| 0:50.4 | And this happens within the context of when you go to a restaurant, you ask waiter, you hope that they put the thing in for you. |
| 0:54.7 | Right? You want the food to come out the way you want to come out. |
| 0:56.5 | We have desires and demands that we make of the universe and we want them to come back to us based on our preferences. |
| 1:02.0 | Now, that being said, when we run a company, right, we deal with employees and other people a lot in order to organize them in a single direction to get them to the outcome that we desire. |
| 1:10.5 | All right. And so I have talked about this in the past, but I will give you Alex's simplest framework, which is a triangle framework. |
| 1:17.1 | If you don't know why I'm on my name is that. |
| 1:18.3 | Alex from Ozi on AXS is not coms probably most cuff knees that deserve a hundred million dollars a year. |
| 1:21.7 | And I have nothing to sell you. I make these because I want you to make tons of money and then hopefully partner with us in the future to get from three million to 10 million to 20 million 30 million and beyond. |
| 1:28.3 | All right. Awesome. So let's rock and roll. |
| 1:30.3 | So one of the easiest frameworks that I've actually been somebody who's struggled at the managerial side more than kind of like the strategy or the marketing things like that. |
| 1:37.1 | Like I've struggled more on the managerial side. |
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