The Sweet Spot | Ep 218

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 30 June 2020

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Balance is not found, it’s created. Today, Alex (@AlexHormozi) talks about finding the right balance between the performance and role when it comes to managing your employee’s workflow. He also shares the metrics that are needed to find the balance.

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:

(1:02) - When it comes to managing each role in the company, look at it through balanced metrics. This helps you manage the dichotomy between performance and role

(2:34) - Alex shares with us more examples of the balance between performance and role. There’s typically a metric you’re trying to push with each person, if you can define these to them, you can push them to perform better

(4:23) - This is the sweet spot: you have the positive thing in which you're going for against the negative thing that you're trying to avoid. This will get you much closer to the optimal performance for each of these roles

(6:20) - The whole game is how you train your employees. Give them two metrics and you walk in the middle. This is how you maintain high-level performance

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Transcript

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0:00.0	Hey guys, real quick.
0:01.0	So Laylandire definitely working on our social media presence if you guys haven't noticed.
0:04.4	And we're just breaking now into linked in.
0:06.2	Alright, it's not as bad as I thought.
0:08.0	It's actually been pretty awesome so far.
0:09.6	And you guys have been really cool in there and people are sharing our stuff a lot.
0:12.4	So if we aren't connected, on LinkedIn, go ahead and let's connect and let's rock and roll.
0:17.6	Welcome to the Jim Secrets podcast where you talk about how to get more customers, how
0:20.4	to make more per customer and how to keep them longer.
0:22.9	And the many failures and lessons that we have learned along the way.
0:26.1	I hope you enjoy and subscribe.
0:30.1	What's going on everybody?
0:31.9	Have you Wednesday?
0:32.9	I'll make this a short one for you.
0:34.9	I just got off a ball with a convey that I had the best interest in.
0:40.4	And so we were talking about how to set up the management metrics in place for the business as we're trying to scale it.
0:47.2	And so one of one of the things that picked up from Andy Grove in what is called high output management, I think, is paired metrics.
0:57.2	And it was just a great epiphany for me and so I'm going to share it with you.
1:02.0	So the way that Andy Grove, who's the founder of Intel, very smart dude, manages each of the roles within the company is that he tries to put paired metrics in place.
1:10.0	So it's not just number of sales or just closing percentage or just insert one thing here, right?
1:17.8	Most times, and this is just myself included, I would usually should be like, this is the one key metric that I want to look at.
1:23.2	This is the one thing that matters for this position.
	...

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