The Value of Experience in Entrepreneurship | Ep 541

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 23 May 2023

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

“Figure out the person you can provide the absolute most value to.” Today, Alex (@AlexHormozi) shares with us the seven things that entrepreneurs can sell, both in physical and digital formats. He also shares his framework for choosing a product or service to sell, as well as his approach to scaling and making it profitable.

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:

(1:13) - Types of services and products in physical and digital worlds

(4:41) - Choosing which one to sell

(7:45) - Transferable skills and experiences for career development

(12:36) - The Delivery Cube Framework

(15:52) - Maximizing value in product sales

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Transcript

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0:00.0	Most of the nation real quick, if you are a business owner that has a big old business
0:04.0	and wants to get to a much bigger business, 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
0:13.0	and you can plan anywhere on the page and talk to one of our team and see if we can help you get there.
0:17.5	You either have direct personal experience with the problem that you're trying to solve,
0:21.2	which is if you're new to this, would be one of my strongest recommendations,
0:24.9	because you probably aren't going to be able to like guess what people want,
0:27.4	but if you were that person, you know exactly what you want.
0:30.0	Welcome to the game where we talk about how to sell more stuff to more people in more ways
0:36.2	and build businesses worth owning.
0:37.9	I'm trying to build a billion dollar thing with acquisition.com.
0:40.6	I always wished Basos, Musk, and Buffett had documented their journey,
0:43.5	so I'm doing it for the rest of us.
0:44.8	Please share and enjoy.
0:47.8	Last week I gave a guest lecture at University of Texas on a class and entrepreneurship
0:52.1	and the common question that I got in this aspiring group was,
0:55.6	what do I sell and how do I make it profitable?
0:58.9	And so what I'm going to do is explain to you one,
1:01.6	how I pick a first product or a new product line that I want to start with in a company or business,
1:07.1	and then what I call the delivery cube of how I scale it and make it profitable
1:12.1	to do this over and over and over again.
1:14.5	The first thing that I want to start with is the only seven things that you can sell.
	...

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