Uncovering Hidden Constraints in Your Business | Ep 520

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 4 April 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

"If what you do every day doesn't necessarily change, but how much you get credit for, it does, then you get more for what you put in.” Today, Alex (@AlexHormozi) discusses how to identify and solve the real constraints holding back a business. He also provides examples of three businesses with different problems but the same larger issue and explains how to approach each one to find the real constraint and create a path to growth.

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:

(2:11) Theory of constraints: focus on the constraint for outsized returns.

(5:20) Appointment-setting business: niche down or partner with bigger business.

(8:51) HVAC business: learn HVAC, partner, or buy and juice up.

(12:55) Size of the slice of the pie matters.

(15:12) Influencer business: build sales, product, and customer success departments.

(22:12) Framework: identify the problem to solve.

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Transcript

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0:00.0	Real quick, you guys already know that I don't run any ads on this and I don't sell anything.
0:04.6	The only ask that I can ever have are you guys that you help me spread the words.
0:07.8	We can have more entrepreneurs, make more money, feed their families,
0:10.9	make better products, and have better experiences for their employees and customers.
0:14.9	The only way we do that is if you can rate and review and share this podcast.
0:19.4	The single thing that I have to do is leave review,
0:21.9	take you 10 seconds or one type of the thumb,
0:23.9	it would mean the absolute world to me.
0:25.2	More importantly, it may change the world of someone else.
0:28.1	People who are wealthier don't do more than you do.
0:31.5	They get more out of the effort they put in.
0:33.6	They're not moving faster.
0:35.0	They're just getting more credit for the stuff they do.
0:38.8	Welcome to the game where we talk about how to sell more stuff to more people in more ways
0:42.1	and build businesses worth owning.
0:43.8	I'm trying to build a billion dollar thing with acquisition.com.
0:46.4	I always wish pesos, musk and buffet had documented their journey.
0:49.4	So I'm doing it for the rest of us.
0:50.7	Please share and enjoy.
0:53.2	I'm going to solve three massive business problems that can take you from 10 to 100 million
0:58.1	I'm going to walk you through the frameworks so that you can apply this to your business,
1:01.5	your work or your personal brand.
	...

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