What It Really Takes to Grow Your Business | Ep 716

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 27 May 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

“All businesses have sh*t. The challenge is knowing which sh*t you're willing to deal with.” Today, Alex (@AlexHormozi) delves into the crucial aspect of truly understanding your business's core challenges and its nature to unlock substantial growth. He emphasizes the disparity between initial expectations and the real core problem within each venture, advising entrepreneurs to focus on their business's actual challenges rather than pursuing seemingly easier opportunities, for achieving significant success.

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:

(1:03) - The essence of knowing your business

(6:23) - Expanding your horizons

(10:54) - Consulting and professional services

(13:21) - The big picture: solving the right problems

(16:06) - Avoiding “the woman in the red dress”

(26:13) - The importance of commitment and focus

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Transcript

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0:00.0	Do you know the business that you're really in?
0:01.8	I spent the vast majority of my time founding a company,
0:05.1	getting really excited about it,
0:06.4	and then once I actually get into it,
0:08.0	once things actually get rolling,
0:09.8	I think the problem that I was going to have to solve
0:12.8	is actually not the problem that I end up having to solve.
0:16.1	And every time I get into one, I think, oh, this one
0:18.8	will be easier than the last one,
0:19.9	because I'll know how to solve this key problem.
0:21.8	But that's because that business has an
0:23.5	entirely different set of problems and once I realize that I realize oh this is
0:28.1	where my work begins this is the business that I'm actually in if you don't know
0:32.2	me welcome to the show.
0:33.4	This is the game where we talk about making more money, scaling companies,
0:36.5	and business stuffs.
0:38.1	My name is actually, I'll be your host on this magic carpet ride of a day.
0:42.0	I promise you that if you were in a business and you're trying to scale and try to make generational wealth with it, this one will be worth it.
0:48.0	I had over the weekend had a handful of kind of topics I want to talk about today.
0:53.0	But I woke up this morning with one on my heart.
0:56.7	And I think I think you guys will dig it.
0:59.6	And if you don't dig it, it may still make you money regardless.
	...

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