Why I've Been Stuck At ~$30M/Yr for 3 Years | Ep 228

The Game with Alex Hormozi

Alex Hormozi

Education, Entrepreneurship, Business, How To

4.9 • 4.8K Ratings

🗓️ 14 August 2020

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

You need profit in order to grow. Today, Alex (@AlexHormozi) talks about his experience on why he’s been stuck at $30M per year, the rule called “3 and 10”, how the four beliefs behind that rule can help you get out of that rut if you follow it properly, and how he will overcome this hurdle in his entrepreneurial journey.

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:

(0:47) - Alex shares struggle and "Chinese rule of 3 and 10"

(2:00) - 4 big beliefs: marketing, pricing, sales, talent. Alex discusses.

(7:58) - Reason for being stuck: not delegating tasks.

(11:43) - Two sides of business: acquisition and fulfillment.

(14:52) - Quality training for people working at scale.

(18:36) - Levels to the game, quality of hires needs breaking.

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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 not more entrepreneurs make more money, feed their families, make better products,
0:11.9	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	I'll 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.
0:28.2	It's called the Chinese rule of three and 10.
0:30.0	Right? So systems break, essentially every time you triple them.
0:33.5	Welcome to the game where we talk about how to get more customers,
0:35.7	how to make more customers, how to keep them longer,
0:37.7	and the many failures and lessons we have learned along the way.
0:40.2	I hope you enjoy and subscribe.
0:42.3	What's going on everyone?
0:43.6	Happy Thursday.
0:44.4	Hope you guys are having a good end of week-ish home stretch.
0:49.6	I had a really introspective day yesterday.
0:54.1	I kind of reached a little bit of a moment of frustration
0:57.1	because no matter how many different ways we've cut it,
1:02.4	we did.
	...

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