Maximizing Profitability in Service-Based Businesses

Serving with a smile! Today, Alex (@AlexHormozi) talks about 4 ways to package your service-based business and labor into a profitable one! Don’t miss out on his simple but very insightful tips!

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:

(1:51) - 1st and 2nd types: privately held chains and franchising

(3:32) - 3rd and 4th types: licensing (IP) and software (digital service)

(5:41) - Advantages and disadvantages of these 4 types of businesses

(13:06) - Scaling? Consider which bucket suits you and strategy

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