In order to retain people, one thing we had to do was separate information from consumable services. And new tests is another version of things that every month you want improvements. So even though the information there declined after we did it, they knew another one was coming. I mean, in Jim, we had many, many terrible things that happened during Jim launch. A third of all our clients went out of business very hard when you're not allowed to be in business. Even if you're a great Jim owner, if your state won't allow you to do your business and you still have to pay rent, and that's it.
“You need someone who has skin in the game.” Today, Alex (@AlexHormozi) shares with us the frameworks and lessons he learned from the many mistakes that led to those four businesses in a row so that you can use them too to grow your business!
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:
(0:57) - My 1st business, Gym Launch, & the lessons I've learned
(18:03) - Creating my 2nd business: Prestige Labs & why I regretted it
(27:28) - Diving into software as my 3rd business after Prestige Labs
(35:20) - My 4th & current business (aka that I’ll do for the rest of my life): Acquisition.com
(40:28) - Get the right person in the right seat doing the right playbook on the first shot
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