When I started Jim on, when we transitioned from selling done for you service, which is operationally heavy to the much operationally lighter media version, I was able to sell something that had virtually 100% margins. And this is where the skill sets that I learned from the turnaround business because I had eight sales guys then and we were doing ten thousand a day or more in sales in three to five hundred dollar increments. So I literally only had to take two internal trainings, make them external and then I just turned the faucet on and I already had a sales team so I could just scale 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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