A lot of people think that if they give away their secrets, they're not going to make money. And so you sell the implementation. You want to implement a CRM? Sure, you can watch the CRM videos, but they're probably not perfect for your business right now. So you pay for implementation. The entire fitness industry is based on selling accountability,. But the heart is in the execution.
"Strategic buyers tend to buy businesses for more than financial buyers do." Today, join Alex (@AlexHormozi) as he guests on Don’t Be Sour to talk about his background in building and investing in businesses, the importance of understanding a company's value, the risks associated with investing in a brand, and the variables that go into valuing a business. He also emphasizes the need for multiple sources of acquisition and unique mechanisms to give competitive advantages. This is part 1 of the interview.
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.
Check out the episode on Don't Be Sour's YouTube Channel!
Timestamps:
(6:07) - Acquisition.com and minority investments
(17:36) - Raising money in business
(24:10) - Acquisition and building a personal brand
(30:24) - Content creation and online fame
(39:13) - The issues with alternative education
(45:03) - The value of accountability in business
Follow Alex Hormozi’s Socials:
LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition