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The Game w/ Alex Hormozi
How to Build a Valuable Business You Can Sell Someday | Ep 726
Jun 19, 2024
18:58
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Entrepreneur Alex Hormozi shares insights on building a valuable and sellable business, focusing on identifying the most valuable components to sell. Topics include reducing owner dependence, establishing recurring revenue, and emphasizing collaboration over competition in the business world.
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Quick takeaways
- Identify the 'goose' (valuable core) vs. 'eggs' (revenue generators) when building/selling a business.
- Leverage roll-ups and partnerships to accelerate growth and increase market value through consolidation.
Deep dives
Differentiating Between the Goose and the Eggs in Business
In the podcast, the speaker draws on their experience of building and selling multiple companies to emphasize the importance of distinguishing between the 'goose' (the valuable core of the business) and the 'eggs' (the products or subsidiaries that generate revenue). By highlighting a story of a person trying to sell a business instead of its lucrative components, the speaker stresses the significance of identifying what creates lasting value in a business. Understanding this distinction allows entrepreneurs to intelligently build towards a successful exit strategy by focusing on nurturing the 'goose' while selling its 'eggs' for continued growth and profitability.
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Listen to the best highlights from the podcasts you love and dive into the full episode