The Game with Alex Hormozi This Business Myth Needs To Die | Ep 863
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Apr 3, 2025 Explore the myth that service-driven businesses can't scale and the unique challenges involved. Discover the importance of perseverance and decision-making during tough growth phases. Learn why effective execution trumps perfection in managing business problems, and embrace patience to stay resilient. Finally, grasp the necessity of setting realistic expectations and timelines for entrepreneurial success, understanding that overcoming obstacles is part of the journey.
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Scalability Limits
- The question of business scalability is often misunderstood.
- All businesses face scalability limits, with different challenges arising at different stages.
Industry and Scalability
- Understand the scalability characteristics of your industry (service, e-commerce, software).
- Recognize that switching to a similar business model won't magically eliminate scaling challenges.
Demand vs. Supply Constraints
- Businesses are either demand-constrained or supply-constrained.
- Both constraints require promotional efforts to overcome.