The Game with Alex Hormozi Most Businesses Are Worthless | Ep 372
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Feb 22, 2022 Many small businesses are just jobs in disguise, lacking real value. To transform them into profitable assets, hiring skilled people and creating efficient structures is key. A money-focused mindset often leads to burnout, highlighting the importance of support and proper hiring practices. The path to making a business sellable involves targeted sales strategies and a clear vision for growth.
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Worthless Businesses
- Most businesses fail to sell, not due to marketing issues, but because they lack inherent value.
- They are essentially jobs disguised as businesses, making them unattractive to potential buyers.
Self-Employed vs. Business Owner
- Many self-employed individuals with LLCs mistakenly believe they own businesses.
- True business ownership requires the business to function independently without the owner's constant involvement.
Building a Sellable Business
- To create a sellable business, demonstrate its ability to operate without you.
- Replace yourself in all key functions, proving to potential buyers that the business can thrive independently.