The Game with Alex Hormozi $50k Consulting in a Nutshell [This is 🔥 for anyone who understands strategy] | Ep 240
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Sep 25, 2020 Discover the secrets behind successful $50k consulting days. Learn about the vital balance between simplifying operations and scaling effectively. Hear about the common pitfalls entrepreneurs face, particularly in diversifying too soon. Alex shares personal experiences with mistakes made in business growth strategies and emphasizes the importance of maximizing customer acquisition. Tune in for insights on leveraging your backend for better profits and the significance of creating simplicity for sustainability.
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Simplify, Don't Complicate
- Decrease business complexity, not increase it, when consulting.
- Prioritize simple interventions with big impacts, like pricing adjustments.
Two Growth Levers
- Business growth depends on acquiring more customers or increasing customer value.
- Alex Hormozi uses back-of-the-napkin math to project growth plateaus.
Gym Launch Mistake
- Alex Hormozi made a mistake by starting a supplement company instead of focusing on Gym Launch's core offering.
- He added business complexity instead of scaling customer acquisition.
