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The Game w/ Alex Hormozi
You Will Stay Poor If You Don't Understand These Equations | Ep 527
Apr 20, 2023
13:05
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Quick takeaways
- Understanding the two fundamental equations of business (number of new sales per month and lifetime gross profit per customer) is crucial for making informed decisions.
- Calculating the lifetime gross profit per customer helps evaluate business growth potential and make strategic decisions to drive growth and maximize profitability.
Deep dives
Understanding the fundamental equation of business
To make good decisions as an entrepreneur, it is crucial to have high-quality data. There are two important equations to understand: number of new sales per month, lifetime gross profit per customer, and hypothetical max revenue. By utilizing these equations, you can determine if your business is growing or shrinking. Understanding these levers helps you make more informed decisions.
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