The Game with Alex Hormozi First 5 Hires As You Grow | Ep 377
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Mar 22, 2022 Discover the secrets to hiring your first five team members in the right order for business success. From vital administrative roles to skilled sales, marketing, and finance, each hire plays a crucial part. Learn how to strategically tackle entrepreneurial debt while maximizing value. Alex emphasizes the importance of building a team that acts as extensions of yourself and shares valuable lessons from his journey to wealth. Don't miss the insights on getting more customers and boosting profit!
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First Five Hires
- Hire your first five employees in reverse order of value and market cost.
- Start with administrative help, then customer support, sales, marketing assistance, and finally, a fractional bookkeeper.
Entrepreneurship as Time Buying
- Entrepreneurship involves buying back your time to focus on high-leverage activities that increase value.
- If you replace all your time without adding more value, profit margins will decrease.
Debt in Entrepreneurship
- Starting a business incurs various debts like life, management, financial, and technological debt.
- Recognize which debt to incur strategically, prioritizing based on your resources and goals.