The Game with Alex Hormozi

Ignorance, Difficulty in Scaling, and Finding Talent (on BiggerPockets) Pt. 2 - Aug '22 | Ep 501

37 snips
Feb 18, 2023
Rob, co-host of the BiggerPockets podcast, joins Alex Hormozi to dive into the harsh realities of business scaling. They highlight ignorance as a major barrier to success and discuss innovative strategies for finding and retaining the right talent. The conversation shifts to the psychological challenges of growth, emphasizing the importance of systematic hiring and personal skill development. Rob shares insights on navigating TikTok trends, advocating for substance over style in content creation, ensuring young professionals make a meaningful impact.
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ADVICE

Training Programs as Competitive Advantage

  • Build a good training program for low-skill, high-turnover positions.
  • This reduces costs compared to hiring pre-trained workers, increasing your advantage.
INSIGHT

Superstars and Culture Fit

  • Recognize and retain "superstars" who fit your company culture.
  • Don't make cultural exceptions for them, as high performance coupled with negative cultural impact can be detrimental.
INSIGHT

Scaling Difficulties

  • Scaling from $0 to $1 million is hard due to ignorance about business.
  • $1 million to $3 million requires new team-building skills; $3 million to $10 million requires shifting focus from the front end to product and backend.
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