The Game with Alex Hormozi 2 Proven Scaling Paths for Service Businesses | Ep 786
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Nov 4, 2024 Discover the importance of scaling in service-oriented businesses and how to adapt interactions for greater efficiency. Learn about strategies like fractionalized access and task delegation that help maintain quality while expanding operations. Explore the partner path and understand the challenges of recruiting skilled talent. The discussion highlights three growth strategies tailored for knowledge-driven industries, weighing their advantages and disadvantages.
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Scaling Deliverables
- Scale service businesses by increasing customer ratios or adding personnel.
- Fractionalized access increases your ratio, while adding bodies replicates your skills.
Building Sellable Businesses
- Building a scalable, sellable business requires breaking down your process and training others.
- Large consulting firms demonstrate scalability through systematized processes, not just individual expertise.
Hybrid Scaling
- Consider a hybrid approach, combining fractionalized access with a team.
- Junior staff handles work, while senior members provide oversight and credibility.