The Game with Alex Hormozi A BILLIONAIRE told me how to make BILLION DOLLARS...here's my plan | Ep 320
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Jul 27, 2021 A transformative chat with a billionaire reveals billion-dollar revenue strategies. Key insights highlight the importance of finding mentors and properly incentivizing talent. Discover how managing expectations and identifying superstars can drive success. Tips on scaling from millions to billions emphasize risk management and building a strong team. Humility and collaboration are underlined as crucial factors for creating opportunities, making it clear that the journey to massive wealth relies on mastering the basics and leading effectively.
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Superstar Roles
- Identify three superstar roles in your business: acquisition, delivery, and operations.
- Ensure these roles are filled with highly talented individuals who can drive growth.
Incentivize Appropriately
- Don't be afraid to share profits with key people to incentivize growth.
- Align incentives to encourage desired outcomes, but avoid unnecessary equity dilution early on.
Identifying Superstars
- You know a superstar when you see one; first impressions are accurate in talent assessment.
- Don't settle for 'good enough'; the difference between good and great is substantial.