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The Game w/ Alex Hormozi
Brutally Honest Business Advice about People Management | Ep 751
Aug 19, 2024
12:57
Snipd AI
In this conversation, entrepreneur and investor Alex Hormozi shares his insights on essential leadership roles crucial for business success. He outlines the importance of hiring the right people and discusses how to navigate challenging conversations with them. Hormozi emphasizes the need for high hiring standards and effective management strategies to enhance team performance. Plus, he highlights five common reasons for underperformance and advocates for open communication as a solution to drive business growth.
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Quick takeaways
- Three essential roles—acquisition, delivery, and operations—are crucial for business success and must be filled with capable leaders.
- Leadership selection should prioritize performance and potential over tenure to continually raise the team's overall standards and effectiveness.
Deep dives
The Three-Legged Stool of Business
Every successful business requires three essential functional leaders, analogous to the legs of a stool. First, a leader in charge of customer acquisition is necessary to attract new clients; second, a delivery leader ensures customers receive what was promised; and third, an operations leader maintains internal business functions. This operational head supports the other two roles and should prioritize efficiency to reduce risks, ultimately leading to increased business value. As entrepreneurs grow, they must assess which of these roles aligns with their skill set and seek out individuals who can enhance the business in each area.
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