The Game with Alex Hormozi First 5 Hires As You Grow | Ep 632
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Nov 14, 2023 Discover the secrets to strategic hiring as you grow your business. The discussion covers the first five key hires to enhance productivity, from administrative support to marketing assistance. Learn how to balance financial and operational debts while hiring in a way that maximizes value. Alex also shares insights on buying back time for high-leverage activities, ensuring your team is both effective and efficient. Dive into the valuable lessons learned from years of entrepreneurial experience!
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Hiring Order
- Hire your first employees in reverse order of value and cost to replace.
- Prioritize replacing low-value, low-cost tasks to free up your time for strategic work.
Entrepreneurship as Time Buying
- Entrepreneurship is about strategically buying back your time.
- This allows you to focus on high-leverage activities that significantly impact your business.
Strategic Debt
- Recognize and strategically incur debt in your business.
- Choose debts like financial debt over operational, talent, or management debt.