The Game with Alex Hormozi 5 Things I Just Learned After 14 Years of Business | Ep 873
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Apr 21, 2025 Discover the hidden costs of change in business, where process modifications can lead to performance drops. Learn about the ICE framework to prioritize ideas effectively. Delve into five critical lessons from over a decade of entrepreneurial experience, highlighting the significance of revenue retention and focused decision-making. Explore the challenges of scaling and the metrics needed for sustainable growth, providing insights that can drive your business forward.
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Cost of Change in Business
- Changing business processes usually causes a 20% drop in effectiveness initially.
- Small improvements often don't justify the cost of change unless they exceed 20% upside.
Use ICE Framework for Decisions
- Use the ICE framework: Impact, Confidence, Ease to evaluate business ideas.
- Prioritize changes with high impact, high confidence, and ease to avoid unnecessary cost of changes.
Virality vs Revenue Retention
- Not all products can or should rely on virality for growth, especially in B2B where customers may avoid sharing with competitors.
- Revenue retention is universally more important than virality across all businesses.
