The Game with Alex Hormozi My Biggest Mindset Shift I Made As An Entrepreneur | Ep 794
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Nov 22, 2024 Discover the vital shift from focusing on incremental improvements to pursuing exponential growth. Learn the importance of prioritizing strategic actions over multitasking for maximum impact. Gain insights into how to make high-leverage decisions that significantly enhance productivity and business dynamics. This discussion provides practical frameworks to help entrepreneurs determine when to scale versus improve, paving the way for substantial growth.
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Optimization vs. Step Function Increases
- Alex Hormozi discusses the importance of prioritizing resources for optimal returns in business.
- He emphasizes the distinction between optimization and step-function increases, highlighting the need for entrepreneurs to allocate time and resources effectively.
Prioritizing 'More' vs. 'Better'
- Evaluate whether to do more of what works or improve existing processes.
- Consider factors like team size, conversion rates, and available resources to maximize returns.
Diminishing Returns in Split Testing
- At Alex Hormozi's company, they ran 16 split tests, and 14 failed.
- This demonstrates that the better a process becomes, the harder it is to improve it further, with diminishing returns.