The Game with Alex Hormozi 2 Proven Scaling Paths for Service Businesses | Ep 786
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Nov 4, 2024 Explore proven methods for scaling service businesses with a focus on balancing the needs of service providers and customers. Discover how to leverage founder expertise and effective delegation to create sustainable models. Learn about the importance of talent development and clear career pathways. The discussion also highlights strategies for building a strong brand and incentive structures to attract talent. Dive into centralized versus decentralized staffing approaches to find the best fit for growth.
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Scaling Through Ratios
- Scale your service business by increasing the ratio of you to customers.
- Transition from one-on-one to one-to-many, changing the medium as needed.
Scaling by Adding People
- Scale by adding bodies and teaching others your process.
- Break down your expertise into parts and train others on each part.
Scalability of Consulting
- Consulting firms like McKinsey demonstrate scalability through a structured approach.
- It takes work, but we can hire and train others to replicate our skills.