Action Academy | Millionaire Mentorship For Your Life & Business

Bought the Business? Here’s How to Run It (and Avoid Failure) w/ Gideon Spencer

29 snips
Sep 11, 2025
Gideon Spencer, a hospitality mogul with over $7M in assets, shares his journey in turning around hotels and avoiding pitfalls after acquisition. He emphasizes a three-step operational strategy, discusses the four pillars of business success, and highlights the necessity of data-driven marketing in hospitality. Gideon also introduces the 'yes ladder' technique for investor engagement and stresses the importance of customer relationships for high-value sales. Lastly, he clarifies how cash flow management can make or break a business.
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ADVICE

Fix One Pillar At A Time

  • Apply the meta framework: identify the weakest of marketing, sales, finance, or operations and fix one bottleneck at a time.
  • Hyper-focus on the single biggest problem rather than spreading effort across many small issues.
ADVICE

Master One Product, Avatar, Platform

  • Remove distractions: sell one product to one avatar on one platform and master that before expanding.
  • Mastering one product-avatar-platform combo can scale a company to a million dollars per year.
INSIGHT

Find Moats By Exploiting Competitor Weaknesses

  • Use the gap strategy: identify competitors' weaknesses instead of cloning strengths.
  • Going all-in on a competitor weakness creates a moat and captures an underserved market segment.
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