Entrepreneurs face a single, overarching problem in growing their businesses: talent. This problem includes finding good people, hiring and recruiting them, managing them, and growing and cultivating their talent. Once a business reaches 10 to 30 million a year, operations take a backseat to talent. The biggest bottleneck in crossing the 30 to 100 million mark is understanding that it's all about the talent and not about the entrepreneur themselves. It can be difficult for entrepreneurs to let go of the need to be needed, but the business doesn't require them.
"Every entrepreneur has one problem... a people problem. Attracting, hiring, and keeping the right team members can make or break your business." Today, Alex (@AlexHormozi) talks about the single problem that entrepreneurs are facing when it comes to company growth: the talent they hire. He also explains the various reasons why this is a problem for entrepreneurs and the steps to take to avoid it.
Welcome to The Game w/Alex Hormozi, hosted by entrepreneur, founder, investor, author, public speaker, and content creator Alex Hormozi. On this podcast you’ll hear how to get more customers, make more profit per customer, how to keep them longer, and the many failures and lessons Alex has learned on his path from $100M to $1B in net worth.
Timestamps:
(1:51) - Differentiate team members' strengths, weaknesses, and roles.
(4:13) - Employee accountability and problem-solving skills.
(6:58) - Brand managers prioritize customer experience improvement.
(9:16) - Set high standards to attract top talent to your team.
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(This episode is a re-run. Original airdate was April 20, 2021)