The Game with Alex Hormozi

Latest Episodes:

The Only 2 Real Things Restraining Business Growth | Ep 325 Aug 26, 2021

Show notes

We need to be reminded more than we need to be taught. Today, Alex (@AlexHormozi) talks about the 2 root causes of why there might be some constraints in your business’ growth and how the theory of constraint can play a big role in its improvement.

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:

(1:21) - Enter saturated marketplace with unique product offerings.

(3:20) - Assess business saturation: market reach and growth potential.

(5:10) - Focus on one product solving a major marketplace problem.

(6:41) - Improve business by prioritizing problem-solving strategies.

(8:21) - Reframe problems with "How do I..." mindset for solutions.

Follow Alex Hormozi’s Socials:

The Test I Put Lawyers Through Before Hiring Them | Ep 324 Aug 24, 2021

Show notes

The right people stay for a lifetime. Today, Alex (@AlexHormozi) talks about selecting the right people you need as you progress in your business, the 2 traits you should be looking at, and how to test these potential people!

Timestamps:

(1:18) - Difficult to trust others. Look for integrity & efficacy.

(3:33) - Test integrity by interviewing many people. Align incentives.

(7:30) - Test skillset by reading books. More interviews, more insights.

(10:02) - Evaluate potential people with integrity and skillset in mind.

Follow Alex Hormozi’s Socials:

3 Questions To asked Yourself For Product And Service | Ep 323 Aug 19, 2021

Show notes

A change in perspective ain’t too bad. Today, Alex (@AlexHormozi) talks about the important questions to reflect on when you’re thinking about your business, providing value over time, and other practices the wealthy do!

Timestamps:

(1:03) - Check if product is talk-worthy

(3:11) - Key questions: Value, Profit, Customer Experience

(6:01) - Big vs small entrepreneurs: Product vs promotion focus

Follow Alex Hormozi’s Socials:

Why you should NEVER listen to your parents at any age | Ep 322 Aug 10, 2021

Show notes

It’s better to listen to yourself. Today, Alex (@AlexHormozi) talks about why you shouldn’t listen to the advice of your parents or relatives, and how it’s easy to get caught up with not taking risks.

Timestamps:

(0:51) - Close ones as critics; failure makes their "I told you so" easier.

(2:11) - No risk, no success; inaccurate risk understanding. Inaction is riskiest!

(4:32) - Opposition for safety: most people oppose most of the time.

Follow Alex Hormozi’s Socials:

How I'm building a BILLION DOLLAR empire working 2-3 days per week | Ep 321 Aug 03, 2021

Show notes

New doesn’t always mean the best. Today, Alex (@AlexHormozi) talks about we need to start being comfortable with boredom, how to sacrifice our time to get time back, and more!

Timestamps:

(1:10) - Growth ≠ just creating "new". Redefine, improve, embrace boredom.

(4:26) - Alex challenges w/o destroying biz: new systems, understand constraints.

(6:20) - Adding constraints makes biz flow interesting, avoids boredom.

(9:44) - Sacrifice time for future gain. Stay ahead. Balancing priorities.

(11:42) - Achieve mastery before letting go. Give after achieving something.

Follow Alex Hormozi’s Socials:

How I Upsold $30M of Recurring Revenue by Reversing the Price | Ep 320 Jul 29, 2021

Show notes

Value over price. Today, Alex (@AlexHormozi) talks about how his method to “downsell your upsell” can drive more sales of your products, trust with your customers, and build a strong foundation of continuity.

Timestamps:

(1:33) - People want outcome, not recurring membership. Sell continuity.

(2:55) - Cash flow noticed more than price. Give more for less.

(4:25) - Onboarding costs: raise prospect quality, raise product quality.

(5:37) - Goal: create upfront program that generates more customers

Follow Alex Hormozi’s Socials:

A BILLIONAIRE told me how to make BILLION DOLLARS...here's my plan | Ep 319 Jul 27, 2021

Show notes

Advice that’s worth billions! Today, Alex (@AlexHormozi) talks about the conversation he had with a billionaire on how to make a billion dollars in revenue and all the lessons and tips he took away. You might not even believe one of the pieces of advice that were shared!

Timestamps:

(2:11) - Find mentors for insightful advice.

(3:51) - Understand talent levels and incentivize appropriately.

(7:43) - Identify superstars, manage expectations, and address unnatural profits.

(12:06) - Advanced people excel by consistently doing the basics.

(14:08) - Investing advice from a conversation with a billionaire.

Follow Alex Hormozi’s Socials:

The EXACT letter I used to INCREASE customer prices...don't chicken out | Ep 318 Jul 22, 2021

Show notes

Once you committed, stick with it. Today, Alex (@AlexHormozi) talks about the process he went through to create the letter on raising prices on customers, the right and wrong ways to increase prices, and the importance of communicating your plans properly.

Timestamps:

(1:54) - Price increase letter: inform customers about changes and purpose.

(5:12) - Attractive price communication is crucial.

(7:59) - Inform customers about future plans, benefits, etc.

Follow Alex Hormozi’s Socials:

I created a $100M empire...using this (TAM) formula | Ep 317 Jul 20, 2021

Show notes

A formula for success! But.. what is TAM anyway? Today, Alex (@AlexHormozi) talks about the 3 ways to increase your TAM, and when it might be the right time for you to increase the size of your opportunity, quality, delivery, etc. in regards to your prospects and business.

Timestamps:

(1:22) - #1: Go upmarket

(2:34) - #2: Go adjacent by changing business or helping similar companies

(4:44) - #3: Go downmarket

(7:31) - Transition from improvement offer to appeal to more people

Follow Alex Hormozi’s Socials:

I always give away equity in my companies this is why | Ep 316 Jul 15, 2021

Show notes

Everyone gets the share of the pie! Today, Alex (@AlexHormozi) talks about how he is able to give away equity in his companies through a basic framework, and how he lives through one of his rules in life regarding making money for not just himself, but for everyone involved.

Timestamps:

(1:33) - Vehicle for incentivizing employees, called Phantom Equity

(3:32) - Purpose: employees participate and build wealth with owner

(5:45) - Downsides: What if employee leaves?

(6:57) - Purpose: Incentivize people to stay and grow business

Follow Alex Hormozi’s Socials: