MY $250k MISTAKE (and how to avoid it) 💵🔥💵🔥(ALL GYMS WHO WORK WITH US PLZZ LISTEN) ...and the ONLY strategic advantage a microgym has in the marketplace to command premium prices... | Ep 55

MY $250k MISTAKE (and how to avoid it) 💵🔥💵🔥(ALL GYMS WHO WORK WITH US PLZZ LISTEN) ...and the ONLY strategic advantage a microgym has in the marketplace to command premium prices... | Ep 55

"Like every time you don't take money outta your business, you're doubling down." Today, Alex (@AlexHormozi) discusses the mistake of expanding a business too soon and spending money on unnecessary equipment instead of focusing on customer service. He advises gym owners to prioritize stacking cash and increasing profit margins before considering opening a second location. 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: (1:55) - Advantage: high-quality customer service and experience. (4:14) - Learn from mistakes, avoid financial pitfalls. (5:11) - Keep making money, stack cash. (6:44) - Take home profits before second location. (8:14) - Focus on net worth, not multiple locations. Follow Alex Hormozi’s Socials: LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition

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Episoder(1148)

If You Hate Selling, Watch This | Ep 998

If You Hate Selling, Watch This | Ep 998

Download your free personalized $100M scaling roadmap in under 30 seconds: https://www.acquisition.com/roadmap?el=yt-alex-486r&htrafficsource=youtube      Tina turned her son's recovery from autism, A...

10 Sep 30min

3 Signs You’re Going to Be a Successful Entrepreneur | Ep 997

3 Signs You’re Going to Be a Successful Entrepreneur | Ep 997

Download your free personalized $100M scaling roadmap in under 30 seconds: https://www.acquisition.com/roadmap?el=yt-alex-486r&htrafficsource=youtube      What holds back million-dollar business owner...

8 Sep 10min

How to Think Like the Top 1% | Ep 996

How to Think Like the Top 1% | Ep 996

Book Your Spot at the Live Scaling Workshop in Las Vegas: https://www.acquisition.com/o-vegas   Entrepreneurs often make mistakes by defaulting to intuitive solutions when a big business problem m...

3 Sep 12min

Improving Team Performance Through Elimination | Ep 995

Improving Team Performance Through Elimination | Ep 995

Book Your Spot at the Live Scaling Workshop in Las Vegas: https://www.acquisition.com/o-vegas   In most cases, business owners know what they need to do to improve team performance. The delay betw...

1 Sep 15min

3 Stages of Building a Personal Brand | Ep 994

3 Stages of Building a Personal Brand | Ep 994

Download your free personalized $100M scaling roadmap in under 30 seconds: https://www.acquisition.com/roadmap?el=yt-alex-486r&htrafficsource=youtube    Most business owners have priorities, plural, w...

27 Aug 12min

The Case Against AI | Ep 993

The Case Against AI | Ep 993

Download your free personalized $100M scaling roadmap in under 30 seconds: https://www.acquisition.com/roadmap?el=yt-alex-486r&htrafficsource=youtube    AI hasn't canceled every other form of leverage...

18 Aug 9min

One High-Stakes Decision Changes Everything | Ep 992

One High-Stakes Decision Changes Everything | Ep 992

Book Your Spot at the Live Scaling Workshop in Las Vegas: https://www.acquisition.com/o-vegas     Most sales objections aren’t objections. They’re excuses for giving power away. Today, Alex break...

14 Aug 11min

The One Question to Ask About Any Relationship | Ep 991

The One Question to Ask About Any Relationship | Ep 991

Join Alex at the Live Scaling Workshop in Las Vegas: https://www.acquisition.com/o-vegas Many people settle for someone who just showed up—they call it a relationship, and then wonder why they’re str...

7 Aug 7min

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