99% of Businesses Fail Over a Long Enough Time Horizon | Ep 663

“I think most people miss is that they don't even know the hats that they are wearing.” Today, Alex (@AlexHormozi) talks about the importance of transitioning from selling your services to selling your business and making your business a sellable asset. He discusses the key aspects of focusing on people to scale up the business, the need for operational independence, the relevance of high-quality talent, and the understanding towards the importance of continuing the learning process.

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:

(1:02) - Understanding the value of a business

(2:08) - The misconception of being a business owner

(3:20) - Importance of replacing yourself in the business

(5:19) - Journey of entrepreneurship and scaling a business

(7:41) - Role of leadership in a sellable business

(10:52) - Importance of making your business sellable

(14:05) - Transition from business owner to investor

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(This episode is a re-run. Original airdate was on February 22, 2022)