The Game w/ Alex Hormozi

Who you hire are the extensions of yourself. Today, Alex (@AlexHormozi) talks about hiring the first 5 people to your business in "reverse order" and being aware of what kind of debt you incur when you start.

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:

(1:45) - The first two hires you get are those who will assist in administrative roles and customer service roles. They will help you with repetitive tasks. The third person you get is someone who is skilled in sales.

(3:45) - The fourth will assist you with promotions and marketing of your business while the fifth hire is a bookkeeper to help manage your finances.

(5:40) - The process of entrepreneurship is always buying back your time in order to spend on higher-level activities, and add more value to your added time

(7:41) - Whenever you start a business, you incur debt. This debt can come in many ways: life, financial, management, etc. You have to strategically plan which debt you can incur in order to pay it back properly

(10:04) - The two major frameworks to takeaway: hire in reverse order of value that you are providing and be mindful of the type of debt you are incurring.

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First 5 Hires As You Grow | Ep 377