$1.2M Avoidable Mistake | Ep 281

07:10

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Don’t take more than you can handle. Today, Alex (@AlexHormozi) talks about the mistake he committed during the time he was running Gym Launch, how this mistake not only cost him the value he was bringing to clients but also cost him millions. He also shares advice to avoid this kind of mistake.

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:

(1:22) - One of the biggest issues is that gym owners don't have good tracking for their data. They’re unaware of churn, net profit, organization, etc. 

(3:34) - A major piece of advice? Don't bite off more than you can chew

(5:09) - You have to keep the business stupidly simple in order for it to get as big as you want it 

(6:14) - Learn how to say no. Sometimes your emotions can sway your decision-making

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