6 min listen
$1M Mistake #2 - Firing 20 People Because of A Bad Call | Ep 279
$1M Mistake #2 - Firing 20 People Because of A Bad Call | Ep 279
ratings:
Length:
8 minutes
Released:
Feb 18, 2021
Format:
Podcast episode
Description
Always keep the quality in check. Today, Alex (@AlexHormozi) shares his experience during the time they had to fire many of their employees, what he and Leila were feeling during that time, the reason why they had to proceed with this move, and the lessons he learned from this.
Welcome to The Game Podcast where we talk about how to get more customers, make more profit per customer, and keep them longer, and the many failures and lessons we have learned along the way to $100M in sales. We've got roll-up-your-sleeves kind of hustle with a little bit of cleverness and a lot of heart.
Timestamps:
0:50 - Alex realized that during the growth of the supplements company, the same amount of work currently done by 4 people is being done by 25
3:08 - Lesson #1: the individual was not growing because they were actually not working to their potential. They were lacking experience. Lesson #2: The experience that these employees had in our service business was not relevant to the physical products
5:26 - After the mass firing, they got a new director to help them fix their system and make sure they were utilizing all their employees to their potential
Follow Alex Hormozi’s Socials:
https://www.linkedin.com/in/alexanderhormozi (LinkedIn ) | https://www.instagram.com/hormozi/?hl=en (Instagram) | https://www.facebook.com/alex.hormozi (Facebook) | https://www.youtube.com/c/AlexHormozi (YouTube ) | https://twitter.com/AlexHormozi?s=20&t=J9vPh75tO3ow9xExYLsBDQ (Twitter) | https://www.acquisition.com/ (Acquisition )
Welcome to The Game Podcast where we talk about how to get more customers, make more profit per customer, and keep them longer, and the many failures and lessons we have learned along the way to $100M in sales. We've got roll-up-your-sleeves kind of hustle with a little bit of cleverness and a lot of heart.
Timestamps:
0:50 - Alex realized that during the growth of the supplements company, the same amount of work currently done by 4 people is being done by 25
3:08 - Lesson #1: the individual was not growing because they were actually not working to their potential. They were lacking experience. Lesson #2: The experience that these employees had in our service business was not relevant to the physical products
5:26 - After the mass firing, they got a new director to help them fix their system and make sure they were utilizing all their employees to their potential
Follow Alex Hormozi’s Socials:
https://www.linkedin.com/in/alexanderhormozi (LinkedIn ) | https://www.instagram.com/hormozi/?hl=en (Instagram) | https://www.facebook.com/alex.hormozi (Facebook) | https://www.youtube.com/c/AlexHormozi (YouTube ) | https://twitter.com/AlexHormozi?s=20&t=J9vPh75tO3ow9xExYLsBDQ (Twitter) | https://www.acquisition.com/ (Acquisition )
Released:
Feb 18, 2021
Format:
Podcast episode
Titles in the series (100)
HOW TO GROW YOUR GYM WITHOUT ADVERTISING?? ...and how learning how to market can make up for the fact that your gym isn’t as good as you’d like it to be (because if it were, it would already be growing on its own).... | Ep 58 by The Game w/ Alex Hormozi