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 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:
1:40 - 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.
3:40 - The fourth will assist you with promotions and marketing of your business while the fifth hire is a bookkeeper to help manage your finances.
5:14 - 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
7:15 - 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
9:48 - 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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