13 min listen
You Will Stay Poor If You Don't Understand These Equations | Ep 527
You Will Stay Poor If You Don't Understand These Equations | Ep 527
ratings:
Length:
13 minutes
Released:
Apr 20, 2023
Format:
Podcast episode
Description
It’s all about understanding the formulas. Today, Alex (@AlexHormozi) talks about the importance of understanding the two fundamental equations of business to make informed decisions. He also emphasizes the need to know the number of new sales per month and lifetime gross profit per customer.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:(1:22) - Fundamental equation: number of new sales or sales velocity(2:55) - How to calculate lifetime gross profit per customer(7:30) - Equilibrium point is where we level out(9:25) - Cost to acquire a customer(10:27) - 3:1 LTV to cap ratio or greater is necessary for growthFollow Alex Hormozi’s Socials:LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition
Released:
Apr 20, 2023
Format:
Podcast episode
Titles in the series (100)
High Ticket Gym Ascension | Ep 2 by The Game w/ Alex Hormozi