Why better leads to bigger and why I tell people to close locations... ..and how to grow VERTICALLY not HORIZONTALLY | Ep 87

Episode • Nov 26, 2018 • 13m

"Money works differently than status does." Today, Alex (@AlexHormozi) talks about the importance of making one gym location successful rather than opening multiple locations to satisfy ego. He explains how holding off on opening a second location until the first location has consistently made $20,000 a month net for six months and has grown during that time can lead to better profits and success.

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:

(1:03) - Owners lose focus and dilute efforts with expansion.

(3:25) - Simplifying and focus leads to better results.

(5:29) - Vertical growth can be more profitable than horizontal.

(6:54) - Prioritize making your gym better over expansion.

(9:09) - Shift to a profit-driven mindset for success.

(10:11) - Prioritize profit and success over influencer status.

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