Reopening The Right Way | Ep 206
You need to lay down all the right cards before claiming your win. Today, Alex (@AlexHormozi) talks about the different factors that should be considered when you’re reopening your business after COVID-19 and making sure that you’re reaching the right percentage points in order to become profitable again.
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:
(1:40) - Price services at normal rate
(2:32) - Determine when it makes financial sense
(4:05) - Aim for 80% gross margin, adjust customer billing
(7:15) - Make tough decisions for increased profitability
(9:58) - 5 steps to scale business after reset
(10:42) - Profit model not suitable for large group training
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