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You only win with focus because when you have fewer things to work on, you have no choice but t

A chiropractor running a practice and an academy wants to start a physical products business too. Alex pushes back that you can only really operate one business at a time, and that owning multiple things is different from being the operator of each.

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Key takeaways

  • I have a question about the business I'm starting um soon.
  • And you also want to start a physical products business.
  • >> Why are you starting another business?
  • >> And you have a third business and it's a physical products but it's a totally different business.

Chapters

  1. 0:00
    Abschnitt 1 I have a question about the business I'm starting um soon.
  2. 0:26
    Abschnitt 2 >> what's revenue right now?
  3. 0:52
    Abschnitt 3 >> one business.
  4. 1:30
    Abschnitt 4 >> That's what I would do.

Full transcript

Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.

4 segments

0:00I have a question about the business I'm starting um soon. I'm a chiropractor. I have a academy where I teach medical professionals in my own concept. And I invented a tour where you can crack yourself your back. And >> so you are a chiropractor, you have a practice. Yeah. >> And then you also have an academy where you train other chiropractors. And you also want to start a physical products business. >> Yeah. >> But the problem, [laughter]

0:26>> what's revenue right now? Um with my academy I started one year ago and we have 500k. >> So you just started it a year ago. >> Yeah. >> Why are you starting another business? >> Maybe. Do you know sometimes it's boring just to do one thing at once? >> Two businesses. >> Yeah. >> And you have a third business and it's a physical products but it's a totally different business. >> You're doing several things at once, right? >> What you're also doing acquisition.com. >> Yeah. You just have all the So just build a team

0:52>> one business. >> Yeah. You want to be CEO of multiple for everybody. There's a difference between owning something and being CEO and operator. You can only really operate one thing. That's it. Where you would get me if you wanted to was school I'm the face of. >> Mhm. >> But when I did that deal, I said I will change nothing about what I do. So my regular day must remain the same in order for me to do this deal. So I boil this down to what does this change about what I do? And so the reason that this is very difficult is that you're going to start another business and it's going to change what you do. I would take your 500 medical people and be like, "How do I go from 500,000 in my first year to 5 million?"

1:30>> That's what I would do. >> Okay, that's a good answer. Great.