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We want to hire one person who's lived our entire lives and then expect them to work for us for a fraction of what we pay ourselves and are barely even willing to keep doing what we're doing. Right?

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Alex
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MoreMozi

Alex Hormozi ›

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Key takeaways

  • So, like you're a unicorn in your business, you looking for unicorns is probably not a productive activity.
  • But, if you wanted to create something that was an approximation of a unicorn, it's like, "Okay, well, I need the horn, so I can go find a rhinoceros and I'll I'll get the horn part." And then, uh but that body's not going to work.
  • And so, if the business requires somebody who's as good as you to run, then the model doesn't work.
  • If the business can work with somebody who's half as good as you, then you're always going to sacrifice some margin in order to scale.

Chapters

  1. 0:00
    Abschnitt 1 We want to hire one person who's lived our entire lives and then expect them to work for us for a fraction of what we pay ourselves and are barely even willing to keep doing what w
  2. 0:36
    Abschnitt 2 But then, what about the magic pis- pixie dust, right?

Full transcript

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

2 segments

0:00We want to hire one person who's lived our entire lives and then expect them to work for us for a fraction of what we pay ourselves and are barely even willing to keep doing what we're doing. Right? >> One of those. Yeah. So, we have to break it into parts. And so, I give the analogy of the unicorn, right? So, like you're a unicorn in your business, you looking for unicorns is probably not a productive activity. But, if you wanted to create something that was an approximation of a unicorn, it's like, "Okay, well, I need the horn, so I can go find a rhinoceros and I'll I'll get the horn part." And then, uh but that body's not going to work. So, I got to go get a horse. It's going to be a white horse. It's not going to have a horn. Well, fine. I can get the horse.

0:36But then, what about the magic pis- pixie dust, right? So, then I got to go get my fireflies and I can add those on. And so, I just bolt on the horn of the rhinoceros onto the horse and get some fireflies. Is it as good as you? No. But, it'll be pretty good. And so, if the business requires somebody who's as good as you to run, then the model doesn't work. If the business can work with somebody who's half as good as you, then you're always going to sacrifice some margin in order to scale.