“I Got Bored Of My Business…What Should I Do?”

Alex Hormozi · 1m · transcribed 5d ago

Section Insights

# 0:00

Introduction to the Pizza Business

What is the speaker's current business situation?

The speaker operates a pizza business with three stores, generating significant revenue and margins without actively working in the stores. They have developed a tool to manage their business effectively.

The speaker runs a successful pizza business with three stores.
They have developed a management tool that aids in running the business.
The business generates 4.2 million annually with 30% margins.

# 0:21

Decision Between Pizza and Tool Development

Should the speaker continue with pizza or focus on the tool?

The speaker is contemplating whether to continue running their pizza business or to focus on developing and selling the management tool that others are interested in.

The speaker is at a crossroads between continuing with pizza or pursuing tool development.
There are multiple paths to success, and both options could be lucrative.

# 0:42

Opportunities in Business Paths

What are the potential paths for the speaker's business?

The speaker outlines various business models, including running multiple pizza stores or franchising, emphasizing that either path can lead to financial success.

Both running pizza stores and franchising can be profitable.
Success is achievable through different business models.

# 1:03

Scaling the Business

What does scaling the business look like?

As the business grows, the speaker anticipates building a team with various roles, similar to their current pizza operation, indicating that growth will bring familiar challenges.

Scaling will involve hiring key roles like marketing and sales heads.
Challenges in business remain consistent regardless of the industry.

# 1:24

Focus and Competition

What should the speaker consider if pursuing the tool development?

If the speaker decides to focus on the tool, they should sell their pizza stores to concentrate fully on the new venture, as competition will be intense.

Selling the pizza stores is advisable to maintain focus on the new business.
Competition will require full attention and resources to succeed.

Transcript

0:00 I sell pizza, so sauce, cheese, and pepperoni to humans. >> This is what we need to get on. >> We do 4.2 a year, run about 30% margins. I don't work my stores. I have full capacity. And how many stores? >> I three. >> Okay. >> And I got bored. So, I built a tool, and that's how I run my business. >> Like a pizza OS. >> Yeah, actually, yeah. So, I was invited to a $350 million company. It was like, "Hey, what are you doing?" So, then I showed them. So, now other humans want the thing. So, it's do I continue to do pizza, or do I give them the tool?

0:29 >> What do you want to have happen? >> Okay, for the new thing. >> For everything. Cuz there's multiple ways up the mountain. >> Mhm. >> You could have 100 pizza stores and make a lot of money that way, use your tool, or you could use the tool and do some sort of, call it, franchise light, or you could franchise heavy and use the tool. Either way, some version of B2B to that. I think either opportunity could make you as much money as you want. My advice is that you'll win either way because winners win. And so, it's really what path up the mountain you want.

0:55 You're going to get there either way. So, thing one. Thing two is that the view's going to be the same. And so, right now, pizza's cool cuz you figured it out. You'll figure this one out, too. And at a high enough level, you'll have a head of marketing, you'll have a head of sales, you'll have a head of head of IT, you'll have legal You'll have employees sleeping with employees. Same I think right now it just looks different, and different's always fun.

1:16 But at the end of the day, you could take both up the mountain. It's entirely a you choice. I think you'll win either way, and given how it seems like you've outsourced the pizzas, I would say if you are going to pursue the other path, to sell the stores. Because you need all your focus on it cuz the people are going to try to compete against you or for sure going to be focused on it. And I think out of respect to the competition, you should not expect that you're going to beat them with one arm tied behind your back.

1:41 >> Very helpful. >> Appreciate you. you.

Summary

The conversation revolves around a pizza business owner who has developed a management tool for his operations and is contemplating whether to continue expanding his pizza business or focus on selling the tool to other businesses. The discussion emphasizes the potential for success in both avenues and the importance of strategic focus.

- The owner runs three pizza stores with a revenue of 4.2 million annually and a 30% profit margin.
- He developed a management tool, referred to as a "pizza OS," to streamline his business operations.
- A $350 million company expressed interest in his tool, prompting him to consider its broader market potential.
- The conversation suggests that he can pursue both the pizza business and the tool, but he should focus on one to ensure success.
- The speaker advises selling the pizza stores if he chooses to concentrate on the tool, emphasizing the need for full attention in a competitive landscape.
- Both paths (expanding pizza stores or selling the tool) have the potential for significant financial success.
- The speaker reassures the owner that he will find success regardless of the chosen path, as long as he remains focused.