Zion
Appearances
The Game with Alex Hormozi
Brutally Honest Business Advice | Ep 878
um i would like to be at 10 million in revenue i make one to 100 million a year in there you're good um this is what's stopping me i believe focus skill deficiency and belief all right I have two avatars, which is working professionals and local government. And yeah, I need to, I believe I need to choose between the two avatars. What do you sell again? So support and accommodation.
The Game with Alex Hormozi
Brutally Honest Business Advice | Ep 878
So basically children who come from challenging backgrounds who have been in care come to us. We basically help them build their semi-independent living skills. So we help them build their independent skills. So when they reach a certain age, they can then move on to their own accommodation and live independently. So these are kids in the system, right?
The Game with Alex Hormozi
Brutally Honest Business Advice | Ep 878
Yeah, personal development. Yeah, yeah, yeah. Cool. Now, the issue I have is, How do you make money? Huh? How do you make money? So we make money from our support services and our accommodation. So basically we rent properties from landlords who have real estate. And then we sublet the rooms. And then we charge the government a support package for supporting the young people.
The Game with Alex Hormozi
Brutally Honest Business Advice | Ep 878
And then obviously there's a risk premium because these are challenged kids. And then, yeah, we just make the spread basically.
The Game with Alex Hormozi
Brutally Honest Business Advice | Ep 878
Okay. So basically because we, so we have, so we have two avatars. So obviously the asset, the asset we have control of is obviously the property. So we can use that for different services. So we can either rent out to professionals who need rooms on a short term basis, which we do, or we can rent out rooms to kids in care who need support and accommodation. My issue is which one do I pick?
The Game with Alex Hormozi
Brutally Honest Business Advice | Ep 878
okay say the two people that you're running it out to is the difference okay so so working working professionals is one okay the second is kids in care the kids yeah what's the revenue split now right now just working professionals so the whole kids thing doesn't exist right now not at the moment no but but but wait but wait but i'll tell you why i'll tell you why i'll tell you why so we were doing it we were doing it like this guy's doing the lord's work well somebody i
The Game with Alex Hormozi
Brutally Honest Business Advice | Ep 878
He's like, for now, I'm just a landlord. So I actually scaled it from one to six, right? And my business partner had an inappropriate relationship with one of the kids in care, and it completely fucked me. Well, technically, he fucked her. Yeah. Well, we don't know if he fucked her, but it was inappropriate. It was inappropriate. That's the highest Q&A I've had today. For sure.
The Game with Alex Hormozi
Brutally Honest Business Advice | Ep 878
All right, keep going. And it's like, it really ruined the brand, and we were doing really, really well. And it's like, obviously, due to safeguarding and risk, we kind of started losing all our contracts, and they took all their kids out. I've got empty properties, so I just went to the professionals just to keep obviously paying my bills.
The Game with Alex Hormozi
Brutally Honest Business Advice | Ep 878
Okay, so longer. Yeah, longer. Three to six months.
The Game with Alex Hormozi
Brutally Honest Business Advice | Ep 878
Yeah, yeah. So, obviously, the professionals is to generate the cash flow.
The Game with Alex Hormozi
Brutally Honest Business Advice | Ep 878
Well, the goal, the goal, the goal is money. I mean, but, but, but, but I can, I can, I can feel for professionals. We can fill houses within seven days. And what I put out my builder, I get it back within seven days. And I just keep doing that. And the constraint is obviously finding the leases, right?
The Game with Alex Hormozi
Brutally Honest Business Advice | Ep 878
So my plan was to build it out, do as many as we can, use the cash flow to then obviously open up the kids' home, and then maybe convert... But that's just because you want to do that, not because...
The Game with Alex Hormozi
Brutally Honest Business Advice | Ep 878
No. Man, this thing. Kids is like three times, maybe four times. So, so I would make, so let's say for example, what I make from five properties, I can make from one kid home.
The Game with Alex Hormozi
Brutally Honest Business Advice | Ep 878
When you mean sunset, please elaborate what you mean.
The Game with Alex Hormozi
Brutally Honest Business Advice | Ep 878
Can I throw in one more? One more? Okay. In terms of like your top five meta skills, what would you... Like left field. Okay, got it. So what are your top five meta skills you would learn that give the highest projected output in terms of increasing business value? I know leadership is one of them.