You Will Stay Poor If You Don't Understand These Equations | Ep 527

<p>It’s all about understanding the formulas. Today, Alex (@AlexHormozi) talks about the importance of understanding the two fundamental equations of business to make informed decisions. He also emphasizes the need to know the number of new sales per month and lifetime gross profit per customer.</p><p>Welcome to The Game Podcast where we talk about how to get more customers, make more profit per customer, and keep them longer, and the many failures and lessons we have learned along the way to $100M in sales. We've got roll-up-your-sleeves kind of hustle with a little bit of cleverness and a lot of heart. </p><p><strong>Timestamps:</strong></p><p>(1:22) - Fundamental equation: number of new sales or sales velocity</p><p>(2:55) - How to calculate lifetime gross profit per customer</p><p>(7:30) - Equilibrium point is where we level out</p><p>(9:25) - Cost to acquire a customer</p><p>(10:27) - 3:1 LTV to cap ratio or greater is necessary for growth</p><p><strong>Follow Alex Hormozi’s Socials:</strong></p><p><a href="https://www.linkedin.com/in/alexanderhormozi" rel="noopener noreferrer" target="_blank">LinkedIn </a> | <a href="https://www.instagram.com/hormozi/?hl=en" rel="noopener noreferrer" target="_blank">Instagram</a> | <a href="https://www.facebook.com/alex.hormozi" rel="noopener noreferrer" target="_blank">Facebook</a> | <a href="https://www.youtube.com/c/AlexHormozi" rel="noopener noreferrer" target="_blank">YouTube </a> | <a href="https://twitter.com/AlexHormozi?s=20&amp;t=J9vPh75tO3ow9xExYLsBDQ" rel="noopener noreferrer" target="_blank">Twitter</a> | <a href="https://www.acquisition.com/" rel="noopener noreferrer" target="_blank">Acquisition </a></p>