10 min listen
I always give away equity in my companies this is why | Ep 317
I always give away equity in my companies this is why | Ep 317
ratings:
Length:
10 minutes
Released:
Jul 15, 2021
Format:
Podcast episode
Description
Everyone gets the share of the pie! Today, Alex (@AlexHormozi) talks about how he is able to give away equity in his companies through a basic framework, and how he lives through one of his rules in life regarding making money for not just himself, but for everyone involved.
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.
Timestamps:
1:50 - One of the vehicles that exist to incentivize employees is called Phantom Equity and Alex breaks down its variables
3:49 - Purpose of Phantom Equity: the employees can also participate in it and build their own wealth alongside the owner
5:50 - Possible downsides of this framework. What if the employee leaves?
7:02 - Purpose of Phantom Equity: to incentivize people to stay and continue to grow the business
Follow Alex Hormozi’s Socials:
https://www.linkedin.com/in/alexanderhormozi (LinkedIn ) | https://www.instagram.com/hormozi/?hl=en (Instagram) | https://www.facebook.com/alex.hormozi (Facebook) | https://www.youtube.com/c/AlexHormozi (YouTube ) | https://twitter.com/AlexHormozi?s=20&t=J9vPh75tO3ow9xExYLsBDQ (Twitter) | https://www.acquisition.com/ (Acquisition )
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.
Timestamps:
1:50 - One of the vehicles that exist to incentivize employees is called Phantom Equity and Alex breaks down its variables
3:49 - Purpose of Phantom Equity: the employees can also participate in it and build their own wealth alongside the owner
5:50 - Possible downsides of this framework. What if the employee leaves?
7:02 - Purpose of Phantom Equity: to incentivize people to stay and continue to grow the business
Follow Alex Hormozi’s Socials:
https://www.linkedin.com/in/alexanderhormozi (LinkedIn ) | https://www.instagram.com/hormozi/?hl=en (Instagram) | https://www.facebook.com/alex.hormozi (Facebook) | https://www.youtube.com/c/AlexHormozi (YouTube ) | https://twitter.com/AlexHormozi?s=20&t=J9vPh75tO3ow9xExYLsBDQ (Twitter) | https://www.acquisition.com/ (Acquisition )
Released:
Jul 15, 2021
Format:
Podcast episode
Titles in the series (100)
Innovation in the Industry | Ep 3 by The Game w/ Alex Hormozi