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Mosination, what's going on?

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This is a podcast that I did three years ago.

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So this is Young Mosie.

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This is preacquisition.com.

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This is in the middle of Jim Launch.

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I went on a show with Billy Rickman

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and we talked about how did you business

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without breaking the bank

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and how to leverage hard work

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within the context of a small business.

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I think you guys will dig it and enjoy.

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It's like restaurants is number one

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and then gyms are number two

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for the highest failure of businesses.

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And I think typically it's just for the same reasons.

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People are like, I like cooking.

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I'll make a restaurant.

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People are like, I really like business and health.

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I'll open a gym and the skill set

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that it takes to like fitness and health

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couldn't be further apart

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from actually running a profitable gym.

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Welcome to the game where we talk about

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to get more customers, how to make more

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per customer and how to keep them longer

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and the many failures and lessons

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we have learned along the way.

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I hope you enjoy and subscribe.

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You tell the story.

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It's almost like we're in an old company

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CEO, tells the story about 20 years ago

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when we started this company, you know,

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especially we were just quickly shouting off air

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beforehand and we were talking about revenue, right?

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And so to give people some perspective

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about the rapid growth that you've had,

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I put a post out the SS and said,

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anyone have any questions they want me to ask Alex

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and leave some people with the envy

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and one specific person was super intrigued about

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how did you grow so rapidly

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without bankrupting the business

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or without going nuts, either way.

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Yeah, we're sensitive to that.

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First of all, what are your numbers right now?

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How quickly have you grown the company?

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So this last month we did over four million

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like four point one or something like that.

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US.

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So my market is Australian.

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So yeah, we're talking six million a month.

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That's like 25 million Australian, right?

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Yeah, yeah.

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Araflations is insane, right?

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I can't accost $150 only.

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Right.

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So yeah, so that's where we're at right now.

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Yeah, and so going back to the question,

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how did you do it?

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One of the things I'm super fascinated about in business

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is the psychology of business about

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why some people make it and some people don't.

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So like following your online, listening to your podcast,

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watching your videos, reading blogs,

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and articles about your things like that

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even chatty soon after about five minutes,

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I can see you have a certain level of charisma

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and confidence.

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And well, you know what I mean?

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Like sometimes those things come into it, right?

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What, how much comes down to the hard work

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of the strategy, the knowledge or the comprehension?

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How much does it come down to just the person that's individual?

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Well, I think one goes hand in hand with the other.

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And so like, I think,

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so I've just recently, I recently read through the book

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Grit by Angela Duckworth in like one sitting

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I read half the book and I was like, all right, I get the point.

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So basically they looked at like

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super successful individuals and they were able to tease out

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like because it wasn't intelligence,

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we already know that IQ doesn't really do it.

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EQ is like a little bit better,

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but like they're like, what is it to predict,

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you know, someone becoming, you know,

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being able to achieve massive things?

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And they just call it a grit,

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just grit, and they have it index forward and all that kind of stuff.

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But it's basically like how long will you hold on

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and keep pushing when things suck?

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And so I think that grit is what creates skill level

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that then creates the achievement

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because the simplified version of it,

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and I'm trying not to paraphrase the book,

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but it just, it articulated it really well.

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And it was just like within the equation of achievement,

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there's two pieces.

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There's talent times effort equals skill, right?

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And then skill times effort equals achievement.

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And so effort counts twice.

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And so that's kind of like talent is only one quarter

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of that whole piece when effort is counted two times.

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And for me, it's really encouraging because the amount

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that somebody who paints consistently for 30 years

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can paint versus somebody who's talented at painting

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and only paints for six months,

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the person who's been painting for 30 years is better.

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Via mile, even if they have a quarter of the talent.

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And I think that a lot of people put too much weight on

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how talented or how smart they perceive themselves to be

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rather than what their actual potential is

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based on actually just consistently doing something.

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Yeah, I mean, there's a ton of people who graduate

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from Harvard and Ivy League schools,

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which didn't amount to anything.

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Yeah, and so the original question was,

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how much do I think strategy and hard work

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contributed to the rapid growth?

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The strategy came from the fact that like,

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this isn't my first business, this is my seventh business.

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And so you learn things each time.

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And the gyms were one of the, I count that as like one.

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And so like, there's a lot of little failed ventures

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that happened in between that were valuable lessons.

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And I think that's kind of the great aspect

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is like, you just keep going

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because some people just go back to get a job.

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And so it's like, you just keep going

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and you keep collecting these scars

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that eventually amount to better decisions

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based on experience.

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And so like right now, people consider me a sales

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whatever, you know, like that I'm good at selling.

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It's more so that I'm good at teaching people at a cell.

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But I also did 4,000 one-on-one closes.

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And so like, isn't that I'm really talented?

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Or that like, I've just done it a lot of times.

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And I would be unreasonable for me to not be like,

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if I weren't decent at it at this point,

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like you'd be like, what is wrong with you?

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Hey guys, real quick, if you're new to the podcast,

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I have a book on Amazon called 100 million dollar offers

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that over 8,000 five star reviews

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and it has almost a perfect score.

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You can get it for 99 cents on Kindle.

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The reason I bring it up is that I put over a thousand hours

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into writing that book.

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And it's my biggest gift to our community.

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So it's my very shameless way of trying to get you

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to like me more and ultimately make more dollars

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to that later on in your business career,

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I can push the bar towards you.

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So that's my gift.

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Go check it out, Amazon, and back to the show.

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Even to use your industry as a metaphor with the gym.

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Like, you know, it's the same thing, right?

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The guy who goes and does a thousand bench presses

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or the guy who goes and does 20 bench presses,

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the guy's gonna be stronger who's done a thousand.

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Right, it doesn't matter what you're genetics are.

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Like, you know, for the most, you know,

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there's some animals that exist somewhere

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that are just, you know, pro-rubbies or whatever.

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But like, for the most part, you're gonna be.

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Yes.

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Yeah, right.

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So when I did an interview with Alex Sharpen,

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he said that you and I were similar in a way

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because we were both passionate about

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value in our industry.

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And so in my industry, one of the reasons why,

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so my background is I was in the military for eight years.

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I kind of fell into the hair beauty,

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cosmetic sort of industry,

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started a franchise business, grew up for eight years,

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sold it off, and started exactly the same thing

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as you had.

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Someone reached out to me and said,

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Hey, I'm struggling.

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Can you help me?

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I was like, yeah, sure, why not?

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Let's just, yeah, see what we can do.

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And got really good results.

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And then they told somebody else and it kind of snowballed.

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And eventually I went, you know,

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I'm just gonna sell my franchise and do this full time

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because I really love helping people

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and seeing results.

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And much like yourself,

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I don't really systemize a lot of it anyway.

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And, you know, I can just flow it in.

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And one of the things when I first started coaching,

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that became really apparent to me

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is the amount of failures in the industry.

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How many people were in love with the industry

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and they go, I'm gonna start a business in the industry.

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They started and they never transitioned from

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technician to business owner.

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And you speak to them later, they're pulling their hair out.

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They've got no relationships at home, you don't know money.

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And they're totally out of love with the industry.

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They feel like they get changed and shackled to their business.

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And I was like,

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somebody has to change here.

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This is not a good direction for the industry.

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And so Alex tells me that's,

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Alex Shuffle tells me that's a similar kind of way

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the gym industry is.

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Yeah, it's like exactly like that.

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I would say that, I mean,

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it's like restaurants is number one

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and then gyms are number two

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for the highest failure of businesses.

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And I think typically it's just for the same reasons.

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People are like, I like cooking.

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I'll make a restaurant and people are like,

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I really like business and health open a gym.

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And the skill set that it takes to like fitness and health

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is couldn't be further apart

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from actually running a profitable gym.

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And so, you know, and to be really,

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you know, it's funny you said that like,

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when I had my gyms,

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I honestly thought everyone was doing what I was doing.

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So I just didn't, I didn't think that

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the things that we put in place were really revolutionary.

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By any, you know, by any stretch of the imagination,

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I was like, yeah, so we signed a lease

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and run some ads and fill the gym.

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You know, everyone must be doing this.

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Yeah, I was like, then, you know, half way through,

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I convert three out of four into a lot

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in a two year long membership.

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I was like, and then we're good for the year.

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Like it's, you know, I mean,

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it seems, it seems simple,

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but a lot of things is like, you don't know what you don't,

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it's like unknown, unknown.

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You don't know what you know or you don't know what you know.

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Yeah, yeah.

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So, yeah, that resonates.

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But yeah, we will help.

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With the gym industry though,

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it's funny, you say you don't know what you don't.

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And it's funny when you look into somebody else's industry

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and you think that they've got it so much easier.

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And so some of the things I would see,

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I see some my gym owner friends,

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and they're doing particularly well.

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But it's true, like you focus on the people

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who are doing well, right?

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You don't look at all those ones

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that aren't on the road anymore when you drive down.

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They're like, you don't notice that they've gone.

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You notice the ones that are consistent,

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they're all the time, they're like,

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well, they must be doing something well.

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And what I, and I look at gym owners,

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I think to myself, they've got an advantage over my industry

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because you've got usually, typically, when you look in,

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you say, well, they must be self-disciplined,

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they must be self-motivated, they've got high energy,

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all of these things.

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And so is that true or is it not true?

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So that like, I would have an advantage in our business

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because gym owners are more disciplined

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and more motivated, et cetera.

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Versus coaching sponsors.

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Yeah.

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Gym owners are hard working as shit.

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So that's what I was imagining.

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I mean, because also in the fitness industry,

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it's super common to work from 4 a.m. until 9 p.m.

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they get to normal.

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And you work six days a week because your first client,

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your first session starts at 5.

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And your last client ends at 9.

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And so you're basically always working.

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And that sometimes you get the middle of the day off,

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but you're so exhausted that it's really difficult

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to do lots of productive stuff.

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And so sometimes you try and work out

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and you get a half ass workout.

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And you're the person who's supposed to be the fit person.

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And you know what I mean?

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And so then it's just start snowballing.

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And the only day you get off is like Sunday.

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And then you really just meal prepping that day

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for the rest of the week that you can eat at a top

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where it's all day at the gym.

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And so from an advantage standpoint,

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from a work ethic side, yes.

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I mean, I don't know how hard salon owners work,

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but I know the gym owners work their ass off.

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Yeah, it's not like the people in the industry

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don't work hard.

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I think they work really hard,

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but I think a lot of people in my industry

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who'll be watching this and listening to this,

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their moms and they have to do the kids' school runs.

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And they're trying to figure out how to balance work

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and their career and their ambition

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with the person life at home as well.

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And I think that's one of the things I hear

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from my clients all the time anyway.

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It's one of the hardest things for them to try and,

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they have such big goals and dreams.

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It's like they have these parent guilds

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and then they feel like they're not being a good wife

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and mom and things like that.

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I'm not saying that father should struggle with it

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the way moms do, but I would say that if I'm being candid,

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they probably don't struggle with it as much

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because there's a certain expectation for culturally,

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you know, that guys are gonna be putting bread

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on the table and doing everything he can to work

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while, you know, wife, mom, et cetera, stays at home.

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I'm not saying not all of our gym owners are married,

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not all of our gym owners are kids, but by and large,

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but clientele-wise, we're 80% male.

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So 80% of my clients are on.

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Hope you guys enjoyed some throwback,

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mosey way back when pre-acquisition.com.

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Got to hear we're probably a little bit more taxable

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that I normally would be about business stuff

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that's actually before $100 million offers.

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So you can see how my perspectives have changed over time.

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Maybe they will change yours as well.

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The next half of this podcast part two is coming up.

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We'll talk about how to use a backend customer experience

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to ascend customers into high ticket offers

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in a way that is beautiful that you will dig.
