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The Game with Alex Hormozi

10 KEYS to a TERRIBLE Business Partnership | Ep 425

The Game with Alex Hormozi

Alex Hormozi

How To, Education, Entrepreneurship, Business

4.94.8K Ratings

🗓️ 23 August 2022

⏱️ 10 minutes

🧾️ Download transcript

Summary

Sometimes terrible can be a good thing! Today, Alex (@AlexHormozi) talks about how using inverse thinking to see if your partnership is actually more terrible than it seems, and how to ensure you’ll be picking someone who is the perfect fit for you and the company!

Welcome to The Game w/Alex Hormozi, hosted by entrepreneur, founder, investor, author, public speaker, and content creator Alex Hormozi. On this podcast you’ll hear how to get more customers, make more profit per customer, how to keep them longer, and the many failures and lessons Alex has learned on his path from $100M to $1B in net worth.

Timestamps:

(1:51) - Reasons 1-5: Disproportionate knowledge, time, money, expectations, and no agreements.

(5:44) - Reasons 6-10: Generosity, misalignment in mission, values, vision, and lifestyles.

(7:42) - Summary of reasons for terrible partnerships and the underlying frameworks.

Follow Alex Hormozi’s Socials:

LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition

Transcript

Click on a timestamp to play from that location

0:00.0

Real quick guys, if you can think about how you found this podcast, somebody probably

0:03.8

tweeted it, told you about it, shared it on Instagram, or something like that.

0:07.5

The only way this grows is through word of mouth. And so I don't run ads, I don't do sponsorships,

0:12.2

I don't sell anything. My only ask is that you continue to pay it forward, do whoever showed you,

0:16.4

or however you found out about this podcast that you do the exact same thing. So if it was a review,

0:21.0

if it was a post, if you do that, it would mean the world to me and you'll throw some good comment

0:24.3

out there for another entrepreneur. When you're in a business relationship, you're in a marriage.

0:27.4

And their extra quick little life is going to get dragged into the business. I promise you.

0:33.2

Welcome to the game where we talk about how to sell more stuff to more people in more ways and

0:36.7

build businesses worth owning. I'm trying to build a billion dollar thing with acquisition.com.

0:40.8

I always wish pesos, musk and buffet had documented their journey. So I'm doing it for the rest of us.

0:45.1

Please share and enjoy. I want to give you the keys to having a terrible, terrible partnership.

0:50.2

And the reason we're going to talk about it in this perspective is because my big hero Charlie

0:54.2

Morgan talked about inverted thinking as one of the best ways to solve problems. So rather than

0:57.3

think, how do I have an amazing partnership? Let's think about how would I guarantee a miserable,

1:01.2

terrible partnership that would definitely ensue in a terrible breakup with lots of lawyers and

1:06.4

all the paperwork and just honestly, ideally take forever and result in no benefit. All right.

1:11.4

And if you don't know how I am, my name's Alex Mosey. I own acquisition.com. So portfolio

1:14.2

of companies that have a hundred million dollars a year and I have nothing to sell you. I make

1:16.5

these because I hope that you make lots and lots of money from them and then hopefully you apply to

1:19.7

become a portfolio company with us as long as you're doing, you know, three to let's say $20 million

1:23.5

a year and ideally in internet business. Now, that being said, let's rock and roll on how to have

...

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