13 Things I Wish I Learned | Ep 636

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 22 November 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

(This episode is a re-run. Original airdate was on November 8, 2022)

The actual entrepreneurial cycle (…) It's not a destination. It's not linear. It's cyclical.” Today, Alex (@AlexHormozi) shares valuable life lessons and experiences in business and personal growth. Topics covered include continuous learning, embracing humility, recognizing the cyclical nature of success and failure, persistence, negotiation skills, and the importance of long-term commitment and focus. He also emphasizes the value of paying to learn from those more successful to accelerate one's own path to success.

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:

(0:39) - #1: You make better decisions and you learn more by assuming that you're dumber than everyone else.

(4:04) - #2: The hardest respect to earn is one’s own.

(5:26) #3: If you want to control what people think, control what they say.

(6:53) - #4: You get more out of reading one book that's great five times than out of reading five mediocre books

(9:22) - #5: Most champions do not have something that you do not. They lack something that you have.

(10:20) - #6: Goodwill compounds faster than money.

(11:29) - #7: You're going to die. And two weeks after you die, most people will have forgotten about you.

(12:23) - #8: Extraordinary accomplishments come from doing ordinary things for extraordinary periods of time.

(14:09) - #9: If it's worth doing, it's worth doing well.

(16:43) - #10: Be willing to negotiate everything except for your values.

(19:17) - #11: Humility.

(21:32) - #12: The happy man has a thousand wishes. The sad man has one.

(24:19) - #13: Failure leads to learning. Learning leads to success. Success leads to complacency, complacency leads to failure.

(26:30) - Bonus: I would pay any amount of money to make obvious truths real for me.

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Transcript

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0:00.0	The ocean between good work and great work is vast.
0:03.5	It's five times, ten times the work to go from something good to something great,
0:07.7	which is why you have to be really selected about the few things you choose to do
0:11.1	that are worth doing, and in being worth doing
0:13.7	worth doing well.
0:17.5	Welcome to the game where we talk about how to sell more stuff to more people in more
0:20.9	ways and build businesses worth owning.
0:23.0	I'm trying to build a billion dollar thing with acquisition.com.
0:25.6	I always wish Bessos, Musk and Buffett had documented their journey, so I'm doing it for the
0:29.2	rest of us.
0:30.2	Please share and enjoy.
0:31.2	13 lessons I learned after graduating college from the real world that I wish I had learned earlier.
0:38.0	The first is that you make better decisions and you learn more by assuming that you're dumber
0:44.4	than everyone else. And the reason this was something that took me a long time to
0:47.8	learn is that when I was in college it was all about showing how smart you were.
0:51.1	It was about talking more in the group meetings. It was about raising your hand more in the classroom and proving how smart you were in every way that you possibly could. And so I took that and started translating in the real world and I
1:04.3	realized that I didn't learn very much because I was the one talking all the time.
1:08.0	And it only took a few times of me getting introduced to somebody because I wish I could just tell you it was once but it wasn't or I get introduced to someone.
1:16.7	Someone would introduce us and I would basically spend the whole time blabbering on about how great I was and how much I knew, only to find out later that this person was
1:25.4	way above me in business and whatever things that I was pursuing at the time, and then I felt
1:30.9	tons of shame and embarrassment about how stupid I was for doing that.
1:35.0	And so I had to shift the way that I talked to new people and the way that I entered rooms, and I'll
	...

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