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The Founder Podcast

#142: Alex Hormozi: Why you're still broke // Next Level Pros Podcast

The Founder Podcast

Chris Lee

Business, Entrepreneurship

51.4K Ratings

🗓️ 26 March 2025

⏱️ 25 minutes

🧾️ Download transcript

Summary

Welcome to a new episode of Next Level Pros! In this episode, Chris, Daryl and Levi discuss the principle of taking decisive action and addressing pain now versus later. They explore insights from Alex Hormozi about business growth, commitment, and the power of making quick, focused decisions that can transform both personal and professional life.

Highlights:

"The most successful people that I know are decisive; the moment they measure out the information, they make a decision, they move forward."

"If you're hesitating, all you're doing is prolonging pain, prolonging suffering."

"There's so much power in just being decisive."

"If you make a bad decision, and you're decisive in that decision, your ability to make other decisions to get out of it is a lot easier."

Timestamps:

00:00 Intro

01:52 Business Pain: Different Strategies for Different Ventures

05:00 Avoiding Revenue Generation: Common Entrepreneurial Pitfalls

10:00 The Power of Being Decisive: Transforming Business Mindset

15:00 Pivoting During COVID: Staying Decisive Under Pressure

17:22 Alex Hormozi's Mastermind Revelation

19:44 Partnership Dynamics: Supporting Decisiveness

20:46 The Importance of Having Hard Conversations

21:52 Overcoming Mental Barriers

25:00 Conclusion

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Transcript

Click on a timestamp to play from that location

0:00.0

This one action is keeping you broke. In today's discussion, we're throwing it back to a

0:04.4

interview that I did with Alex Hermose. Alex shares with us a little known secret that actually

0:10.4

changed the trajectory of his career. Have you ever been focused on a certain aspect of your business,

0:15.6

but found yourself distracted looking at other opportunities in the way you can make money?

0:20.7

Don't worry.

0:21.6

This is what every single entrepreneur goes through.

0:24.4

In this episode, we'll talk about the principle that launched Alex into his personal brand and the

0:29.3

success that you know him as and what made a huge difference in our two nine-figure exits.

0:35.0

All this and more on today's episode.

0:40.7

Yeah, you know the growth that your company had in the last year is probably more than it did in the

0:46.7

first five years. Right. And so like that's the thing is like yeah. Yeah. And Like, and it's a, it's a tough gear shift.

0:55.0

I mean, like, this is me just to share.

0:56.5

I know you're in the process of this too.

0:58.6

But like, when you go from comparing your year 7 to your eight growth of a business that

1:03.9

you owned to your two to your two to year three growth of a newer thing that you're doing,

1:09.0

it's like we can't compare the two like this is this is

1:11.2

this is what's been hard for me that I've had to like wrap my head around is that like I'm like

1:16.0

god like it's so it'd be so easy for me to add another like 10 million in EBTA uh you know to

1:21.3

to the solar business right versus like or or in gym watch like add another like six or out

1:27.1

another 10 whatever it is right like adding that kind of like that can happen pretty quickly right whereas you know when you're the new thing like you have to think in percentages rather than in in absolute amounts because otherwise you'll just get way too bog down like you'll get way too sad about things are working as fast as you want them to.

1:46.9

And so that's been helped to.

1:48.5

So shifting from absolutes to percentages to relative changes.

...

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