19 Failures & Lessons | Ep 174

The Game with Alex Hormozi

Alex Hormozi

How To, Entrepreneurship, Business, Education

4.9 • 4.8K Ratings

🗓️ 29 January 2020

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

"Never get too far away that you can't see the problems." Today, Alex (@AlexHormozi) shares his failures and lessons learned in business, people management, and relationships in the year 2019. He emphasizes the importance of focusing on one thing, protecting the core, and balancing comfort and distance in relationships.

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:

(2:41) - Product must solve pain, not be a gain.

(4:44) - Effort is success, not an outcome.

(8:50) - Stay close to problems in the organization.

(16:20) - Balance comfort and distance for variety.

(21:56) - Success created with skills, sustained with traits, beliefs.

(28:52) - Time and effort required for success, not outsmarting it.

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Transcript

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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. Welcome to the Jim Seekers podcast where you talk about how to
0:27.9	get more customers, how to make more per customer and how to keep them longer. And the many failures
0:32.3	and lessons that we have learned along the way, I hope you enjoy and subscribe. Hey, what's going on,
0:37.6	everyone? Happy 2020. Hopefully, I have 2020 vision going into the year of 2020. I wanted to do
0:45.2	something that I don't think I've done since I've been a quote guru or really, shoot, even for that,
0:51.2	when I was a fitness guru, as in just a demo, not just a gym owner, but with my fitness clientele.
0:57.6	So anyways, I was reading, so I have a habit of what I do is I take, I write down my failures.
1:04.5	So this is something that I do, I've done for a while. I write down all the mistakes that I make.
1:10.9	And I do this on a regular basis, so I have this ongoing email thread to myself of failures.
1:16.0	I think I'm like home fuck ups, but and it's just, that was a failure. That was a failure.
1:23.2	And periodically, I'll go through and try to take stock of kind of all the failures and see if I can
1:29.9	figure out the lessons or principles behind them that I've learned. And so I shared the list
1:35.7	I'm about to share with you with Layla this morning, if I was like, this was my 2019 kind of recap.
1:42.0	And she was like, that was really good. You should make that into a pocket. So this was at her best.
1:47.1	This is going to be more a list of gold than my typical stuff if you guys want explanations on any
1:53.2	of the kind of points or lessons than just comments and let me know. And I will make individual
	...

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