251. Alex Hormozi — The Power of Humility in Achieving Entrepreneurial Success [Encore Edition]

The Game Changing Attorney Podcast with Michael Mogill

Michael Mogill

Management, Business, Marketing, Entrepreneurship

5.0 • 538 Ratings

🗓️ 2 April 2024

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

Embarking on the journey of entrepreneurship demands resilience, courage, and unwavering determination to navigate through its myriad challenges. Enter Alex Hormozi, the visionary Founder & Managing Partner of Acquisition.com. Alex's path to success has been far from straightforward, marked by twists and turns that have ultimately led him to his current role alongside his partner, Leila. Yet, the hurdles he overcame along the way remain etched in his memory, shaping his remarkable journey. In this episode of The Game Changing Attorney Podcast, Alex and Michael delve into: Unveiling how ego obstructs progress Exploring the transformative power of acquiring new skills Embracing humility as a catalyst for achieving extraordinary success ---- Show Notes: 02:50 — How Alex Hormozi Built His Brand 05:00 — Alex Hormozi's Path to $100M in 7 Years 08:02 — Alex Hormozi Shares His Rock-Bottom Moments 14:26 — What Keeps Alex Hormozi Going 15:23 — The TRUTH About Entrepreneurship 17:33 — Alex Hormozi on His Relationship With Leila Hormozi 20:12 — Alex Hormozi's Relationship Advice for Entrepreneurs 22:15 — The 3 Common Traits That All Successful Entrepreneurs Have 26:30 — How to Tell How Successful Someone Will Be in Business 28:02 — The Single Common Thing That All Entrepreneurs Will Face 29:12 — The Reason Why Most New Businesses Fail 31:52 — The Dangers of Ego in Business 33:47 — Alex Hormozi Explains Acquisition.com 35:04 — What the Best Businesses Have in Common 36:34 — Why People Aren't Making Any Money 40:35 — How Alex Hormozi Views Competition 44:36 — Alex Hormozi Weighs in on AI 47:37 — How to Get Smarter 48:33 — How Alex Hormozi Spends His Time 49:42 — What Keeps Alex Hormozi Motivated ---- Links & Resources Leila Hormozi Acquisition.com Gym Launch Jessica Mogill Warren Buffet Queen Elizabeth II ---- Listening to this episode but want to watch it? Check it out on Spotify. Do you love this podcast and want to see more game changing content? Subscribe to our YouTube channel. ---- Past guests on The Game Changing Attorney Podcast include: David Goggins, John Morgan, Randi McGinn, Kim Scott, Chris Voss, Kevin O’Leary, Laura Wasser, John Maxwell, Mark Lanier, Robert Greene, and many more. ---- If you enjoyed this episode, you may also like: #187 Dan Martell — Buy Back Your Time: Get Unstuck, Reclaim Your Freedom, and Build Your Empire #232 Ross Pomerantz — Sales, Satire, and Social Media: The Unconventional Journey of Corporate Bro #243 AMMA — Success Without Safety Nets: The Entrepreneurial Journey

Transcript

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0:00.0	You can make a few million dollars, ten million dollars being really good at marketing in sales.
0:08.0	You could become a multimillioner doing that.
0:10.0	It's just you're not going to build like the massive, massive fortune unless the thing you sell is good.
0:15.8	That's Alex Hormozzi, best-selling author and the founder of acquisition.com.
0:20.3	It's like the real big, obvious answer of why people don't make more money is they're
0:24.4	just not that good.
0:31.3	I'm Michael Mogul, founder and CEO of Crisp, the nation's number one law from
0:35.2	growth company.
0:36.1	I've built my business through practice,
0:37.9	not theory. Crisp started with just $500 to my name and has grown to over eight figures in
0:42.5	revenue over the last few years, earning a spot on the Inc. 500 list of the fastest growing
0:47.0	private companies in America. Our approach has been to take everything we've learned about generating
0:51.2	massive growth within our own organization and help the country's most ambitious and committed law firm owners do the same for theirs.
0:57.6	In each episode of this podcast, I sit down with innovative market leaders from the legal industry
1:01.7	and beyond to learn from those who thrive in the face of adversity, challenge the status quo,
1:06.7	and define what it means to be a true game changer.
1:10.0	Today, we're revisiting one of our most popular episodes from the podcast where I sat down with
1:14.1	Alex Hermose to discuss why ego is the enemy of progress, how desirable traits are actually
1:19.0	learnable skills, and the power of humility and achieving success.
1:23.2	And so if you want to be smarter, the key is to change your behavior faster.
1:28.6	And so I think in that way, it operationalizes knowledge.
1:32.4	Probably a lot of lawyers are big readers and they love the mental masturbation of like consuming stuff.
	...

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