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The Game with Alex Hormozi

3 Reinforced Lessons From Hanging w/ Ben Francis (Gymshark) | Ep 793

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.94.4K Ratings

🗓️ 20 November 2024

⏱️ 28 minutes

🧾️ Download transcript

Summary

In this episode, Alex talks through 3 lessons that were reinforced when he spent the day with Ben Francis, Founder and CEO of multi-billion dollar company, Gymshark.

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 and will learn on his path from $100M to $1B in net worth.

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Transcript

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0:00.0

Man, oh man, do I have a podcast for you today. I've been waiting to make this one. I think two

0:05.2

weeks ago was the Olympia here in Vegas. Ben Francis, who's the founder of Jim Shark in the UK,

0:12.8

so it's UK apparel brand. I think they were valued at a billion plus one or two years ago,

0:17.3

and I think they've doubled in size since then. So really, really great entrepreneur. And I had the, uh, the, the fortune of, uh, being able to hang out with him for the day.

0:25.9

He came a day early and we hung out here in Vegas at my headquarters. It was such a wonderful

0:31.2

conversation because he's my age and he's achieving really big things. So it was very like rarefied air for me. So this is me just,

0:38.2

I'll show my cards bear. I'll try to, you know, hedge my self-aggrandizing comments. But I was

0:42.0

very pumped to, to hang out with him. And what I want to do in this podcast is break down some of the

0:47.0

the lessons I was reminded of in my conversation with him that I think would benefit honestly everyone

0:53.5

who's an entrepreneur or wants to be.

0:55.8

And so I wrote down a bunch of bullets from the conversation that I had. And I want to walk through

1:01.6

a few of my biggest takeaways. One is AI versus IRL. All right. And you're like, what the

1:08.1

hell is that? So AI is like all these big tech companies and all the hot

1:12.4

software, whatever is talking about AIs, Metaverse, decentralized, Web 3, whatever, right? All that stuff.

1:19.6

And so there's this interesting and very large push with lots of capital behind it for people to

1:25.5

go into these AI digital spaces, right? He and I were both talking about our

1:31.0

shared consideration for the value of in person, IRL, which is Ben told me the story that

1:38.4

the reason that their company was so successful is that they built an online business offline. He told me, I'm pretty sure

1:47.7

he shared this in podcast and I'll probably run this whole thing by him to make sure that I don't

1:52.0

share anything that was like too proprietary. But for everybody else who's listening then,

1:56.2

you can tell the heat that we're going to be dropping, which is when his first couple years,

2:00.3

he went to every single fitness expo across the world that he could afford to go to.

...

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