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The Learning Leader Show With Ryan Hawk

540: Alex Hormozi - Creating Confidence, The Art of Selling, Marrying Well, Letting Go of The Need For Approval, Building a Profitable Business, & Never Skipping Dessert

The Learning Leader Show With Ryan Hawk

Ryan Hawk

Business, Careers, Management

4.91.4K Ratings

🗓️ 13 August 2023

⏱️ 59 minutes

🧾️ Download transcript

Summary

Text Hawk to 66866 to become part of "Mindful Monday." Join 10's of thousands of your fellow learning leaders and receive a carefully curated email from me each Monday morning to help you start your week off right...

Full show notes at www.LearningLeader.com

Twitter/IG: @RyanHawk12   https://twitter.com/RyanHawk12

Alex Hormozi is an entrepreneur, investor, and author of 3 bestselling books $100M Offers, Leads, and Money Models. He's founded and exited 3 companies, the largest for $46.2M in 2021. He and his wife Leila are the managing partners of Acquisition.com - a portfolio of companies that generate in aggregate $200M per year. He also makes mistakes and candidly shares his painful lessons with other entrepreneurs. Today he publicly documents his lessons on his path from $100M net worth to $1B.

  • Confidence: "You don't become confident by shouting affirmations in the mirror, but by having a stack of undeniable proof that you are who you say you are. Outwork your self-doubt."
  • Work: "The work works on you more than you work on it."
  • For anyone debating whether to marry a partner. These 2 lenses were useful:
    • How have my stats changed since they entered my life? (wealth, health, time)
    • Would I go to war with them?
      • They flow from what Alex wants:
        • Growth
        • Hard goals
  • Document your life more. Otherwise, you'll forget the details. And the details are what make it worth remembering. (homework for life)
  • Alex shared a vulnerable story about not wanting to live anymore when he was 21. He had graduated from Vanderbilt in 3 years (manga cum laude), had a great consulting job, and was on his way up the corporate ladder. And he hated it. He was living his dad's dream, not his own. So he quit. And didn't call his dad until he was well on his way to California to start over. 
  • "A leading indicator that someone is not an independent thinker is that they agree (or disagree) with every single point of a political party. Also applies to seeing no fault (or 100% fault) in particular leaders."
  • "Volume negates luck"
  • What makes a great sales professional:
    • Clear communication
    • Conviction
    • Be honest... And have a desire to help your customer
  • Life Lessons Alex wishes he had learned earlier:
    • Talk less, listen more… (He messed this up earlier in his career by talking too much)
    • The hardest respect to earn is one's own
    • If you want to control what people think, control what they say – "Equip people with simple language so that they can communicate what you do."
    • "You get more out of reading 1 book that's great 5 times, than out of reading 5 mediocre books." – "If your behavior doesn't change as a result of reading the book, then it means you've learned nothing."
    • You are going to die – 2 weeks after you die, most people will have forgotten about you. 
    • Extraordinary accomplishments come from doing ordinary things for extraordinary periods of time.
    • If it's worth doing, it's worth doing well
    • Be willing to negotiate everything except for your values
    • Humility - Sacrifice for the group. Give more to the company. Give to the group.
  • Hormozi Law:
    • The longer you delay the ask, the bigger the ask you can make. The longer the runway, the bigger the plane that can take off.
    • "At your funeral, friends and family will argue over who gets what. People will want food to eat. The topic will shift from your life to their lives. They'll drive away thinking about their looming to-do list. Some people won't be able to make it because "something came up." A reminder of the heavy weight we place on things that matter little."
    • "There's no greater waste of time than justifying your actions to people who have a life you don't want."
    • "The easiest way to change behavior is to change your environment."
  • Alex's great-great-grandfather had 400 children.
  • "Never skip dessert." 
  • "My life has never gotten worse by removing mediocre people."

Transcript

Click on a timestamp to play from that location

0:00.8

How people perceive the information matters almost more than the information itself.

0:06.0

The reason I'm so big on this evidence is because that's the frame that people consume your

0:09.8

message in. If I have a book that says how to market a book and it has 10 reviews on Amazon,

0:15.3

do I need to consume the book? No, I already know the book sucks because I have evidence

0:20.0

that the book sucks. I have visual proof that everything you're saying is not true or that you

0:24.4

aren't even doing it. I want people to have the evidence so that when they speak about something

0:28.2

they can be confident about it. Welcome to The Learning Leaders Show, presented by Insight Global.

0:39.5

I am your host, Ryan Hawke. Thank you so much for being here. Text Hawke.

0:44.9

266-866 to become part of Mindful Monday. You, along with tens of thousands of other

0:51.6

learning leaders from all over the world, will receive a carefully curated email from me each

0:56.6

Monday morning to help you start your week off right. You'll also receive details about how

1:01.4

my book, The Pursuit of Excellence, will help you become a more effective leader text Hawke.

1:07.7

266-866 now on to tonight's featured leader. Alex Hormosi is an entrepreneur, investor and author

1:15.6

of three best-selling books. He's founded and exited three companies, the largest for 46 million

1:22.1

dollars in 2021. He and his wife Leila are the managing partners of acquisition.com, a portfolio

1:29.1

of companies that generate in aggregate $200 million per year. Today he publicly documents

1:35.6

his mistakes made and lessons learned on his path to building a billion dollar business on YouTube

1:42.0

and social media. Alex is everywhere. During this conversation we discuss how true confidence

1:49.2

is actually built. Then why Alex didn't want to live anymore when he was just 21 years old despite

1:58.3

a high-paying consulting job and how he overcame that really tumultuous time in his life. Then we

2:04.8

discussed his philosophy on sales and what it takes to be great at. This was a very wide-ranging

2:12.6

full of stories, conversation that I think you're going to enjoy. Ladies and gentlemen, it's Alex

...

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