649: Alex Hormozi on The “Weak Links” That Will Make Anyone a Millionaire
BiggerPockets Real Estate Podcast
BiggerPockets
4.8 • 16.5K Ratings
🗓️ 16 August 2022
⏱️ 84 minutes
🧾️ Download transcript
Summary
Alex Hormozi is quite literally the one hundred-million-dollar man. If you haven’t heard of Alex before, prepare to have your mind blown wide open. He’s the poster child for entrepreneurialism on the internet, founding multiple eight and nine-figure businesses, including his current venture that does over $150M per year in revenue. He’s one of the wisest founders and CEOs out there, not because he does so much, but because he knows when to do less.
One of Alex’s first successes, Gym Launch, proved how repeatable building multi-million dollar businesses can be. He quickly ramped up revenue, grew a team, and began cash-flowing seven figures. But, this was just the beginning. Over the past decade, Alex has advised numerous start-ups and established businesses, blowing revenue and sales figures out of the water by introducing easily-repeatable systems into the mix
There aren’t many people who think like Alex is in his industry, or in any industry, to be fair. But, you don’t need to be just like Alex to use his teachings in real life. In this episode, Alex lays out the scaling system that will make you seven figures before you know it. He also talks about the one investment every entrepreneur should make—one that almost guarantees success, regardless of the field you're in.
Want to learn how to ditch the burnout, make moves that count, and start bringing in millions? Hit play on this episode.
In This Episode We Cover:
Alex Hormozi’s journey from complete rookie to $150M in cash flow
How to scale your business from low revenue to seven-figures and beyond
The “weak link” every entrepreneur should focus on strengthening immediately
Hiring the “stallions” that can run your business better than you’ve ever dreamt
The “prescriptions of activation” that lead to massive success, with far less confusion
Why just being “good enough” can lead to more success than people think
And So Much More!
Links from the Show
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
The Simplest Way to Successfully Scale Your Business
The Millionaire Formula—10 Steps to Hit 7-Figure Net Worth
How to Succeed at Doing Anything w/David Greene
Books Mentioned in the Show:
$100M Offers by Alex Hormozi
Crushing It in Apartments and Commercial Real Estate by Brian Murray
Connect with Alex:
Work with Alex and Scale Your Business at Acquisition.com
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-649
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Transcript
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| 0:00.0 | This is the Bigger Pockets Podcast, show 649. |
| 0:30.0 | Today, joining me is my co-host, Rob, Rob Ilts Abbasolo, to take down this awesome interview |
| 0:53.1 | with me. |
| 0:54.1 | Rob, why don't you tell people about our guests and say, you are a huge, huge fan and |
| 0:58.2 | tell us what you like about the show. |
| 1:00.2 | We had Alex Hormozzi on, who is somewhat of the YouTube poster child for entrepreneurs |
| 1:07.1 | everywhere. |
| 1:08.1 | I started noticing him popping up about a six, 12 months ago when my channel was growing. |
| 1:14.0 | I just really gravitated towards all of his videos because he puts a lot of information |
| 1:18.8 | there on how to scale, business mindsets, how to manage people. |
| 1:24.0 | You get into a lot of the nitty-gritty there of scaling from zero to $1 million, $1 million, |
| 1:29.4 | $3 million, $3 million, $30 million. |
| 1:31.8 | Honestly, I felt like for as big of a fan I was, I didn't fan boy too hard. |
| 1:36.7 | I don't think it came through, so I think I held it down. |
| 1:39.5 | No, I thought you did a great job. |
| 1:41.2 | And Alex really did most of the heavy lifting in this one. |
| 1:43.5 | He breaks down some of the struggles that I'm having in business and that Rob is having |
| 1:47.8 | as well. |
| 1:48.8 | He gave us a cool origin story of where he started and what he would have done differently |
| 1:52.7 | as he built himself up to a net worth of. |
| 1:54.4 | I think he said over $100, $150 million. |
| 1:56.2 | It was a lot. |
... |
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