A Billionaire Taught Me How To Think Like A Billionaire | Ep 328

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 2 September 2021

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Change the way you think! Today, Alex (@AlexHormozi) talks about the different thinking frameworks that billionaires do that can help you and your business grow!

Welcome to The Game Podcast where we talk about how to get more customers, make more profit per customer, and keep them longer, and the many failures and lessons we have learned along the way to $100M in sales. We've got roll-up-your-sleeves kind of hustle with a little bit of cleverness and a lot of heart.

Timestamps:

(2:04) - “A problem to be solved, a dichotomy to be managed” - find the middle ground between handling and managing. Check if the problems you’re trying to solve are even problems, to begin with!

(6:21) - “Concept of continuum vs. binary” - asking yourself the question “to what extent did I do this?”

(9:30) - Most people make this mistake: using a psychological binary to make a judgment. This means your questions are only limited to a yes or no answer rather than “to what extent?”

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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. And instead of thinking of it as a problem to be solved,
0:29.2	it is instead a dichotomy to be managed. Welcome to the game where we talk about how to get more
0:34.0	customers, how to make more customers, how to keep them longer in the many failures and lessons
0:37.7	we have learned along the way. I hope you enjoy and subscribe. When I was in the beginning of my
0:41.2	entrepreneurial career, I would read a book on delegation, right? And as soon as I read the book,
0:47.5	I was like, okay, this is a delegate. And then I would come back to the team and be like, all right,
0:51.6	delegate, delegate, delegate, delegate, delegate, right? And I'd be like, all right, you're all good.
0:54.8	And then I would dip out. And then, you know, we all kind of know how the story is probably going to go.
0:59.7	Me being super excited about business and thinking that things are going to, you know,
1:03.6	all the things are going to run themselves, right? Now that I've delegated everything, I'm a big
1:06.8	boss man. And then of course, I would check in a few weeks later and then things weren't on the way.
1:11.0	I wanted to. And then of course, you know, I read super, you know, a bunch of books on management,
1:17.2	etc. And then I dive super far and start micromanaging everyone, trying to control everything.
1:22.6	And then yet again, the problem would arise where people were not doing what I wanted them to do,
1:28.3	but for different reasons, because they felt completely stifled. They wouldn't take initiative,
1:31.3	because they felt like they needed my sign off and everything. And then I'm basically a huge
	...

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