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The Game with Alex Hormozi

A Hard Learned Lesson | Ep 213

The Game with Alex Hormozi

Alex Hormozi

How To, Entrepreneurship, Education, Business

4.94.8K Ratings

🗓️ 12 June 2020

⏱️ 13 minutes

🧾️ Download transcript

Summary

It’s all about being practical the more you progress. Today, Alex (@AlexHormozi) talks about one of the hardest lessons he’s learned in his entrepreneurial journey, how to not get distracted by opportunities that might seem attractive and how he’s been able to grow more money as he takes a step forward. “Our optimism can become our Achilles heel because we believe that the chance of success is actually greater than it really is.”

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

Timestamps:

(1:39) - Some opportunities are attractive, but learn to say no.

(3:32) - Alex shares realistic view on taking opportunities.

(5:11) - 3 important questions to help learn to say no.

(7:37) - Discipline to say no gets stronger as you progress.

(8:39) - Alex shares story about internal optimism weighing against entrepreneurs.

Follow Alex Hormozi’s Socials:

LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition

Transcript

Click on a timestamp to play from that location

0:00.0

Most of the nation real quick, if you are a business owner that has a big old business

0:04.0

and wants to get to a much bigger business, going to $50, $100,000 plus we would love to talk to you.

0:09.4

And if you like that or would like to hear more about it, go to acquisition.com and you can

0:13.2

play anywhere on the page and talk to one of our team and see if we can help you get there.

0:17.5

Business is different from baseball in that.

0:19.2

Baseball, when you swing for the fences, the most you can ever score is four runs, right?

0:23.7

But in business, every once in a while, when you step up to the plate, if you hit the ball hard enough,

0:27.1

you can score a thousand runs.

0:28.6

If you have a chance of 100 times payoff and you've got a one at a 10 chance of hitting it,

0:34.4

you should take that bet every time.

0:35.9

I think that that's not, it's correct mathematically.

0:39.7

But in practicality, I think there's another sentence that needs to be added to it.

0:43.4

Welcome to the Jim Seagrard's podcast where you talk about how to get more customers,

0:47.1

how to make more customers and how to keep them longer.

0:49.5

And the many failures and lessons that we have learned along the way,

0:52.9

I hope you enjoy and subscribe.

0:55.9

What's going on, everyone?

0:57.9

Happy, I think today's Saturday.

0:59.9

Give you a nice, beautiful lake view.

1:03.9

Very, very pretty out here.

1:05.9

We're in a bearer lake on the quarter of Utah in Idaho.

1:08.9

But recently, I've been spending a lot of time reading.

...

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