Alex Hormozi on Mastering Sales, Making Your First Million & Overcoming Mediocrity EP 1296

The School of Greatness

Lewis Howes

Entrepreneurship, Fitness, Inspiration, Greatness, Health, Money, Celebrity Interview, Self Care, Celebrity, Success, Mental Health, Relationships, Mindset, Health & Fitness, Education, Alternative Health, Business, Self-improvement

4.8 • 21.6K Ratings

🗓️ 22 July 2022

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

Alex Hormozi is a first generation Iranian-American entrepreneur, investor, and philanthropist. In 2013, he started his first brick & mortar business, successfully scaling his business to six locations in three years. From there, he spent two years turning 32+ brick & mortar businesses around using the same model that made his privately owned locations successful. In total, He has scaled and exited 7 companies. His most notable exit was his majority sale of his licensing company for $46.2M in 2021. Concurrently in 2020, he transitioned from CEO to the owner/shareholder position in these companies and founded Acquisition.com as a way to invest his own wealth (both monetary and intellectual capital) into other businesses. Buy his book: $100M Offers: How To Make Offers So Good People Feel Stupid Saying No In this episode, you will learn:The single most significant differentiator of rich and poorHow to sell someone who has no reason to sign up and enroll them in your purpose The importance of respect in a healthy marriageThe main mistake most people make with sales For more, go to: lewishowes.com/1296 Alex's previous episode:https://link.chtbl.com/1278-pod The Biggest Lies You've Been Told About Money, Debt & Building Wealth w/ Jaspreet Singh (Minority Mindset): https://link.chtbl.com/1257-pod Scooter Braun On Healing Past Trauma, Building A Business Empire & Finding Peace: https://link.chtbl.com/1244-pod

Transcript

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0:00.0	You mentioned you'd always created something from a lack. Yeah, but now it sounds like there's a different intention for why you're building something
0:07.2	What happens when people shift their intention? Yeah from scarcity lack mindset to
0:13.8	Growth impact service whatever it might be that you're coming from
0:18.6	Welcome to the school of greatness. My name is Lewis Howe's a former pro athlete turned lifestyle entrepreneur and each week
0:26.8	We bring you an inspiring person or message to help you discover how to unlock your inner greatness
0:33.8	Thanks for spending some time with me today now let the class begin
0:41.7	What happens when people shift their intention yeah from scarcity lack mindset to
0:47.9	Growth impact service whatever it might be that you're coming from I'm so excited for this question
0:52.0	So I think the biggest thing that changes is time horizon
0:54.8	Time horizon what is time horizon and I think the single greatest differentiator between the poor and the middle class middle class and rich
1:03.3	Rich and the truly wealthy is how they see time and if you think about money as simply a condensed unit of time
1:10.5	Right, that's all money is like you trade it for time
1:12.8	I mean you can trade time for money. So like it is thermos equivalent units and
1:16.9	The people who know how to master their time the most mean that they know how to master their money the most right and so
1:22.0	Really if you want to master to the original question of like how do wealthy people come off these because they master their time and so
1:28.7	Time horizon is just like the perspective from which we see what we want to achieve and so if I am doing if I'm building a company from the place of like
1:37.4	I believe that this company should exist. I believe this problem is worth solving and
1:43.0	That is where you start it from then you build it differently versus versus I need to make money
1:48.5	I need to make money this week
1:49.8	I need to make money tomorrow because what kind of go make money with exactly and so I think like I mean you've built this amazing brand here
1:56.1	If if people were able to
1:59.1	Not ask for 12 months and just serve dude. This is what I did when I launched this because I literally sold another company
	...

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