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The Game with Alex Hormozi

Bad Advice from Good People | Ep 153

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.94.4K Ratings

🗓️ 26 September 2019

⏱️ 12 minutes

🧾️ Download transcript

Summary

Welcome to The Gym Secrets Podcast where you can listen in on the Top 1% of Gym Owners to hear the secrets of what they are doing differently to get more customers, make more profit per customer, keep them longer, and do it all without sacrificing their personal lives. We've got roll up your sleeves kind of hustle with a little bit of cleverness and a lot of heart. We are 1% of gym owners and this is our podcast. Hosted by Alex Hormozi.

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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. There you go, everyone. We're having an awesome start to you

0:29.0

or Thursday. I'm here at the Hormuzzi Lair taking a quick morning dip to clear my head because

0:38.0

that is what I've been trying to work on as a show up at Eras Leader. So anyways, I was feeling this,

0:41.8

I wanted to bring it up to you guys. So I wanted to talk about good advice from good invention people

0:48.3

and bad advice from good people. And I think it's one of the hardest things that you struggle with

0:52.1

as an entrepreneur is who do you listen to, right? Where do you get your information from and how can

0:55.6

you test whether or not that information is valid or good for you to act on? And so I was talking to

1:01.2

a friend earlier this morning who's got six locations and they're trying to, you know,

1:04.6

they're thinking about going into licensing and he's kind of going back and forth between selling

1:11.1

his six locations, keeping them, keeping one of them, et cetera. And so he was like, what do you do

1:14.4

when you sold your sticks? And what I wanted to tell you is I actually did what most people would

1:18.3

consider in a non-ideal outcome. And so what I mean by that is that I got advice from most people to

1:24.5

not do a lot of the things that I've done in my life. And these were people who had very good

1:27.6

intentions. And so parents, friends, you know, mentors, things like that. And so, but the decisions

1:34.6

that we ended up making ended up being the right decision for us. And so like for example,

1:39.3

when I had the gyms that I had, I actually sold five of them and closed down one of them, right? And I

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