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The Game with Alex Hormozi

How To Get Ahead of 99% of Entrepreneurs | Ep 583

The Game with Alex Hormozi

Alex Hormozi

How To, Business, Entrepreneurship, Education

4.94.8K Ratings

🗓️ 5 September 2023

⏱️ 57 minutes

🧾️ Download transcript

Summary

Watch the YouTube version of this episode HERE

"Being a skilled entrepreneur is a big bucket for hundreds of smaller skills underneath of it.” Today, Alex (@AlexHormozi) discusses how to get ahead of 99% of entrepreneurs by focusing on leverage and maximizing skills and beliefs. He explains the four types of leverage - collaboration, capital, code, and content - and shares his personal experience of transitioning between industries to find higher leverage opportunities.

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:

(0:49) - Importance of skilled and belief-driven entrepreneur

(9:16) - Transition from gyms to done-for-you model

(11:26) - Understanding leverage and its impact on success

(13:27) - Four types of leverage: collaboration, capital, code, content

(18:37) - Time's impact on business growth

(21:18) - Skills for collaboration, capital raising, content creation, coding

(26:17) - Challenges and benefits of switching industries

(37:40) - Invest in skills, adjust living expenses

(40:18) - Transitioning skills into reality

(48:40) - Value of service businesses and continuous learning

Follow Alex Hormozi’s Socials:

LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition

Transcript

Click on a timestamp to play from that location

0:00.0

Real quick, you guys already know that I don't run any ads on this, and I don't sell anything,

0:04.5

and so the only ask that I can ever have are you guys that you help me spread the words,

0:07.7

we can not more entrepreneurs, make more money, feed their families, make better products,

0:11.9

and have better experiences for their employees and customers.

0:14.9

And the only way we do that is if you can rate and review and share this podcast.

0:19.4

So the single thing that I have to do is you can just leave review,

0:21.9

but take you 10 seconds or one type of the thumb, it would mean the absolute world to me,

0:25.2

and more importantly, it may change the world of someone else.

0:28.4

This is where most people stop, and this is why they don't win.

0:31.6

It transitions into one of my most used sayings to myself, I don't say a lot out loud,

0:36.0

but to myself. It's like, I won't do my best, I'll do what's required.

0:39.8

And so right now, what is required for you to win or get a job or get the skill

0:43.8

might be better than your best, and so it just means that your best just needs to get better.

0:50.8

Welcome to the game where we talk about how to sell more stuff to more people in more ways

0:54.2

and build businesses worth owning.

0:55.9

I'm trying to build a billion dollar thing with acquisition.com.

0:58.5

I always wish bases, musk and buffet had documented their journey,

1:01.4

so I'm doing it for the rest of us.

1:02.7

Please share and enjoy.

1:06.1

One in every 250 businesses does over $10 million a year in sales,

1:09.6

and that means that 99% of entrepreneurs never hit it.

1:12.8

Every business that I've started since I was 25 has crossed 10 million B2B services with

...

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