My Process For Making Huge Decisions | Ep 536

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 11 May 2023

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

(This episode is a re-run. Original airdate was December 9, 2021)

Mistakes love rushed decisions. Today, Alex (@AlexHormozi) talks about his decision-making framework process, how rational decisions are incredibly convenient, and how each decision we make affects almost every aspect of our lives.

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:

(3:23) - Brain chemistry affects decisions; we are emotional decision-makers.

(4:33) - Fight confirmation and conviction biases.

(6:34) - Rest and eat before making decisions.

(8:12) - Get space from day-to-day activities.

(9:12) - Make rational decisions by not caring about the outcome.

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Transcript

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0:00.0	Most of the nation real quick, if you are a business owner that has a big old business and wants to get to a much bigger business,
0:06.1	going to $50, $100,000 plus we would love to talk to you.
0:09.5	And if you like that or would like to hear more about it, go to acquisition.com and you can plan anywhere on the page
0:14.3	and talk to one of our team and see if we can help you get there.
0:17.5	What we're doing here is we're trying to decrease the anxieties and the stressors and the noise
0:24.0	that normally will confound the decision making process because they'll start triggering emotions
0:28.8	that will then force you to start finding and nitpicking different data points to then make a supposedly rational decision that is wrong.
0:35.8	The wealthiest people in the world see business as a game.
0:40.8	This podcast, the game, is my attempt at documenting the lessons I've learned on my way to building hackquisition.com into a billion dollar portfolio.
0:46.8	My hope is that you use the lessons to bring your business and maybe someday soon partner with us to get $200 million in beyond.
0:50.8	I hope you share and enjoy.
0:52.8	I've had to make a number of decisions that had a nine-figure ramification on my personal net worth.
1:03.8	And what I want to walk you through is the actual decision making framework or process that I use to create those.
1:09.8	So one of the important things that we have in our lives are our decisions.
1:13.8	And one of the things that I live by is that we're one decision away from changing our life forever.
1:17.8	One decision away from drinking and getting killed in a car accident.
1:20.8	You're one decision away from cheating under spouse and destroying your marriage.
1:24.8	You're one terrible comment away from destroying your child.
1:27.8	And you're also one decision away from destroying your business if you so chose.
1:30.8	So decisions are the wellspring of life or at least the train track splits of where we're going to end up.
1:38.8	And so learning to make the decisions is an important concept.
1:41.8	But believe it or not, for this video, what I want to focus on is actually the environment under which to make the decision.
	...

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