My Worst Mistake | Ep 270

The Game with Alex Hormozi

Alex Hormozi

Business, Education, How To, Entrepreneurship

4.9 • 4.8K Ratings

🗓️ 22 January 2021

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Sometimes, it’s not always about trying to conquer. Today, Alex (@AlexHormozi) takes us back to when he made one of the biggest mistakes in his entrepreneurial career and really shares the “losses” rather than always hearing the “wins” in order to give us more perspective about the industry.

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:

(0:53) - Mistakes break you more than wins; Alex's company struggled with churn.

(2:56) - Idea of "more for less" cost Alex millions.

(4:46) - 3 Moral lessons: prices, raise prices, understand benchmarks and solutions.

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Transcript

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0:00.0	Real quick, you guys already know that I don't run any ads on this and I don't sell anything.
0:04.6	The only ask that I can ever have are you guys that you help me spread the words.
0:07.8	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	The only way we do that is if you can rate and review and share this podcast.
0:19.4	The single thing that I have to do is leave review.
0:21.9	I'll take you 10 seconds or one type of the thumb.
0:23.9	It would mean the absolute world to me.
0:25.2	More importantly, it may change the world of someone else.
0:28.2	I personally have made a lot more mistakes than I have correct choices.
0:33.2	Welcome to the game where we talk about how to get more customers,
0:35.5	how to make more per customer, how to keep them longer,
0:37.5	and the many failures and lessons we have learned along the way.
0:40.0	I hope you enjoy and subscribe.
0:42.2	What's going on, everyone?
0:43.9	I wanted to talk about one of the biggest mistakes of my entrepreneurial career.
0:52.0	I'm going to try and talk about more of these because I think a lot of times we only hear about
0:57.2	the wins and not about the losses. Most of us have been in the game.
1:00.8	A while will tell you, you'll make way more, or I personally have made a lot more mistakes than
1:07.6	I have correct choices. Before I dive into that, the longer I've been in this, the more I've
1:15.3	adopted a single belief that I've inherited from people smarter than me that make more money than me.
1:22.0	Your mistakes will break you more than your wins will take you.
	...

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