Old must die for the new to live... | Ep 107

The Game with Alex Hormozi

Alex Hormozi

How To, Business, Entrepreneurship, Education

4.9 • 4.8K Ratings

🗓️ 21 February 2019

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Learn from the past and keep moving forward. Today, Alex (@AlexHormozi) discusses the importance of embracing change and letting go of old business models to achieve growth and success, even if it means short-term losses. He emphasizes that accepting mistakes and making informed decisions is crucial for personal and business growth.

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:

(0:32) - How to overcome fear and embrace a new business model

(1:43) - Letting the old die for the new to live

(7:51) - Accepting short-term losses for long-term gains

(9:48) - Owning your decisions

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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,
0:10.9	make better products, 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.
0:28.4	So I'm calling this the old must die for the new to live.
0:32.2	And what's up Mel?
0:34.5	It's a concept that I think a lot of people don't grasp when they're trying to grow or change or make
0:39.3	some changes in their business or improve themselves.
0:41.9	And it's a question that I get all the time because for a lot of the gyms that we work with,
0:46.9	we recommend a radical switch in their model, a radical switch in how they train their sessions
0:51.6	and how many sessions they train in terms of their pricing and their packaging
0:55.8	and all of these things that they need to do.
0:57.5	And sometimes even the cost that they pay their trainers.
1:01.0	A lot of these changes obviously come with for the entrepreneurs,
1:04.3	like this huge fear of like, well, what if everything breaks?
1:07.9	What if everything disappears?
1:10.9	First off, when we do these massive changes most of the time,
	...

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