One of the Biggest Mistakes I See Entrepreneurs Make | Ep 432
The Game with Alex Hormozi
Alex Hormozi
4.9 • 4.8K Ratings
🗓️ 8 September 2022
⏱️ 10 minutes
🧾️ Download transcript
Summary
Don’t bite off more than you can chew. Today, Alex (@AlexHormozi) discusses a common mistake that entrepreneurs do when it comes to taking on more opportunities than they can handle, the parallel between lifting weights and doing business, and why focusing on one thing at a time will give you the best results than dipping your feet into many ponds at the same time.
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:
(1:31) - Business complexity: Like lifting weights, scaling often lies in simplicity.
(3:07) - Avoid mistakes: Choose challenges that match your capabilities.
(4:46) - Story: Offering many services harms more than benefits.
(6:43) - Mistake: Attempting to solve growth by diversifying distracts from core.
(8:12) - Learn from mistakes, focus on one thing at a time.
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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, |
| 0:02.8 | somebody probably tweeted it, told you about it, |
| 0:05.2 | shared it on Instagram, or something like that. |
| 0:07.4 | The only way this grows is through word of mouth. |
| 0:09.8 | And so I don't run ads, I don't do sponsorships, |
| 0:12.2 | I don't sell anything. |
| 0:13.2 | My only ask is that you continue to pay it forward, |
| 0:15.5 | do whoever showed you or however you found out about this podcast |
| 0:18.0 | that you do the exact same thing. |
| 0:19.5 | So if it was a review, if it was a post, |
| 0:21.9 | if you do that, it would mean the world to me |
| 0:23.3 | and you'll throw some good comment out there for another entrepreneur. |
| 0:25.5 | The biggest mistake that I see entrepreneurs, |
| 0:27.6 | who are at, you know, 2 million, 3 million, 5 million, |
| 0:29.6 | is that they are trying to solve their business growth problem |
| 0:32.9 | by just coming out with thing after thing after thing after thing for that audience |
| 0:36.9 | rather than thinking, maybe I should expand my audience. |
| 0:41.6 | The wealthiest people in the world see business as a game. |
| 0:43.9 | This podcast, the game, is my attempt at documenting the lessons I've learned |
| 0:46.8 | on my way to building acquisition.com into a billion dollar portfolio. |
| 0:50.0 | My hope is that you use the lessons to grow your business |
| 0:51.8 | and maybe someday soon partner with us to get $200 million in beyond. |
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