Relinquishing Control: The Path to Growth and Success (on The Game Changing Attorney Podcast) Pt. 2 - July ‘23 | Ep 625

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 28 October 2023

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

"You want to own the business, not have the business own you.” Today, join Alex (@AlexHormozi) as he guests on The Game Changing Attorney Podcast with Michael Mogill to discusses the importance of building a good product, relinquishing control as an entrepreneur, and the concept of compounding in business. The conversation also touches on the challenges of ego, the readiness of a product, and the perspective on competition. This is part 2 of the interview.

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.

Check out the episode on The Game Changing Attorney Podcast's YouTube Channel!

Timestamps:

(1:29) - Relinquishing control struggles

(6:10) - Vision for acquisition

(10:21) - Identifying readiness

(13:31) - Small-business competition fixation

(17:31) - AI discussion

(19:48) - Traits vs skills

(22:39) - Motivation beyond money

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Transcript

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0:00.0	You're not going to build like the massive, massive fortune,
0:03.0	unless the thing you sell is good.
0:04.8	And so what happens is most entrepreneurs
0:06.2	are promotional, promote too soon,
0:08.7	and then they have to fight this uphill battle
0:10.4	for the rest of their existence.
0:15.3	Welcome to the game where we talk about how to get more customers,
0:17.5	how to make more per customer, and how to keep them longer,
0:19.5	and the many failures and lessons we have learned
0:21.3	along the way.
0:22.2	I hope you enjoy and subscribe.
0:25.6	Are there particular things that you see me just even looking
0:28.3	at an entrepreneur's calendar where you're like,
0:29.8	okay, with that, you can tell right away, okay,
0:31.6	this is not optimized or the focus isn't in the right place.
0:35.0	Like what types of things stick out?
0:37.2	Well, the single commentary that every entrepreneur has to get
0:40.6	over time is really pushing control.
0:44.0	So entrepreneurship is a continual giving up of control
0:46.7	at all levels.
0:47.8	And so whatever they're doing is usually the thing that they need
0:50.6	to be able to give up and transfer to somebody else
	...

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