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The Game with Alex Hormozi

The 3 Evil "E's" Entrepreneurs Make | Ep 509

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.94.4K Ratings

🗓️ 9 March 2023

⏱️ 15 minutes

🧾️ Download transcript

Summary

(This episode is a re-run. Original airdate was May 11, 2021)

Growth will pay the expenses. Today, Alex (@AlexHormozi) talks about the three evil “E’s” in entrepreneurship, how each evil affects you, and advises on what you can do to avoid them! Be careful, for they might just be in front of you without realizing it!

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:

(1:27) - The 1st evil “E” of entrepreneurship is Expectations

(3:26) - The 2nd evil “E” is Emotions 

(8:39) - The 3rd evil “E” is Expenses 

(12:30) - The evilest of the E’s and what to do to avoid them

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Transcript

Click on a timestamp to play from that location

0:00.0

Hey guys, love that you're listening to the podcast. If you ever want to have the video version

0:04.8

of this, which usually has more effects, more visuals, more graphs, you know, drawn out stuff,

0:09.2

sometimes it can help hit the brain centers in different ways. You can check on my YouTube channel.

0:13.3

It's absolutely free. Go check that out if that's what you are into. And if not, keep enjoying the show.

0:18.4

The biggest mistakes that are made stem from these three evil ease.

0:23.0

Welcome to the game where we talk about how to get more customers, how to make more

0:25.9

requests and how to keep them longer in the many failures and lessons we have learned along the way.

0:29.7

I hope you enjoy and subscribe. What's going on? It's Alex Mosie, CEO of Allen prestige labs,

0:36.0

gym launch. We've done $120 million in sales in the last four years. And I have nothing to sell you.

0:42.0

And so today, what I want to talk about is the three entrepreneurial evil ease or of entrepreneurship.

0:48.9

All right. So these are the three kind of ease that I see over and over again from the entrepreneurs

0:53.5

that we work with directly in our portfolio companies. But also in the entrepreneurs that I talk to

0:58.4

in general, the biggest mistakes that are made stem from these three evil ease. And so what I'm

1:03.9

going to do is I'm going to walk through all three of them. I'll tell you an easy way to try and at

1:08.3

least attenuate the mistakes that you can make from them. And then at the end, I'll show you the one

1:12.8

that I think is actually the most evil of them all. All right. So the first E is expectations. All right.

1:21.1

And the reason that this one is so evil is that most of the time, us entrepreneurs, we think that

1:28.0

everything has to happen immediately. Right. I had an entrepreneur not that long ago reach out to me and say,

1:32.2

hey, how can, you know, if we work together, how can you guarantee that I'm going to get to a million

1:37.6

dollars a month within the next six months? And they were currently, I think, doing $100,000 a month.

1:44.1

And that kind of expectation and mindset is literally what will destroy you in business.

1:51.5

Because what happens is you set these arbitrary, because all goals are arbitrary for the most part,

...

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