The Entrepreneurial Journey | Ep 705

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 1 May 2024

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

“It is always uncomfortable because the thing that you are now holding onto is the thing that you have to give up.” Today, Alex (@AlexHormozi) shares valuable insights on managing the delicate balance between control and delegation in the entrepreneurial journey, drawn from his experience of scaling acquisition.com to a billion-dollar portfolio. He focuses on the importance of understanding your business's intricacies and overcoming trust issues to embrace delegation, crucial for achieving significant business growth and personal freedom.

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:

(0:38) - Navigating control in the entrepreneurial journey

(1:14) - The shift from complete control to delegation

(2:04) - Scaling your business by buying back time

(3:11) - Understanding your identity and control in business growth

(7:04) - The ultimate rule of thumb for entrepreneurs

(8:54) - Overcoming personal barriers to success

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(This episode is a re-run. Original airdate was on April 19, 2021)

Transcript

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0:00.0	How far away do you get when you relinquish control?
0:02.5	Because the thing is, is you relinquish control,
0:04.1	but you still take full accountability
0:05.7	and responsibility for the results.
0:07.6	That's what's wild.
0:08.9	Is that you have to say, I'm going to give this over to you,
0:11.8	I'm losing control, and yet I'm still responsible.
0:14.3	That'll trip you up.
0:18.3	The wealthiest people in the world see business as a game. This podcast the game is
0:21.5	my attempt at documenting the lessons I've learned on my way to building
0:24.0	acquisition.com into a billion dollar portfolio.
0:26.6	My hope is that you use the lessons to grow your business and maybe someday soon, partner
0:29.4	with us to get to a hundred million dollars and beyond.
0:31.1	I hope you share and enjoy. What's going on everyone? I want to talk about the entrepreneurial journey as it relates to
0:40.9	control and the reason I think this is so important,
0:44.0	this is probably the biggest reason that people get stuck.
0:46.0	All right, and so at the end,
0:47.0	so what I'm going to do here is I'm going to explain kind of how
0:49.0	control shifts throughout the entrepreneurial journey,
0:51.0	where people get stuck,
0:52.0	and I'll tell you basically
0:54.1	the most valuable rule of thumb that I've learned in scaling our companies.
	...

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