The Importance of Mindset and Dedication in Entrepreneurship (with Ali Abdaal) Pt.1 - Oct. ‘22 | Ep 534

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 6 May 2023

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

"Everyone knows something.” Today, join Alex (@AlexHormozi) as he guests on Deep Dive with Ali Abdaal to talk about various topics related to entrepreneurship and making money, including pricing strategies, achieving multiple millions, and transitioning from a low-income job to a six-figure income. He also offers advice on how to achieve financial success and stresses the importance of having the right mindset and dedication. This is part 1 of the interview.

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.

Check out the episode on Ali Abdaal’s YouTube Channel!

Timestamps:

(1:39) - Pricing strategies and achieving millions

(8:41) - Transitioning from employee to entrepreneur

(16:16) - Trading time for money to learn & pay down ignorance debt

(29:59) - Benefits of learning vs. earning

(36:31) - Increasing income through skill development

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Transcript

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0:00.0	And so the idea is you start not with the intent of saying this is going to be the one thing
0:03.7	of a refresh my life, which is the fallacy that employees have, that whatever they pick
0:07.3	is going to be the thing they're going to do for the rest of the lives.
0:08.6	When in reality it's, I just have to do a thing that I'm good enough at that I can learn the game,
0:12.1	and the thing is once you start taking steps, the next step becomes illuminated.
0:18.9	Welcome to the game where we talk about how to get more customers, how to make more
0:21.8	percussed, how to keep them longer, and the many failures and lessons we have learned along the way.
0:25.6	I hope you enjoy and subscribe.
0:27.9	Yeah, so thank you so much for taking the time.
0:30.6	This is a conversation I've been looking forward to for a while because I've discovered
0:35.7	your stuff around the time you were blowing up seemingly on all of the social platforms.
0:40.0	And then I came across your book and I listened to it and audible.
0:43.4	And around the same time, all of my friends had also discovered the book.
0:47.4	And they were just like, we were all messing up, oh my god,
0:49.2	have you read a hundred million dollars, it's just absolutely sick, and it's just like
0:52.2	jammed packed with value.
0:53.3	So firstly, thank you for that and for providing that as a 99 cent service to the world broadly.
1:01.5	How did you think about pricing for that book by the way?
1:04.4	I think it's always like what's the, what's probably resolving.
1:06.7	And so for me, the point of the book is not to make money from the book.
1:08.8	The point of the book was to help as many businesses make money.
1:14.1	The PlayFract was in knockhams a very long play, which is just, I believe that there's lots of,
	...

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