This Isn't Fun But it Will Make You So Much Money | Ep 725

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 17 June 2024

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

"You can't be busy and be broke. Pick one." Today, Alex (@AlexHormozi) speaks about one of the core ways to scale as a small business - do the unscalable. It's a belief that holds many back that are scared of doing work that won't be feasible at a different revenue number.

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:

(0:43) - People being scared of doing the scalable

(4:06) - You can't be busy and be broke. Pick one

(4:40) - Two most powerful questions to ask your customers

(11:30) - Don't copy the time management of rich people

(13:30) - Doing the unscalable

(20:13) - Closing remarks

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Transcript

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0:00.0	What I'm going to talk about in this podcast is not fun, but it's going to make you a lot of money,
0:04.3	and it's probably the number one reason that you are not doubling down on the biggest strategic
0:09.3	advantage most small businesses have.
0:11.3	And I'm going to explain why so many of you
0:13.5	are leaving massive amounts of money
0:15.6	on the table right now
0:16.7	and not using your single largest competitive advantage.
0:20.1	And these lessons have come hard-earned from years in business.
0:24.4	I've founded and exited nine businesses, my last one at 46.2 million bucks.
0:29.8	Our current portfolio is over $200 million a year, and I make these videos so that you can make money.
0:34.8	I remember when I was in weight loss, I would have a lady who would walk in, and she would say something
0:41.0	like, hey, I don't want to lose too much weight, right?
0:44.4	Or I'd have a guy, and this is probably the more common one, they'd say, well, I don't want to get,
0:48.1	I don't want to look like you.
0:49.2	Like, and I'm like, don't worry, you never will.
0:51.2	But the point is, is they would look at me and say I don't
0:55.6	want to get bulky like you you have too much muscle I don't think that looks good
0:59.5	and I'm like you know you're not going to wake up tomorrow and just be jacked
1:02.4	as shit and have trained for 20 years right you're not going to wake up tomorrow and just be jacked as shit and have trained for 20 years, right?
1:04.4	It's not going to happen.
1:05.4	There's going to be a million days in between and at any point you can say,
1:08.2	I'm just going to stop here.
	...

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