4.9 • 4.4K Ratings
🗓️ 13 June 2025
⏱️ 13 minutes
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In this throwback episode, Alex (@AlexHormozi) dives into how well-meaning people can give harmful advice, and how to evaluate guidance that may cost you time, money, and momentum.
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 and will learn on his path from $100M to $1B in net worth.
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0:00.0 | A lot of times people have really good intentions and they're not bad people and they give good advice for most people. |
0:06.6 | It just may not be the right advice for you right now. |
0:09.2 | If you're done with something, then be all in about being done with it. |
0:13.6 | When you're making that kind of decision, make the decision in a non-emotional place. |
0:17.4 | And then when you make the decision, go all fucking in and be done with it so that you can look at the opportunity costs. |
0:25.0 | The wealthiest people in the world see business as a game. This podcast, The Game, is my |
0:28.7 | attempt at documenting the lessons I've learned on my way to building acquisition.com into a |
0:32.3 | billion dollar portfolio. My hope is that you use the lessons to grow your business and maybe someday |
0:35.8 | soon, partner with us to get to $100 million and beyond. |
0:38.1 | I hope you share and enjoy. |
0:44.5 | I wanted to talk about good advice from good invention people and bad advice from good people. |
0:50.1 | And I think it's one of the hardest things that you struggle with as an entrepreneur is who do you listen to, right? |
0:53.7 | Where do you get your information from and how can you test whether or not that information is valid or good for you to act on? |
0:59.1 | And so I was talking to a friend earlier this morning who's got six locations and they're trying to, you know, they're thinking about going into licensing and he's kind of going back and forth between selling his six locations, keeping them, keeping one of them, |
1:11.1 | et cetera. And so he was like, what do you do when you sold your six? And what I want to tell you is I actually |
1:15.3 | did what most people would consider in a non-ideal outcome. And so what I mean by that is that I got advice |
1:21.6 | for most people to not do a lot of the things that I've done in my life. And these were people who had very good intentions. And so parents, friends, you know, mentors, things like that. And so, but the decisions that we ended up |
1:32.1 | making ended up being the right decision for us. And so, like, for example, when I had the |
1:36.4 | gyms that I had, I actually sold five of them and closed down one of them, right? And I could have |
1:41.1 | sold all of them, and I could have probably bundled them together, |
1:44.5 | and I could have gotten a broker and probably sold for probably three or four times the amount |
1:47.8 | that I did. But I'm a big believer in, so I talked yesterday about opportunities and threats. |
... |
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