Time Horizons | Ep 374

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 10 March 2022

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Your time matters. Today, Alex (@AlexHormozi) talks about the different thoughts and frameworks that worked for him in his entrepreneurial journey, how these lessons can be applied to marketing, employees, relationships, and health, and how continuous improvement is the name of the game.

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:

(1:09) - Rich people sell…Wealthy people hold. Wealthy aim for long-term goals while rich people aim for short-term goals

(4:27) - Marketing: we want to get people to buy so that we can figure out how to continuously improve the product, not just sell.

(10:30) - Employees: be patient when it comes to the hiring process. Find people who are more skilled than you, who will contribute to the growth of the business, and not just say they’re “good enough” to get

(14:42) - Relationships with others: Look for relationships that are fruitful rather than convenient. You want to choose people in your life that will be there for the long-run

(17:57) - Health: if it’s a diet or lifestyle you are not willing to commit to for ten years and more, then that’s not one for you. Don’t do something that isn’t “forever”

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Transcript

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0:00.0	Mozination real quick, if you are a business owner that has a big old business and wants to get to a much bigger business,
0:06.1	going to $50, $100,000 plus we would love to talk to you.
0:09.5	And if you like that or would like to hear more about it, go to acquisition.com and you can plan anywhere on the page
0:14.3	and talk to one of our team and see if we can help you get there.
0:17.6	The idea that you might have heard on my Grand Cardone interview is,
0:20.7	Rich People Sell, Wealthy People, Hold.
0:24.9	Welcome to the game where we talk about how to get more customers, how to make more per customer,
0:28.5	and how to keep them longer, and the many failures and lessons we have learned along the way.
0:31.8	I hope you enjoy and subscribe.
0:35.0	In today's video, I want to talk to you about why the rich get richer and the real reason why I did it is probably not what you think.
0:40.8	And this was a video that was requested by my Instagram following it and asked me anything in my YouTube producer.
0:49.4	It was like, hey man, I think one of the biggest things that's shifted since I've been working with you is just like
0:54.2	your concepts on time horizon.
0:55.7	And so what I wanted to do is share some of the thoughts and frameworks that have worked well for me and
1:01.5	apply them in three or four different kind of scenarios.
1:04.3	And so right off the bat, I think from a money perspective, the idea that you might have heard on my Grand Cardone interview is,
1:10.7	Rich People Sell, Wealthy People, Hold.
1:13.4	And more specifically, Wealthy People Buy and Build.
1:17.5	And the difference is that when you sell, you inherently shrink or you're kind of switching
1:22.1	through an inefficient vehicle because you get taxed on a sale.
1:25.8	And so you have to switch your equity for another version of something that you can make money on.
1:31.0	Whereas when you buy and build, you can consistently expand.
	...

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