4.9 • 4.4K Ratings
🗓️ 16 November 2023
⏱️ 21 minutes
🧾️ Download transcript
(This episode is a re-run. Original airdate was on March 10, 2022)
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 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:
(2:16) - Difference between infinite and finite games
(6:39) - Advantages of longer time horizon in audience building
(9:56) - Applying time horizon concept to employees and hiring
(12:25) - Importance of bringing in smarter and better people
(15:20) - Trading fear for fulfillment and long-term gain
(16:25) - Pruning relationships and removing growth detractors
(18:40) - Finding enjoyment and prioritizing consistency
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Click on a timestamp to play from that location
0:00.0 | Every level of entrepreneurship is a new way of learning how to give up control. |
0:04.5 | Because you cannot want both freedom and control. |
0:07.3 | Think about it. |
0:07.9 | If you control everything, then it means everything requires you, which means you are not free. |
0:11.3 | The wealthiest people in the world. requires you, which means you are not free. |
0:14.1 | The wealthiest people in the world see business as a game. |
0:16.4 | This podcast, The Game, is my attempt at documenting the lessons I've learned on my way to building |
0:19.8 | acquisition.com into a billion dollar portfolio. |
0:22.4 | My hope is that you use the lessons to |
0:23.5 | growing your business and maybe someday soon partner with us to get to a |
0:25.8 | hundred million dollars and beyond. I hope you share and enjoy. |
0:29.8 | I want to talk to you about why the rich get richer and the real reason behind it is probably not what you think. |
0:39.0 | And this was requested by my Instagram, following it and ask me anything and my my YouTube producer was like hey man I think |
0:46.7 | One of the biggest things that's shifted since I've been working with you is just like your concepts on time horizon |
0:51.7 | And so what I wanted to do is kind of share some of the thoughts and frameworks that have worked |
0:55.8 | well for me and apply them in three or four different kind of scenarios. |
1:00.1 | And so right off the bat, I think from a money perspective, the idea that you might have heard of is, |
1:04.4 | rich people sell, wealthy people hold, and more specifically, wealthy people buy and build. |
1:10.8 | And the difference is that when you sell sell you inherently shrink or you're kind of |
1:14.4 | switching through an inefficient vehicle because you get taxed on a sale right and so you have to |
1:19.6 | switch your equity for another version of something right right, that you can make money on. |
1:23.6 | Whereas when you buy and build, you can consistently expand. |
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