UNDERSTANDING REAL COSTS, OPPORTUNITY COSTS, AND REAL BENEFIT* DAILY CASH FLOW VS PROJECTED (and how to turn what you want into what you got). | Ep 42

The Game with Alex Hormozi

Alex Hormozi

How To, Business, Entrepreneurship, Education

4.9 • 4.8K Ratings

🗓️ 2 May 2018

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

"It's just a question of distraction versus focusing on the thing that makes you money." Today, Alex (@AlexHormozi) discusses the factors behind the decision to turn down a $50,000 offer. He breaks down the real and opportunity costs of time and how they relate to valuing one's time and making efficient business decisions.

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:

(0:50) - Better explanations help more people.

(3:27) - Costs of accepting offer: real and opportunity.

(4:01) - Less efficient time use, need for customization.

(5:07) - Generating more income from main business focus.

(6:40) - Considering real income, projected income, market valuation.

(7:14) - Distraction vs. focus on revenue-generating business.

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Transcript

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0:00.0	Hey guys, love that you're listening to the podcast.
0:02.4	If you ever want to have the video version of this,
0:05.3	which usually has more effects, more visuals, more graphs,
0:07.8	you know, drawn out stuff,
0:09.2	sometimes it can help hit the brain centers in different ways.
0:12.4	You can check out my YouTube channel.
0:13.4	It's absolutely free.
0:14.6	Go check that out if that's what you are into.
0:16.2	And if not, keep enjoying the show.
0:18.7	Alistair, what is up?
0:20.8	Okay, so I'm, I'm gonna make this video
0:24.5	specifically for my man, Alistair,
0:26.6	because he was kind enough to drop a comment
0:29.5	about kind of not, I don't wanna say understanding,
0:32.4	but like being like, you're a crazy person.
0:35.0	Why would you turn down this much money?
0:36.2	And I'm sorry about the glare, I tried to fix it.
0:38.6	And then I just got really frustrated.
0:39.9	So here we are.
0:41.5	So I was just like, I just don't get it.
0:45.3	That makes no sense.
0:46.2	Like this seems to be true.
	...

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