When To Start A Business | Ep 313

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 29 June 2021

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Entrepreneurship was never easy. Today, Alex (@AlexHormozi) talks about the roller coaster moments in his life, one of the hardest decisions he had to make, and gives advice on evaluating who you are and where you’re at.

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:

(1:15) - Alex shares his story on the job he was in, his dissatisfaction with his life at that moment, and making the decision to quit

(4:50) - If you need the motivation to stay as an entrepreneur, then the field is not for you. It’s a lonely path

(5:48) - Understanding the long and short-term pay-offs as you go through the entrepreneur’s journey

(10:18) - Entrepreneurship is also the ultimate value investment in yourself. Expect a lot of things to not go your way

(12:21) - You won’t know what you’re doing at first, but constant improvement is a must to succeed in this industry

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Transcript

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0:00.0	Real quick, you guys already know that I don't run any ads on this and I don't sell anything.
0:04.6	The only ask that I can ever have are you guys that you help me spread the words.
0:07.8	We can not more entrepreneurs, make more money, feed their families,
0:10.9	make better products, and have better experiences for their employees and customers.
0:14.9	The only way we do that is if you can rate and review and share this podcast.
0:19.4	The single thing that I have to do is leave review,
0:21.9	take you 10 seconds or one type of the thumb,
0:23.9	it would mean the absolute world to me, and more importantly,
0:26.0	it may change the world of someone else.
0:28.5	Quitting my job was the hardest entrepreneurial decision of my entire life.
0:32.0	So rewind and fully years ago, I was sitting on my balcony, I was 22 years old,
0:37.5	and I was staring out over this condo that I had purchased because of the job that I had paid me well.
0:42.7	And I was looking over the city of Baltimore, and I thought to myself, is this it?
0:47.2	Welcome to the game where we talk about how to get more customers, how to make more
0:50.0	customers, how to keep them longer, and the many failures and lessons we have learned
0:53.2	alone the way. I hope you enjoy and subscribe.
0:56.1	Quitting my job was the hardest entrepreneurial decision of my entire life.
0:59.8	So rewind and fully years ago, I was sitting on my balcony, I was 22 years old,
1:05.3	and I was staring out over this condo that I had purchased because of the job that I had paid me well.
1:10.5	And I was looking over the city of Baltimore, and I thought to myself, is this it?
1:14.4	And this was a rock top and rock bottom moment for me specifically,
1:18.8	because at that time, I had graduated in three years from Vanderbilt,
	...

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