Why Coaches Get So Much HATE | Ep 226

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 4 August 2020

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Would you rather learn from somebody who has already done it, or figure it out yourself? Today, Alex (@AlexHormozi) talks about why an industry that can 4x a person's success, is often hated on, and a few takeaways that directly apply to your business.

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:

(1:27) - Alex shares a conversation he had with his friend about an analysis of coaches and mentors: people who had mentors and coaches experienced four times greater success than the exact same person doing it on their own.

(3:34) - Alex also shares some insights from a book by Robert Aldini about when doing a favor for someone, the perception of a favor in how important and how big it correlates with time

(5:33) - Takeaways about coaching: you can coach about anything, not just business & the more you do favors over time, you develop more Goodwill. Favors also act a lot like information, it’s valuable to the one who receives it

(8:33) - It helps to get the testimonials of those you’ve been helping especially at the moment you’re helping them. These are statements of truth

(9:29) - Whatever the outcome, always be thankful and respectful to the mentors and coaches that helped your growth, especially during the earlier stages of your life

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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	I'll take you 10 seconds or one type of the thumb.
0:23.9	It would mean the absolute world to me.
0:25.2	More importantly, it may change the world of someone else.
0:28.5	People who had mentors and coaches experienced four times greater success
0:35.5	than the exact same person doing it on their own.
0:39.0	Welcome to the game where we talk about how to get more customers, how to make more
0:41.9	customers, how to keep them longer, and the many failures and lessons we have learned
0:45.1	along the way. I hope you enjoy and subscribe.
0:48.1	What's going on, everyone.
0:49.6	I'm happy to say, I hope you guys are rocking and rolling and having an amazing start to your week.
0:54.9	I wanted to talk about coaching. It is something that is highly debated
1:02.8	oddly. You see internet gurus, you see coaches all over the place.
1:10.4	The reason I wanted to talk about this is I think it's a super important topic for a variety of
1:16.5	reasons. One is why is it important? But secondly, why do coaches get so much hate?
1:21.9	I wanted to tell you what the data is. I was having a conversation with Dr. Kashi,
1:28.4	who is a close friend of mine. He was saying that he had just seen a paper that was a mega meta-analysis
	...

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