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The Game with Alex Hormozi

Why I Turned Down Two People Who Offered Me $50k For A Single Day Of Coaching/Consulting & How This Will Help You Make More Money At Your Gym... | Ep 41

The Game with Alex Hormozi

Alex Hormozi

How To, Business, Entrepreneurship, Education

4.94.8K Ratings

🗓️ 1 April 2018

⏱️ 8 minutes

🧾️ Download transcript

Summary

"Sometimes you gotta go slow to go fast." Today, Alex (@AlexHormozi) emphasizes the importance of focusing on one thing and doing it well to succeed as an entrepreneur. He recounts a story of turning down high-paying consulting clients to maintain focus on his main business.

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:

(0:49) - Declined clients to focus on own business growth.

(2:41) - Repetition and improvement is our business model.

(3:49) - Focus and mindset contribute to success, avoid distractions.

(4:59) - Your attention is valuable, don't let others take it.

(6:33) - Say no to distractions, focus on end goal.

(7:33) - Concentrate on one location or business for success.

Follow Alex Hormozi’s Socials:

LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition

Transcript

Click on a timestamp to play from that location

0:00.0

Real quick guys, if you can think about how you found this podcast, somebody probably

0:03.8

tweeted it, told you about it, shared it on Instagram, or something like that.

0:07.5

The only way this grows is through word of mouth. And so I don't run ads, I don't do sponsorships,

0:12.2

I don't sell anything. My only ask is that you continue to pay it forward, do whoever showed you,

0:16.4

or however you found out about this podcast that you do the exact same thing. So if it was a review,

0:21.0

if it was a post, if you do that, it would mean the world to me and you'll throw some good comment

0:24.3

out there for another entrepreneur. Hey, what's going on everyone? I'm happy, happy Humpty.

0:29.2

I wanted to make another little video for you because it was on my mind and I thought I was

0:34.1

telling someone else about the story and I figured, I might as well share with you guys.

0:39.9

So some of you guys might know, we were just at the funnelhacking live event,

0:43.6

we were some of the speakers, we were talking about high ticket sales. And we won one of their

0:49.0

words, which is called the Axe Award, which means you did over 10 million in sales, which is

0:55.2

pretty cool. I mean, we were excited about it, but I mean, it's awesome. But the thing that

1:01.8

happened afterwards is where I kind of want to bring the lesson home. So I had a couple of people

1:06.3

after we spoke and we were kind of showcased as kind of a success story type thing.

1:12.4

We were like, hey, could you consult for my business? I'd like to do something like this in my

1:16.2

space, in car factors, in benches, or blah, blah, blah, blah. And people offered to pay us

1:22.8

$50,000 for a single day. You had two people come up and offer that for us to kind of

1:28.5

coach them on their business, help them scale up them, start doing their high ticket, whatever.

1:31.7

Right? And my wife, before I even had a chance to answer the question,

1:39.0

step forward and said, no, we don't do that. And I wanted to kind of highlight why it was

1:44.4

important and why that kind of attitude has helped us grow so fast. And so what happens is you

...

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