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The Game with Alex Hormozi

Why You're Stuck in Your Business | Ep 699

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.94.4K Ratings

🗓️ 17 April 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

“Just because no one has done it doesn't mean it's not possible.” Today, Alex (@AlexHormozi) discusses strategies to overcome market limitations and personal barriers for limitless business growth. He emphasizes the need for a mindset shift, strategic thinking, and a focus on serving more customers to break industry revenue benchmarks and scale beyond perceived ceilings.

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:

(0:58) - The three pillars of business growth: beliefs, traits, and skills

(3:13) - Expanding your vision: the power of belief in business

(4:26) - Traits and skills: the inner workings of success

(7:26) - The path to unprecedented growth

Follow Alex Hormozi’s Socials:

LinkedIn  | Instagram | Facebook | YouTube  | Twitter | Acquisition 

(This episode is a re-run. Original airdate was on October 19, 2021)

Transcript

Click on a timestamp to play from that location

0:00.0

If you're in like the 1% of your marketplace or half a percent of your marketplace,

0:04.1

you haven't capped your market.

0:06.2

You just have capped your skill or your beliefs or your traits.

0:15.0

The wealthiest people in the world see business as a game. This podcast, The Game, is my attempt at documenting the lessons I've learned on my way to building acquisition.

0:20.0

Com into a billion dollar portfolio.

0:22.0

My hope is that you use the lessons to grow

0:23.2

your business and maybe someday soon partner with us to get to a hundred million

0:25.7

dollars and beyond. I hope you share and enjoy.

0:29.4

If you're stuck in your business, then this will help you get unstuck.

0:37.0

So this morning I was reached out to buy a business owner who's doing about one and a half

0:40.0

million dollars a month in revenue and he was like hey man I'm kind of stuck

0:43.1

doing what I'm doing and I just don't know anyone who's in my space who does more than

0:46.4

two million dollars a month and he's in the online marketing space a generalist so

0:51.1

just mass market and I thought that was really interesting and we had a good conversation about it and so I wanted to share what we talked about. And so the first thing is I completely oppose that viewpoint. And I think this is so interesting because the reason we get stuck in our

1:04.1

business is because we either have a belief that is incorrect, there's a

1:07.4

character trait that we lack, or there's a skill deficiency.

1:10.3

We don't know how to do what we need to do. We don't know how to be we don't believe what we need to believe right?

1:14.5

That's what we think about the world. And so whenever I'm looking at a business or business owner or myself and I'm stuck at a certain level I think is this a belief that I'm lacking or that that's wrong? Is it a trait that I have that I need or I need to change or is there a skill? Right? And a lot of times it depends on who you're talking to but you need all three and a lot of people who are just really good at skill development only talk about skills and people who are kind of like a little bit more woo only talk about beliefs, but you need all three right?

1:40.6

And so when I was talking to this guy,

1:42.6

he said, you know, just no one's in the online space

1:45.6

making more than $2 million a month.

1:47.3

And I thought this was interesting

...

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