The amount of money that I make is only proportional to the skill that I have as an entrepreneur period. And so if you start more businesses, you're just going to end up leveling out. It's not the bigger you get better, begetts bigger, not the other way around. If your business cannot run without you, and you're like, no, it can run without me, just because it canrun without you for a day doesn't mean it can running without you. In the first year of whatever you do, learn what makes you better than any other stuff in the rest of playing field.
Take a few steps back, and you won't regret it! Today, Alex (@AlexHormozi) talks about his experience of starting another business was a mistake, the lessons he wishes to impart, and why doing boring work is just as important as making money.
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:
(0:54) - Neighbor creating the same business again: used existing skills & knowledge
(3:07) - Good strategy is knowing what to say “no” to
(4:32) - Can't be CEO of two businesses
(7:31) - Learning from 10+ years of experience is more fruitful
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(This episode is a re-run. Original airdate was October 5, 2021)