The Importance of Binaries in Decision Making

It’s all about changing the way you think. Today, Alex (@AlexHormozi) shares his thinking frameworks for problem-solving in business. He emphasizes the importance of distinguishing between problems to be solved and dichotomies to be managed, and of thinking in continuums rather than binaries, to achieve more accurate decision-making.

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:

(1:49) - Dichotomy not problem: middle ground between managing/delegating

(3:20) - Misprioritize problems, improve consistent business practices

(5:49) - Binary oversimplification: reality exists on continuums, not yes/no

(9:38) - Dichotomy to be managed vs. problem to be solved

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(This episode is a re-run. Original airdate was September 2, 2021)