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The Shift from Business to Investing (on the Founder Podcast) Pt.2 - July ‘23 | Ep 607

The Game with Alex Hormozi

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The Importance of Admitting Weaknesses and Realistic Expectations

This chapter discusses the importance of business owners admitting their weaknesses and having realistic expectations. It emphasizes the downfall of self-deception and micromanagement, and highlights the need for sharing the business to achieve greater success. The chapter also addresses the unrealistic valuation expectations of small businesses and explains the concept of median trading value and the role of seller financing.

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