The most expensive thing that's costing you the most money in your business right now is ignorance. At acquisition.com, my private equity firm, we talk to 600 entrepreneurs doing over a million dollars a year every single month. We've developed kind of a rubric or framework for how we analyze the skill of an entrepreneur. And so what I'm going to do today is break down how you can think through yourself as an entrepreneur.
“The hardest thing to know is what you don't know.” Today, Alex (@AlexHormozi) talks about the four frameworks he and his company use to analyze the skill of an entrepreneur and how these frameworks tell them how good of an entrepreneur the person is and how much we're willing to bet on the fact that they're gonna be successful.
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:
(2:32) - 1st Trait: Surround yourself with people wealthier than you
(3:46) - 2nd Trait: Pay to learn and develop your skills
(6:28) - 3rd Trait: Get people to do other tasks for you
(8:55) - 4th Trait: Be in an environment where you can prove your skill
(11:07) - Assess which trait you’re lacking in & work on it
(12:03) - Ignorance & 2 ways to figure out what’s possible
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