Exploring the speaker's entrepreneurial journey, the chapter delves into the significance of learning from failures, leaving a secure job for entrepreneurship, and the debate between having a plan B versus building contingency plans. Reflecting on personal experiences and strategies, the speaker touches on the value of selling skills and the mental challenges of stepping into the unknown world of business.
"The questions you ask dictate the problems you'll solve," Today, Alex (@AlexHormozi) talks about the importance of learning from past mistakes, strategic thinking, and leveraging skills to succeed, including starting ventures without initial capital. The discussion revolves around resilience, innovation, and the power of asking the right questions, leading to the ambitious goal of building a billion-dollar enterprise.
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:
(0:56) - Having a Plan B is beneficial due to unknowns.
(3:47) - Learning from loss: the art of bouncing back
(8:07) - Building businesses with skills, not capital
(14:17) - The philosophy of cashflow positive businesses
(15:29) - Creative problem solving and entrepreneurial questions
Follow Alex Hormozi’s Socials:
LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition
(This episode is a re-run. Original airdate was on October 25, 2022)