The Game with Alex Hormozi How To Make More Money by Taking More Risk | Ep 775
40 snips
Oct 11, 2024 Dive into the fascinating dynamics of risk and reward in business. Discover how understanding compensation can unlock financial success. Emphasize the importance of embracing risk for greater profits. Explore key strategies for negotiating effectively and maximizing your income potential.
AI Snips
Chapters
Transcript
Episode notes
Risk Trumps All
- Compensation isn't solely determined by value, negotiation, or market dynamics.
- Risk significantly influences how much you earn, potentially outweighing other factors.
The Marketer Dilemma
- Alex Hormozi needed a high-level marketer and interviewed people willing to close their businesses for the role.
- They requested compensation matching their business income, but Alex felt it wasn't right, leading to his insight on risk.
Risk and Business Ownership
- Leaving a business to work for another eliminates the risk you were compensated for as an owner.
- Expecting equal or higher pay without the same risk is illogical.