The Diary Of A CEO with Steven Bartlett

The Man That Makes Millionaires: Turn $100 to $10k With This Step By Step Formula & Build An Audience From 0 Followers! Alex Hormozi

11713 snips
Feb 13, 2025
Alex Hormozi, an Iranian-American entrepreneur and founder of Acquisition.com, shares invaluable insights on entrepreneurship. He reveals the major business myths holding many back and lays out a proven formula to turn $1,000 into $100 million. Hormozi discusses how to build an audience from scratch, the crucial mindset shifts needed to escape the 9-to-5 grind, and what first-time founders should know about hiring. He also emphasizes the importance of emotional resilience and the art of meaningful leadership in fostering successful teams.
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Quitting for Entrepreneurship

  • Alex Hormozi quit his well-paying job despite his father's disapproval, driving halfway across the country before informing him.
  • He accepted the risk of straining their relationship to pursue entrepreneurship.
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Overcoming the Fear of Quitting

  • Alex Hormozi initially feared quitting his job, but realized the worst-case scenario wasn't that bad.
  • He reframed failure as a compelling story, making the risk seem smaller.
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Framework for Quitting

  • Save 3-6 months of living expenses before quitting your job to start a business.
  • Demonstrate consistent side income that matches or exceeds your current salary.
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