The Game with Alex Hormozi Why You Should Document Your Business Mistakes | Ep 731
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Jul 1, 2024 Explore the power of documenting business mistakes to drive growth and learning. The discussion delves into the complexities of entrepreneurial decisions, emphasizing how past failures can pave the way for future successes. Personal anecdotes illustrate the value of accountability and connection in the business journey. Discover innovative techniques like 'Solomon sessions' to derive insights from your future self and learn how patience and reflection are key to effective execution. Transform setbacks into stepping stones for a better business strategy.
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Documenting Mistakes
- Document your business mistakes and successes to avoid repeating errors.
- This creates a "repertoire" for faster, more efficient decision-making.
Understanding "Why"
- Alex Hormozi realized the importance of understanding why things worked, not just that they worked.
- This helps adapt when circumstances change and replicate past wins.
Learning the Right Lessons
- Avoid learning the wrong lessons from mistakes, which is worse than the mistake itself.
- Correctly identifying the why behind failures is key to improvement.
