The Game with Alex Hormozi Don't keep starting from scratch | Ep 329
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Sep 7, 2021 Discover why starting from scratch in business is counterproductive. Embrace growth through refining existing systems instead of chasing novelty. Alex explores the benefits of creating constraints that add excitement to business operations. He emphasizes the importance of time management, suggesting we sacrifice time now to gain more later. Tune in for practical strategies to navigate challenges without jeopardizing your business stability!
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Redefining Growth
- Entrepreneurs desire novelty and challenges, often equating growth with starting something new.
- Redefine growth as developing persistence and consistently improving existing businesses.
The Trash King
- Alex Hormozi's neighbor sold a trash business and, after his non-compete, started another one.
- He leveraged his existing expertise instead of seeking a new, unfamiliar industry.
Innovate, Don't Recreate
- Channel the desire for novelty into creating new front-ends or back-ends for your existing business.
- Experiment with different marketing approaches, target audiences, or product lines within your niche.