The Game with Alex Hormozi Why Creating Another Business Isn't The Answer | Ep 518
21 snips
Mar 30, 2023 Diving into the pitfalls of juggling multiple businesses, the speaker shares insights on the importance of focus in entrepreneurship. Personal anecdotes illustrate why commitment and depth in one area often yield greater success than spreading oneself too thin. Listeners are reminded that doing the 'boring' foundational work is essential for long-term gains. The discussion also highlights the emotional hurdles faced by entrepreneurs, drawing parallels with the dedication seen in elite athletes.
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Trash Man to Cash Man
- Alex Hormozi's neighbor, a former trash man, sold his business for millions.
- Instead of starting something new, he started an identical trash company again, leveraging his existing expertise.
Focus on Your Avatar
- Define your target audience and resist the temptation to cater to everyone.
- Saying no to opportunities outside your focus is crucial for a good strategy.
Stick-to-itiveness
- True growth comes from sticking with a business and developing traits like grit and perseverance, not chasing new ventures.
- Alex Hormozi admits starting a second business while already successful was a mistake, hindering his main business's growth.
