Starting a Business Will Lose You Friends... And That's Ok | Ep 745
Aug 5, 2024
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Starting a business often means navigating the 'lonely chapter' where friendships may fade. The discussion highlights the importance of prioritizing personal goals over superficial relationships. Investing in joy and valuing personal growth is key, even if it involves financial sacrifices. Living below one's means can enhance business potential, while traits like courage and perseverance drive success. Negative feedback from old peers is reframed as a sign of progress—an essential part of the entrepreneurial journey.
Embracing the loneliness that comes with pursuing personal goals is essential for growth and skill acquisition despite lost friendships.
Surrounding oneself with ambitious individuals is crucial, as relationships can either bolster or hinder progress towards one's aspirations.
Deep dives
The Loneliness of Pursuing Goals
Pursuing personal goals often leads to a lonely phase where old friendships may fade as new aspirations take precedence. During this time, individuals may feel disconnected from their former friends while lacking the achievements needed to fit into new social circles. Despite the isolation, this chapter is crucial for development, as it allows for deep focus on growth and skill acquisition without distraction. The discomfort of this loneliness signals progress, as the only true ‘success’ indicator may be the criticism faced along the way.
Evaluating Friendships and Influence
The importance of evaluating the impact of friendships on personal goals is emphasized, suggesting that individuals should remove those who do not align with their aspirations. Maintaining relationships with those who stifle growth poses a significant risk to one's future success, making it essential to surround oneself with ambitious and driven individuals. Replacing convenience-based friendships with motivated peers fosters a more conducive environment for achieving one's ambitions. Ultimately, a careful appraisal of relationships based on whether they contribute to or detract from personal objectives is vital.
Investment versus Consumption in Personal Growth
Balancing consumption and investment is key to personal growth and opportunities, as overspending on lifestyle can hinder future potential. It is vital to recognize that every purchase can take away from future growth, redirecting focus on prioritizing investments that will yield greater returns. Simple actions, like living below one's means while saving for opportunities, can prepare individuals to seize significant career advancements. The true measure of success lies in the willingness to continuously improve and never quit, leveraging the fundamental traits of courage, intelligence, and perseverance already possessed.
"You have to like your goals more than you like your friends." In this episode, Alex (@AlexHormozi) talks about the "lonely chapter" - the awkward, transitional period where you don't really fit in with your old social circle as you adjust to the demands of starting a new business. It's not something to fear, it's something to expect and go through anyways.
Welcome to The Game w/Alex Hormozi, hosted by entrepreneur, founder, investor, author, public speaker, and content creator Alex Hormozi. On this podcast you’ll hear how to get more customers, make more profit per customer, how to keep them longer, and the many failures and lessons Alex has learned and will learn on his path from $100M to $1B in net worth.