The Game with Alex Hormozi You Work Harder Than your Partner Does | Ep 168
Nov 29, 2019
Navigating small business partnerships can be tricky, especially when each partner believes they’re putting in more effort. Clear role definitions are crucial for success, preventing misunderstandings and conflicts. Alex emphasizes the importance of recognizing individual strengths and weaknesses. He argues that aspiring entrepreneurs should develop essential skills themselves or hire help instead of relying on partnerships. Establishing early buyouts is also advisable to sidestep future disputes.
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Episode notes
Effort Discrepancy
- Partners often perceive effort differently, leading to discrepancies and conflict.
- Alex Hormozi emphasizes the importance of acknowledging these differences in small businesses.
Clear Roles
- Clearly define roles to avoid conflict and confusion in partnerships.
- Consider hiring someone for operational tasks instead of partnering.
Layla Anecdote
- Alex Hormozi shares his experience with his wife, Layla, where their shared life eases work-related strain.
- This "delusion" of overvaluing each other smooths partnership friction.