The Game with Alex Hormozi The "Size of The Pie" Fallacy | Ep 239
Sep 22, 2020
Discover the freedom of recognizing the vastness of market opportunities. Learn why fixating on a handful of competitors can cloud your vision and limit your potential. Embrace open-mindedness to explore various business avenues. Remember, you're likely not as well-known as you think, which can ease the pressure of peer comparisons. This insightful discussion encourages you to focus on delivering value, rather than getting caught up in the competition.
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Size of the Pie Fallacy
- The market is much larger than most people realize, often 100-1000x bigger.
- This "size of the pie" fallacy leads to overestimating the impact of competitors.
Gym Competitor Story
- Alex Hormozi shares a story about a competitor he obsessed over in his early gym business.
- He wasted time copying the competitor, who turned out to be less successful.
$10M/Month Competitor
- Alex Hormozi recently discovered a $10M/month fitness software company he'd never heard of.
- This reinforced the vastness of the market and the limitations of his own awareness.