The Game with Alex Hormozi Volume Negates Luck | Ep 267
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Jan 12, 2021 Delve into the intriguing relationship between probability and success. Discover how consistent effort, rather than luck, shapes outcomes in business. Alex shares a personal story with a neighbor to illustrate why sheer volume can outweigh randomness. Skills, not chance, are what truly set achievers apart. Tune in for a fresh perspective on work, success, and the lessons learned on the journey to wealth.
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Probability and Success
- Success in scaling businesses often hinges on a firm grasp of probability.
- This understanding involves assessing the likelihood of various outcomes, like investment risks or marketing ROI.
Volume Negates Luck and Skill
- High volume negates luck and skill in business.
- Doing enough volume makes specific outcomes more predictable, reducing the influence of chance or initial skill level.
Embrace the Suck
- Embrace sucking at new ventures because initial incompetence is expected.
- Don't let the unrealistic expectation of immediate success prevent you from starting.