The Game with Alex Hormozi The Importance of Mindset and Dedication in Entrepreneurship (with Ali Abdaal) Pt.1 - Oct. ‘22 | Ep 534
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May 6, 2023 
Ali Abdaal, a medical doctor and popular YouTuber, joins Alex Hormozi to discuss the pivotal mindset and dedication required in entrepreneurship. They explore effective pricing strategies that can lead to millions and how to transition from a low-income job to a thriving business. The duo emphasizes trading time for knowledge, the benefits of learning over earning, and shares personal anecdotes from their entrepreneurial journeys. Their insights on skill development as a pathway to increasing income are both motivating and practical.
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Starting Simple
- Identify a problem you can solve, even if it's not a novel idea.
- Start with a service business, leveraging your existing skills and knowledge.
Learning Over Earning
- Initially, trade time for money to learn, not just to earn.
- Focus on paying down "ignorance debt" by gaining experience.
The Free Training Project
- Alex Hormozi started with a "free training project," asking for donations to charity instead of payment.
- This built goodwill and provided testimonials, easing the transition to a paid service.
