The Game with Alex Hormozi The Entrepreneurial Journey | Ep 296
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Apr 29, 2021 Entrepreneurship is a journey of transformation, filled with unique challenges. Discover the discomfort of letting go of control and how it can hinder progress. Learn the crucial balance of relinquishing power while maintaining accountability. Trusting others is key to building and scaling successful ventures. Alex shares valuable insights from his climb from $100M to $1B in net worth, proving that navigating control is essential for any entrepreneur.
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Entrepreneurial Transformation
- Entrepreneurship is challenging because it forces personal and identity transformations.
- This involves changing how you view the world and operate within it.
Control Shift
- Entrepreneurship involves a shift from a lack of control to complete control, often by leaving a job.
- This initial control becomes a hurdle for growth as the business expands.
Buying Back Time
- Buy back your time by outsourcing lower-skilled support tasks first, then higher-level admin tasks.
- Gradually relinquish control in areas like selling, which can be a major obstacle for growth beyond $1 million.
