The Game with Alex Hormozi Defining Opportunity and Leverage (w/ Ed Mylett) Pt. 1 - Aug. '22 | Ep 474
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Dec 17, 2022 
In this engaging conversation, Ed Mylett, a successful entrepreneur and motivational speaker, joins Alex Hormozi to redefine opportunity and leverage. They tackle the importance of harnessing leverage for personal growth and strategic business decisions. Mylett shares his journey in overcoming the urge to prove critics wrong, while emphasizing living in the present and practicing gratitude. They also introduce the 'everyday urgency blueprint,' advocating for consistent, actionable steps to transform challenges into opportunities for lasting success.
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Defining Opportunity
- Alex Hormozi defines opportunity by analyzing potential product units, gross margin potential, and market competition.
- He emphasizes selecting the right opportunity as the biggest leverage point in one's career.
Evaluating Opportunities
- Ed Mylett and Alex Hormozi discuss evaluating current ventures and adapting to changing markets like inflationary periods.
- Hormozi suggests prioritizing high-cash-flow, low-capital-expense businesses during inflation.
Defining Leverage
- Alex Hormozi defines leverage as the disparity between inputs and outputs in a system.
- He gives examples like making a few phone calls for a $10 million deal versus working long hours at a low-paying job.