The Game with Alex Hormozi The 4 Paths To Making Mega Money | Ep 820
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Jan 6, 2025 Discover the four paths to amassing wealth! Learn how entrepreneurs can leverage other people's money to fuel growth. Dive into Jeff Bezos's long-term strategies with Amazon, focusing on infrastructure over quick profits. Explore the importance of customer retention and how to build a compounding growth vehicle. Unpack the challenges of scaling, including franchising and investment strategies. Lastly, grasp the significance of choosing the right entrepreneur for investment success.
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Four Paths to Mega Money
- There are four paths to accumulating substantial wealth, each with pros and cons.
- These involve leveraging your own or other people's money in your own or other people's businesses.
Amazon's Unprofitable Years
- Amazon remained unprofitable for nine years, prioritizing infrastructure expansion over immediate profit.
- Jeff Bezos focused on what wouldn't change in the next 10 years (e.g., people's desires for speed, ease, and risk-free purchases).
Prioritize Improvement Over Growth
- Resist the urge to chase growth for its own sake, especially in bootstrapped businesses.
- Focus on improving your business, and let customer demand drive expansion, as Chick-fil-A did.
