The Game with Alex Hormozi Why Creating Another Business Isn't The Answer | Ep 334
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Oct 5, 2021 Starting another business might seem tempting, but focusing on the current one is key. Personal stories reveal how neglecting existing ventures can be a setback. Commitment and consistency can drive sustainable growth, much like in sports. The discussion emphasizes that mastering what you already have can lead to greater success than constantly chasing new ideas. Learn from past experiences to refine skills and strategies for effective business growth!
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Premature Expansion
- Alex Hormozi increased revenue but decreased profit after starting a second business at 28.
- He attributes this to prematurely expanding before solidifying his existing business.
Neighbor's Choice
- Alex Hormozi's neighbor, a successful trash business owner, planned to repeat his business model after selling.
- Hormozi questioned why he wouldn't leverage his experience for something new.
Stick-to-itiveness
- Focus on developing skills and character traits like grit and perseverance.
- True growth comes from sticking with a business, not chasing new ventures.