The Game with Alex Hormozi Bad Advice from Good People | Ep 153
Sep 26, 2019
In a lively discussion, the host tackles the tricky terrain of advice for entrepreneurs. He shares personal anecdotes about making seemingly poor decisions that turned out beneficial. The importance of weighing opportunity costs is highlighted, promoting a go-all-in mindset once a choice is made. Listeners are encouraged to discern advice by considering the advisor's relevance to their own path, rather than simply following wealthier individuals. The chat is a blend of insights on decision-making and the value of experiential learning.
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Non-Ideal Outcome
- Alex Hormozi sold five gyms and closed one, a non-ideal outcome.
- This allowed him to pursue a bigger opportunity immediately.
Go All In
- Go all in on a new opportunity once you've decided to pursue it.
- Don't let the pursuit of an ideal outcome delay capitalizing on a new venture.
Micro Perspective
- Well-intentioned advice often has a limited perspective, like saving every penny.
- Such advice may not apply to entrepreneurs seeking wealth beyond fixed incomes.