The Game with Alex Hormozi The 3 Evil "E's" Entrepreneurs Make | Ep 299
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May 11, 2021 Discover the three evil E's that can derail entrepreneurs: Expectations, Emotions, and Expenses. Each of these pitfalls can sneak up on you, affecting your decision-making and financial health. Gain insights on how to identify and confront these challenges. Learn practical advice to navigate the entrepreneurial landscape and mitigate these common mistakes. Tune in for strategies on achieving sustainable growth and maximizing profitability in your business journey!
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Expectations vs. Process
- Unrealistic expectations and arbitrary timelines lead to hasty decisions and shortcuts.
- Focus on excellent processes instead of outcomes to mitigate these risks.
Managing Emotions in Decisions
- Detect emotional decision-making by noticing flip-flopping on data.
- Slow down decisions when emotional, give yourself time to reflect, and ideally decide from a place of contentment.
Manage Expenses
- Expenses are liabilities and risks that decrease the likelihood of meeting expectations.
- Prioritize growth to pay for expenses, don't incur costs in anticipation of it.