The Game with Alex Hormozi Picking Your Niche | Ep 660
144 snips
Jan 18, 2024 Success in business isn’t about shortcuts; it's about improving existing models. Perseverance and hard work are key to building a thriving enterprise. Practical experience trumps theoretical knowledge, so dive into real-world selling and learning. Rushing into unfamiliar niches often leads to failure, while mastering your chosen niche through dedication can yield long-term rewards. Embrace the process and focus on what you can do better, rather than chasing after the new.
AI Snips
Chapters
Transcript
Episode notes
Niche Selection
- Pick a business niche you understand.
- Don't choose a niche you know nothing about.
Iteration over Innovation
- New businesses are often iterations of old ones, improved, not reinvented.
- Focus on doing existing things better, not necessarily creating something new.
Practical Experience First
- Gain firsthand experience in your chosen niche before trying to teach or capitalize on it.
- Don't offer advice in a field where you lack practical experience.