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The Game with Alex Hormozi
How To Make More Money by Taking More Risk | Ep 775
Oct 11, 2024
Explore the intriguing connection between compensation and risk-taking. Discover how embracing uncertainty can lead to substantial financial rewards. Real-life examples highlight the balance between value, negotiation, market dynamics, and risk. Get inspired to step out of your comfort zone for greater gains!
11:46
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Quick takeaways
- The value one provides to the marketplace significantly influences their compensation potential, akin to determining share size of a pie.
- Risk tolerance plays a vital role in compensation discussions, especially for those transitioning from entrepreneurship to traditional employment roles.
Deep dives
The Importance of Value Provided
To achieve financial success, the value provided to the marketplace is fundamental, whether as an employee or entrepreneur. This value can be thought of as the size of a pie, which determines the overall compensation potential. The more significant the value an individual contributes, the larger their share of the compensation pie can be. It's crucial to recognize that merely providing value does not guarantee proportional compensation, as other factors also influence earnings.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode