The Game with Alex Hormozi I Discovered the Easiest Business To Make $1,000,000 A Year | Ep 742
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Jul 26, 2024 Discover the fast-paced world of the education and coaching business. Learn why this model can skyrocket your earnings quickly, yet may not lead to billionaire status. Alex unveils the key trade-offs in scaling such ventures, providing valuable insights for aspiring entrepreneurs. He emphasizes aligning personal goals with business paths to maximize success. Tune in for lessons learned from his journey towards building a significant net worth!
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Easy Start, Hard Scale
- The easiest businesses to start, like coaching or online courses, can quickly generate $1 million in revenue.
- However, these businesses are difficult to scale to $100 million due to their reliance on the founder.
Goal-Driven Business Model
- Define your business goal: high income or a sellable asset?
- Choose the business model that aligns with that goal.
Consulted Business Owners
- Alex Hormozi consulted business owners like a paint business owner, salon owner, and micro-business owner.
- They all reached an income plateau due to limited operational skills.