Running a profitable business requires discipline in spending and reinvesting profits for growth. Wealthy individuals view business as a game and emphasize learning from failed partnerships to grow. Successful partnerships necessitate partners bringing unique contributions such as time, money, or skills. Equity distribution on day one is crucial, and equitable economic contributions should be carefully negotiated to avoid future disputes over profitability.
"You have to be able to allocate time money effort into the thing that's get you the most back.” Today, Alex (@AlexHormozi) shares valuable insights past failed partnerships, emphasizing the importance of equity, contributions, and disciplined profit generation for business success. He provides practical advice for entrepreneurs on wise spending, navigating equity distribution, and making strategic decisions for sustainable business growth.
Welcome to The Game w/Alex Hormozi, hosted by entrepreneur, founder, investor, author, public speaker, and content creator Alex Hormozi. On this podcast you’ll hear how to get more customers, make more profit per customer, how to keep them longer, and the many failures and lessons Alex has learned on his path from $100M to $1B in net worth.
Timestamps:
(2:05) - Partnership dynamics: equity and contribution
(5:52) - The realities of business ownership and profit distribution
(7:33) - Profit as a discipline: The importance of spending wisely
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