Starting a business in accounting can be highly profitable as all revenue is profit initially. By acquiring around 10 to 20 clients, substantial income can be generated. However, with growth comes new challenges like time management. To overcome this, reinvesting profits to create time and reaching out to a large audience for potential clients is essential. The accounting industry lacks quality service providers, making it relatively easy to stand out with effective self-promotion through a mix of cold outreach and content creation.
“It's not about how hard you can hit, but it's about how hard you can get hit and keep going forward.” Today, Alex (@AlexHormozi) answers questions of entrepreneurs as they share their personal experiences, obstacles, and solutions faced in their respective entrepreneurial journeys. Key topics include dealing with the fear of failure, handling self-doubt, managing transition from in-person to online services, and coping with the loneliness that often accompanies success.
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:
(0:30) - Overcoming fear and analysis paralysis in self-publishing
(6:11) - Dealing with personal loss and maintaining composure
(12:44) - Navigating business challenges and making impactful decisions
(19:22) - Starting a business with a grand vision & the importance of starting small
(23:40) - Enduring the loneliness of success
(29:34) - Struggling to return to a 9-5 job
(32:49) - The power of promotion in entrepreneurship
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