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The Unseen Battles of Entrepreneurship | Ep 703
The Game w/ Alex Hormozi
Start Narrow, Expand Wisely
Starting with a narrowly defined problem allows for better resource allocation and effective solution development. Companies like Facebook and Amazon began with niche markets before expanding gradually. Prioritizing and focusing resources on a specific problem is crucial for success, rather than trying to be everything for everyone, ending up as nothing for nobody. The key is to pick one problem to solve excellently before considering expansion into adjacent areas, as the future is uncertain and dynamic.
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