Alex Hormozi: From Soul-Sucking Job to $120M in Revenue, How Alex Changed his Mind and Built an Empire by Age 32 | Entrepreneurship | E198

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)

YAP Media Network

Education, Marketing, Entrepreneurship, Business, Self-improvement

4.8 • 1.3K Ratings

🗓️ 28 November 2022

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

When we are faced with a decision, to choose stability versus a dream, our brain will convince us to play it safe. We typically let our fears and anxieties prevail. Instead of settling for what is good, we should focus on what will make our lives even better. To find success, Alex had to change his mindset of what success looked like. In 2013, Alex started his first brick & mortar business. Within three years, he successfully scaled his business to six locations. He then sold his locations to transition to the turnaround business. From there, he spent two years turning 32+ brick & mortar businesses around using the same model that made his privately owned locations successful. In 2020, he transitioned from CEO to the owner/shareholder position in these companies and founded Acquisition.com as a way to invest his own wealth (both monetary and intellectual capital) into other businesses. With all this accomplished at just 33 years of age, Alex Hormozi is the definition of Young and Profiting. Alex will join Hala for an extensive 2-part interview. In this episode, they will discuss Alex’s come-up story and his philosophy on life, marriage, money, and so much more. Topics Include: - Alex’s upbringing and come-up story - Giving up something good to go after something better - Why the concept of death is liberating - How a Facebook Ad workshop boosted Alex’s business - What you can do with a level 10 skillset, level 2 opportunity - How Alex began launching other people’s gyms - Why your life partner is critical to your success - The pros and cons of marrying your business partner - How Alex navigated his rock-bottom moment - How to operate people - The origin of acquisition.com Alex Hormozi is a first-generation Iranian-American entrepreneur, investor, and philanthropist. In 2013, he started his first brick & mortar business. Within three years, he successfully scaled his business to six locations. He then sold his locations to transition to the turnaround business. From there he spent two years turning 32+ brick & mortar businesses around using the same model that made his privately owned locations successful. Alex owns a portfolio of companies under his umbrella company Acquisition.com. He’s widely considered an acquisition and monetization expert. He is also the bestselling author of $100M Offers: How To Make Offers So Good People Feel Stupid Saying No. Resources Mentioned: Alex’s Website: https://www.acquisition.com/bio-alex Alex’s LinkedIn: https://www.linkedin.com/in/alexanderhormozi/ Alex’s Twitter: https://twitter.com/AlexHormozi Alex’s Instagram: https://www.instagram.com/hormozi/ Alex’s Facebook: https://www.facebook.com/HormoziAlex/ Alex’s book 100M Offers: https://www.amazon.com/100M-Offers-People-Stupid-Saying/dp/1737475715/ref=sr_1_2?cri[%E2%80%A6]FzcCI6IjEuOTUifQ%3D%3D&sprefix=100m+offers%2Caps%2C137&sr=8-2 YAPClassic: Robert Greene on Decoding the Laws of Human Nature https://youngandprofiting.com/yapclassic-decoding-the-laws-of-human-nature-with-robert-greene/ Russel Brunson’s ClickFunnels: https://www.russellbrunson.com/hi Sponsored By: Omaha Steaks - Visit OmahaSteaks.com and use promo code YAP at checkout to get that EXTRA $30 OFF your order. Castbox - Subscribe to YAP on Castbox today Lightstream - Go to lightstream.com/yap and apply now to get a special interest rate discount and save even more Shopify - Sign up for a free trial at shopify.com/profiting Indeed - Visit Indeed.com/YAP to start hiring now. More About Young and Profiting Download Transcripts - youngandprofiting.com Get Sponsorship Deals - youngandprofiting.com/sponsorships Leave a Review - ratethispodcast.com/yap Watch Videos - youtube.com/c/YoungandProfiting Follow Hala Taha LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ TikTok - tiktok.com/@yapwithhala Twitter - twitter.com/yapwithhala Learn more about YAP Media Agency Services - yapmedia.io/ Join Hala's LinkedIn Masterclass - yapmedia.io/course

Transcript

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0:00.0	I definitely conformed. I definitely followed the path. It was only when I was very, very sad after I had graduated college.
0:19.0	I was like, this is it. This is all there is. Like,
0:21.4	there's just more of this for the rest of my life. And that was incredibly depressing to me.
0:24.8	If I wake up every day, hoping that I don't wake up, either I can just live the rest of my life like
0:29.6	this, or I can just die to somebody else. Because right now I'm dead to me. The internal dialogue was I have to die to my father in order to live for me. Most people don't achieve big shit.
0:40.3	Most people are security driven.
0:43.3	It makes sense that everybody around you will tell you not to do it.
0:47.3	They will be right most of the time.
0:50.3	But the thing is, you only need to be right once.
0:52.3	If you could fail for 10 straight
0:54.9	years and then on your 11th year make a $2 million your business, you are further along
1:01.2	than the person who made $100,000 a year that entire period of time. It's just people measure
1:07.8	outcomes on too short of an interval and that's why they don't get what they want.
1:18.4	What is up, young and profiteers?
1:21.8	You're listening to Yap Young and Profiting podcast
1:24.7	where we interview the brightest minds in the world
1:26.9	and unpack their
1:28.0	wisdom into actionable advice that you can use in your daily life. I'm your host, Halitaha.
1:34.0	Thanks for tuning in and get ready to listen, learn, and profit. Welcome to Young and Profiting Podcast, Alex.
1:53.0	Thank you for having me.
1:55.0	I'm super pumped to have you on the show.
1:57.0	So my producer, Jason, who just met offline, is the first person to introduce me to you
	...

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