Business Was Hard Until I Understood These 4 Concepts

Comments · 358

• AL

  @AlexHormozi · 8 months ago · pinned

  Download your free scaling roadmap here: <a href="https://www.acquisition.com/roadmap-yt-d">https://www.acquisition.com/roadmap-yt-d</a><br>Get the $100M Book Bundle: <a href="https://shop.acquisition.com/pages/100m-book-bundle">https://shop.acquisition.com/pages/100m-book-bundle</a><br>Business owners: Want to scale faster? We provide in-person advisory for companies doing at least $1M per year: <a href="https://www.acquisition.com/workshop-yt-d">https://www.acquisition.com/workshop-yt-d</a>

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• YC

  @ycy8000ycy · 2 years ago (edited)

  4 problems every business has to solve: <br>1) finding your customer<br>2) charging too little or paying too much<br>3) overexpanding<br>4) focus<br><br>Bonus:<br>Self-development

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• TI

  @timdemoss · 2 years ago

  Loved that laugh at “You’re scaling the problem, not the solution.” Honestly what a great line. Thanks for this video Alex!

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• RO

  @romicmi · 2 years ago

  The fact that this is free is crazy. This is so important and most business owners dont even realize it.

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• VE

  @vedanshsrivastava9111 · 2 years ago

  <a href="https://www.youtube.com/watch?v=F84olnKkseM&amp;t=2">00:02</a> Identify the ideal customer to serve<br><a href="https://www.youtube.com/watch?v=F84olnKkseM&amp;t=115">01:55</a> Identify ideal customers for better profits<br><a href="https://www.youtube.com/watch?v=F84olnKkseM&amp;t=362">06:02</a> Businesses must solve the dilemma of needing money but also requiring ideal customers.<br><a href="https://www.youtube.com/watch?v=F84olnKkseM&amp;t=473">07:53</a> Business growth requires changing compensation and charging more.<br><a href="https://www.youtube.com/watch?v=F84olnKkseM&amp;t=700">11:40</a> Charge based on value, not based on wallet<br><a href="https://www.youtube.com/watch?v=F84olnKkseM&amp;t=817">13:37</a> Focus on quality inputs over revenue goals<br><a href="https://www.youtube.com/watch?v=F84olnKkseM&amp;t=1045">17:25</a> Enduring short-term pain for long-term gain in business<br><a href="https://www.youtube.com/watch?v=F84olnKkseM&amp;t=1152">19:12</a> Confront sticking points to avoid stagnancy and reputation damage.<br><a href="https://www.youtube.com/watch?v=F84olnKkseM&amp;t=1374">22:54</a> Eliminate alternatives to show commitment<br><a href="https://www.youtube.com/watch?v=F84olnKkseM&amp;t=1484">24:44</a> Commitment is key to the success of a diet, marriage, or business.<br><a href="https://www.youtube.com/watch?v=F84olnKkseM&amp;t=1691">28:11</a> Success is not just about what works, but considering alternative paths<br><a href="https://www.youtube.com/watch?v=F84olnKkseM&amp;t=1805">30:05</a> Businesses must sell better or recurring versions of their product to survive<br><a href="https://www.youtube.com/watch?v=F84olnKkseM&amp;t=2028">33:48</a> Shift from blame to accountability for skill improvement<br><a href="https://www.youtube.com/watch?v=F84olnKkseM&amp;t=2134">35:34</a> To survive, a business must solve key problems and adapt to changes.

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• SA

  @sahilverma3397 · 2 years ago

  Hitting dislike so that the ops can&apos;t solve their problems.

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• MO

  @monsieurene3366 · 2 years ago

  I’ve been list3ning to Alex for 2 years. I went back on his first podcast and listened to everything. Almost 700. My business is not successful, and I do a maker work every day till 12PM. Sometimes more. I shifted my mindset to the input. As long as I do the behavior, i’m winning. I’m in a season of no and I work on week-ends. I have no idea how long it will take for me to succeed, but as Leila said, I will not be the reason why it didn’t work. Volume negates luck. More Better.<br><br>PS: just to be clear i’m having the hardest and most fulfilling days of my life.

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• LO

  @LouisDillard02 · 2 years ago

  I totally get the temptation to take on any client with a heartbeat and a credit card when you&apos;re starting out. It&apos;s survival mode, but eventually, you realize not every client is a good fit for your sanity or your bottom line.

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• AE

  @Aedonius · 2 years ago

  &quot;I would always rather have intense short term pain than very long term pain of not living up to what I think I can do&quot; <a href="https://www.youtube.com/watch?v=F84olnKkseM&amp;t=1170">19:30</a>

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• CI

  @CitizenEa · 2 years ago

  That means the customer is NOT always right. There are bad customers - they&apos;ll waste your time and frustrate you

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• LE

  @leapthenest · 2 years ago

  Alex you have helped me to achieve my dream of being self-sufficient as a musician. <br><br>Everyone told me to become a doctor and to give up on music.<br>Your value is true 🕊

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• RO

  @RogerD-wl9vh · 2 years ago

  Alex is on fire 😂 he&apos;s not sleeping anymore, giving value is worth more than anything

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