How To Build A Business That Makes You Rich
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- čas přidán 5. 07. 2024
- Want to SCALE your business? Go here: acquisition.com
Want to START a business? Go here: skool.com/games
If you’re new to my channel, my name is Alex Hormozi. I’m the founder and managing partner of Acquisition.com. It’s a family office, which is just a formal way of saying we invest our own money into companies. Our 10 portfolio companies bring in over $200,000,000+ per year. Our ownership stake varies between 20% and 100% of them. Given this is a YT channel, and anyone can claim anything, I’ll give you some stuff you can google to verify below.
How I got here…
21: Graduated Vanderbilt in 3 years Magna Cum Laude, and took a fancy consulting job.
23 yrs old: Left my fancy consulting job to start a business (a gym).
24 yrs old: Opened 5 gym locations.
26 yrs old: Closed down 6th gym. Lost everything.
26 yrs old: Got back to launching gyms (launched 33). Then, lost everything for a 2nd time.
26 yrs old: In desperation, started licensing model as a hail mary. It worked.
27 yrs old: "Gym Launch" does $3M profit the next 6 months. Then $17M profit next 12 months.
28 yrs old: Started Prestige Labs. $20M the first year.
29 yrs old: Launched ALAN, a software company for agencies to work leads for customers. Scaled to $1.7mmo within 6 months.
31 yrs old: Sold 75% of UseAlan to a strategic buyer in an all stock deal.
31 yrs old: Sold 66% of Gym Launch & Prestige Labs at $46.2M valuation in all-cash deal to American Pacific Group. (you can google it)
31 yrs old: Started our family office Acquisition.com. We invest and scale companies using the $42M in distributions we had taken + the cash from the $46.2M exit.
32 yrs old: Started making free content showing how we grow companies to make real business education accessible to everyone (and) to attract business owners to invest or scale their businesses.
34 yrs old: I became co-owner of Skool.com to help the many people who want to start a business online do so.
Today: Our portfolio now does $200M/yr between 10 companies. The largest doing $100M/yr the smallest doing $5M per year. Our ownership varies between 20% and 100% ownership of the companies. Many of them we invested in early and helped grow (which is how we make our money - not youtube videos).
To all the gladiators in the arena, we’re all in the middle of writing our own stories. The worse the monsters, the more epic the story.
You either get an epic outcome or an epic story. Both mean you win.
Keep crushing. May your desires be greater than your obstacles.
Never quit,
Alex
FULL DISCLOSURE
I make content to make money - just - on a longer time horizon than most. I want to build trust with business owners so we can find the best ones and help them scale. And if they’re awesome, write them a check and go all the way as partners.
Want to SCALE your business? Go here:
Got in at XAI65K at $1 but will be holding it till $50. Even at that price market cap is reasonable for its tech.
Just swapped all of my last ETH and swapped it into XAI65K. Already up a little bit. Unfortunately I have some other junk staked which won’t free up for a while. Still now I am on the train!
Idk how everyone in the world isnt just thinking about the economic collapse and possible famine soon🟨
sold my ADA at a loss but I don't care. its been weighing me down for years in the red.... time to organise and put in XAI65K
Alex, I usually sleep at this time, but I saw that you just published a video and decided to stay up and watch it. You're continuously dropping video after video, and I feel like I'm getting all the top-secret business knowledge and premium-quality coaching just from CZcams. Thanks, Alex
Heavenly Father I pray that you keep the person reading this alive, safe healthy and financially blessed Amen ✌🏾✌🏾... And you will never lose a loved one🖤
I can not think of a good business idea to save my life. If I had a good idea. I'd go for it. I'm just spinning my wheels. I'm stuck.
Had a similar thought with my public speaking training business. Thought it was about getting clients to become better speakers, but really it was about making others see them as credible. Nuanced but made a huge difference to how we market the business.
Don't let Elon's XAI65K pass you by. This is a monumental moment in history, and you don't want to be left out of the loop. Get in on the ground floor now!
Go all-in on the biz and the biz will go all-in with you...
The last few minutes are gold. Be committed. Go all in
I am in accounting. I have been avoiding hiring employees. Because I thought I am in a marketing business. And I did hit the wall in growth. Thank you Alex
New to Hormozi: “Why is this dude yelling at me?”
Alex is getting so giddy about this stuff, you can tell he's absolutely loving it.
Alex will go down as one of the best entrepreneurs of our generation. This value is so so high. His ability to articulate business is unlike anyone I have ever learnt from and had been a huge influence on my life as an entrepreneur. See you at the top. I’m all in and have been for years .
Wife: You seem to love this guy. You are always watching his stuff. I wonder why he's always wearing a cap, flannel plaid shirt over a tank top. Oh, that thing on his nose is new, isn't it...
You’re on fire with these videos! Keep it comin.
These always come at the perfect time! So much value in your content, stuff you don’t hear anywhere else, it’s insane. Grateful
Lmao I freaking love the way you explain things Alex. The dating analogy for your business. That was perfect, had me literally laughing out loud. You're freaking awesome 🥰🫶🙏