Get the Model Right
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- čas přidán 29. 08. 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.
I could listen to this guy all day
That’s odd. Because he’s got to here because of his dad and dads money. His dad funded his gyms, the equipment, etc.
@@AlexandertheGreat033where in the world did you hear this because he’s made every penny sacrificing everything
This guy is so good at simplifying things. I’ve used these tactics in my own CZcams videos for my students and even customers!
Simplicity is the key 🔑
Impressive Human. Turning Bisiness Grad schools on there heads. Learn all you need to know how to build a business in just a few short clips with Alex
lmfao, its easy to say this but most new businesses don't see profit for at least the first 3-5 years. and that time frame is pre-covid , now its probably longer.
Alex youre looking yoked. Love the health/business inspiration
FUUUUUCK SO GOOD
Great Points ❤
Panda doesn’t franchise and he’s doing pretty good.
Dude always looks like he'd rather be sleeping than talking
It depends of if Leila's drinking decaf that day or not 😅
Someones testing their “money models” messaging
🔥🔥🔥
😮
Why wouldn't you want a franchise when you got the model right?
Keep more for your self
Expand still, but do it yourself
Because you’re losing money. You’d have to make it very one sided to be worth it
If the model is cashflow heavy just own them all. Panda Express owner owns them all.
@@neodaltiair8624 I guess the bottleneck then is finding people to manage it all
Money Models
will the model be as tight as his sleeves?
this dudes a beast
Lmao everyone in the comments is so easily baffled by bullshit. This guy is just regurgitating terms and phrases from his business classes, nothing groundbreaking here.
He puts knowledge in easily understandable and digestible pieces for people not as far along the journey. Some might say thats the definition of wisdom
Chick fa la is stupid because their not open for business 52 days a year, when their competitors are.
Plus no one can buy a chick la fa store if they don't have experience managing 10 or more people. Which is also stupid because chick fa la can just have their own people, train the franchisee on how to operate it effectively and efficiently.
Disagree. Do what works for you. There is no one size fits all
That’s how people go bankrupt and lose everything. There definitely is a one size fits all model that’s just better. Not saying every type of business has the same model but every type has that 1
Why try something different when you can do something you know for a fact works?