58 Mins of Advice That Will Blow Up Your Business
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- čas přidán 9. 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.
This content style is sooooo much better than the ADHD style content with animations and constant visual changes!!
True
Agreed
Personally I like those ones, because the video subject was clear and he specifically explained the topic. I learned alot.
For these videos, I have to hunt around the video for advice that directly appeals to me, and what can I apply, myself.
I agree completely
says a guy that makes ADHD content.
I was in the audience - 100% worth it and a great trip and workshop!
What was your biggest take away and what would you tell someone who would like to go to one of these events to do prior?
@@spencerlupton117
🎉
Hey man,
I'd love to know more about what you do!
Is there anyway i can connect with you at all?
Was it the paid workshop?
So every attendee to be recorded?
A smart way for Alex to get paid doing content
People who have the attention span to sit through unedited videos are the people who deserve to make the big bucks. Im him, you’re him.
LETS EAT 🫡
just watched a long form business Q&A video and i get this post as icing on the cake. today is a good day
Doesn't mean much if we don't apply it though
@@gorkagarcia8715True
I’m her 👧
Alex has literally become my hero since he changed his content strategy. I don’t want to learn about protein bombs I wanna learn about these absolute bombs of knowledge. Thank you so much Alex
Absolutely. This is exactly what I want to watch
I found Alex because of never skip dessert.
@@SwaggerjackProductionsa
S
Compared to other "Business CZcamsrs", Alex is humble and drops real practical advice and knowledge for free. Best out there.
I’m still working on the action step from 27 videos ago (1 or 2 weeks ago?) - spend 4 hours a day on the one thing that brings in the revenue. The things I’ve accomplished - important things - just from a couple weeks of following that tells me this guy knows the simple secrets to wealth.
Me too!
It's so simple, effective, yet difficult. 4 hours making the things you run away but grows the business.
I'm in that vibe and making nice progress.
How did you discover the exact thing that was!?
@@spencerlupton117 I'll take a guess - outreach? I think that's the one for most of us. 😅 Just like him I'm getting work now that I focus on that.
Bro, respect 🫡 I was in the audience and asked a question in this video… I spent ~$12000 to fly from Australia to go to this event and when people ask, “Was it worth it? What did you learn?” My answer is, “Yes and the 1st 4 hours of the day on the #1 thing.” I came back to Australia and added $40k to the business after doing this for 3 days in a row. Worst part… I’d heard Alex say this 10x before but something about being in the room and hearing it and knowing I was spending like $6 per minute to be there made me really pay attention and action it haha 🤣
@@spencerlupton117Basically if you are a relatively new business it is whatever your key prospecting and/or lead generation activity is. Because to grow your biz at the beginning is all about growing the number of customers. If you have a more mature biz it might be something else like customer value or referrals but if you aren’t at say $1m in sales it’s probably about finding new customers - 4 hours a day.
reducing our ignorance debt more every video
For real
I am your cometitor and I do it 2x and I implement everything. Lol
@@ClassicalConquests Your mom is my competitor and I did her twice and I implemented EVERYTHING. Lol
@@paulchow6469bro
@@ClassicalConquestsBuddy you don’t even know what market they’re in. Your ego and lack of critical thinking skills means you’re not going to get far. Humble up and get back to work
Hey Alex! Love your content. Quick audio tip:
Put a de-esser and compressor/limiter on your audio. It will balance everything immensely, and is basically set and forget. If the guy in charge is wondering what to use: Fabfilter pro-DS (turn threshold until you’re reaching a couple db’s of reduction) and the Pro L2 limiter (same thing, can be more, up to 10db of reduction). Your audio will be more consistent and less peaky.
thats not the issue. his mic is cutting out over and over again. seems like a hardware issue. or that his mic is only cutting off when an audience member speaks.
the first one isnt really his or his teams fault, might be just a faulty mic
the second one however might be entirely his teams fault which would be wild tbh.
The only thing I want to comment is thank you. Thank you for YOUR consistency. Thank you for YOUR insights. Thank you for YOUR time...
Exactly!!!
Haha! That was me in the first clip with the dog poop pickup company.
Was not expecting to be on CZcams, but most people aren't expecting a 7 figure company that scoops poop I guess 😂
Swoop Scoop in the PNW.
Dude I was surprised
You probably could do well in some places in Germany, maybe in Islands like Sylt for example
Where can I contact you bro! That's fire 🔥
@@davidolumilade86 honestly, me too haha. We did not expect things to take off like this when we first started.
That’s really inspiring man! It gives me hope that I can build my dad’s residential landscape maintenance company into that size too! How do you get so many Google reviews if you don’t mind me asking?
Wow, Alex, your insights are incredibly valuable and actionable. I love your sense of humor!Thanks for consistently delivering content that inspires and motivates. Keep it up!
Just when I think your content can't get any better, it does. Please keep solving my business problems. You rock.
Bro being an orphan n moved to the states for growing up messed up and trying to make a name for my self in business with no were to know how to get help or mentors Alex is the way to start been learning a lot
this guy is the best in the world. He Will go down as one of the greatest entrepreneurs ever
This are SO GOOD love these type of Q&A's
Mozi. Youve gotta take you company public. Youre the younger Munger. A buffer Buffett. We’d love for this to be your shareholder meeting. Thanks for making business easy on the brain.
Why am i broke? Because i am LAZY and UNFOCUSED end of story this is why you are broke TOO
😂😂😂
Love this kind of content ❤
For the person with the golf simulator business. During your slow times you could partner with local courses for indoor training. If your simulator allows.... you could let them practice a real local course. Indoors in the AC of course.
This is a great video Alex & Team
My favorite thing about how Alex delivers his content is the confidence he has in what he's saying - he exudes the impression that there is no delay or doubt that these things work. That this isn't some academic theory class with cute ides.
I feel grateful and lucky to live in a time when this is free! Meanwhile a near worthless piece of paper is 120k...
This is the best way to learn!!! You should take it to the next level with a 8 part series on specific areas. This is how we learn from others. And it's more like how school is conducted. Most Courses offered aren't like school! That's why they're ineffective for most,!!
I’m glad my epilepsy isn’t acting up watching these more calm videos now
instant listen while working and will implement learning tomorrow (time of comment 10pm GMT) just finished a t14 hour day lets go!
10 years of knowledge summarised into 1 hour, from a tutor we all know and respect 💪
Yes please
🤜🤛
These Q/A sessions are gold!
10:00 good UI is showing them the 1 thing they need to do at a time
10:40 get users to the activation point of first value
Alex has the best educational style content across the board, can’t wait to be in one of these rooms 🙌🏾
Pause my therapy session, Hormozi just uploaded
Alex videos are better than therapy. Quit therapy.
Alex , could you please speak more about the archetype of customers for Shopify, Skool etc. The small business crowd...
What are their pain points and what do they want??
Sorry, it's just... It's there
very interesting. I think somewhat undercoverly Alex gave some true gems away here. "zoom out" seems always to be up on point with him. Every time someones tries to articulate a problem he goes to basics or essential facts first, changing prospective, and then dives in again. I think he's getting better at crystallizing his own methods and we'll gain a lot from this. Sometimes i watch these and get excited just by foreshadowing what level this channel is going to get. am i the only one??? am i being a fangirl lol
*People don't understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments don't match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that*
Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Evelyn demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I'm surprised that you just mentioned and recommend Mrs . Evelyn Morales I met him at a conference in 2018 and we have been working together ever since.
2 vids in 24 hours, I love you Alex
absolutely love this type of content alex!
This will impact well on my life ❤ love you sir from India ❤❤
love this workshop content!!
🧦Wool socks to sleep=20% mood increase the next day🟣🟪
man we need more q&a liks this, so good
Full of value, as always! Thank you!
This is my favorite content!!!
Hey wassup editor brah
Turn down the noise on the vocal gate so his voice comes through and then cut off the super high 1.6k levels on the vocal EQ and Alex’s voice is going to sound like butter.
Thank you for sharing
This was so good.
This content style is so good
I am late... No need to know this today :) I'll wait business advices for tomorrow 🙃
Thank you for the subtitles
Whoever is doing your audio should be fire. I get the microphone cutting out happens, but the ridiculous tinny, harsh tone in your voice is so easy to eq out
yeah, super variable. many other videos, it's like the lips don't sync.
Damn. I've never been this early on an Alex Hormozi video (56 seconds) 😂😭
since when did Alex become a comedian. I learned and i laughed haha.
Goddamit alex ! Keep pouring out this content and im going to bring you my business when i reach 5M+😡😡😂
I'm listening to all these videos of yours but still cannot figure out where to start and what business to choose...
Don't start with a business start with a skill
The dog poop thumbnail was the best 😂 Thanks for the vid, didn't watch it yet but i'll do like all of your videos. I love your content.
It was! Bring the poo poo thumbnail back lol
Waouh really love your content... Your the best... Please I have a suggestion, can please create a video on how you will start from 0 show your process on how you will acquire customers, how you will create your offer, funnels, how you will outreach please... Your the God in this niche really appreciate your content
Love the video! What would make the video even better is if there were time steps. ☺️
Thank you
GOLD!
Alex, when is the next book coming out? I'm sure bazillion people are holding their breaths ;)
Can you tell me what the activation point is?
-Hormozi editing team.
Suggestion: Request that the events team photograph all of the on stage drawings and include it with the video package so you can have it up in case you don’t get it on video.
Re. All the med spa diagram portion.
anyone got timestamps?
TWO IN A DAY???? LETS GOOOOO
wooahh, this is huge
Does anyone have a more info on the "College Video" the Aussie mentioned at the 11:20 mark?
I work for a University and would really like to see what Hormozi had to say. Quick searches leads to "Drop Out" and his own skool links.
I would like to know which one had the content this guy was referencing.
"POPO TO PROFIT" 🤣🤣🤣
Right lol
Sir I just receive your book wow I so happy .South Africa they must know your name .your Jesus of business .🎉🎉🎉👌👌👌👌👌
hi i wanto but this book but its not dilevery to canada how can i buy this book
Does anyone know what he means by “activation points”?
More med spa content please 🙏
44:36 facts I relate to this atm
Was the cover "Why am I so broke?" answered? Or was it the wrong cover?
Anyway, I enjoyed this Q&A very much.
4 sec ago is crazy 👽
Dog Poop business 🙌
I didn’t know there were dog poop scoopers I need this guy’s number
Next book, 100m Sales, cool!!
Money models
The 🦄 unicorn metaphor 😂
🔥
My country has a blue background with big red lines and white on the tip of the big red lines init so do you know what country it is Lads well then comment down below
Thanks William for reppin The Pooper Scooper community. Great question.
Any tips for artists that want to crush?
I got you fam, assuming by "crush" you mean success (how to be a successful arrist). I could be wrong (but I doubt it): Alex would still be doing business even if he wasn't making hundreds of millions. He just loves business, and the measureable outcome of that is profit. So obviously he has to care about the profit, but you can't equate success to money because money doesn't make you successful if money isn't the goal. So if your goal is to crush it as an artist, you gotta find a way to measure that success, measure it in a way that isnt money because money doesnt equal good art. Mr. Beast would still be making CZcams videos even if he wasn't as monetarily successful as he is, LeBron would still ball even if he wasn't in the NBA. Elon doesn't give a shit about money, he literally just wants to push humanities sustainability. So, to crush it, you gotta figure out what crushing it means in your domain, and the most important opinion is yours. Are you giving it all you got? Are you meeting your standards? If you can honestly answer yes to both of those, you're crushing it just as much as Alex is crushing it in business.
Damn 4 conments
Netflix Hormozi
You already answered this before Hormozi. You said sell an item with a 10 million dollar margin and go surfing.
Sir, you are making money from an online business (content creation), so why don't you create a series about how to make money from an online business? I mean, a serious online business, not some side hustle. The online business must have the potential to make 8-9 figures in the long term (5-10 years).
53:39
The one to the math teacher company is a gaaaamechanger! Biggest ignorance tax I ever paid.
Moziiiiiiiiiiiiiii
Guess which country I am from in it
Wow
0:42 Wtf is jeff bezos is doing there💀😂
Audio bad
I'm just here to look at Alex ..... 😅
Damn 1h the guys is milking his momentum like a madman… damn lol the definition of going all out while it works duuuh … take notes guys create your stuff then make money the most possible , possible.
ANYBODY CATCH THE NEXT BOOK IS SALES?
Guys the audio has been wonky for the past couple of vids
Sound quality sucked. Stopped watchign around 6:55
Uploaded 58 mins ago
Pena style (this) is way better
Get more dogs, food, & exlax…😂
Alex's microphone cutting out is so distracting
Gassss
6:37