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Stephen Bartlett

๐Ÿ‘ค Speaker
942 total appearances

Appearances Over Time

Podcast Appearances

The Game with Alex Hormozi
The Entrepreneurial Life Cycle That Will Make You Poor Or Rich (on DOAC Pt 2) | Ep 866

I also had a chiropractor agency and I also had a dental agency. And so I would introduce myself and be like, oh, I own lots of companies. But I think one of the biggest misconceptions when you're an entrepreneur is not understanding the difference between being an owner and being the CEO. And so they might hear that you have a portfolio.

The Game with Alex Hormozi
The Entrepreneurial Life Cycle That Will Make You Poor Or Rich (on DOAC Pt 2) | Ep 866

I also had a chiropractor agency and I also had a dental agency. And so I would introduce myself and be like, oh, I own lots of companies. But I think one of the biggest misconceptions when you're an entrepreneur is not understanding the difference between being an owner and being the CEO. And so they might hear that you have a portfolio.

The Game with Alex Hormozi
The Entrepreneurial Life Cycle That Will Make You Poor Or Rich (on DOAC Pt 2) | Ep 866

I also had a chiropractor agency and I also had a dental agency. And so I would introduce myself and be like, oh, I own lots of companies. But I think one of the biggest misconceptions when you're an entrepreneur is not understanding the difference between being an owner and being the CEO. And so they might hear that you have a portfolio.

The Game with Alex Hormozi
The Entrepreneurial Life Cycle That Will Make You Poor Or Rich (on DOAC Pt 2) | Ep 866

They might hear that I have a portfolio and be like, okay, well, they have a portfolio, so I must model that. That guy's tall. I should play basketball. Doesn't work that way. So if I want to be rich, I should fly private. Doesn't work that way. It's conflating order. And so... we must do these things in order to get the outcome.

The Game with Alex Hormozi
The Entrepreneurial Life Cycle That Will Make You Poor Or Rich (on DOAC Pt 2) | Ep 866

They might hear that I have a portfolio and be like, okay, well, they have a portfolio, so I must model that. That guy's tall. I should play basketball. Doesn't work that way. So if I want to be rich, I should fly private. Doesn't work that way. It's conflating order. And so... we must do these things in order to get the outcome.

The Game with Alex Hormozi
The Entrepreneurial Life Cycle That Will Make You Poor Or Rich (on DOAC Pt 2) | Ep 866

They might hear that I have a portfolio and be like, okay, well, they have a portfolio, so I must model that. That guy's tall. I should play basketball. Doesn't work that way. So if I want to be rich, I should fly private. Doesn't work that way. It's conflating order. And so... we must do these things in order to get the outcome.

The Game with Alex Hormozi
The Entrepreneurial Life Cycle That Will Make You Poor Or Rich (on DOAC Pt 2) | Ep 866

We have to concentrate on only one thing in order to get the outsized return. And that spreading of attention, especially when you're newer in the entrepreneurial career, it's like you already don't know so many things. How do you now want to have three sets of unknowns that you want to try and conquer at the same time?

The Game with Alex Hormozi
The Entrepreneurial Life Cycle That Will Make You Poor Or Rich (on DOAC Pt 2) | Ep 866

We have to concentrate on only one thing in order to get the outsized return. And that spreading of attention, especially when you're newer in the entrepreneurial career, it's like you already don't know so many things. How do you now want to have three sets of unknowns that you want to try and conquer at the same time?

The Game with Alex Hormozi
The Entrepreneurial Life Cycle That Will Make You Poor Or Rich (on DOAC Pt 2) | Ep 866

We have to concentrate on only one thing in order to get the outsized return. And that spreading of attention, especially when you're newer in the entrepreneurial career, it's like you already don't know so many things. How do you now want to have three sets of unknowns that you want to try and conquer at the same time?

The Game with Alex Hormozi
The Entrepreneurial Life Cycle That Will Make You Poor Or Rich (on DOAC Pt 2) | Ep 866

And the fallacy of thinking is that I'm going to try all of them and see which one works. But none of them will work because you're waiting to see which one will work. Because you can force, in my opinion, you can force one thing to work. Provided, like, I'm going to just assume basics. Like, you're not selling $5 bills for $4. Like, you know, the normal economics of a business.

The Game with Alex Hormozi
The Entrepreneurial Life Cycle That Will Make You Poor Or Rich (on DOAC Pt 2) | Ep 866

And the fallacy of thinking is that I'm going to try all of them and see which one works. But none of them will work because you're waiting to see which one will work. Because you can force, in my opinion, you can force one thing to work. Provided, like, I'm going to just assume basics. Like, you're not selling $5 bills for $4. Like, you know, the normal economics of a business.

The Game with Alex Hormozi
The Entrepreneurial Life Cycle That Will Make You Poor Or Rich (on DOAC Pt 2) | Ep 866

And the fallacy of thinking is that I'm going to try all of them and see which one works. But none of them will work because you're waiting to see which one will work. Because you can force, in my opinion, you can force one thing to work. Provided, like, I'm going to just assume basics. Like, you're not selling $5 bills for $4. Like, you know, the normal economics of a business.

The Game with Alex Hormozi
The Entrepreneurial Life Cycle That Will Make You Poor Or Rich (on DOAC Pt 2) | Ep 866

Like, if a real estate business exists, there are other people who are making money. There are hair salon businesses where people are making money. There are lawn mowing businesses where people are making money. You can make money in all of them. You just can't make money in all of them.

The Game with Alex Hormozi
The Entrepreneurial Life Cycle That Will Make You Poor Or Rich (on DOAC Pt 2) | Ep 866

Like, if a real estate business exists, there are other people who are making money. There are hair salon businesses where people are making money. There are lawn mowing businesses where people are making money. You can make money in all of them. You just can't make money in all of them.

The Game with Alex Hormozi
The Entrepreneurial Life Cycle That Will Make You Poor Or Rich (on DOAC Pt 2) | Ep 866

Like, if a real estate business exists, there are other people who are making money. There are hair salon businesses where people are making money. There are lawn mowing businesses where people are making money. You can make money in all of them. You just can't make money in all of them.

The Game with Alex Hormozi
The Entrepreneurial Life Cycle That Will Make You Poor Or Rich (on DOAC Pt 2) | Ep 866

My infinite wisdom, right. Well, it's just from suffering, the woes of this. Like, the biggest entrepreneurial mistakes I've made in my career have all come from splitting my attention. Every one of them. Every single one of them. I talked about how I had the e-commerce business that I bolted onto my licensing company. I should not have done that.

The Game with Alex Hormozi
The Entrepreneurial Life Cycle That Will Make You Poor Or Rich (on DOAC Pt 2) | Ep 866

My infinite wisdom, right. Well, it's just from suffering, the woes of this. Like, the biggest entrepreneurial mistakes I've made in my career have all come from splitting my attention. Every one of them. Every single one of them. I talked about how I had the e-commerce business that I bolted onto my licensing company. I should not have done that.

The Game with Alex Hormozi
The Entrepreneurial Life Cycle That Will Make You Poor Or Rich (on DOAC Pt 2) | Ep 866

My infinite wisdom, right. Well, it's just from suffering, the woes of this. Like, the biggest entrepreneurial mistakes I've made in my career have all come from splitting my attention. Every one of them. Every single one of them. I talked about how I had the e-commerce business that I bolted onto my licensing company. I should not have done that.

The Game with Alex Hormozi
The Entrepreneurial Life Cycle That Will Make You Poor Or Rich (on DOAC Pt 2) | Ep 866

As soon as I did that, my revenue started slowing down in its growth. Why did you? Because I was ADD. I was like, oh, Mike, I don't want to leave money on the table. And I want to be so violent about this. You are always going to leave money on the table. That is the result of focus.

The Game with Alex Hormozi
The Entrepreneurial Life Cycle That Will Make You Poor Or Rich (on DOAC Pt 2) | Ep 866

As soon as I did that, my revenue started slowing down in its growth. Why did you? Because I was ADD. I was like, oh, Mike, I don't want to leave money on the table. And I want to be so violent about this. You are always going to leave money on the table. That is the result of focus.