Welcome to The Game w/Alex Hormozi, hosted by entrepreneur, founder, investor, author, public speaker, and content creator Alex Hormozi. On this podcast you’ll hear how to get more customers, make more profit per customer, how to keep them longer, and the many failures and lessons Alex has learned and will learn on his path from $100M to $1B in net worth.Wanna scale your business? Click here.Follow Alex Hormozi’s Socials:LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition Mentioned in this episode:Get access to the free $100M Scaling Roadmap at www.acquisition.com/roadmap
Full Episode
I'm telling you this right now. It has everything to do with what's going on in your head. You have to go through the shit and you have to figure out the stuff that they aren't figuring out. Every problem that you encounter, instead of running away from it, which is exactly what niche hopping is, exactly what new opportunity hopping is, you have to confront it.
I want to tell you a story that will hopefully break some of your beliefs and I think will be one of the reasons that you, like, if you can internalize this story, this may be the way that you get to eight figures or seven figures, if that is your goal. When I started in the information marketing agency world, Layla and I were dating. At that time, I had six gyms that I owned.
I had Gym Launch, which was a done-for-you sales and marketing system where we'd fly out and launch other people's gyms. And I had a dentist agency where I would generate leads for dentists. And I had a chiropractic agency where I generated leads for chiropractors. And guess what? I made no money. The reason I made no money is because I could not focus on anything.
And so what happened there was I developed an initial set of skills, sales and marketing, and then immediately saw this whole new world of opportunity that was in front of me. But what I had not developed yet was the character trait to associate with the skill, which was discipline and focus.
And because of that, my lack of character, I was not able to reap the rewards or the fruits of the skill set that I had acquired. And so what ended up happening was probably one of the hardest year and a half of my life. All right, I ended up having, I sold five of the six gyms. I just shut one of them down. A partner stole all the money from the sale of those gyms.
I had the gym launch that started happening, was working, and then all of a sudden we had chargebacks from one of the gyms that I shut down, which then wiped that account clean again. All right, the dentist that I sold did not get results because I did not have a system for them put together.
I just generated leads on a sheet and just told them on calls what they needed to do and they didn't do it, obviously. And so I had two dentists that had paid me $10,000 each. I had chiropractors that had paid me $10,000. And all that was left is that all of the money that I used that I'd gotten from that was literally just to pay my bills and eat and do whatever. All right.
And the issue was that I had no focus. As soon as I see an entrepreneur that comes into my world and they say, I have a couple of companies, I immediately know that they are a nuke. that they are a new and some of you may be hearing this right now and be like, well, I have a couple of companies. Cool. You're probably a new. All right.
It's very unlikely that you have the ability at this point to have multiple entities. All right. Like I'm telling you this right now. And so. The issue is there are five stages that you go through when you are a new. All right. And I'm saying this. And if this affects you, I'm purposely doing it this way because I am not going to help you unless unless we break some beliefs. All right.
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