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"Being a skilled entrepreneur is a big bucket for hundreds of smaller skills underneath of it.” Today, Alex (@AlexHormozi) discusses how to get ahead of 99% of entrepreneurs by focusing on leverage and maximizing skills and beliefs. He explains the four types of leverage - collaboration, capital, code, and content - and shares his personal experience of transitioning between industries to find higher leverage opportunities.
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 on his path from $100M to $1B in net worth.
Timestamps:
(0:49) - Importance of skilled and belief-driven entrepreneur
(9:16) - Transition from gyms to done-for-you model
(11:26) - Understanding leverage and its impact on success
(13:27) - Four types of leverage: collaboration, capital, code, content
(18:37) - Time's impact on business growth
(21:18) - Skills for collaboration, capital raising, content creation, coding
(26:17) - Challenges and benefits of switching industries
(37:40) - Invest in skills, adjust living expenses
(40:18) - Transitioning skills into reality
(48:40) - Value of service businesses and continuous learning
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