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The 10 Minute MILLIONAIRE entrepreneur advice for people starting from ZERO
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- Опубликовано: 20 фев 2022
- 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.
![How to go from $0 to MILLIONAIRE [33 min training]](http://i.ytimg.com/vi/aVfCrCpS0wY/mqdefault.jpg)
The “tough love” many of us need to hear again and again. No matter how good you think you are, you can always become better.
Just because you are currently failing doesn’t mean you’ve failed… the progress is actually the success. As long as you are getting better you are on your way to winning
-generate leads
-work leads
-set appointments
-closing sales
-set up bank accounts
-transact
-billing
-payroll
-fulfilling a product
-create customer journey
-ascend people
-decrease churn
-recruit + hire
Thank you. Wanted to write down the same thing 🙏🏽
"Holy shit write that down" 0:01 - 10:42
LMAO for real dude
Just because you’re struggling doesn’t mean you’re failing. Stamping that on my wall
*"The person who wins, is the person who wants it the most."*
This changed my life.
Interesting.
Why is that helpful?
Hey you are now "the guy" that I recognise on someone else's Channel from your own channel lol
If you're not thinking about how to have a competitive advantage, best believe your competitor is.
I knew I was gonna win in my niche when I realized that my top competitor had 3 small children and had to hire people as soon as she hit 10 hours of work per week. I knew if a person like that could hit $250,000 revenue per year, so could I. And sure enough, 3 years later I overtook her because I could outwork her and had the competitive advantage.
So my advice - look for gaps and holes in other businesses. If you can find someone who isn't 100% committed to their business and they are showing signs of success even with that kind of commitment, you can ALWAYS outwork them.
3 years? why that long?
@@warriordx5520 Because I didn’t want to waste money hiring people and chose to reinvest it instead.
What was your niche?
What was the business I want to make a better one than you in your town…………
Can you name a few examples of what types of businesses you can look to improve? And where to find these businesses
Yea i learned this lesson a while ago and that's also when I stopped watching gurus on youtube lol. I still watch Alex from time to time to see what he has to say, but yea I realized for my business to be successful it just comes down to getting good at a thing, then getting good at teaching that thing profitably. The "shortcut," is just doing it right just like he says.
But those videos are so good
One of the lessons in _Think and Grow Rich_ is to persist longer than everyone else. When you do, you've won.
I don't usually engage with content I watch but this video deserves to go viral. Much love & respect for sharing this gem for free. Keep inspiring brother, you are helping cultivate the future of businesses. Much appreciated Alex! ✊💯
Facts
You are SO right. I started as a logistics coordinator in 2014 making 35k with no course, zero knowledge. I started my own business 4 years later with mild success and we closed last year with a top line of 2M and button line over 350k. Patience pays off!
Hi Great recap. I'm glad to have been able to achieve success in forex trading when i read through your post about a bitcoin and how to get started with the help of Expert mrs lucy
Expert Mrs Lucy has aided so many newbies including me. I have 12wins from forex trading with her help. Thanks to her strategies, she's really the best. I've made 16,400$ in 18days working with her.
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week...
@@isahfaizat3719 You don't need to be surprised because I'm also a huge beneficiary of expert Mrs Lucy trading service, I'm winning consistently trading with with her
I thought people don't know her, Bitcoin is on its way to the moon, it's time we all join the Bitcoin community.
I made up to $32,300 in 2 weeks with $7,000 through Mrs Lucy strategy, she is just the best I can think of right now.
That is why only 10% of students of a "become a consultant starting from 0" course succeed. The ones with past experience and skills. So....go build those skills and experience first. Such a great advice nobody tells.
Helpline 👆👆
On how to start earning
Alex, first thank you for everything you do. I have watched nearly every video, read your book a few times, etc.
Second, you often cover skills and limiting beliefs. You do a great job explaining a lot of limiting beliefs.
I would love to see you dive a bit deeper into a skill stacking topic. I understand each business will be a little bit different. But a video explaining what the pyramid looks like in relation to skills even if its your own journey.
What, in your opinion, makes a really wide base for a person's skills to build the pyramid on, then what is each level above those at the next level.
Thanks again, love ya brother.
-Joseph
He has a couple videos on skill stacking, Don't recall the titles but one of them is close to an hour the other he was presenting at an event...
@Tahmar Thomas yes I have seen them. I'm referencing more to the actual hard skills to be learned. Not the concept of skill stacking.
From someone ahead of me , what are the hard skills that should be focused on building a solid foundation
🙌 yes!!!!! I would like to see this too
He's mentioned that you don't bother learning about something until that problem comes up in your business. Otherwise, you're just fake busy. Don't read about hiring or training someone until that comes up,for example. When you're going hard in business and you hit a wall or come across an idea that's immediately applicable, it becomes kind of obvious that developing that particular skill will make sense. So, it's not that you plan out your skill stack, it's that you master the core ones you need to get started, then depending on your situation you expand your skill sets as the needs arise
@@tahmarthomas160 yess that is the video, the one of an hour long. It has many views
This video is easily worth $10k. Holy shit! Levels!
Helpline 👆👆
On how to start earning
Every single starting and struggling entrepreneur needs to listen to this 3x over and bake it in (especially in the online space). Very glad that I played the long game and I can attest that I just got about 5 years in and Alex's timeline on this is spot on in terms of an inflection point for things to pick up.
😂😂"It's been 90 days, and I'm not a millionaire yet"...Thanks for the candid and helpful video.🤙🏾
'Just because you're struggling doesn't mean you're failing.'
I suck at e-commerce, but will keep on at it for at least 10 years. Then I will suck so little that I'll actually be good at it. Thank you for the advice Alex!
@kingsquid thank you for the ideas and tips. These are points I need to work on during these months and years!
R u still doing it?
@@Dozier331 of course he isn't lol
Alex you’re the man loving your content!
I’m here in Austin.
Been hauling junk for 10 years.
After years of slow growth, last year I took it from 25k/mo to 150k/mo in a few months
I am transitioning into being a coach and I’ve created a free course so I can build a reputation and a community first before charging for the course.
I found your content just a couple weeks ago but it’s 100% for me man thank you for the insights!!!!
The brutal honesty is what keeps me coming back to these talks. This one helped me stop bullshitting myself.
I’ve discovered that it’s essential to sit with pen and paper while listening to Alex. Amazing info with real-life application. I just started a cleaning company and everything he says is so true. I’ve learned so much cleaning and trying to learn how to make it all work. Honestly, I look at it like a fun game and I’m trying to get a high score 😀👍🏽
In reality this is one of the best advice I've ever heard from a successful man that walks the talk... thanks so much for taking the time to provide this information.
Helpline 👆👆
On how to start earning
Hey Alex
Want to say think thank you because of your content and books, the impact my business is having is just great, I am 23 as well, I run a high-ticket affiliate marketing business.
the beliefs I have right now, and what things I do now, I feel like a totally transformed person just from a year ago.
really appreciate what you do
Took 10 years for my uncles company to hit 1mil, but last year alone I brought in 300k+ , imagine this year with the stuff I’m learning from you
Annnnnnnnnnnnnnnnnnnnddddddddddd recession.
@@Bee_Healthier we do air conditioning so that doesn’t affect us lol
It's disgusting how much value Alex provides for free on this channel, literally cannot believe it.
Really needed to watch this, i'm blown away 🤯.
Before working on my business I started reading your book and immediately stopped after a few pages... I realised the content was so good and I need to work on my business more and implement those things right away. Pretty much what you explained in this video! Good stuff as always, thanks!
My generation forgets about the work that goes into being successful.
One can really hear your years of experience when talking. Literally everything you say makes perfectly sense to me! Thank you so much for everything.
Man this answer knocked it out of the park! I wish i heard this 5 years ago! It was definitely a huge light bulb moment. Thank you Alex.
One of the reasons why most people think they deserve quick money is because some guru probably sold them the idea that they can be a millionaire in 90 days if they buy their $2000 course
Can we just stop for a moment to appreciate the high quality of knowledge available to most of the world through internet.
Everything you say here is self-evidently true (and thank you for saying it!)- except one thing! That is that "you will enjoy what you're good at." It's a small point and not the most important part by far, but just to give a voice to those who find themselves not fitting there.... My family is full of people who are very good at what they do, and yet they don't love it. Some even hate it but they're in too deep for too many decades to want to risk plunging their lives into chaos to do something different, just because they dislike/hate their work. They are also all entrepreneurs who own their own (adequately) successful businesses. I don't know anyone in my family who enjoys their work, haha, and they chose it! It can happen. They do enjoy what their work affords them when they're not working, so that's not nothing and must be enough for them. I love what I do (I am a sahm); I've been my own boss for over 20 years, my clients seem to love my offers, but the pay is abysmal. 😂
Watching your videos has become a daily habit for my mental health 💪❤👑
EVERYONE needs to be slapped in the face with the harsh reality of the work involved with real success! You're a wealth of knowledge Mr Hormozi! Thank you!
Yourself and Leila are helping me fill in the missing pieces of building my business. In a nut shell I have no clue what I've been doing.
There are no shortcuts to success... this is what I needed to hear Alex thanks for sharing 💪
The principle that you should provide more VALUE to customers and engage in DIALOGUE will propel your business to a higher level.
100% true! Good stuff! And speeding up the process is only realistic by increasing the percentage of your schedule you spend in practice and implementation. Love these talks!
Dude this is truthful. If only people put away the adhd and worked alone! No matter where you are!
Helpline 👆👆
On how to start earning
Love your content Alex. I recently found you and got your book. I’m 2/3’ds of the way into the book and I’ve taken 13 pages of notes so far.
Excited to continue learning from you
@5:00 this is why I love your videos; you never beat around the bush.
You've changed my life. My wife and I are started a company and I'm incorporating what I've learned on your channel.
I also just took a hardcore accounting/payroll job that I have minimal experience in, over an easier management position that would pay better because I'm more interested in building fluency in finance. I definitely would have taken the easier route had I not been Mozi Nation follower.
Helpline 👆👆
On how to start earning
You are actually my favorite content creator and I’m so happy you make videos that change peoples lives, like mine.
Thank You endlessly
I feel like I’m looking at the playbook. So happy I stumbled on your page. Coming from a 22 year old realtor on Tom Ferry team, you’re helping me see the chess board with some extra clarity thanks
Another thing that really matters is having the right mentor. They can teach you things that took them a long time rather quickly 💪🔥
I can’t not tell you how much I needed this. Thank you so much 🙌🙏
Appreciate all the content Alex. It’s refreshing to hear someone who’s honest about the entrepreneurial journey.
Breaking down the ego and looking at reality** is something most humans never do. That's where having self development work under your belt is so key.
FOR 18 YEARS STRAIGHT (that's alot of experience) I've only done one thing and that's helping course creators, coaches, trainers, authors, teachers get more students/customers/clients using media and the internet. That's the niche I'm in. This is why I'm having so much success anytime I help someone do exactly that in that space to scale their business. And we have multiple 8 figure case studies because of it.
In a video about issues with SMMA scene, here’s a comment about why people should go with your SMMA hahaha
I have decided to switch to online school in order to get the working/sales experience as a real estate agent (already licensed). My goal is to be successful in real estate so nothing is better than just throwing myself in the arena to learn. Thanks Alex.
That’s awesome. Good luck brother!
Same bro I dropped out to do it!!
Uff powerful video Alex. Puch after punch, truth! Appreciate you sharing such wisdom, so easy to fool ourselves in believing there's a shortcut. The work is required, period.
Having a well tailored strategy is crucial. Thanks for always sharing interesting examples from your experience, Alex. 👍
Man speaks it real. I once tried to start a painting business before I even knew how to paint. I eventually learned how to paint after a few years then switched to the tech industry currently in project management.... starting at the bottom per say so I can start a business that I can do from anywhere. Progression = Happiness.
Helpline 👆👆
On how to start earning
Funnily enough I learnt this lesson recently when I decided to start my own business. But I actaully really enjoy learning all the back end stuff, like I want my customers to receive a clear and timely invoice. Something simple like that you don't start knowing how to do and is one of many things to learn.
I'm considering to change my industry, but after following Alex for a while, I cancel my plan and stick with it.
Thank you so much!
Good luck!
This take rings true, and also goes against what many teach like Russell Brunson that you don't have to be an expert, you just need to be one step ahead of the people you're trying to help. I like seeing where your approach differs from his.
Dude, you're hilarious! On a serious note though, this is honestly the first time I can relate to someone here on this RUclips platform. The a** kicking never stops so whenever you make progress on those things you suck at you eventually notice the small victories coming to fruition (Just to get kicked again lol). I recently graduated and got my MBA plus a passion for software and also left my full-time job to work in the home improvement sector to solve a specific problem. The market size surpassed $762.9 billion in 2020 so not a bad field with a CAGR of over 4.3% till 2027.
Helpline 👆👆
On how to start earning
I was a youtuber for years and finally figured out a way to make money by helping other RUclipsrs. I want to solve the problems I struggled with when I was growing my first channel to 100k.
Someone that is actually no bullshit, clearly knows his stuff and actually wants to help people with no perverse incentives. Unbelievable
The video that changed the whole trajectory of my life!! Thank you 🔥
Thank you for the free information , really appreciate it ! :)
Just got my LLC papers in the mail yesterday 😭 (tears of joy) I have 10 years experience in coaching & 5 years focusing on weight lost & I’m ready to QRUSH IT 💥
Btw I now legally own QRUSH FITNESS!
I appreciate the push to speed up the process of getting started
Congratulations! I would like to do a podcast with you. Are you available?
Boom. I have actually done it all this way, just stared selling door to door about 5 years ago, and now why I have built up all the skills I have now. Crazy this in encouraging- ok back to boring work.
Somewhere you said i was lucky i syarted young at 23 ! I got shocked i am 22 right now and i started at 21 now i have started understanding how to Make a customer value journey and stuff
I often see darkness! I am afraid of the law, i am afraid of taxation, i am afraid of con man out there to fool you!
Just becauss i dont know it yet!
I wanna go through the process! Though i was rushing and feeling sad as why m i not able to make it!
Thanks to you! You are genuinly adding some serious value ! Now i know my next steps
Lots of love and respect ❤
this one was SO NECESSARY to me. tks a lot and keep going, we see each other in the future.
My man going strong 💪🏻. Respect the game ✊🏻
Dude that is so true. I’ve been in my current industry for four years and I’m just now starting to see decent growth
Like these 10 minute videos of gold.
Helpline 👆👆
On how to start earning..
Awesome stuff, thanks Alex, I learned a lot from you
Sound advice. There are no cheat codes. Put in the work.
Nice content! The best way to find that balance between saving and living is by investing, this way you get to have your savings intact and then live comfortably of the revenue coming in from your investments.
He basically said that we suck but we still liked what he said
maybe thats what differentiates btw people who accept the situation to get the advantage vs people who dont accept the situation up until they lose it all.
As always... thank you Alex!
Another excellent video
Some people are not willing to suck at something long enough to get good at it.
Helpline 👆👆
On how to start earning
This is the whole thing about people selling marketing educational products on topics they don't really know!
I've been learning stamps for three years and went through the pain of trying to learn as an absolute beginner. DADA! That is the problem I am solving. Also, can't find information about stamps unless you want to troll through hundreds and hundreds of posts on stampboards. DADA laying it out to be able to find more easily. Going to take at least another year to get it up and running but I can only learn and write so fast.
Thanks for the Enlightenment, The best way to find that balance between saving and living is by investing, this way you get to have your savings intact and then live comfortably of the revenue coming in from your investments.
first time watching this and im happy i came across this video thank you alex gave out so many gems i started my clothing business last month and still learning.
I don’t think YC looks for people that have prior experience in the space they’re pursuing tho
- Brian Chesky had no prior experience in hotels before building AirBnb
- Patrick Collison had no experience in the payments space before building Stripe
- Drew Houston had no experience in building a cloud storage business prior to Dropbox
Great Content... Instead of building a marketing agency like every 17 year old with no depth of understanding right now, I probably will do the boring work and write this comment to comeback to it a few years later when I have the industry exp.
See y'all in 3-5 years ;)
Wow, I believe everyone needs to listen to this particular video. Very, very strong!
I love this video so much.
Such a breath of fresh air from all the "marketers" in the internet space.
Astute and insightful as always Alex. Thank you
GREATEST VIDEO EVER🙏🏾🙏🏾. Need to hear everything gem 💎
Love the idea of first trying and doing and then learning. I struggle with trying to master the theory first before I get the courage to try
This video is pure gold. Everything he says is spot on!
Lots of interesting ideas to think about. Sometimes progress is not a matter of speed, but of direction and persistence.
This is the thinnest room i've ever seen in my entire life.
Helpline 👆👆
On how to start earning
Who but Alex in a world surrounded by click-bait will say, "Well, it's cause you suck."
Biggest mental band-aid we could ever rip off. No BS, Alex walks up ('you asked me to do this...') RIIIIP...
Skwatz reference…. I’m in! 🙋🏼♀️
*Never underestimate moderate action taken consistantly*
”If you tell me that you desire a fig. I answer you that there must be time. Let it first blossom, then bear fruit, then ripen.” - Epictetus
Stay Based
Awesome video.
Learn always from the people that have done it not the ones that have thought of doing it!
took us 30 yrs. to get from
poverty through low income
to just one year of six figs.
still learning everyday
pivoting often, working,
always improving, etc.
The beautiful thing about skills is, a lot of stuff from a lot of skills can apply to other skills. The more ones you have, the easier it is.
Helpline 👆👆
On how to start earning
Saw the interview from Stephen, glad to see you have a channel.
That’s what I love about my dads grind. He’s good at what he does and knows his niche. He’s just not been great at scaling his business.
Helpline 👆👆
On how to start earning
It’s quite a mix up in my head when I read about people grabbing multi-figures monthly as income in investments even in this crazy days in the market,any pointers on how to make substantial progress in earnings?would be appreciated,
Elianabk is the name.
@Jilang Chen This lady right here,I tradr with her she’s inventive and the P.O.T are no jokes, I won’t look awestricken u made mention of her,,
I think a Good T/A like her will pay off more than random u-tube videos,a lot of RUclipsrs don’t actually care if you loose money, they just want more views and traffic!.,
Simple step-by-step process, excellent and good response times. The service was extremely streamlined and friendly throughout. Would recommend them to anyone give Eliana Brooklyn a try.
Nice gramm Elianabk
Love how you keep it so basic and to the point
Helpline 👆👆
On how to start earning