I sold my company for $46,200,000 at age 32...7 LESSONS I learned..
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- Опубликовано: 3 окт 2024
- Want to SCALE your business? Go here: www.acquisitio...
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.
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As a 33 year old running a small business I can honestly say this is mindset coaching worth paying for. Thank you for these free videos Alex
Agreed
Hey Alex, can you do a timeline of your life? I think it will be super insightful and inspiring!
Second that this would be awesome. All of the pieces are out their but having the story in one video would be amazing to watch
"draw my life"
He's already done it in his books
@Obe who said anything about comparing? He said insightful and inspiring. You need to update your mindset serious bro
Half the timeline will be him bragging about himself.
Alex "The Most Swole Billionaire in History" Hormozi
Jeff Bezos is catching up 😂
Swoleionaire
He's probably our best hope for a billionaire superhero tbh
such a good breakdown
This mustache dude has so much gold. Please share more experience. Appreciate you sharing as well
You are the only creator I've found where 5 minutes in to a video, I put the speed back down to 1.0X and start from the beginning again.
One of the most in-depth, self reflection videos about the process of M&A - so good. Was cool to hear your reflections and think back to our transaction that took 20+ years to build, and some of the overlapping experiences we considered.
I love how you are human , you also have two contradicting pieces of advice that i have been going back and forth on as welll this video makes it easier for me to pick which one brings about more progress in this season of my life .
Thank you for taking your time and energy to share!
Mr. Alex! Your videos Have just recently been recommended to me and gosh! I want to think like you do when I grow up, haha. Thanks for documenting your journey and thoughts for us. This is pure gold!
This was a huge decision and fascinating how you worked through it. Thanks Alex!
*To all the dreamers out there, don't ever let the world's negativity disenchant you or your spirit. If you surround yourself with love and right people, ANYTHING is possible.* 🙏🖤
My favorite person on RUclips hands down! I can only hope to be in your shoes with my skincare business one day!
Thank you so much for everything Alex… You are changing a lot of people’s lives.
thanks for the thorough breakdown Alex. Incredible that you could synthesize all the various frameworks to get to this decision, and loved hearing your candid thoughts, the 'non-hype' version of each and every one. Thanks and all the best to you as you move fwd with the future here!
So grateful for the valuable insight you consistently provide 🙏🏼
Alex you’re an absolute G bro!!!!
Alex, you are a hero! Thanks for sharing, your insights mean more than you know.
Thanks for this amazing video Alex! I am grateful that you share these things for free on RUclips. It's like having a digital mentor.
One of my favorite Channels! Thank You Alex
Jesus dude. Another banger 🔥🔥🔥
Same feeling leaving a job that was mentally consuming - you see more once that block is removed
This was definitely a big growing pain for me, but super valuable once I accepted it and stopped looking back at leaving a miserable but comfortable/ well paying job. Have now more headspace to learn and acquire skills in goals that will actually challenge me and bear more fruits than building that other guy's dream. However, I don't necessarily condone this for everyone. It can take a big mental toll on otherwise vulnerable personalities. Also, some people are definitely meant to be employed and are more fulfilled by that which is perfectly fine.
Hi! I have a well paid job that I hate, a wife and 3 kids that I love, and an e-commerce store on the side.
My desire is to go all in on the e-commerce store and quit my job. This job is a huge drain of headspace and time.
It is taking me years to make the e-commerce generate as much income as the job, because of the lack of time. So I would like to quit the job and go all in on the dream. But the job is a secure income.
I'll have to use Alex's reasoning power to decide what to do 🙂
@@KlaasVictorhow is it going? :)
Hi @@andra9694 thank you for asking!🙂
I quit my job and offered marketing services as a freelancer. The goal was to earn the same as my job, but in less time.
Now I work 3 days a week as a freelancer and earn the same as 5 days work in my previous job. So that freed up 2 days a week to work on the e-commerce store.
Let's see what 2024 brings 🙂
And what about you, what is your story?😊
Thank you so much for sharing all your knowledge over the last year or so. Your content is incredible. I've learned so much. I bought the hard copy of your book and am implementing changes in my offers. You're a Godsend to the business world. You truly are the ultimate Go Giver!!
Making the right decisions is so difficult and so important at the same time. Thank you for teaching us!
Soo loving your videos. Most awesome ..
Have you thought of having some padding on the walls to reduce the echo?
You rock homie🤗🙏 let's get it!! Who else is with me? 👀👍💯
Alex could you make a video talking about the first 6 months of opening your first gym. I’ve heard a lot about the ground sleeping but I’d love to hear your first hire, how you worked all aspects of the business and what you would’ve done different.
Really enjoyed this video love hearing kind of where your headspace was with making the decision definitely a great way to lay it out.
Thank you for these bangers my G, excited for the next book
Thanks Alex, for this gold content. Hopefully, in the future I may apply ideas, and advice that you share in my life.
Alex not only arr you helping us by recalling all these lessons, but you are cementing them into your brain by actively recalling them yourself. This helps you learn from them just as much as it helps us to hear then. Thank you
I just wish I could of have an mentor whose as insightful as Alex. I’ve learned more from him in the past months than I’ve learned in my 30 years wow!! This is something you just don’t hear living in the hood
Very important to get that education wherever you can my friend. Stay on that path and take action and win. Good luck.
Very insightful overall but my favorite part was the Soft Decision Framework
His guy has massive charisma
Hey could u make a video on how you managed your time on a daily/weekly basis managing multiple companies like how did you divide your focus? if that make sense.
I'm 27 mexican i feel like this should have millions of viewes, thanks
eternally grateful for these videos/education its priceless thank you
Amazing to see your process going through this. Thank you
Last time I felt so much Value through a screen was when I found Alex Becker.
Incredible content Alex.
Heres something you dont ever hear about, thanks for the gem Alex! Ive learned so much from you Thanks a ton!
Love your Authenticity 🙏
Lmao at the thumbnail... The Afghanistan part really sealed it lol
The "flu", I love it 😂
18:22 I really appreciate your honesty getting inspired by you planning to make 10 my current salary!
Thank you for making this video, I know this will ripple throughout the rest of my life
Good walk-through of your decision-making process.
I really appreciate you and your channel Alex, thank you
You are the best ever
38 and looking at a mid 8 figure exit. But have nothing else lined up afterwards. Nervous for the future but want something bigger and better.
wow
this was a really good video alex ,looking forward to part 2
Your a Blessing man!
Fascinating to hear your thought process!!! 🙌🏽💖
Man I know I've said thank you before but let me say it again... thank you Alex...
The videos that have helped me the most (because of how I've been carrying myself) are the ones that talk about
"the 3 parts of the ladder"...
"taking immediate action" ...
"taking high volume actions"...
"why you don't visit your relatives in holidays"
I guess that was 4 and not 3
Oh and when you say "we question all our believes except for the ones that we truly believe"
You are pretty smart
Thanks for the valuable advice you shared Alex.
Thanks Alex, you are great 👍👍👍
Great frameworks
You sir are a beast!
Thanks for the video, perceived sense of loss is real. But you never can truly fall all the way back down, you have the mindset, knowledge and relationships of a $100M/ year man. And no financial loss can take that away from you. God bless Alex, these videos are helping me in my own journey as I "do the boring shit" in my own business to take something that is doing 4-5 figures/ mo avg and make it 6 figures consistently. The money and growth is there I just have to be consistent and do what I know is right.
Bro you have the best energy
Very interesting to hear your thought process. What is one resource that impacted your thinking the most?
Alex is dropping more gold 👏👏👏
These videos r way better than the new edited dopamine ones
Appreciate this Video, Alex. Useful tips. 👍
Thank you very much alex... really usefull.
Still deciding what to eat for lunch. This is next level.
That sounds like Dr. Kashey Advice
The little flu XD! awesome content as always
one of the dangers being a veteran sales person is that you can sell both sides of an argument to yourself
Yep that's why we do this to look back and remember what were thinking?
You’re amazing man
If you put audio foam on your walls in that office, your sound quality will drastically increase! :)
great vid, thank you
Thank you.
Alex, I really appreciate all the advice you have provided! I have watched many of your videos. This is very valuable as an e-commerce business owner. Can you go into more detail about how bankers can over promise things? Also, can you provide more tips/strategies on how to make sure to get the highest amount of money for your business when I try to sell my business? You mentioned you went to multiple private equity firms and such
Insane margins.
Great insights. But maybe a big frame of reference is when he said "My wife and I had $20m saved up at the age of 28". How many 28 year olds do you know have 9 digit net worths?
The path to the first million or $5m is super interesting. Especially when he did it a such an early age.
Can you make a video on what mistakes you make with your gym business when you were starting and how you would do it if you were to restart?
this sounds too good to be true
U re like my super hero now hahahah Hope to make 6 figures soon
Love you man 💞
23:55 listen this part at least a few times.. 👀👀👍
this is an amazing story and i'm not even halfway through
I hope Alex runs for president one day
I will be listening to you, way beyond your first billion. Believe that.
Alex, can you do a video on how to approach B2B for a new service business with no clients? (and pushing my luck- for a graphics/art agency). What would be your strategy, size of companies to approach, all that good stuff.
Petty point but - Elon as no big exit is a bad example because PayPal was a pretty big exit (a smaller thing before that too)
How to build a company...next video please
Yo Alex do u ever feel like u would have been a bezos, zuck, Elon already if you didn’t sell?
How long did it take for the transaction? months, years? Any specific days?
Thanks Alex 🙏 what has been one of the biggest contributors to your success so far?
Please include timestamps
Man who was never willing to sell his company (equity) never made business big.
- some judge from Shark tank India.
Sounds fun
"I hit my network up" to find out what the business is worth... @alex, I'd invite you to expand on that topic. What does hitting your network up look like at your level?
Beard game strong 💪
What company?
Gold
Did your nose heal
At what point in your journey did you start keeping notes on your daily business happenings?