This Is the Best Business to Start
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- Опубликовано: 21 окт 2024
- 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.
![Step by Step Guide to Becoming a Millionaire [FULL BLUEPRINT]](http://i.ytimg.com/vi/AN2KpRBsmRY/mqdefault.jpg)
That's why I started a farm
Mozi farm?
@@paulaCvenecia @smartfarms2024 it's a sustainable bucket tower Farm using aeroponics. We have a cartoon, books, etc
Bitcoin farm?
weed farm?
Alpaca farm?
The problem with these is the immense competition and capital requirement. Might be the best to start, but not the best to start out with - confusing title.
It can be🤷🏻♂️ make hairs or take peoples trash out... or or or
Just go start a major bank.
@@TheChivasRegalJust start your own American government and tax everyone for margin
With the rising prices of fast food a lot of local restaurants and food trucks are killing it rn. I can get 3 tacos and chips at my local taco truck for the price of my McDonald’s order. It’s healthier and tastes way better too.
😂@@TheChivasRegal
I think many are focusing on the examples instead of the lesson ; "best business to start is one where people don't stop paying".
As an entrepreneur you need to understand the physics, but remain creative!
"in a gold rush, sell picks and axes"... So personally I'm selling technology which helps landlords lower their mortgage, insurance and energy bills... Which they can't stop paying ;)
This is great man, It helps landlords yeah but also regular homeowners! I'm in the energy technology sector so we have some overlap, especially when it comes to reducing home energy costs!
solar?
@@danield8632 no, very specialized tech for elderly homes of 150-1500 units in Quebec.
Select a niche, then find what people can't stop paying. Alex's examples are valid, but you still need to niche down when you start!
Smart!!
Very clever! Thanks for sharing this thought
Well said Alex, you just described my partner company. I'll never quit it.
Nose patch business for the win.
😂😂😂😂😂😂😂
😂😂😂😂😂
Ye seriously why is he always wearing a nose patch?
Trying to breathe, duh! 😅
@@KogniTive-pz9ldFor attention. Same reason he does PED’s.
So simple yet so overlooked by many people 😢
Alex Hormozi has said it all
The best business to start..
U find competition in this smart
Pest control is a amazing business and low cost startup for consistent monthly revenue.
Pest control - not every single person keeps paying once the problem stops, but the money comes from those who do. I have customers I’ve been serving for over 30 years. 30 years of paying me monthly.
Thank you so much.
well said!
Looking at the bill I want to start a credit card company obviously
Real estate is the market that it is because of retail investor speculation, commoditization, and greed.
Unregulated immigration and bad zoning laws cause price spikes.
I believe those nose patches are addictive. I used to use them. 😅
I buy groceries. Subscriptions utilities
You have to keep buying food as well.
Real stuff
Start a power industry
They cancel their gym membership though, Alex 😂
I did not know that
I’m starting a new Netflix then
bros editor never heard of a graphic zone
What about starting a pharmacy?
I would love to start a Credit Card processing company or a Brokerage. Ugh.
You can, it’s called merchant services.
You can sign up for ISO partner like Beacon Payments. They handle all the transactions and payments and even supply the POS or gateways, card readers and you can sell on their behalf.
You get paid $300-$400 upfront for each account you setup and get residual income monthly from each merchant account you sign up.
There are other ISO partners but that just the one I use.
CC processing has been on my mind for some time too. Haven't yet figured out how to provide extra value in the market yet
social security: hold my beer
Right beer
Genius
Many new internetprovidors started lately?
All my credit card statements tell me is that I buy a lot of comic books 😊
So I should start a mortgage brokerage company, or a utility company, or an internet company.
Or you can start trash collecting company. You cant stop throwing out trash.
Uh, Rent?
Food.
Colivings?
Well i don’t think this realistic as a start. You need a lot of leverage to start something like this
Cos you don't think. Its realistic to start trash collecting company or lawn mowing company. Stop complaining amd start thinking.
Ok
So subscription based business model
No, recurring revenue. Rent, food, water, gas, Insurance etc.
@@Keepyourselfprivate thank you 🙏
@@Sam_deandrae also digital marketing (small, easy to start.)
@@Keepyourselfprivate I do that now with google ads
Roti kaphra makaan
Taxes!
My advice to these comments: think smaller
Jobs
Not very actionable advice to be honest. Not realistic to go start an insurance or internet provider company.
He’s a fake guru and people are stupid to not see it and even promote him.
No shit, it’s an example. He’s saying that service based businesses are the best businesses to start
The takeaway isn't to start the businesses he mentioned. The takeaway is to put effort into businesses that people need and keep paying for.
For example:
Car detailing
Landscaping
Laundromat
Dry cleaning
Business media management
Roof /Gutter cleaning
Junk removal
Tutoring
Music lessons
Personal training
Leads generation for any business
Dog walking
Any kind of rental business
Don't tell the billionaire that his advice isn't actionable until you've exhausted all attempts to use it.
It's good advice.
You don't actually need to start your own company. You can partner with a well established one. If you need help on this, I can give you some advice.
These are Wrong examples for majority of people who will never start an internet, real estate or insurance company businesses. Talk about realistic business ideas where majority can start up tomorrow. Don’t tease people.
Electricity
Tissue
Can you and I talk about scaling up a HUMAN?
YOU CAN SCALE UP A BUSINESS.
IM SURE YOUVE SCALED UP MANY HUMANS.
BUT LETS SHOW A TUTORIAL ON HOW TO...
IT'S NEVER ENDING.
YOU SHARED WITH ME THAT YOU SHOULD GIVE OUT FREE SHIT.
WELL...
HERE YOU GO.
lol this advice is silly
It's actually a great advice
Wassup
Sad. Imagine how much better the world would be if entrepreneurship was to solve real problems and advance humanity rather than figure out the best way to milk profit.
Bruh. Try *not* paying for rent, insurance, internet, food - even when you can afford all of them.
You get paid if you solve problems.
You get paid well if you solve urgent problems.
You get paid well for a long period of time if those problems are repeating, recurring, or re-occurring.
Generally speaking, solving a problem gets you paid. But not everything you get paid for advances humanity.
So if you really want to understand how entrepreneurship advances humanity keep watching Alex’s videos and find that intersection where you can get paid for advancing humanity
dont hate the player, hate the game
You cant solve problems for free. You would burn out and go bankrupt
@@nazgul7914 when did I ever say it would be for free? It would scale slower but that's perfectly fine in an entropion world
@@Cobalt_11 people pay for what they want
this guy low key is high iq
Uhhh they stop paying rent to you when they move. 🤣 nice try though
And go pay someone else. They are still paying rent though. And again he's not saying you will make 100% of the market share but he's definitely emphasizing on which market to strive for : a big market + a market where people keep paying longer for the solution to their problem. Read his book 100M offers.
Ya, because only 1 person rents LOL.
@gregregor9689 a billion people could rent...no I'll humor you, one trillion..my statement still stands. LUL
@@chazlon5061 I guess lol, but it’s a pretty dull point to stand on considering once that renter moves, you have an asset to leverage in a (presumably) big market. Unless you live in a tiny town, renters will always be there. Any good landlord can have new renters moved in a week after the old ones are gone.
First
Fact 🫡👏🏻✅