E103: Alex Hormozi - Private Equity’s Next Billionaire?
Update: 2024-10-15
Description
Alex Hormozi, entrepreneur and founder of Acquisition.com, joins David Weisburd to share his journey of building a $150 million net worth. He discusses the lessons learned from losing his fortune twice, the importance of controlling revenue streams, strategic risk-taking in business, insights into scaling businesses, and the mindset required for long-term success. Hormozi also explains how he leverages his social media presence to drive deal flow and growth for Acquisition.com.
(0:00 ) Episode Preview
(0:39 ) From Management Consultant to Gym Mogul
(4:14 ) The Big Exit and New Ventures
(5:09 ) The Birth of Acquisition.com
(6:00 ) The Power of Social Media and Brand Building
(7:16 ) Investment Strategies and Business Models
(17:33 ) Skill Acquisition and Compounding
(27:08 ) Transactional vs Relational Business Dynamics
(31:15 ) Understanding Opportunity Costs and A-Players
(31:51 ) The Importance of Reinforcement Loops
(32:16 ) Unlocking Discretionary Effort
(33:21 ) Power of Immediate Rewards
(34:23 ) Behavioral Conditioning in Business
(35:37 ) Hiring for Attitude and Intelligence
(38:02 ) The Role of Trauma in Behavior
(39:30 ) The Meta Skill of Learning
(40:40 ) Aligning Incentives and Delegation
(41:17 ) The Founder Mode and Soft Skills
(44:32 ) Operationalizing Culture and Feedback
(46:47 ) Personal Growth and Business Strategy
(57:53 ) Closing remarks
The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co
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X / Twitter:
@dweisburd (David Weisburd)
@AlexHormozi (Alex Hormozi)
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LinkedIn:
David Weisburd: https://www.linkedin.com/in/dweisburd/
Alex Hormozi: https://www.linkedin.com/in/alexhormozi/
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Links:
Acquisition: https://www.acquisition.com/
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Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com
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Timestamps
(0:00 ) Episode Preview
(0:39 ) From Management Consultant to Gym Mogul
(4:14 ) The Big Exit and New Ventures
(5:09 ) The Birth of Acquisition.com
(6:00 ) The Power of Social Media and Brand Building
(7:16 ) Investment Strategies and Business Models
(17:33 ) Skill Acquisition and Compounding
(27:08 ) Transactional vs Relational Business Dynamics
(31:15 ) Understanding Opportunity Costs and A-Players
(31:51 ) The Importance of Reinforcement Loops
(32:16 ) Unlocking Discretionary Effort
(33:21 ) Power of Immediate Rewards
(34:23 ) Behavioral Conditioning in Business
(35:37 ) Hiring for Attitude and Intelligence
(38:02 ) The Role of Trauma in Behavior
(39:30 ) The Meta Skill of Learning
(40:40 ) Aligning Incentives and Delegation
(41:17 ) The Founder Mode and Soft Skills
(44:32 ) Operationalizing Culture and Feedback
(46:47 ) Personal Growth and Business Strategy
(57:53 ) Closing remarks
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