Stop Being Broke. Get Busy.
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.
Пікірлер: 495
Want to SCALE your business? Go here: acquisition.com Want to START a business? Go here: skool.com/games
@ahmadnassef670
16 күн бұрын
Im still waiting on my free books for pointing out the “Vanderblit” typo lol i see you guys made the correction
@AlexHormozi
16 күн бұрын
@@ahmadnassef670 you can collect your reward on my podcast episode 579 (both audiobooks free). PLUS both courses on my site free. Acquisition.com/training Just don’t tell anyone. 🤫
@ahmadnassef670
16 күн бұрын
@@AlexHormozi Thank you Alex. You have been very much generous with your knowledge. Respect.
@Gos0031
16 күн бұрын
😊😊😊😊😊😊😊😊😊😊😊😊
@hivyfalou1393
16 күн бұрын
I wish there are more people like Alex, Leila and all the people I watch on KZread, you guys always make me look forward
Basically what Alex said: 1. Small companies have an advantage in doing personalized approach.(So utilize it.) 2, anything is scalable.(So stop whining.) 3. Sell to high ticket clients first.(By doing DFY services.) 4. Sell course's on skool community. (by doing dwy services.) Mid ticket clients. 5. Read his book.( 100M offers and 100M leads.)
"Whatever your hand finds to do, do it with your might,"' - Ecclesiastes 9:10
Quote of the day: "you can't be busy and broke"
@AlexiDrouin
16 күн бұрын
Agreed 👍
@cIiffe
16 күн бұрын
sales line for “i’m busy”: being busy is better than being broke
@woodvineandco
16 күн бұрын
I wish that were true!
@cIiffe
16 күн бұрын
@@woodvineandco you can be busy and broke if you’re busy doing the wrong things
@GeoGrloss
16 күн бұрын
you can busy and broke if you not smart. If you smart and busy you can't broke. if you smart and broke you're not busy.
"I'm a 7 figure entrepreneur" ---- Alexes reply ... I dont give a Sh!t. Best business coach ever 😂. Much love alex keep them coming
@Luan_and_only
14 күн бұрын
This made me laugh
@alana2you
8 күн бұрын
How did you do it? Can you provide advise? Thank You.
@smugglemuffins
7 сағат бұрын
@@alana2youthat’s a quote from the video
“You’ll learn before you’ll earn” I love it, because it’s true
"You can't be busy and broke! Pick one." Well...damn. I never thought that one sentence could be my master key right now and be an entire Business 101 course.
@user-df5ym9dv5g
9 күн бұрын
90% of people are busy and broke.
ALEX DON'T STOP MAKING THESE VIDEOS
@cranjusmcbasketball4977
10 күн бұрын
“Mmhmmm❤ yeahhh harder babbyyy DONTTT STOPPP mmoohhyeahhh” energy. Mental masturbation much?
Every day I wake up thinking I’ve got shit to do and then Alex uploads a video and the whole plan goes out the window😂
@iliasherbalist
16 күн бұрын
I KNOW RIGHT?
@bastianrivero
16 күн бұрын
Alex despises distractions but he is the biggest distraction ever 😂
@theweb2labs
16 күн бұрын
No front but you should use this stuff as education while you have the education time instead of entertainment that needs to be consumed as it gets released...
@degreaseLLC
16 күн бұрын
The irony 😂
@SHANONisRegenerate
16 күн бұрын
Ah yes this dilemma. Listen to Alex while you sleep Padawan
This is so on point. Broke- then work more. Learn more than you earn @1st. Solutions are made through talking to customers
Alex, thank you for coming back with your ‘old style’ ❤ - no more flashy shorts / no more ‘mass-oriented distracted’ videos - I look forward to picking up your brain / learn.
We all like to focus on the hard shit that may happen when we haven’t even started. Just start then you figure it out. Love that line from Alex
When Alex starts videos with a disclaimer AND you can hear the passion in his voice, it’s a good vid.
Stay passionate. Do not lose this feeling brother. I need you. I promise you that you are changing my life, and many other’s as well. Thank you.
@user-ht9fr6eh9u
8 күн бұрын
Jesus is ALL+
lol, I was a PT for a while once, and every SINGLE client said they didn't want to be too big.
@user-df5ym9dv5g
9 күн бұрын
Maybe they don't want to increase stress levels in their life for some additional cash.
Never have I really been compelled to write a comment. I usually consumer and listen. However, this video guided my fingers without thought to the keyboard to simply type... Thank you... currently 1:15 am and sitting at my desk overwhelmed with work, but these videos have been a constant beacon for encouragement and enlightenment. Alex, please do not stop making these videos. Sincerely, a dude in his late 20's running a business to provide for his family of 4 ❤
Thank you for speaking to our excuses 😀
You can't be busy and broke at the same time!!!! thanks a lot for being this real man
Doing the unscalable in services also informs what products you should launch for your type of client. And we know products tend to be much more scalable than services.
Whoa... Am I seeing Alex's whole nose?
Definitely in the broke AND busy phase ngl. 😭 Selling services to public schools, not hitting the sales goals, laying off the whole staff and doing all the deliverables solo for rest of my clients for a year while working other gigs to offset the lack of revenue all while addressing the issues with the marketing, packaging, product development, and city logistics feels very much like being broke and busy. Bout to kill it this next school year tho. I learned and implemented so much.
Love the 20 minute videos. Perfect amount of time to watch while I eat. Then back to work let’s go
@umarsyedexp
12 күн бұрын
Literally did the exact same. Great use of time.
Honestly I have a lot less existential dread about the inherit malevolence in the world because of people like this actively coaching the world into get their self sufficiency up. Thankyou Alex hormozi for doing this!
Can we say he is the Rich Piana of the business. He was honest at his level. Respect!
Also, shooting the ads on the day of filming the video it accompanied and intertwining the video’s content with the ad is absolutely genius.
Content creators, remember people are paying you with their most important asset. Time! Treat your work like a business not just content. Stay Uncommon!
This is a great video. I’m going from 0-1 and all the knowledge out there is really how to go from atleast 0.1 to 0.2
I want to cry because what you deliver is so good!!! Thank you Hormozi!
What I love most about you Alex is that you're one of the very few people that can provide 2 hours worth of business training in 20 minutes and 24 seconds! Bravo brother! You Rock! Thank you!
Let's go man! I love the fresh new content you've been posting lately!
Alex dropping daily is the best
Thank you again, see you tomorrow.
this is real Loving the authenticity you can feel the energy difference from all your vids
You definitely have my sub. This content is next level. For me Eledator was the turning point. Please keep doing what you do and keep being you, love it.
@q3a
15 күн бұрын
What is Eledator?
@LakesReptiles
15 күн бұрын
@@q3a you are replying to an advertisement
I can't say this happens often, but 3mns in and this is GOLD, I see so many startups that are looking or talking about scaling and they don't even have a MVP or PMF... Sale 1, then 2, then 10, then we talk!
Damn, this video actually hit me. Its so simple and true, per usual with you ofc. I was sitting here watching it like, damn, no wonder I'm broke...I'm just sitting here watching this video instead of getting busy on something that would make me money lol.
This content (and, more importantly, the quality of the content) output is next-level stuff.
I start watching and instantly push the like button because I already know value will be delivered for Free!
Gold. Love this new format.
THANK YOU MAN. I needed to hear that.
Needed to hear this! Was getting frustrated doing the day to day but I know eventually it won’t be me doing it!! Gotta keep grinding 💪🏼
All Alex Videos goes into my Playlist for daily watch.
I’ve got shit to do.. and then Alex uploads a video and the whole plan goes out the window
@YasirKhanCoaching
16 күн бұрын
🤔
@deecee2174
16 күн бұрын
Do both!
@ElStanleysMusic-pb9jm
16 күн бұрын
Uve been missing the point then
@YifatCohen
16 күн бұрын
LOL. That's what the treadmill's for. :)
@nonefvnfvnjnjnjevjenjvonej3384
16 күн бұрын
also what he says is all fake
00:00 Focus on scaling the unscalable 01:58 Start small and progress gradually towards your goals 05:21 Get busy and do unscalable tasks to learn from customers 07:01 Focus on consistently onboarding and retaining customers to improve your business. 10:10 Businesses incur debt, but choose the type carefully. 11:51 Personalized communication is key in sales. 15:19 The easier something is to sell, the harder it is to fulfill. 17:02 Transition from done for you to done with you. 20:00 Improving sales skills leads to better customer engagement Now Go Crush it.
Hardcore --- Thanks a bunch! I certainly needed this.
New Task: - Hand letter on all of my orders 💪🏽🤝🏾
Alex usually says what most of us (kind of?) already knows! Now it's time to do shit and make it happen!! Thanks man for keeping it fresh!
I swear your videos are always interesting and informative. Thank you
Thats why I chomp through info more concerned with knowing its possible more than remembering how to make it possible
Ain’t it funny how this vid doesn’t have 1 million+ views. It’s because it’s the harsh truth you have to put the work in and not some ‘quick tips to make you rich’ vid… the majority aren’t prepared to put the work in
@thelifewithnate
15 күн бұрын
Yeah, I'm struggling with that not going to lie lol. I definitely got into entrepreneurship thinking it was glamorous and its all hard work lol
@user-df5ym9dv5g
9 күн бұрын
Everyone is prepared to put the work in, no one is prepared to get nothing in return 90% of the time.
This man’s dropping gold ‼️
Alex says a lot of things that I have discovered as a small business owner, but I haven't heard other people say. You can tell he's been in the weeds! Good to see marketing content that provides value without being fluff.
Just read “Do the things that don’t scale” by Paul Graham
Watching from Bangladesh. I was initially inspired from Ali Abdal when I started writing online. My life literally turned out for the good here. I went from being just an average 2nd year med school student to a six figure earning freelance content writer. My life has changed for the better. Now I'm looking into content creation myself. To anyone watching this: TAKE ACTION!. Even when you don't know what to do, even when you are not sure when to do -- JUST DO IT!
@Rafael_Sales
13 күн бұрын
Hey man, I’m a Brazilian copywriter looking to enter in the US market. Do you have any tips for me?
@Moinul.thehappynerd
13 күн бұрын
@@Rafael_Sales Well, there are lots of tips to go through. What are you specifically asking?
@djm2781
11 күн бұрын
Wow, how did you find clients?
@Moinul.thehappynerd
11 күн бұрын
@@djm2781 Well.I got my first client via cold emailing. I made a detailed video on it on my youtube channel. its in bengali though
Fire advice. 🔥🔥🔥 Thank You.
Thank you for scaling our business mentality 🎉🎉🎉
On point! Thanks Alex.
Thanks Alex!
Alex, you’re a great speaker that knows how to utilize tonality to add meaning to your words. Could you make a video on it?
Oh man, something got into the Hormozi Wheaties today... The thing I love about watching these videos is when Alex punctuates when he speaks... Comma... Much love, love what I'm learning senor, keep em coming, my biz is better because of you and your lady... Period...
Sometimes you just have to be reminded
Thank you Alex - got some good food for thought out of this.
I can't believe it played in the background while i'm awake at 6 AM to find keywords to rank for on google in less than 2 Week so i can close deals with a Grand Slam Offer in specific areas😢😢😢😢 You will change my life & i started to believe in myself more lately I love you man ❤❤❤❤
OOOO love the Moody decor . Glad to see ya Moz!
SOP will change my game... Gotta get out the learning curve and start doing
Thank you Alex!
Dropping bombs of knowledge cut and dry. 💪💪💪
Don’t think 10 steps ahead, think about the next step. 💪🏻
So much inspiration 🎉…just signed up ❤
I've learned a lot from you, alex, and I started following when your channel was still coming up. I wondered how you didn't have a lot more sub at that time because of the value you provide !. Keep up the great work ❤
Dude is running multiple successful businesses and is posting almost daily, I gotta step up my game. Respect 🫡
@antisugarcoating
10 күн бұрын
Scalable= people are running it for him so he has time to make content... thats what the video is about 😂
Wish I had this video 5 years ago. Would have saved me so much lost time and hard lessons! The fact that this content is free is insane.
Very helpull, man. Much appreciated.
Dude. Alex. 🙏 Thank you so much 🙂↕️
This video at 1.5x speed became a great workout mix for me. Alex Hormozi’s workout and podcasts mixes is the new thing now.
@user-ht9fr6eh9u
8 күн бұрын
are you high?
Quality content, thanks for uploading.
Dude is making an impact so huge it’s becoming a problem!
$20 a person does not pay for living expenses and basic bills or even operating cost you need volume and let's not forget that the numbers don't add up here
Every time he upload I gotta watch don’t matter what I’m doin😂
Thanks for your advice
Alex on a rolll man !!!
Great video and relatable. I am a starting comedian, and I am starting to see how to work the crowds. It is subtle, but once you see it, it is hard to unsee. Thanks 🙏🏻
Alex breath wait you are lol I love the passion on display.
Never seen Alex so annoyed 😂 love the content!
I needed to hear this.
Thanks for sharing
"Business King" this title should be given to Mister Alex literally in each and every video, we get tons of gold as value every time I watch i feel guilty for watching for free thanks for each and every effort you are giving make sure to take care of your health you look a bit ill
unbelievable value in this video, much appreciated.
this version of alex is my new favourite
Alex props bro this shits addicting
"that gravity exists differently in your world?" Terrence Howard from around some hidden corner: "...the angles of incidence of the lynchpin state that the platonic solids...."
@mitchelldrake7113
16 күн бұрын
“…But what if we were to DIVIDE 1 by 1…”
@KhemistrySet
16 күн бұрын
C’mon mayne….
I love this man.
Wherever you are....BE THERE! Focusing on the future or overthinking can detract from acting in the NOW. The action you speak of is the experience needed to better understand the emotionally journey. This in turn helps the lessons be remembered and taken for future practice. Good communication, especially with customers helps us build better products and services. I like the way you speak and the messages you convey ❤ 🔥🔥🔥
I really admire this man. 🔥
Stay blessed Lex
Great video. Already doing this but nice to have the confirmation
Alex always speaks at 1.25 speed
Obsess over the customer
Great vid
thank you my G