The Struggle IS THE Journey | Ep 816
The Game w/ Alex Hormozi
Deep Dive
What does Alex Hormozi mean by 'the price is the suffering'?
Alex Hormozi explains that the 'price' of achieving goals, such as making money, gaining influence, or running profitable ads, involves the suffering and uncertainty of not knowing how long it will take to succeed. It’s not about avoiding suffering but embracing it as part of the journey.
What is the significance of commitment in achieving success according to Alex Hormozi?
Commitment, as defined by Alex Hormozi, is the elimination of alternatives. It means fully dedicating yourself to one goal without distractions. He uses the analogy of a pig being 'committed' (providing bacon) versus a chicken being 'interested' (laying eggs) to illustrate the depth of commitment required for success.
Why does Alex Hormozi emphasize consistency over intensity?
Alex Hormozi stresses that consistency is more important than intensity because small, consistent efforts over time yield better results than sporadic, intense efforts. He compares it to working out—doing 10 minutes daily is more effective than one intense session every few weeks.
What does Alex Hormozi say about the fear of missing out (FOMO) in entrepreneurship?
Alex Hormozi explains that FOMO arises when people see the outcomes of others’ efforts without understanding the sacrifices and inputs behind them. Social media often shows curated highlight reels, creating a false perception of what it takes to achieve success.
What lesson does Alex Hormozi share from his father’s journey?
Alex Hormozi shares his father’s story of perseverance, including failing medical school twice in France, learning English in the U.S., and building his own surgery center from scratch. The lesson is that success takes time, effort, and resilience, and setbacks are part of the journey.
What does Alex Hormozi suggest about the role of social approval in entrepreneurship?
Alex Hormozi advises entrepreneurs to decouple their self-worth from social approval. He emphasizes that seeking approval can hinder progress, and being willing to be misunderstood or face disapproval is often necessary to achieve exceptional results.
What does Alex Hormozi say about the timeline for entrepreneurial success?
Alex Hormozi highlights that most businesses take about five years to figure out what works. He encourages entrepreneurs to stick with it, as the years spent learning and failing are not wasted but are essential for growth and eventual success.
What is the key takeaway from Alex Hormozi’s story about his fraternity experience?
The key takeaway is that hard work and sacrifice are necessary for meaningful achievements. Alex Hormozi used his fraternity’s pledge process to illustrate that enduring challenges is part of earning respect and reaping long-term benefits.
What does Alex Hormozi say about the relationship between volume and success in business?
Alex Hormozi argues that insufficient volume is often the reason for lack of success in business. He explains that volatility in results, such as inconsistent leads or customers, is a symptom of not doing enough of the right activities consistently.
What does Alex Hormozi suggest about the importance of eliminating alternatives?
Alex Hormozi suggests that eliminating alternatives is crucial for commitment. He uses the Viking analogy of burning boats to show that removing fallback options forces you to focus entirely on your goal, increasing your chances of success.
- The price of success is the suffering involved in the journey.
- Commitment is the elimination of alternatives.
- Many people want success but are unwilling to pay the price.
Shownotes Transcript