Alex Hormozi: $300k/Mo To $1.5M/Mo - This Advice Changed Everything...

The video is about how advice from mentors at a mastermind event helped Alex Hormozi grow his business from $300k/month to $1.5M/month, including the importance of paying for mentorship and surrounding oneself with people who make more money.

This video by Alex Hormozi was published on Mar 23, 2021.
Video length: 10:29.

In this video, Alex Hormozi shares a story about attending a mastermind event where he received valuable advice from mentors who made more money than him.

They encouraged him to capitalize on his current success and not start a new business, and also advised him to 10x his efforts to prevent competitors from taking over his market.

The most impactful advice he received was "when it gets easy is when you go hard." Hormozi emphasizes the importance of paying for mentorship and surrounding oneself with successful individuals to gain perspective and accelerate growth.

• Mentors at a mastermind event helped Alex Hormozi grow his business from $300k/month to $1.5M/month.
• Paying for mentorship and surrounding oneself with people who make more money is important.
• Alex received advice to double his ad spend instead of starting a supplement company.
• Surrounding oneself with people who make more money will move you up faster.
• Choose one vehicle to invest in and wait for the perfect pitch.
• Opportunities are finite, so seize them when they come.
• Don't reverse engineer the wrong sequence and miss out on opportunities.

$300k/Mo To $1.5M/Mo - This Advice Changed Everything... - YouTube

Introduction

• Alex Hormozi shares a story about how mentors at a mastermind event helped him grow his business from $300k/month to $1.5M/month.
• He emphasizes the importance of paying for mentorship and surrounding oneself with people who make more money.

The Eight-Figure Mastermind

• Alex and his wife were invited to an eight-figure mastermind event.
• He felt out of place because he wasn't making any figures.
• Multiple mentors who made more than him spoke belief into him and made sure he capitalized on the fat pitch.
• Russell saw something in Alex that he couldn't see for himself.
• It's valuable to pay for mentorships and people who are ahead of you to give you perspective that you lack.

The Advice

• Alex was nervous at the event because all the guys were titans making 10-30 million.
• Alex wrote on the board and told how their whole process worked and how much money their gyms were making on average.
• Alex Sharpen said Alex had a 100 million business right now and didn't even know it.
• The mentors advised Alex to double his ad spend instead of starting a supplement company.
• It's important to surround yourself with people who make more money than you to get perspective and figure out what you're missing.

$300k/Mo To $1.5M/Mo - This Advice Changed Everything... - YouTube

The Impact

• Jason Fladland told Alex he needed to 10x overnight because someone bigger than him who already had all his customer base was going to take everything he had and distribute it.
• When it gets easy is when you go hard.
• The biggest gift Alex got from the mentors was the fat pitch.
• There are only a handful of opportunities that present themselves in the course of an entrepreneur's career where you have the opportunity, skill, and the stars align.
• Surrounding yourself with people who make more money than you will almost always disproportionately move you up faster.

The Importance of Focusing on One Vehicle

• Choose very sparingly what things to invest in.
• Find your sphere of confidence and stick to it.
• Wait for the perfect pitch that's in your sweet spot.
• Most wealthy people made their money with one vehicle.
• After making their wealth, they diversified.

Advice from Mentors

• Surround oneself with people who make more money.
• Paying for mentorship is important.
• When it gets easy, go hard.
• Listen to the encouragement of mentors.
• Follow what they say.

Seizing Opportunities

• There are only a certain amount of times where we're going to get that fat pitch.
• If it is easy for you right now, this is the time to step up.
• Ride the wave and be early on it.
• Opportunities are finite.
• Most people who are very wealthy had one big pitch that they swung hard on.

Don't Reverse Engineer the Wrong Sequence

• Don't try to reverse engineer the wrong sequence.
• Don't figure out work-life balance during a finite window of opportunity.
• Don't try to sprinkle investments before making generational wealth.
• Don't miss the opportunity to take full advantage.
• Don't wish you'd swung harder after the fat pitch has passed.

Watch the video on YouTube:
$300k/Mo To $1.5M/Mo - This Advice Changed Everything... - YouTube