Alex Hormozi: I SPENT $100,000 on courses, so you don't have to...

The video explains why courses alone may not make you successful in business and how to identify the missing pieces of the puzzle, as well as addressing the unrealistic expectations people have about courses compared to language classes.

This video by Alex Hormozi was published on Aug 9, 2021.
Video length: 17:34.

In this video, Alex Hormozi explains why buying courses does not necessarily lead to making money, and it is often because the course only teaches a subset of skills required for success.

He compares learning business skills to building a bridge, where each skill is a brick, and missing even one brick can prevent success. He also emphasizes the importance of shifting one's perspective from blaming the course to identifying gaps in one's learning and attacking them ruthlessly.

Finally, he questions why people get upset about courses not working but not about spending years learning a language without being able to speak it, attributing it to unrealistic expectations.

• Courses may not teach everything required to make money in business.
• Business requires a set of skills, and missing even one skill can hinder success.
• Reinforcing one skill without addressing the missing pieces is not helpful.
• Shifting perspective from blaming courses to identifying missing skills can help in success.
• Attack the missing skills ruthlessly.
• Expectations about courses need to be realistic.
• The education system has failed to keep up with the times.
• Acquisition.com aims to build a new world of education that teaches practical skills.
• Stop playing the victim and take responsibility for your own success.
• Create decision-making algorithms to simplify your processes.
• Don't judge people without actually knowing them.

I SPENT $100,000 on courses, so you don't have to... - YouTube

Why courses alone may not make you successful in business

• Courses may not teach everything required to make money in business.
• Business requires a set of skills, and missing even one skill can hinder success.
• Reinforcing one skill without addressing the missing pieces is not helpful.
• Business should be viewed as a pipe, where each skill is a brick in the bridge to success.
• Shifting perspective from blaming courses to identifying missing skills can help in success.

How to identify the missing pieces of the puzzle

• Shift perspective from blaming courses to identifying missing skills.
• Attack the missing skills ruthlessly.
• Focus on the things that are lacking rather than just learning about things that are enjoyable.
• Specializing in one area is good, but all roles in business need to be fulfilled.
• Know enough about all roles to make a judgment on how good someone else is.

Unrealistic expectations people have about courses compared to language classes

• People get upset about courses they buy on the internet but not about not being able to speak a language after years of classes.
• Expectations are the reason for this discrepancy.
• People believe that buying a course should immediately lead to success.
• Success in business requires more than just taking a course.
• Enrolling in a class and not showing up does not make the subject a scam.

I SPENT $100,000 on courses, so you don't have to... - YouTube

Conclusion

• Courses alone may not make you successful in business.
• Identifying missing skills and attacking them is crucial for success.
• Expectations about courses need to be realistic.
• Success in business requires more than just taking a course.

Good and Bad Students and Teachers

• Half of students may be below average.
• A good teacher can shift the bell curve, but there will still be outliers.
• Unrealistic expectations can lead to disappointment.
• Marketing and sales processes can contribute to unrealistic expectations.
• Students have a responsibility to learn and apply what they learn.

Educational System Failures

• The education system has failed to keep up with the times.
• Learning about irrelevant topics is not useful in the real world.
• E-learning is booming because of the failures of the education system.
• The value to price proposition of education is laughable.
• Acquisition.com aims to build a new world of education that teaches practical skills.

The Value of E-Learning

• Courses and e-learning can be more valuable than a four-year degree.
• Acquiring skills through e-learning can lead to greater income generation.
• People should not give up on e-learning after one bad experience.
• E-learning is the new world of education.
• Acquisition.com offers free courses and books to help people learn practical skills.

The Importance of Student and Teacher Skill Levels

• Both students and teachers have a responsibility to come to the table with a certain level of skill.
• The better the teacher, the less skilled the student needs to be.
• Even bad courses can teach valuable lessons.
• Students should expect a return on their investment in courses and workshops.
• Learning and applying skills is the key to success, not just taking courses.

Don't Play the Victim

• Stop playing the victim and take responsibility for your own success.
• Don't blame others for your failures.
• Realize that no one cares about your excuses.
• Use failures as learning opportunities.
• Don't let your past define your future.

Decision Making Algorithms

• Create decision-making algorithms to simplify your processes.
• Use "if-then" statements to avoid repeating decisions.
• Implement simple rules, such as "no diligence, no deal."
• Make decisions quickly and without emotional effort.
• Take complete responsibility for your business and customers.

Avoid Judging Others

• Don't judge others based on hearsay or rumors.
• Question your own judgment and perspective from the past.
• Realize that others may have different views and moods.
• Winners take responsibility for both sides of the equation.
• Don't let others' opinions prevent you from doing deals.

Don't Write Off Entire People

• Don't judge people without actually knowing them.
• Realize that people are complex beings with good and bad days.
• Don't let personal biases prevent you from learning from others.
• Recognize that everyone has something to offer.
• Don't miss out on opportunities by writing off entire people.

Why courses alone may not make you successful in business

• Courses are just one piece of the puzzle in achieving success in business.
• There are many variables that make it virtually impossible to judge someone's success based solely on the courses they have taken.
• People exist on multiple continuums, and it's important to focus on what you can learn from them rather than labeling them as good or bad.
• Buying a course may not be the one missing link to success, but rather one of many bricks that need to be built on the way to achieving your goals.
• Teachers and students have a two-sided relationship, and it's important to take responsibility for your own success.
• Becoming aware of your own expectations can lead to a happier life by leaving room for pleasant surprises and avoiding letdowns.

Watch the video on YouTube:
I SPENT $100,000 on courses, so you don't have to... - YouTube