13 Years Of Brutally Honest Business Advice in 90 Mins

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Gregarious 1

20 May 2024

Want to SCALE your business Go here a https 3A 2F 2Facquisition com a Want to START a business Go here a https 3A 2F 2Fskool com 2Fgames a 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 Vanderbitl 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 a https 3A 2F 2FSkool com a 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

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