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Which Business Should I Pick

I made some mistakes before I started following your content and like an idiot I started three businesses. >> Like having three wives.

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Alex Hormozi ›

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Key takeaways

  • >> So, um >> Should be illegal.
  • The main business is is my primary source of revenue.
  • I'm transitioning an exit right now and I'm trying to decide do I redo that same business?
  • >> the business you're selling?

Chapters

  1. 0:00
    Abschnitt 1 I made some mistakes before I started following your content and like an idiot I started three businesses.
  2. 0:25
    Abschnitt 2 >> the business you're selling?
  3. 0:55
    Abschnitt 3 >> But you knew how to build it.
  4. 1:22
    Abschnitt 4 >> I don't think you need to stop real estate.
  5. 1:46
    Abschnitt 5 >> So, I will give you the unpopular advice that I would give to myself.

Full transcript

Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.

5 segments

0:00I made some mistakes before I started following your content and like an idiot I started three businesses. >> Like having three wives. >> What? Yeah, I know. I know. >> So, um >> Should be illegal. >> I know. It's a problem. The main business is is my primary source of revenue. Me and my partner very much not on the same page. I'm transitioning an exit right now and I'm trying to decide do I redo that same business? I'm good at it. It's my primary source of revenue or do I pour into one of these other two businesses? But

0:25>> the business you're selling? >> So, I'm in financial services. >> Okay. Great business. >> Yeah, I was a top producing rep like number two out of like 3,000 reps. Really good. >> you right now, do that. If you're two out of 3,000, you're not even 1%. You're like.1 whatever percent. >> Well, so I guess my problem was is like I've got a non-compete, non-solicit that to relocate. >> So, you just have to move to a new location? >> So, if I want to not take a like three-year hiatus, I have to move 60 miles and I'm very regional in my my business.

0:55>> But you knew how to build it. >> Yeah, but it's a six-year process to start all over again, I guess. It's where where my brain goes is like >> Don't you think you could do it faster the second time? >> Oh, for sure. >> Okay. I could do it in third of the time. So, yeah. So, you're 24 months away from a brand new business doing the same thing you do right now except you know all the lessons you learned. >> So, just go for it and >> What are the other two? Just so I can say. >> No, I I've got Well, I got a real estate portfolio and I I feel like I'm really good at real estate, too. But the problem is is like then you were like, "Well, hyper focus." And then I was like, "Well,

1:22>> I don't think you need to stop real estate. I mean like I own a bunch of apartment buildings. It's just not my main game. All right, what's the third one? >> So, well, the third one I did the same thing again and I was like I started a junk removal company to feed more leads into the real estate cuz I was like and it does. So, then it but then it's like how lateral can I get inside that vertical before I'm losing focus where it's like >> already losing focus. >> I know. >> [laughter] >> So, do I just sell it and dump it? I mean, what do you do?

1:46>> So, I will give you the unpopular advice that I would give to myself. Um which is like do you believe you can win? >> Yeah. >> Then [ __ ] it. Do the thing. Do the main thing. Forget the other stuff. If I get in your head, I was like, you have to make money, what would you do? >> I'd sell insurance. >> Then do the thing that you would do when you need to make money, and you will make money way more. >> Okay.