An independent fan project, not affiliated with Alex or Leila Hormozi or their companies.

Short · MoreMozi

Simplest path to making money:

A former top sales rep juggling three businesses and a non-compete gets told that starting over in the same field will take a third of the time since he already knows the lessons, so he should just move and rebuild rather than pivot.

Watch on YouTube Simplest path to making money:
People
Alex
Channel
MoreMozi

everything from Alex Hormozi ›

More details
Format
Short
Origin
MoreMozi Shorts
Transcript
Full transcript on this page

Key takeaways

  • >> So, um >> Should be illegal.
  • The main business, this 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?
  • >> 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 >> knew how to build it.
  4. 1:22
    Abschnitt 4 >> I don't think you need to stop real estate.
  5. 1:52
    Abschnitt 5 >> Yeah.

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. >> So, um >> Should be illegal. >> I know, it's a problem. The main business, this 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. >> tell you right now, do that. If you're two out of 3,000, you're not even 1%. You're like 0.1 whatever percent. >> Well, so I guess my problem was is like I've got a non-compete, non-solicit that I have 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>> knew how to build it. >> Yeah, but it's a six-year process to start all over again, I guess, is where where my brain goes is like >> Don't you think you could do it faster the second time? >> Oh, for sure. >> I could do it in a 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 out of curiosity. >> no, I I've got Well, I've 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, hyperfocus. 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 when 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 but then it's like how lateral can I get inside that vertical before I'm losing focus? >> Dude, you're already losing focus. >> I know. >> [laughter] >> So, do I just sell it and dump it? I mean, what do you do? >> So, I will give you the unpopular advice that I would give to myself, which is like, do you believe you can win?

1:52>> Yeah. >> Then [ __ ] it. Do the thing. Do the main thing. Forget the other stuff. If I near I was like, you have to make money, what would you do? I'd sell insurance. Of course. Then do the thing that you would do when you need to make money, and you will make money way more. >> Okay.