The 4 BEST Quotes From Alex Hormozi's Skool Mastermind

Skool Stories Podcast
15 Apr 202425:38

Summary

TLDRIn this engaging discussion, the participants delve into the insights gained from a transformative event in Vegas, highlighting four powerful quotes that could serve as book titles. They explore the importance of creating an environment conducive to hard work, the significance of being in a 'flow state', the value of talent in business, and the strategy of out-investing competitors. The conversation also touches on the journey from solopreneur to team player, the concept of 'earning to learn', and the impact of School Games on business growth. The speakers share personal experiences and strategies for success, emphasizing the importance of prioritizing tasks and delegating effectively.

Takeaways

  • ๐Ÿ“š **Learning from Events:** The speaker emphasizes the value of attending events, like the one in Vegas, where they were able to distill key takeaways into powerful quotes that could serve as book titles or subtitles.
  • ๐Ÿ’ก **Importance of Focus:** One of the key quotes is 'Make it as easy as possible to work as hard as possible,' highlighting the need to minimize distractions and create an environment conducive to deep work.
  • ๐Ÿ”จ **Practical Application:** The speaker relates the concept of 'chop wood carry water' to the idea of focusing on one task at a time to achieve flow and productivity.
  • ๐Ÿ—“๏ธ **Time Management:** The discussion about maker and manager schedules suggests the importance of aligning one's calendar with their work style to optimize productivity.
  • ๐Ÿš€ **Flow State:** The concept of 'maximizing losing track of time' is introduced as a way to achieve a state of flow, where work feels effortless and productivity is high.
  • ๐Ÿ’ผ **Team Dynamics:** The speaker talks about the need for different roles within a team, such as makers and managers, and how to structure the team for maximum efficiency.
  • ๐Ÿ† **Talent Acquisition:** 'Talent is everything' is a standout quote, stressing the importance of hiring top talent and even 'pouching' them from other roles if necessary.
  • ๐Ÿ’ฐ **Investment in Business:** The idea of 'outspending everyone' is presented as a strategy for success, suggesting that reinvestment into the business is more valuable than hoarding profits.
  • ๐Ÿ”„ **Reinvestment Over Profit:** The speaker suggests that entrepreneurs should prioritize reinvestment into their business rather than focusing solely on profit margins.
  • ๐Ÿ“ˆ **High-Ticket Sales:** The experience of selling high-ticket offers is shared as a way to significantly increase monthly revenue, underscoring the potential of high-value transactions.

Q & A

  • What were the four key takeaways from the event in Las Vegas?

    -The four key takeaways were: 1) Make it as easy as possible to work as hard as possible. 2) Maximize losing track of time to achieve flow state. 3) Talent is everything, and the best talent is already working. 4) Outspend everyone in advertising and talent acquisition.

  • How does the concept of 'maker schedule' versus 'manager schedule' apply to productivity?

    -A 'maker schedule' is characterized by large blocks of uninterrupted time, ideal for deep work, whereas a 'manager schedule' is filled with meetings. To maximize productivity, individuals should align their work schedules with their roles, allowing makers to have wide open blocks of time to work hard without distractions.

  • What does the phrase 'maximizing losing track of time' mean in the context of work?

    -In the context of work, 'maximizing losing track of time' refers to achieving a state of flow where one is so absorbed in their work that they lose awareness of time passing, leading to increased productivity and a sense of fulfillment.

  • Why is talent considered so critical in building a successful business?

    -Talent is critical because the best talent is often already working and performing at a high level. Companies like Apple, Tesla, and Microsoft are known for 'pouching' talent, meaning they actively seek out and recruit top performers who are already excelling in their fields.

  • What is the significance of the quote 'Talent is everything' in the context of entrepreneurship?

    -The quote 'Talent is everything' emphasizes the importance of hiring and retaining top talent in a business. It suggests that the quality of the team can make or break a company, and that investing in the best people is one of the most critical factors for success.

  • How does the strategy of 'outspending everyone' apply to business growth?

    -The strategy of 'outspending everyone' suggests that by investing heavily in advertising, marketing, and talent acquisition, a business can dominate its market, capture more customers, and ultimately grow faster than competitors who are more conservative with their spending.

  • What is the advice given for someone who is just starting their entrepreneurial journey?

    -For someone starting their entrepreneurial journey, the advice is to first get a job within a company to study its operations, then possibly move to freelancing to gain independence, and finally, transition to building their own business, potentially scaling to a CEO role.

  • How did the school games impact the speaker's business and their approach to high-ticket sales?

    -The school games demonstrated that it was feasible to make an additional $50,000 in a month by selling high-ticket offers to a smaller number of clients. This experience showed the potential of high-ticket sales and led to a realization about the value of offering high-end services.

  • What was the speaker's insight about the difference between thinking, planning, and doing?

    -The speaker's insight was that thinking, planning, and doing are three distinct activities. Some people excel at one more than the others. For effective execution, one must think creatively, plan meticulously, and then do by executing the plans through action and delegation.

  • What did the speaker learn about the importance of reinvestment in their business?

    -The speaker learned that instead of optimizing for a fat bank account, it's beneficial to reinvest profits back into the business for growth, such as in advertising, hiring talent, or developing new products and services.

Outlines

00:00

๐Ÿ“š Learning from Events and Quotes

The speaker reflects on a productive day in Vegas with Alex Heros, highlighting the value of four key quotes from the event. These quotes are considered so impactful that they could serve as the basis for an entire book. The speaker aims to apply these insights to enhance life enjoyment and financial success, not just for themselves but also for their team and community. The conversation emphasizes the importance of identifying and overcoming obstacles to achieving a state of focused work, drawing a parallel to the simplicity and focus required in tasks like chopping wood and carrying water.

05:01

๐Ÿ’ก Achieving Flow State and Maximizing Productivity

The discussion shifts to the concept of 'flow state,' where work is intense yet effortless, exemplified by the high productivity of Horos. The speaker and Alex explore the idea of maximizing the time spent in this state, which involves minimizing distractions and maintaining focus. Strategies such as adopting a maker's schedule, understanding one's role as a maker or manager, and protecting one's time and space are discussed. The conversation also touches on the importance of allowing team members to focus on single tasks to enhance flow, drawing from Sam's experience with his team's productivity.

10:01

๐Ÿ† Prioritizing Talent and the Power of Delegation

The speaker and Alex emphasize the importance of talent in building successful teams, suggesting that the best talent is often already engaged elsewhere and requires proactive recruitment. They discuss the transition from a solopreneur to a team-based operation, highlighting the benefits of delegation to achieve greater freedom and efficiency. The conversation also touches on the strategy of hiring key personnel who can then build out larger teams, as well as the concept of 'outspending everyone' in marketing and talent acquisition to gain a competitive edge.

15:02

๐Ÿ’ฐ Reinvesting Profits and Monetizing Audiences

The focus is on the strategic reinvestment of profits back into the business, with examples like Amazon and Spotify, which prioritized growth over immediate profitability. The speaker shares personal insights on the value of reinvestment and the potential for high-ticket sales to significantly boost monthly revenue. They also discuss the importance of monetizing audiences at the right time, based on Alex's advice that it's never too early to start monetizing a built audience.

20:03

๐Ÿš€ Entrepreneurial Growth and the Impact of School Games

The speaker reflects on the stages of entrepreneurship, from learning within an organization to building a personal brand and eventually leading a team. They discuss their experience with School Games, which has influenced their business by demonstrating the potential for high-ticket sales and the importance of prioritizing tasks as a CEO. The conversation concludes with the speaker's realization of the importance of thinking, planning, and doing, and the need for effective delegation to execute plans and achieve business goals.

25:05

๐ŸŒŸ Reflecting on Insights and Future Business Strategies

In the final paragraph, the speaker expresses gratitude for the insights gained from the event and the impact on their business strategy. They highlight the value of the quotes and lessons learned, which are considered worth the cost of the event itself. The speaker is excited to apply these lessons, including prioritizing tasks, delegating effectively, and maximizing productivity. The conversation ends on a note of optimism for the future growth and learning opportunities for the company.

Mindmap

Keywords

๐Ÿ’กFlow State

Flow state refers to a mental state in which a person performing an activity is fully immersed in a feeling of energized focus, full involvement, and enjoyment in the process of the activity. In the context of the video, the speaker discusses how optimizing for losing track of time can lead to a flow state, where one is highly productive and working hard without it feeling like effort. The example given is of Alex Hormo, who produces a significant amount of content without feeling overwhelmed, suggesting he is in a flow state.

๐Ÿ’กMaker Schedule

A maker schedule is a type of work schedule that is characterized by long, uninterrupted blocks of time dedicated to focused work, as opposed to a manager schedule, which is filled with meetings and short tasks. The video emphasizes the importance of understanding whether one is a 'maker' or a 'manager' to set up a calendar that facilitates deep work and high productivity. The speaker mentions that if you're a maker with a manager's schedule filled with meetings, it's challenging to achieve flow and work as hard as possible.

๐Ÿ’กDelegation

Delegation is the act of assigning tasks or responsibilities to other people, typically subordinates. In the video, the concept is discussed as a means to maximize productivity and achieve a flow state by focusing on one's highest leverage activities. The speaker shares that they delegate tasks they do not enjoy or are not their highest leverage activities, allowing them to focus on what they do best and enjoy, which contributes to their business's success.

๐Ÿ’กTalent

In the video, talent is described as a critical factor for business success, with the phrase 'talent is everything' highlighting its importance. The speaker discusses how top companies are filled with 'heavy hitters,' emphasizing the need to attract and retain the best talent. The video suggests that finding and securing talented individuals can be a game-changer for a business, as they are often already working and need to be 'pouched' or persuaded to join your team.

๐Ÿ’กMonetization

Monetization in the context of the video refers to the process of generating revenue from an asset or activity, such as an audience or content. The speaker shares insights on when and how to monetize an audience, suggesting that there is no 'too early' to start monetizing. They reflect on their own journey, noting that they initially focused on building a brand and audience through giving value before introducing monetization, which then became easier due to the established trust and reputation.

๐Ÿ’กReinvestment

Reinvestment is the strategy of plowing back profits or earnings into a business rather than paying them out as dividends or taking them as income. The video discusses the idea of reinvesting earnings to grow the business, as opposed to optimizing for a large cash reserve. The speaker suggests that reinvestment can lead to significant growth and is a mindset that separates successful entrepreneurs from others.

๐Ÿ’กPrioritization

Prioritization is the process of arranging tasks or objectives in order of importance. In the video, the speaker talks about the CEO's role in prioritizing tasks and sticking to that priority list as a key to effective planning and execution. They emphasize the importance of focusing on the most critical tasks to ensure that resources and time are allocated efficiently.

๐Ÿ’กOutspend Everyone

The phrase 'outspend everyone' is used in the video to convey the strategy of aggressively investing in advertising, talent, or other business areas to gain a competitive edge. The speaker cites examples like Amazon and Spotify, who have been willing to spend heavily to dominate their markets. The concept suggests that by outspending competitors, a business can capture market share and succeed in the long term.

๐Ÿ’กSolopreneur

A solopreneur is an individual who runs a small business on their own, often handling all aspects of the operation. The video discusses the transition from being a solopreneur to building a team, which the speaker sees as a necessary step for scaling the business. They share their experience of moving from a solo operation to a team-based business model, highlighting the benefits of delegation and team building for growth.

๐Ÿ’กHigh-Ticket Offers

High-ticket offers refer to products or services that are sold at a higher price point. In the video, the speaker shares their experience with high-ticket offers, noting that selling a smaller number of high-priced items can lead to significant revenue. They reflect on the ease of making higher monthly revenue through high-ticket sales compared to a larger volume of low-ticket sales, suggesting that high-ticket offers are an underutilized strategy for many businesses.

Highlights

The importance of distilling key takeaways into memorable quotes that can inspire and guide action.

The value of making work environments as conducive as possible to hard work by reducing distractions and obstacles.

The concept of 'flow state' and how to maximize losing track of time to enhance productivity.

The significance of talent in business and the strategy of 'pouching' top talent from other companies.

The transition from a solopreneur to a team-based entrepreneurial model and its impact on business growth.

The power of reinvestment and the strategy of outspending everyone in advertising and talent acquisition.

The realization that high-ticket offers can significantly boost monthly revenue compared to low-ticket offers.

The insight that building a brand and audience over time can lead to easier monetization.

The idea that there are different levels of entrepreneurship, each with its own focus and strategies.

The role of prioritization in effective CEO leadership and how it leads to successful task execution.

The practical approach to making ideas actionable through planning and delegation.

The importance of understanding the difference between thinking, planning, and doing in the context of business operations.

The impact of the School Games on business growth and the potential for high revenue generation.

The strategy of hiring one person who can effectively build and manage a larger team.

The concept of 'earn to learn' and its application in entrepreneurship for long-term success.

The transformative power of a single day's insights and how they can shape a business's future trajectory.

Transcripts

play00:01

T man you met it hey we're here Vegas

play00:06

you met Alex Heros yeah dude it's spent

play00:08

a full day it's spent a full day what'd

play00:11

you learn oh

play00:13

man I took uh like pages and pages and

play00:17

pages of notes and I've

play00:20

distilled I've distilled

play00:22

my four key takeaways into four quotes

play00:26

that were spoken on the day

play00:30

and these four quotes are

play00:33

like they're so good like a whole book

play00:36

could be written on each quote you

play00:39

know like the quote could either be the

play00:42

title of the book or like the subtitle

play00:45

description of the book you know right I

play00:46

think they're so

play00:48

good and uh I think those four quotes

play00:51

alone were worth the

play00:54

entire uh event crazy and the selfie

play00:57

with hormos and S of course so if you

play01:00

tease it further like out of all of the

play01:02

notes that you wrote that day which was

play01:06

yesterday why are those four quotes so

play01:08

powerful like what like what do you hope

play01:11

to use these quotes

play01:12

for enjoying life more

play01:16

MH and making more money great enjoying

play01:21

life more and making more money and when

play01:22

I say make more money I mean that make

play01:24

means Mak more money for my company

play01:25

which means my team which means my

play01:27

community my friends so it just helping

play01:30

everyone make more money and then when

play01:32

people hear these quotes they're

play01:34

probably going to use them to enjoy

play01:35

their life and make more money as well

play01:36

so yeah killer let's do the first quote

play01:40

First quote is uh make it as easy as

play01:45

possible to work as hard as

play01:47

possible I love that

play01:50

one I love that one have you ever

play01:53

listened to the Audi book or read the

play01:55

book called chop wood carry water

play01:57

no it's really good one

play02:01

uh I love that quote too chopwood carry

play02:03

water because when you're chopping wood

play02:05

when all you're doing is chopping wood

play02:07

and carrying water you know what to do

play02:11

so you can just chop and chop and chop

play02:13

and chop and chop and chop and chop and

play02:15

chop and then you can carry and carry

play02:18

and carry and carry and carry the water

play02:20

and you can work hard at it but a lot of

play02:23

people don't even know what to do

play02:26

they're just confused and so they can't

play02:28

work as hard as possible

play02:30

or they do know what to do but they're

play02:32

super

play02:33

distracted you know they got their

play02:36

parents knocking at their door they got

play02:38

their cat and dog walking in they got

play02:39

their kids crying next to them they just

play02:41

they their breastfeeding you know just

play02:43

really distracted and they can't chop

play02:45

and chop and chop and chop the wood and

play02:47

carry and carry and carry because

play02:48

they're getting distracted so just make

play02:50

it as easy as possible to work as hard

play02:52

as possible so what are some obstacles

play02:55

that you feel like are in your way

play02:58

before this event

play03:00

to have that laser focus chob we would

play03:02

carry water so what is the action step

play03:05

for you and how can we learn from

play03:08

that it's going to lead into one of the

play03:10

other

play03:11

quotes that's high podcast flow yeah it

play03:14

leads into one of the other quotes I I

play03:16

think I mean there are some obvious

play03:18

things people can do even myself which

play03:20

and one of the things we were kind of

play03:21

joking about earlier which is like the

play03:23

difference between a maker and a manager

play03:25

there's a maker schedule and a manager

play03:27

schedule and a manager schedule

play03:29

rightfully so is full of a bunch of

play03:32

different

play03:34

meetings whereas a maker schedule is no

play03:38

maintenance no maintenance wide

play03:40

open and

play03:43

so understanding if you're a manager or

play03:45

a maker and then setting your calendar

play03:47

up accordingly because if you're a maker

play03:49

and you got all these meetings and

play03:51

[ย __ย ] are you really making it as easy as

play03:53

possible for you to work as hard as

play03:55

possible no cuz you got these freaking

play03:58

meetings coming in the way right right

play03:59

like this

play04:01

podcast uh but yeah so that's that's

play04:04

part of it just understanding like what

play04:05

are you supposed to be

play04:07

doing that's a big one yeah cuz you

play04:09

can't flow you can't flow you know like

play04:12

and there's loads of e research and this

play04:14

where it's like if you are a maker like

play04:15

whether you're a panther or a coder or

play04:17

you're writing your book you're

play04:18

finishing your book y if you have a a

play04:20

meeting even at like 2 p.m. oh dude your

play04:23

whole day is just like it revolves

play04:25

around that yep 100% I know what that's

play04:27

like th%

play04:31

th%

play04:32

yeah yeah so that's the first first key

play04:35

takeaway but I think uh one one other

play04:38

way to make it as easy as possible to

play04:41

work as hard as possible is

play04:44

to understand this next quote or to hear

play04:47

this next quote bro you can interview

play04:48

yourself this is epic and the next one

play04:52

is imize losing track of

play04:56

time like when you optimize for that

play05:00

you're in Flow

play05:02

State and flow state is you working hard

play05:06

but it doesn't feel like it you just

play05:09

flow and you're so productive horos puts

play05:11

out 350 pieces of content per week I

play05:14

don't think he feels like he's grinding

play05:15

out 350 pieces of content he's just

play05:17

flowing he's maximizing losing track of

play05:21

time by doing his writing by doing his

play05:22

tweets which he said Is His Highest

play05:24

leverage activity just

play05:26

tweeting and then the team does the rest

play05:28

the team you know chops up b boom does

play05:31

the rest and I think maximizing losing

play05:34

track of time doesn't just apply to you

play05:35

as a CEO it applies to like everyone on

play05:36

your

play05:37

team every on your team ought to be in a

play05:39

position where they're maximizing losing

play05:41

track of time as well then your whole

play05:43

team is just in flow so I think you need

play05:46

different people on your team to be on a

play05:49

maker schedule but you need someone to

play05:50

be on a manager schedule 100% oh yeah

play05:53

absolutely

play05:55

absolutely yeah Sam said something

play05:57

interesting yesterday too he said he

play05:59

found

play06:00

that whenever his team would start

play06:03

slowing down and becoming less

play06:04

productive it was always when they were

play06:06

working on more than one thing at a

play06:09

time and so they've got a rule now which

play06:12

is when someone's working on something

play06:14

when someone on the team is working on

play06:16

something nobody else on the team can

play06:17

give them other tasks no she's working

play06:20

on that no he's working on that no more

play06:23

tasks let them finish that thing they

play06:26

need to focus on finishing that thing so

play06:29

yeah protecting protecting your space

play06:31

protecting your calendar protecting your

play06:33

time protecting your focus that will

play06:36

help maximize losing track of time what

play06:38

things do you do that makes you lose

play06:40

track of time well I don't know if you

play06:42

remember but yesterday I was begging

play06:44

horoi to give us all his bookwriting

play06:46

process because for me writing is when I

play06:49

lose track of

play06:51

time writing is one of the easiest ways

play06:53

for me to lose track of time and Heros

play06:56

is like I don't recommend anyone write a

play06:57

book unless you love it I'm like I love

play06:59

it I love writing so writing for me is

play07:02

super super it's like that super

play07:04

enjoyable and like I write I can write

play07:07

for an hour or two hours no problem and

play07:10

then if I don't like what I wrote I have

play07:13

no problem highlighting at all deleting

play07:15

it like I just spent two hours it wasn't

play07:17

a waste of time but I spent two hours

play07:18

doing something I enjoyed I don't need

play07:19

to hit publish or

play07:21

post so it was a good use of time that's

play07:24

me losing track of

play07:26

time one way outside of business

play07:31

we were playing

play07:32

darts that was really fun $100 bill just

play07:35

got into dart throwing

play07:37

yesterday that was that I lost chakat

play07:40

time darts that's a good one oh it's a

play07:43

former player isn't it yeah play and

play07:45

flow we're like super connected yeah

play07:47

video games yeah when you were talking

play07:50

about writing something and then

play07:51

deleting it I was thinking about my

play07:52

three-year-old building Lego and know

play07:54

what does she

play07:55

do yeah knocks down knocks it down build

play07:58

it again yeah do it again when did you

play08:01

first

play08:02

find your flow in a business context

play08:06

like when did business start to feel

play08:08

like play for you H well school games

play08:12

was a game bro school games was a big

play08:15

game when did it start feeling like that

play08:18

um it's a good question I think when I

play08:23

started getting good at making decent

play08:26

videos that got good views I was like oh

play08:28

how can I beat that next time M and then

play08:30

now when you log on to the YouTube

play08:31

dashboard it shows you like how that

play08:34

latest video compares to your past 10

play08:36

that's right so that's a game trying to

play08:38

get one of 10 every time you upload the

play08:40

video okay I'm going to optimize this

play08:42

title this thumbnail my 30 second hook

play08:44

let's see how it does upload and you

play08:46

wait like a few hours and you're like ah

play08:48

it came third you know you try it again

play08:51

let's come make another video so that's

play08:52

that's fun YouTube gamifies it like that

play08:54

in a really simple way something I think

play08:57

you're really good at is you're good at

play08:58

Flowing when the record button is on a

play09:02

lot of people at the beginning of their

play09:04

Journey it's not flu it's like they hit

play09:06

record and it's

play09:08

like I can be like that when I'm by

play09:10

myself tell me

play09:12

more oh dude I I so many ideas for a

play09:16

video then I hit record I'm like I look

play09:19

like [ย __ย ] right now or I'll be like I

play09:21

don't know how to start this video

play09:23

or I this sounds dumb let me redo it and

play09:26

I redo it like 10 times like no I don't

play09:27

want to make it anymore when I when with

play09:29

people like this like podcast to me the

play09:31

ultimate hack I was uh I joined a

play09:33

mastermind a while ago Kirby's

play09:35

Mastermind Andrew Kirby's Mastermind and

play09:37

he told us to find the

play09:40

overlap within your content and me

play09:42

finding the overlap means find the best

play09:45

performing videos that you enjoyed

play09:47

making right because best performing

play09:50

means the audience like them and if you

play09:53

can find the ones that they enjoyed the

play09:55

most that you enjoyed making that's the

play09:57

overlap and so I I found it I found the

play10:01

overlap my best performing videos that

play10:03

were the easiest and most enjoyable to

play10:04

make was this right here just flowing

play10:08

with somebody yeah

play10:10

podcast so easy bro cuz you just show up

play10:14

and flow yeah it's like play yeah you

play10:17

got the best job in the world dude I do

play10:19

have the best job in the world yeah yeah

play10:21

yeah so that that was a that was me

play10:23

finding the overlap finding the flow

play10:27

third quot third quote this one's going

play10:30

to be a spicy no it's going to be worth

play10:32

a lot of money to a lot of

play10:34

people horoi looked at somebody in the

play10:37

crowd I won't name I won't say who but

play10:38

he looked at someone in the crowd and

play10:40

he's like it's going to take you 5 years

play10:43

to realize this but I'm going to tell it

play10:45

to you anyway right

play10:46

now Talent is

play10:49

everything look at school man look who

play10:51

they've got on their team they've got

play10:53

some Heavy Hitters look at the best

play10:55

companies in the world they've got some

play10:57

Heavy Hitters

play11:00

all the best companies in the world have

play11:01

the heaviest hitters company the word

play11:05

company means a group of

play11:07

people you know so Talent is everything

play11:11

and hosi mentioned how the best talent

play11:14

is already hired they're already working

play11:17

even if they're not hired they're

play11:18

already working that's what makes them

play11:19

so

play11:20

good so he's like if you're going to

play11:22

find good talent you've got to go to

play11:24

where they're already working and he

play11:26

didn't say this word for word but and he

play11:28

didn't say like you should like pouch

play11:29

them but essentially you kind of have to

play11:31

pouch them and that's what Apple does

play11:33

what Tesla does Microsoft does they just

play11:36

pouch Talent the way I internalized it

play11:39

was just like you're never going to find

play11:41

them on a job board you're never going

play11:42

to find them heck no those are the worst

play11:44

bro those are the worst no offense if

play11:48

you're on a job board but they're

play11:50

usually the worst you might find a

play11:52

unicorn Point 1% of people are be decent

play11:55

but now they're usually the worst so how

play11:58

did you go from your entrepreneurial

play12:01

Journey being

play12:03

a a solo game to a team

play12:07

sport it took too long that's for

play12:10

sure it took too

play12:13

long uh because I didn't have any real

play12:15

examples of somebody doing it as a

play12:18

team I all my all my um mentors and

play12:22

gurus for the most part were

play12:24

solopreneurs and they were glamorizing

play12:26

the solopreneur lifestyle and the

play12:28

solopreneur LIF sounds

play12:30

cool like yeah man it's just me and my

play12:33

laptop and my phone and my backpack and

play12:35

I'm making 10 grand a month and then you

play12:38

get to there and you're like okay but

play12:40

like now what you're like I want to make

play12:43

100 Grand it's okay but now I got to

play12:45

take calls I'm like well I don't want to

play12:46

take calls but you're a solo preneur you

play12:48

got to take your own calls like but what

play12:49

if I just hired out a closer hey that

play12:52

worked what if I just hire out an

play12:53

appointment seter or that worked what if

play12:56

I just hire out like a VA to take care

play12:57

of the emails say that worked

play12:59

what if I just hire out like some

play13:00

coaches to like take care of the

play13:01

delivery for me but that worked now I'm

play13:04

no longer a solopreneur but I'm free

play13:06

yeah like way more free than I was when

play13:08

I was a solo printer you know and people

play13:11

like oh I don't want to like manage a

play13:12

big team it's like dude just then hire a

play13:14

manager you know like there's for

play13:17

everything you don't want to do there's

play13:19

somebody who would love that as their

play13:22

dream job like for every task you don't

play13:24

want to do that's somebody's dream job

play13:26

yeah who not high who not how just

play13:31

delegate Sam says hire where it

play13:34

hurts yeah I don't do anything you can

play13:38

ask anyone on my team does Ted do

play13:40

anything he doesn't want to do no I

play13:42

never do something I don't want to do so

play13:45

that's where Dan Sullivan and I align

play13:48

heavily shout out to

play13:50

Canadians yeah yeah yeah yeah another

play13:53

thing Alex said yesterday that kind of

play13:55

really resonated with me was

play13:59

you can hire one the one person who will

play14:01

hire 10 people huge yep our first

play14:04

question I asked him was how do we build

play14:05

the content team and his answer was

play14:08

Higher One to higher 10 Higher One to

play14:11

higher 10 and then after the event ended

play14:15

Benny and I spoke to the

play14:17

videographer and we're like bro how do

play14:19

we how do we build a Content team we

play14:20

just asked the exact same question and

play14:22

he's like dude that your first hire

play14:24

needs to build up the rest of the team

play14:26

right so make sure that first hire is

play14:29

like knows how to do everything so that

play14:31

they

play14:32

can delegate out everything to a bigger

play14:35

team yeah it's huge Talent is

play14:40

everything number

play14:42

four this this goes hand in hand this

play14:45

goes hand inand with Talent is

play14:48

everything but also goes hand inand with

play14:50

just advertising in general Marketing in

play14:52

general business in

play14:53

general which is it's my favorite quote

play14:56

of the whole event

play14:59

two words outspend

play15:02

everyone think what how powerful that is

play15:05

you buy up all the advertising space you

play15:07

buy up all the

play15:08

talent Amazon was not profitable for

play15:12

like their first 10 years they had deep

play15:15

oxygen tanks and went underwater for 10

play15:19

years and they outspend everyone Spotify

play15:22

still isn't

play15:23

profitable they're just buying up all

play15:25

these artists all these songs all these

play15:27

rights school I don't think they're

play15:31

profitable yet but they're outspending

play15:33

everyone man and they're

play15:35

crushing so I think a lot of

play15:38

entrepreneurs solopreneurs CEOs they

play15:41

like oh they're like like optimizing for

play15:43

a fat bank

play15:44

account or they're optimizing

play15:47

for just pure net

play15:50

profit and one of my favorite questions

play15:52

a friend asked me he's like what would

play15:55

happen in your business if you took the

play15:56

entire month's profit and just spent it

play15:59

back on the

play16:00

business very

play16:02

powerful and that's we're just talking a

play16:04

month yeah how's on did it for 10 years

play16:07

mhm most people are not willing to do

play16:10

that so that quote outs spend everyone

play16:11

is so

play16:13

powerful and coming back to the talent

play16:15

is everything it was said that like

play16:17

these people aren't cheap be willing to

play16:20

give them a hefty uh

play16:23

paycheck

play16:26

so yeah those are the those are the four

play16:30

big quotes man super cool you have them

play16:34

memorized like maybe if I go in reverse

play16:36

order you to's try I bned

play16:39

everyone Talent is everything uh

play16:42

maximized

play16:44

the losing track of time wow and then

play16:47

the first one was something along the

play16:51

lines like remove the

play16:53

obstacles that stop you from getting

play16:55

into the work straight away make it as

play16:57

make it as easy as possible to work as

play16:58

hard as you can

play16:59

as hard as

play17:00

possible well it's a good quiz you're a

play17:03

proper teacher well then bro yeah

play17:05

internalize that [ย __ย ] definitely quotes

play17:08

want to see those all around your

play17:10

house super valuable for anyone

play17:13

listening oh dude like I said books

play17:16

could be written on those yeah and horoi

play17:18

writes books like $100 million leads

play17:21

$100 million offers if you wrote a book

play17:23

on each of those that loan right there

play17:26

is $400

play17:27

million I would love a book on Talent is

play17:29

everything I would love a like on how to

play17:32

hire and and build the team I would love

play17:33

a book on how to El spend everyone I

play17:35

would love a book on how to maximize for

play17:38

loss of time or losing track of time I

play17:40

would love a book on how to make it as

play17:43

easy as possible to work as hard as

play17:44

possible those would be great books sign

play17:47

me

play17:48

up do you think for people listening who

play17:51

are like starting an entrepreneurial

play17:52

Journey or they're just starting their

play17:54

school Community they can't outspend

play17:57

everyone no but they can

play18:00

optimize

play18:02

for reinvestments rather than optimizing

play18:05

for a fat bank account something else

play18:07

that Alex said yesterday that I I really

play18:09

really loved he was talking about

play18:11

building an audience and when do you try

play18:13

to monetize your audience mhm and he

play18:16

said you can never do it too lit yeah I

play18:19

love that he said that yesterday yeah

play18:22

I'm sure there's a lot of stuff said

play18:23

yesterday that I just did not hear

play18:25

because it was just so much was coming

play18:26

up like eight or nine hours yeah yeah

play18:29

that's a good one though you could never

play18:32

not monetize too late you can never

play18:35

monetize too late yeah but you can do it

play18:38

it's easy to do it to your order

play18:41

uhhuh yeah that's a fact it was so easy

play18:43

for me to start making sales when I

play18:45

first started trying to make sales

play18:46

because I had I didn't even know you

play18:48

could make sales for the first four or

play18:49

five years so I was just giving giving

play18:51

giving giving giving giving giving and I

play18:53

saw people monetizing like maybe I

play18:54

should try that and it was a lot easier

play18:58

for me because I spent the first four

play19:00

years for first five years just giving

play19:02

giving giving building a name for myself

play19:03

building a brand for myself and that

play19:05

brand to this day still pays off we get

play19:07

people signing up for a program now

play19:09

who've known about me for the past 14

play19:11

years yeah cuz 14 years ago I started

play19:13

building this brand so

play19:17

uh yeah was it you or someone else in

play19:20

this house talking earlier about like

play19:21

there's like three levels of Entre

play19:24

entrepreneurship and one like the first

play19:26

level is just having a job

play19:29

just get a job and

play19:32

study the organization study the company

play19:35

and if you can get a job and make

play19:38

content you're not stressing now about

play19:40

money from the content well we talk a

play19:42

lot about earn to learn earn to learn

play19:45

the war buff ISM I love that man yeah

play19:48

level one just get a job and study the

play19:49

organization study the company knowing

play19:51

that you're one day going to become you

play19:54

know CEO or have your own something

play19:56

similar you know yeah you're doing that

play19:59

like the first 24 months of just trying

play20:01

to figure it out just get someone to pay

play20:03

you to do yeah heck yeah what's the

play20:07

second level don't

play20:10

know I just remember hearing about the

play20:12

first level first level was pretty good

play20:13

will we guess maybe it's like going

play20:16

freelance sure right so you're you don't

play20:18

have to cfy for paycheck but you still

play20:20

that's why I did you have the hunt yeah

play20:22

me too yeah I did freelance then the

play20:23

third thing's got to be build on your

play20:24

own thing yeah start as a soloer m

play20:29

that's level three and then 3.5 is

play20:33

CEO so you've been you've been on school

play20:36

pretty much from the beginning you're an

play20:37

investor aren't you yeah how is the

play20:40

school games Chang your business because

play20:42

you've been on school for a while you've

play20:44

been using the platform for a while

play20:45

you're an early adopter and an early

play20:47

investor but what specifically about the

play20:49

games has made your whole flywheel your

play20:52

whole asset your whole business more

play20:55

valuable going forward into the next

play20:56

month it's too early to tell but it did

play20:59

prove to me that it was extremely easy

play21:01

to make an extra 50 Grand in a month

play21:03

just by selling 50 people a th000

play21:06

offer and way more than half the people

play21:10

who paid th000 bucks month for the first

play21:12

month would also then pay again for the

play21:14

following month and the

play21:16

deliverables it's like a weekly Zoom

play21:18

call and Voxer access right like that

play21:22

was a huge takeaway for me I didn't know

play21:25

that was the thing or is it possible we

play21:27

didn't know we could sell one

play21:29

we're like hey here's the deal you get a

play21:30

z weekly Zoom call and you get a Vox you

play21:32

get Voxer access to me th000 bucks I

play21:34

it's like let's see if it works if it

play21:36

works we're going to go see

play21:39

horoi and it we sold one we're like Wow

play21:41

Let's make sure that's not wasn't a

play21:43

fluke let's try again sold another one

play21:45

maybe we got lucky the first let's get

play21:47

another one boom boom boom and then we

play21:49

sold 50 of them it's crazy so that was a

play21:51

good

play21:53

Insight very good ins and it made me

play21:55

realize like wow we hit 50k Mr like 48

play21:58

okay whatever Mr in a month whereas

play22:01

where my low ticket it's like 47 bucks a

play22:04

month it's taken as years to like just

play22:08

get past 10K a month like dude High

play22:11

ticket Mr is so

play22:14

underrated very few people are doing

play22:17

it so how that affects our company if

play22:20

we're going to go back and doing that

play22:21

like hardcore in the future is still yet

play22:24

to be determined we'll see but we know

play22:26

it's doable and if at any point we need

play22:28

to do it again or we want to do it again

play22:31

we can hit 50k Mr in a month mhm and we

play22:34

were we cruised for a bit like we didn't

play22:35

go as hard as we could that month either

play22:37

because we're like oh we already made

play22:37

top 10 we're good like let chill you

play22:40

know so it's like if we wanted to go

play22:42

hard we could probably hit like 100k in

play22:44

a month see in hindsight how much would

play22:47

you have paid for yesterday I paid 10

play22:49

grand for that yeah if it was like a 10

play22:53

grand day knowing what I know now like

play22:54

if if I was disqualified from the school

play22:57

games I had to pay to get in now that

play22:59

was easily worth 10 grand 15 20

play23:03

grand oh I one of my best insights

play23:07

actually I've not seen this on Google or

play23:09

watched a YouTube video on this before

play23:11

but I had this Insight while I was

play23:12

taking a a leak in a urinal halfway

play23:16

through I get my best ideas when I'm

play23:18

ping cuz I'm just like ah the best ideas

play23:21

just come to me bro it's the flow it's

play23:23

the flow dude so like I really didn't

play23:25

want to get up to go pee cuz I didn't

play23:26

want to miss it so I was just it was so

play23:28

focused for so many hours my brain was

play23:30

crammed with stuff and I went to go take

play23:31

a pee and as I'm peeing I'm like I got

play23:33

this great

play23:34

insight

play23:36

and I realize that there's

play23:40

thinking there's

play23:44

planning and there's

play23:46

doing three completely different things

play23:49

some people are really good at just

play23:50

thinking oh what about this what about

play23:52

this what about this what this what this

play23:54

some people are really good at planning

play23:55

meticulous planning very good planners

play23:58

are the people are just great at doing

play24:00

mhm really good at

play24:03

executing and so yesterday was a day of

play24:05

thinking I'm now super excited to take

play24:09

everything I've learned everything I I

play24:10

thought about yesterday and plan and Sam

play24:14

said something really cool he said the

play24:16

job of a

play24:18

CEO is

play24:20

to

play24:22

prioritize prioritize tasks and then

play24:25

stick to that priority list

play24:28

don't keep changing all the time

play24:30

prioritize the tasks and then stick to

play24:32

it and so I realized like that's like

play24:34

the second step of planning I was

play24:36

thinking all day yesterday now today and

play24:38

tomorrow and the next week I'm going to

play24:39

be

play24:41

prioritizing which is the planning part

play24:44

and then that third part of implementing

play24:46

that's going to require a lot of

play24:47

Delegation who not how but just do do do

play24:50

do do and I'm going to make it as easy

play24:52

as possible to work as hard as possible

play24:53

I'm going to maximize for losing track

play24:54

of time I'm going to outspend everyone

play24:55

I'm going to hire the best talent you're

play24:57

going to crush like what's that worth

play25:00

for the rest of my life

play25:02

bro for the rest of my life our

play25:05

company's young we're learning like the

play25:07

gold right

play25:09

now so

play25:11

that urination Insight combined with

play25:15

those quotes and everything we got from

play25:17

the

play25:18

day uh made the whole trip worth

play25:21

it we they allowed to share with

play25:24

everyone list them and it's only

play25:25

possible because of school games dude

play25:27

100% th%

play25:30

th% th% he catching on dog good H me Ted

play25:34

appreciate your time thanks man thanks

play25:36

for having me

Rate This
โ˜…
โ˜…
โ˜…
โ˜…
โ˜…

5.0 / 5 (0 votes)

Related Tags
EntrepreneurshipProductivityTeam BuildingVegas EventBusiness GrowthTalent AcquisitionContent CreationTime ManagementFlow StateReinvestment