How Alex Hormozi changed my life in 6 minutes

Summary

In this insightful transcript, the speaker reflects on a transformative conversation with business mentor Alex Rosi. Four key lessons emerged: the importance of self-honesty in identifying real business issues, the value of equanimity and calmness under pressure, the wisdom of taking time to think before speaking, and the virtue of patience in building a lasting business. These takeaways have significantly impacted the speaker's approach to life and business, leading to substantial growth in revenue.

Takeaways

• 😀 Be honest with yourself: You won't get wealthy by lying to yourself or making excuses for your business's shortcomings.
• 🧘 Practice equanimity: Cultivate calmness and steady-mindedness to handle business and life with composure.
• 🤔 Reflect before you speak: Take time to think before responding, ensuring your answers are well-considered and articulate.
• 📚 Learn continuously: Recognize the importance of self-improvement and introspection in achieving success.
• 🕊️ Embrace patience: Understand that building something great requires time and a long-term commitment.
• 🚀 Avoid the rush: Don't get caught up in the pressure to succeed quickly; focus on sustainable growth.
• 🌟 Prioritize quality over speed: Aim to build something meaningful over time rather than seeking immediate results.
• 🔍 Identify real issues: Look beyond surface-level excuses to address the core problems affecting your business.
• 🛠️ Improve sales management: Recognize the importance of effective recruiting, training, and managing sales representatives.
• 💡 Slow to speak, quick to listen: This approach can lead to better understanding and more effective communication.
• 🌱 Focus on building: Concentrate on creating something of lasting value rather than temporary success.

Q & A

Who is Alex Rosi mentioned in the transcript?

Alex Rosi is described as a significant business mentor in the speaker's life, who was at the peak of growing his personal brand during their conversation.

What was the main purpose of the conversation with Alex Rosi?

The main purpose was to gain insights and advice from Alex Rosi that could change the speaker's perspective on life and business.

How did the speaker's business perform before the conversation with Alex Rosi?

Before the conversation, the speaker's business was making around 200k a month.

What significant change occurred in the speaker's business after the conversation with Alex Rosi?

After the conversation, the speaker's business performance doubled, indicating the impact of the insights gained from Alex Rosi.

What was the first key takeaway from the conversation with Alex Rosi?

The first key takeaway was the importance of not lying to oneself and being radically honest to achieve true success and wealth.

What does the term 'equinity' refer to according to the transcript?

Equinity, as mentioned in the transcript, refers to equal-mindedness, steady-mindedness, or steady-handedness, which is a trait shared by successful individuals like billionaires.

How did Alex Rosi demonstrate 'equinity' during the call?

Alex Rosi demonstrated equinity by being extremely calm, composed, and thoughtful in his responses, even pausing for 30 seconds before answering a significant question.

What advice did Alex Rosi give regarding responding to questions or problems?

Alex Rosi advised to be slow to speak, quick to listen, and to not rush into giving opinions or answers on every matter.

What is the significance of patience in building a successful business according to the transcript?

Patience is significant in building a successful business because it allows one to commit to long-term goals and make decisions that prioritize building something great over a longer period of time.

What is the final takeaway from the conversation with Alex Rosi as mentioned in the transcript?

The final takeaway is to give oneself more time on the journey of building a business or any endeavor, emphasizing the importance of a long-term perspective.

What impact did the conversation with Alex Rosi have on the speaker's approach to business?

The conversation led the speaker to adopt a more honest, patient, and introspective approach to business, focusing on long-term success rather than short-term gains.

Outlines

00:00

🚀 Overcoming Self-Deception for Success

In this paragraph, the speaker reflects on a transformative conversation with business mentor Alex Rosi. The speaker was making around 200k a month but has since doubled that income, attributing the growth to the insights gained from Rosi. The first key takeaway was the importance of self-honesty. Rosi challenged the speaker's business excuses, revealing that poor sales were due to inadequate sales management rather than external market factors. This led to the realization that self-deception and blaming external circumstances are barriers to true wealth and success.

05:01

🧘‍♂️ Embracing Equanimity and Patience in Business

The second paragraph delves into the concept of 'equinity,' which the speaker describes as equal-mindedness or steady-handedness. Alex Rosi's calm demeanor during their conversation highlighted the importance of inner work and self-improvement to maintain composure. Rosi's thoughtful pause before answering a critical business question demonstrated the value of taking time to formulate a well-structured response rather than reacting impulsively. The speaker also emphasizes the virtue of patience in building a business, drawing on Jeff Bezos' philosophy that enduring the long game is essential for creating something truly great. The advice is to resist the pressure of quick success and focus on long-term growth and building something of lasting value.

Keywords

💡Business Mentors

Business mentors are experienced individuals who provide guidance and advice to those looking to grow their businesses. In the video, Alex Rosi serves as a business mentor to the speaker, offering critical insights that have a profound impact on the speaker's business approach and mindset.

💡Personal Brand

A personal brand is the image or identity that an individual projects, which can be crucial in business for establishing credibility and attracting opportunities. Alex Rosi is described as being at the peak of blowing up his personal brand, indicating his high visibility and influence in his industry.

💡Takeaways

Takeaways refer to the key lessons or insights gained from an experience. The video script details four major takeaways from the speaker's conversation with Alex Rosi, which fundamentally changed the speaker's perspective on life and business.

💡Revenue

Revenue is the income generated from business activities, often a primary measure of a company's financial performance. The script mentions a downturn in sales, with revenue being down by 50%, highlighting a critical issue that the speaker and his business partner had to address.

💡Sales Management

Sales management involves overseeing the sales process and team to meet targets and objectives. The speaker identifies sales management as the root cause of their poor sales performance, acknowledging the need to improve in recruiting, training, and managing sales representatives.

💡Equinity

Equinity, derived from 'equal' and 'mind,' refers to a state of balanced and steady-mindedness. The speaker admires Alex Rosi's equinity, noting his calm demeanor during their conversation, which reflects his inner work and self-improvement.

💡Inner Work

Inner work refers to personal development and self-reflection aimed at enhancing one's mental and emotional well-being. Alex Rosi's calmness and composed state during the call are attributed to the significant inner work he has done, setting an example for the speaker.

💡Patience

Patience is the ability to wait without becoming frustrated or upset. The video emphasizes the importance of patience in building a successful business, suggesting that a long-term commitment and avoiding the rush to immediate success are key to greatness.

💡Self-Deception

Self-deception is the act of lying to oneself, often to avoid confronting harsh truths. The speaker learned from Alex Rosi that self-deception can hinder true success, as it prevents acknowledging and addressing real problems.

💡Long-Term Commitment

A long-term commitment signifies a dedication to a goal or project over an extended period. The video script suggests that being willing to commit for a longer duration than competitors can lead to making better decisions and building something truly great.

💡Radical Honesty

Radical honesty is a practice of being completely truthful with oneself and others, even when it is uncomfortable. The speaker advises being radically honest with oneself as a key to personal and business growth, as demonstrated by the conversation with Alex Rosi.

Highlights

Met business mentor Alex Rosi who had a significant impact on personal brand growth.

Had an hour-long conversation with Alex Rosi during his peak of personal brand development.

Identified four key takeaways from the conversation with Alex Rosi.

Sales were down by 50%, prompting a discussion on the state of the business.

Alex Rosi challenged the tendency to blame external factors for business issues.

Learned not to deceive oneself for long-term success in business.

Alex Rosi's calm demeanor during the call was a notable characteristic.

The concept of 'equinity' was introduced as a key trait of successful individuals.

Alex Rosi exemplified patience and thoughtfulness in his responses.

Emphasized the importance of being slow to speak and quick to listen.

Highlighted the wisdom of knowing when not to have an opinion or answer.

Stressed the importance of patience and long-term commitment in business success.

Alex Rosi advised against rushing and getting caught up in comparison.

Encouraged focusing on building something great over a longer period of time.

Shared personal growth from making around 200k a month to over double that amount.

Concluded with the advice to be honest with oneself, embody equinity, and allow more time for success.

Transcripts

about a year and a half ago I got to

meet one of my biggest business mentors

in the game Alex rosi I was fortunate

enough to have a whole hourlong

conversation with him while he was at

the peak of blowing up his personal

brand and I've thought about it a lot

I've meditated on it a lot and there

were really four key takeaways that I

had that absolutely changed the way that

I look at life and in business so I

figured I would drive around here for a

second and share with you guys the four

key takeaways I had from Heros and what

I was able to pick up on on this call

what he shared with me on this call that

really changed my my life I mean to give

perspective at that point I was making

200ish k a month and now we're doing

over double that so it clearly was an

impactful call and I figured I would I

would drive around and share with you

guys some of the stuff that he uh he

shared with me so the very first thing

was a bit of an eyeopener and it was

kind of a rude awakening he really

called my business partner and I out and

in a great way in a way that we needed

to be called out he was asking us how

our Revenue was doing and how our sales

were and honestly we were having a

really bad month our sales were like

down by 50% it was not good and so when

Alex asked us how are things going and

we said well it's been a slow month and

he asked us okay why what's going on we

came up with every excuse in the book we

started talking about how it was just a

slow time of year for our Niche and it

was just a slow Market it was just a

slow season and Alex kind of looks at us

and he's like

okay uh is there anything else going on

and we're like well we let go of two

closers we had to make some changes in

the team culture these people were

underperforming and we start getting to

the meat of the actual problem and Alex

was like okay so it's not the market

it's the sales management and we're kind

of we just kind of sit there and we're

like yeah basically yeah it's the Sales

Management we just need to get better at

recruiting training and managing sales

reps it's not the market it's us and

he's like right so blaming it on the

market what's that going to do for you

basically and this was the takeaway I

had you may be able to get rich

deceiving yourself and lying to yourself

and faking it till you make it but you

will never get wealthy you you don't

become that level of successful like

Heros is lying to yourself you can't lie

to yourself at that level you can't

deceive yourself on what your actual

problems are you can't blame things on

other people there's no excuses at that

level so that was the first takeaway you

don't get wealthy lying to yourself so

the second thing I took away was how

calm he was there's this word that I

really love it's called equinity and

I've actually heard Heros talk about it

he says that every billionaire he's ever

met has extreme amounts of equinity and

this word in its atmology is essentially

equal mindedness equa or equas just

means equal and then animus is mind and

so equinity is equal mindedness steady

mindedness or steady handedness heroi

was so calm he was so calm and he was so

relaxed on the call and it really just

made me realize how much inner work he's

done how much introspection he's done

how much selfimprovement he's done in

his life to become so composed at all

times have you ever met somebody who is

just extremely poised and relaxed at all

times and they never seem to be thrown

off mentally that was Alex and there was

one key moment that really emphasized

this for me I asked Alex a question it

was a really important question

regarding our business and he sat there

and he paused for like 30 seconds before

he finally answered the question he just

sat there and he thought about what his

answer should be to this question for 30

seconds on this Zoom call there's four

of us nobody saying a word we're all

just like looking around waiting for him

to answer and then he in like 15 seconds

perfectly articulates the right answer

to the question that I asked rather than

instantly respond responding and

rambling on in an incoherent answer or

solution to the problem that I proposed

he took a step back he thought about it

he composed himself and then he gave a

structured answer the Bible says be slow

to speak quick to listen and slow to get

angry and he embodied that perfectly he

was slow to speak and he was very quick

to listen and so that was another really

big reminder for me be slow to speak be

quick to listen slow to speak people are

too they they they too quickly jump into

their answers and giving their opinions

you don't need to have an opinion on

everything and you don't need to have an

answer for everything a true sign of

wisdom and intelligence is knowing the

things that you don't know now my third

and final takeaway from this call with

her MOSI was his patience Bezos talks

about this a lot the key to building a

big business is time the key to building

something great is being willing to

commit to building it for a greater

period of time than most people if you

are willing to commit and and play the

game five times as long as your

competitors you're going to be able to

make decisions you're going to be able

to engage in activities that your

competitors can't because they're trying

to get rich in 5 months while you're

trying to get wealthy in 5 years so the

longer you play the game the more likely

you are to build something great and I

could tell in the way that he asked us

questions and in the way that he gave us

answers he didn't want us to rush he

didn't want us to get caught up in this

comparison hype cycle of online

entrepreneurship where everybody's

trying to flex how much money they make

and how quickly they make it and I know

I'm guilty of this on this channel but

it was a really good reminder to just

focus on building something great in a

long period of time rather than trying

to build something big in a quick period

of time so be honest with yourself

radically honest with yourself remind

yourself of the word equinity how are

you carrying yourself at all times and

last but not least give yourself more

time on your journey of building

whatever it is you're trying to build

those were my biggest takeaways from

heroi and I hope you took something away

from those as well as always much love

serve others I'll see you in the next

one peace