The Rachel Hollis Podcast

746: Ask for Support, Not Permission | The Tough Lessons of Entrepreneurship with Alex Hormozi


Listen Later

In this episode of the Rachel Hollis Podcast, Rachel interviews entrepreneur Alex Hormozi,  a first-generation Iranian-American entrepreneur, investor, and philanthropist with a huge portfolio. Alex shares his journey, including the pivotal moments, partnerships, and life-altering decisions that have shaped his career. He discusses the importance of mindset, the role of mitigating risks, and navigating the complexities of business while balancing personal values.

Get your copy of Rachel's New Book Here: Audible, Amazon, Barnes & Noble, Books-A-Millon, Bookshop.org, or wherever books are sold!

00:00 Introduction to Alex Hormozi

01:34 The Unplanned Interview

03:06 Alex's Backstory: From Management Consultant to Entrepreneur

04:48 Quitting the Job and Family Reactions

10:03 The Journey to Starting a Gym

13:21 Learning from Mentorship and Early Challenges 

18:59 Finding the Right Experts and Building a Business

26:22 The Reality of Hard Work and Sacrifice

34:59 Starting a Gym from Scratch

36:25 The Power of Facebook Ads

37:03 Expanding and Scaling the Business

38:30 Challenges and Setbacks

40:09 Rebuilding After a Major Loss

41:54 The Birth of Gym Launch

49:47 Lessons Learned and Moving Forward

01:03:16 Ego and Unrealistic Comparisons

01:04:54 Overexpansion and Talent Issues

01:05:42 Serving Too Many Customers

01:06:31 Psychological vs. Logical Solutions

01:11:54 Importance of Data in Business

01:16:59 Volume and Consistency in Marketing

01:23:20 The Reality of Building a Business

01:31:53 Embracing Mortality for Freedom

01:36:13 Conclusion and Final Thoughts

Sign up for Rachel’s weekly email: https://msrachelhollis.com/insider/

Call the podcast hotline and leave a voicemail! Call (737) 400-4626

Watch the podcast on YouTube: https://www.youtube.com/c/RachelHollisMotivation/videos

Follow along on Instagram: https://www.instagram.com/MsRachelHollis

 

To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices.


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

...more
View all episodesView all episodes
Download on the App Store

The Rachel Hollis PodcastBy Three Percent Chance

  • 4.4
  • 4.4
  • 4.4
  • 4.4
  • 4.4

4.4

16,439 ratings


More shows like The Rachel Hollis Podcast

View all
Progress Mode with Brendon Burchard by Brendon Burchard

Progress Mode with Brendon Burchard

3,665 Listeners

Earn Your Happy by Lori Harder | YAP Media

Earn Your Happy

2,790 Listeners

The School of Greatness by Lewis Howes

The School of Greatness

21,200 Listeners

The Chalene Show | Diet, Fitness & Life Balance by Chalene Johnson

The Chalene Show | Diet, Fitness & Life Balance

7,271 Listeners

The Goal Digger Podcast | Top Business and Marketing Podcast for Creatives, Entrepreneurs, and Women in Business by Jenna Kutcher

The Goal Digger Podcast | Top Business and Marketing Podcast for Creatives, Entrepreneurs, and Women in Business

12,073 Listeners

The Cathy Heller Podcast with Cathy Heller by Cathy Heller | QCODE

The Cathy Heller Podcast with Cathy Heller

7,700 Listeners

The Marie Forleo Podcast by Marie Forleo

The Marie Forleo Podcast

1,656 Listeners

Rise Together Podcast by Dave Hollis

Rise Together Podcast

11,318 Listeners

On Purpose with Jay Shetty by iHeartPodcasts

On Purpose with Jay Shetty

27,694 Listeners

Powerhouse Women by Lindsey Schwartz

Powerhouse Women

890 Listeners

The Start Today Podcast by Three Percent Chance

The Start Today Podcast

3,194 Listeners

The Trent Shelton Podcast by Trent Shelton Companies

The Trent Shelton Podcast

5,847 Listeners

Get Your Teach On by Get Your Teach On

Get Your Teach On

148 Listeners

Your Fave’s Faves by Three Percent Chance

Your Fave’s Faves

158 Listeners

Talking Body with Amy Porterfield by Three Percent Chance

Talking Body with Amy Porterfield

192 Listeners

Dear Gabby by Gabby Bernstein

Dear Gabby

6,107 Listeners

Alive & Well – Nervous System, Productivity, Time Management, Somatic Tools, Work-Life Balance, Burnout, Anxiety by Michelle Grosser – Inspired by Mel Robbins, Dr. Andrew Huberman, and Ed Mylett

Alive & Well – Nervous System, Productivity, Time Management, Somatic Tools, Work-Life Balance, Burnout, Anxiety

519 Listeners

The Mel Robbins Podcast by Mel Robbins

The Mel Robbins Podcast

20,212 Listeners

​Heidi’s Lane with Heidi Powell by Heidi Lane Powell

​Heidi’s Lane with Heidi Powell

375 Listeners

The Jamie Kern Lima Show by Jamie Kern Lima

The Jamie Kern Lima Show

2,638 Listeners

The Tamsen Show by Tamsen Fadal / Authentic Wave

The Tamsen Show

401 Listeners