Alex Hormozi: #1 Lesson for Young Entrepreneurs from $100M CEO | Alex Hormozi

The video is about the importance of learning the right lesson from failure as an entrepreneur, and how taking the wrong lesson can be dangerous and lead to false beliefs and incorrect actions.

This video by Alex Hormozi was published on Feb 11, 2021.
Video length: 10:17.

In this video, Alex Hormozi talks about the importance of learning the right lesson from failure as an entrepreneur.

He gives examples of how people often learn the wrong lesson from failure, such as swearing off all employees after one bad hire.

Hormozi also shares his own experience of learning to shift his thinking towards sustainable growth, rather than focusing on short-term success, and how this has helped him in his personal and professional life.

• Entrepreneurship teaches valuable lessons from failure.
• Learning the right lesson from failure is crucial.
• Taking the wrong lesson can be dangerous and lead to false beliefs and incorrect actions.
• Reinforcing incorrect lessons can be more dangerous than not learning at all.
• Sustainable growth is important for long-term success.
• Building enduring and stable businesses that do not require personal skill is the goal.
• It's important to learn the right lessons from both success and failure.

#1 Lesson for Young Entrepreneurs from $100M CEO | Alex Hormozi - YouTube

The Importance of Learning the Right Lesson from Failure

• Entrepreneurship teaches us valuable lessons from failure.
• Learning the right lesson from failure is crucial.
• Taking the wrong lesson can be dangerous and lead to false beliefs and incorrect actions.
• Examples of taking the wrong lesson from failure include:
• Swearing off women after a bad experience with one girl.
• Deciding all employees are bad after one bad hire.

• Swearing off women after a bad experience with one girl.
• Deciding all employees are bad after one bad hire.

The Danger of Reinforcing Incorrect Lessons

• Learning the wrong lesson from failure can be more dangerous than not learning at all.
• Reinforcing incorrect lessons can lead to false beliefs and incorrect actions.
• Experience doesn't always mean we took the right lesson from it.
• It's important to be aware of the lessons we're taking away from our experiences.
• Incorrect lessons can lead to missed opportunities and hinder growth.

The Importance of Sustainable Growth

• Success should not always come big and fast.
• Sustainable growth is important for long-term success.
• Short-term success can lead to incorrect beliefs about what success should look like.
• Obsession with hurry and rush can hinder long-term success.
• Endless horizon thinking can lead to doing things that are worthwhile and sustainable.

#1 Lesson for Young Entrepreneurs from $100M CEO | Alex Hormozi - YouTube

Examples of Sustainable Growth

• Examples of sustainable growth include:
• Picking sustainable health and fitness habits that can be maintained for life.
• Making rational decisions about marriage based on long-term thinking.
• Deconstructing beliefs about what success should look like and moving towards sustainable growth.
• Sustainable growth leads to less volatility and more long-term success.

• Picking sustainable health and fitness habits that can be maintained for life.
• Making rational decisions about marriage based on long-term thinking.
• Deconstructing beliefs about what success should look like and moving towards sustainable growth.

Slow and Steady Progress

• Building things now is different from the beginning.
• At the beginning, it was short, hard, and fast.
• Now, it's about sustaining the current growth rate.
• Increasing the time between thoughts and actions is necessary.
• It gives more space to make rational decisions instead of emotional ones.

Learning the Correct Lesson

• It's important to learn the correct lesson from success.
• Success early on might have been bad because it led to taking the wrong strategy.
• Building enduring and stable businesses that do not require personal skill is the goal.
• The businesses should run without the entrepreneur.
• Patience and consistency are key to decreasing volatility and increasing reliability.

Lessons from Success and Failure

• It's important to learn the right lessons from both success and failure.
• Taking the wrong lesson can be equally damning.
• What if everything done when successful was not because of the entrepreneur but outside forces?
• What if everything done to fail was the entrepreneur's fault?
• Applying these frameworks to oneself can lead to interesting lessons.

Final Thoughts

• Rich people look for reliability and low volatility.
• Decreasing volatility by making things consistent is key.
• Opportunities can be taken advantage of even if they are not because of the entrepreneur.
• Walking through the thought process of what if this wasn't because of me can lead to new insights.
• It's important to learn the right lessons from success and failure.

Watch the video on YouTube:
#1 Lesson for Young Entrepreneurs from $100M CEO | Alex Hormozi - YouTube