Alex Hormozi: 10 KEYS to a TERRIBLE Business Partnership [GUARANTEED!]

Last updated: Jun 18, 2023

The video is about how to have a terrible business partnership by listing ten different things to do that will guarantee a miserable and terrible partnership.

This video by Alex Hormozi was published on Jul 12, 2022.
Video length: 09:00.

In this video, Alex Hormozi discusses the 10 keys to having a terrible business partnership.

He explains that having the same knowledge base, time, and money as your partner, having different expectations without written agreements, and giving away everything at the onset of the partnership are all ways to ensure a miserable partnership.

Hormozi emphasizes the importance of having clear expectations and agreements in a partnership to avoid resentment and misunderstandings.

  • Business relationships are like marriages
  • Partners should have matching knowledge, disproportionate time or money, and no unique value to bring to the table
  • Partners should have different expectations, no agreements, and not write anything down
  • Partners should give away everything, create resentment, and not think ahead
  • Partnerships should be equitable, create a relationship, and entered into with careful consideration and communication

10 KEYS to a TERRIBLE Business Partnership [GUARANTEED!] - YouTube

Alex Hormozi: 10 KEYS to a TERRIBLE Business Partnership [GUARANTEED!] 001

Introduction

  • Business relationships are like marriages
  • Keys to having a terrible partnership
  • Charlie Munger's inverted thinking
  • Introduction to Alex Hormozi and Acquisition.com
Alex Hormozi: 10 KEYS to a TERRIBLE Business Partnership [GUARANTEED!] 002

Matching Knowledge, Time, and Money

  • Partners should have the same knowledge base
  • Partners should have disproportionate time or money
  • Partners should not have any unique value to bring to the table
  • Partners should not have any unique experiences
  • Partners should not have any unique skills
Alex Hormozi: 10 KEYS to a TERRIBLE Business Partnership [GUARANTEED!] 003

Unspoken Expectations and No Agreements

  • Partners should have different expectations of each other and the business
  • Partners should not have any agreements
  • Partners should not write anything down
  • Partners should not have hard conversations
  • Partners should not have shared expectations
Alex Hormozi: 10 KEYS to a TERRIBLE Business Partnership [GUARANTEED!] 004

10 KEYS to a TERRIBLE Business Partnership [GUARANTEED!] - YouTube

Give Away Everything

  • Partners should give away everything in the partnership
  • Partners should do a disproportionate amount of work at the onset
  • Partners should create resentment towards each other
  • Partners should try to squeeze as much out of each other as possible
  • Partners should not think a few steps ahead of the other person
Alex Hormozi: 10 KEYS to a TERRIBLE Business Partnership [GUARANTEED!] 005

Conclusion

  • Lessons learned from Alex Hormozi's experiences
  • Contracts are supposed to facilitate dialogue and shared expectations
  • Partnerships should be equitable and create a relationship, not just a contractual agreement
  • Partnerships should be entered into with careful consideration and communication
Alex Hormozi: 10 KEYS to a TERRIBLE Business Partnership [GUARANTEED!] 006

Framework for a Terrible Partnership

  • Partners should have misaligned mission, values, and vision.
  • Partners should have different lifestyles and interests.
  • Partners should have unreliable behavior and personal life issues.
  • Partners should not have complementary skill sets.
  • Partners should not have equitable expectations and agreements.
Alex Hormozi: 10 KEYS to a TERRIBLE Business Partnership [GUARANTEED!] 008

Framework for a Successful Partnership

  • Partners should have complementary skill sets and aligned mission, values, and vision.
  • Partners should have similar lifestyles and interests.
  • Partners should have reliable behavior and personal life stability.
  • Partners should have knowledge, money, or time that the other partner does not have.
  • Partners should have equitable expectations and agreements that are well-documented.

Watch the video on YouTube:
10 KEYS to a TERRIBLE Business Partnership [GUARANTEED!] - YouTube

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