Alex Hormozi: 5 Things that BILLIONAIRES think about that MILLIONAIRES don't...

Last updated: Jun 15, 2023

The video discusses five things that billionaires think about that millionaires do not, including the size of the opportunity, prioritizing product over promotion, finding 10 out of 10 talent, having longer time horizons, and focusing on creating value rather than just making money.

This video by Alex Hormozi was published on Oct 15, 2021.
Video length: 10:03.

In this video, Alex Hormozi discusses five things that billionaires think about that millionaires do not.

He explains that billionaires prioritize the size of the opportunity, the product over promotion, finding 10 out of 10 talent, having a long-term time horizon, and focusing on the process rather than the outcome.

He emphasizes the importance of thinking big and having a compelling vision to attract top talent and achieve outsized returns.

  • Billionaires pursue opportunities with large growth potential and total adjustable market.
  • Billionaires prioritize product over promotion and focus on creating value rather than just making money.
  • Billionaires seek out 10 out of 10 talent who want to pursue the opportunity.
  • Billionaires see time as an asset and prioritize longer time horizons over short-term thinking.
  • Billionaires prioritize having an impeccable brand/reputation.
  • Billionaires make decisions that are aligned with the long-term goal of seizing the big opportunity that is worth fighting for.
  • Billionaires bet on the character of the individual knowing that they will get to where they're trying to go eventually in enough time.

5 Things that BILLIONAIRES think about that MILLIONAIRES don't... - YouTube

Alex Hormozi: 5 Things that BILLIONAIRES think about that MILLIONAIRES don

Introduction

  • Alex Hormozi is an entrepreneur, investor, and CEO of Acquisition.com.
  • He discusses five things that billionaires think about that millionaires do not.
  • These include the size of the opportunity, prioritizing product over promotion, finding 10 out of 10 talent, having longer time horizons, and focusing on creating value rather than just making money.
Alex Hormozi: 5 Things that BILLIONAIRES think about that MILLIONAIRES don

Size of the Opportunity

  • Billionaires pursue opportunities with a large growth potential.
  • Starting with a niche is not stupid, but it should have the possibility to build something truly enormous.
  • The total adjustable market or the potential scale of a business itself is something that a billionaire would think about that a millionaire will not.
Alex Hormozi: 5 Things that BILLIONAIRES think about that MILLIONAIRES don

Prioritizing Product over Promotion

  • Billionaires prioritize product over promotion.
  • The biggest question that a billionaire will ask about a company is whether people will continue to buy the product over and over again.
  • Most businesses have a recurring nature of some sort, so making sure that the product is good enough that people do not stop purchasing it is crucial.
  • With the exception of very big mass-market brands that are direct to consumer and have big-ticket items, promotion is not the most important thing.
Alex Hormozi: 5 Things that BILLIONAIRES think about that MILLIONAIRES don

5 Things that BILLIONAIRES think about that MILLIONAIRES don't... - YouTube

Finding 10 out of 10 Talent

  • Billionaires look for 10 out of 10 talent who want to pursue the opportunity.
  • Big talent only chases big opportunity.
  • The reason we have to have big goals is not just for ourselves but also so that everyone around us can stomach it because they believe in where we are going.
  • 10 out of 10 talent is defined as people who are the best in the world at the thing.
  • The vast majority of businesses are run by sixes and belows.
Alex Hormozi: 5 Things that BILLIONAIRES think about that MILLIONAIRES don

Longer Time Horizons

  • Billionaires see time as an asset rather than a liability.
  • They see time working for them rather than against them.
  • They see the opportunity compounding in and of itself because they have time on their side.
  • The smart person will look at the opportunity and say whether time helps or hinders them in this opportunity.
  • They prefer to play games where time is on their side.
Alex Hormozi: 5 Things that BILLIONAIRES think about that MILLIONAIRES don

Thinking Long-Term

  • Billionaires prioritize longer time horizons over short-term thinking.
  • They understand that success is an inevitable consequence of time.
  • They focus on creating value rather than just making money.
  • They think big picture and consider how their decisions will position them for where they want to be in the future.
  • They prioritize the size of the opportunity over their next promotion or campaign.
Alex Hormozi: 5 Things that BILLIONAIRES think about that MILLIONAIRES don

Prioritizing Product Over Promotion

  • Billionaires prioritize product over promotion.
  • They understand that the product is what people will talk about in the long run.
  • They make decisions that are aligned with the long-term goal of seizing the big opportunity that is worth fighting for.
  • They think beyond this week, this month, or this quarter.
  • They prioritize the decisions that they would be proud of 80 years from now.
Alex Hormozi: 5 Things that BILLIONAIRES think about that MILLIONAIRES don

Finding 10 out of 10 Talent

  • Billionaires prioritize finding 10 out of 10 talent.
  • They seek out people who see the world the same way they see the world.
  • They want an army of smarter people who can pursue the opportunity and grow it without them.
  • They understand that they will outlive their promotion, and only the product and brand will remain.
  • They bet on the character of the individual knowing that they will get to where they're trying to go eventually in enough time.
Alex Hormozi: 5 Things that BILLIONAIRES think about that MILLIONAIRES don

Having Impeccable Brand/Reputation

  • Billionaires prioritize having an impeccable brand/reputation.
  • They understand that their brand compounds with time.
  • They make decisions that are integris and aligned with their values.
  • They seek out other people who have impeccable brands.
  • They understand that the top of the mountain is very sparsely populated, and they all know each other.

Watch the video on YouTube:
5 Things that BILLIONAIRES think about that MILLIONAIRES don't... - YouTube

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