Alex Hormozi: This ONE Thing Will Make You A Better Entrepreneur

Last updated: Jun 18, 2023

The video is about how an entrepreneur's beliefs can limit their business and how to improve as an entrepreneur through developing skills, character traits, and seeking mentorship and coaching programs.

This video by Alex Hormozi was published on Sep 20, 2022.
Video length: 09:35.

In this video, Alex Hormozi discusses how the beliefs of an entrepreneur can limit their business success.

He breaks down the three key factors that contribute to an entrepreneur's success: skills, character traits, and beliefs. Hormozi emphasizes the importance of investing in education and mentorship to improve skills and character traits, and also suggests joining masterminds and coaching programs to overcome limiting beliefs and accelerate success.

He shares his own journey of investing in various forms of education and mentorship to achieve success in his business ventures.

  • The entrepreneur is the limiting factor in every business.
  • Skills, character traits, and beliefs are the three factors that affect an entrepreneur's success.
  • Beliefs can be changed to improve an entrepreneur's success.
  • Joining masterminds and coaching programs can help an entrepreneur develop their skills and character traits.
  • Investing in mentorship and coaching programs can be expensive but can provide significant returns.

This ONE Thing Will Make You A Better Entrepreneur - YouTube

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The Limiting Factor in Business: The Entrepreneur's Beliefs

  • The entrepreneur is the limiting factor in every business.
  • Skills, character traits, and beliefs are the three factors that affect an entrepreneur's success.
  • Beliefs are what entrepreneurs believe to be true about the world.
  • Many beliefs are inherited from society and limit an entrepreneur's potential.
  • Beliefs can be changed to improve an entrepreneur's success.
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Developing Skills as an Entrepreneur

  • Skills are learned through education and experience.
  • Education can come in many forms, including workshops, books, seminars, coaching programs, and mentorships.
  • Google is a valuable resource for learning new skills.
  • Confronting the fear of failure can help an entrepreneur learn new skills faster.
  • One-on-one mentorship is the most effective way to learn new skills.
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Joining Masterminds and Coaching Programs

  • Joining masterminds can help an entrepreneur develop their skills and character traits.
  • Masterminds provide a community of like-minded individuals who can offer support and advice.
  • Coaching programs can teach specific methods of acquisition, such as YouTube ads or cold calling.
  • Coaching programs provide accountability and help entrepreneurs resolve problems faster.
  • Coaching programs are a way to fast-track success and save time.
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This ONE Thing Will Make You A Better Entrepreneur - YouTube

Personal Experience with Learning and Growth

  • Free interviews with successful entrepreneurs can be a valuable learning experience.
  • Joining a mastermind can provide a community of support and mentorship.
  • Attending workshops and events can help an entrepreneur learn new skills and methods.
  • Coaching programs can be effective for solving specific problems and learning new methods.
  • Investing in mentorship and coaching programs can be expensive but can provide significant returns.
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The Importance of Masterminds and Character Traits

  • Joining masterminds and seeking mentorship is valuable for strategic issues and breaking limiting beliefs.
  • Communities help break limiting beliefs by seeing others achieve what was once thought impossible.
  • Providing value to others is the key to becoming the most valuable person in your network.
  • Character traits are the foundation for skills and beliefs.
  • Discipline, focus, and patience are important character traits for entrepreneurs.
  • Building character traits is a pursuit of perfection that requires enduring discomfort and stacking up wins.
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Developing Character Traits

  • Acting in accordance with a desired character trait is the key to building it.
  • Internal feelings about actions do not necessarily reflect character traits.
  • Reverse engineering character traits involves enduring discomfort and pursuing perfection.
  • Entrepreneurs often try to change their business to feel better, leading to erratic behavior and broken strategies.
  • Character traits are a journey of stacking up wins and ultimately tapping into the wellspring of growth.

Watch the video on YouTube:
This ONE Thing Will Make You A Better Entrepreneur - YouTube

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