It's risky business, people! Today, Alex (@AlexHormozi) talks about the top business risks that are made by many new entrepreneurs, show you how each risk works (with different scenarios played out), the best ways to approach these, and how the wealthiest figure out ways to play the game in new ways where they can't lose.
Welcome to The Game Podcast where we talk about how to get more customers, make more profit per customer, and keep them longer, and the many failures and lessons we have learned along the way to $100M in sales. We've got roll-up-your-sleeves kind of hustle with a little bit of cleverness and a lot of heart.
Timestamps:
1:49 - There 2 major types of risk and the two big costs when you're making these risks
4:18 - And one of the hardest questions in entrepreneurship, is "when do I pivot?" "When do I keep pushing?" "When do I keep persevering on this idea?"
7:20 - Understanding Idea risk vs Execution risk, especially for new entrepreneurs
11:33 - The wealthiest people in the work eliminate risk, they know how to control it.
15:14 - Change the way you think about risks - look at all the opportunities instead of taking the negative assumptions
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