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Starting a Business Will Lose You Friends... And That's Ok | Ep 726

The Game with Alex Hormozi · with null · August 5, 2024 · 10 min

Summary

Alex Hormozi explores the "lonely chapter" of entrepreneurship, a period where ambitious business builders may find themselves out of sync with old social circles. He argues that prioritizing long-term business goals over immediate social comfort is essential, emphasizing the psychological toll and necessary mindset shifts to navigate this phase and achieve significant success, encouraging entrepreneurs to embrace this journey rather than fear it.

Key takeaways

Themes

founder & leadership

Topics covered

entrepreneurial journeysocial sacrificelonely chapterprioritizing goalsmindset shiftsdelayed gratificationidentity shiftnetworking

Episode description

"You have to like your goals more than you like your friends." In this episode, Alex (@AlexHormozi) talks about the "lonely chapter" - the awkward, transitional period where you don't really fit in with your old social circle as you adjust to the demands of starting a new business. It's not something to fear, it's something to expect and go through anyways.Welcome to The Game w/Alex Hormozi, hosted by entrepreneur, founder, investor, author, public speaker, and content creator Alex Hormozi. On this podcast you’ll hear how to get more customers, make more profit per customer, how to keep them longer, and the many failures and lessons Alex has learned and will learn on his path from $100M to $1B in net worth.Follow Alex Hormozi’s Socials:LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition

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Frequently asked about this episode

What does this episode say about founder & leadership?
Expect and normalize the "lonely chapter" — a period of social isolation is a natural byproduct of intense business building and not a sign of failure.
What does this episode say about founder & leadership?
Prioritize your long-term business goals above immediate social gratification to make necessary trade-offs for success.
What does this episode say about founder & leadership?
Develop a mindset that embraces delayed gratification and self-discipline, recognizing that the cost of success may include evolving social circles.
What does this episode say about founder & leadership?
Understand that an identity shift occurs from individual to entrepreneur, which will lead to a natural evolution of social networks.
What does this episode say about founder & leadership?
Focus on eventually building a new supportive ecosystem of like-minded entrepreneurs who understand and support your ambitious journey.

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