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Why I turned down two people who offered me $50k for a single day of coaching/consulting | Ep 224

The Game with Alex Hormozi · with Alex Hormozi · July 31, 2020 · 7 min

Summary

Alex Hormozi shares why he turned down two $50k coaching offers, emphasizing that deep focus on your core business is crucial for scaling. Learn how to strategically decline lucrative distractions that don

Key takeaways

Themes

founder & leadership

Topics covered

focus and prioritizationopportunity coststrategic decision-makingbusiness scaling strategiesavoiding distractions

Episode description

Your focus determines your reality. Today, Alex (@AlexHormozi) shares with us a time when he was asked to be a coach/consultant and what was the reason he ultimately said no to these offers (even if they were willing to pay a high amount for his time).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 on his path from $100M to $1B in net worth.Timestamps:(1:45) - Better journey, better opportunities to say no, avoid distractions(3:22) - Focus on scaling business, more of the same thing(4:59) - Attention on other things, build onto existing model(5:58) - Avoid shiny objects, better opportunities to say noFollow 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?
Prioritize your core business: Accepting high-paying, short-term gigs can divert focus from long-term growth and scaling.
What does this episode say about founder & leadership?
Develop a clear vision: A strong sense of direction allows you to identify and reject opportunities that don't align with your goals.
What does this episode say about founder & leadership?
Avoid "shiny object syndrome": Tempting new ventures can be distractions; stick to building on your existing, proven model.
What does this episode say about founder & leadership?
Master the art of saying "no": Strategically declining offers, even lucrative ones, protects your time and allows you to pursue truly impactful opportunities.

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