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Just stick to your game, and nothing else. Today, Alex (@AlexHormozi) talks about why it's not always rainbows and sunshine when thinking about starting a software company, how the industry is a highly competitive space, and why many entrepreneurs who try starting end up failing hard.
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:
(2:35) - You have to be either incredibly skilled or know how high stakes the risks are if you want to get into starting a software company
(4:00) - The future value of a company is based on a discount applied between future sales now and the day the company dies
(7:41) - Most of these “software” companies never get bought because the people behind them have no idea what they’re doing and they don’t understand the industry
(8:46) - Advice? Stick to your game. Figure out more ways to serve your customers, run ads, expand, etc.
(12:17) - If you actually solve the problem and put a lot of time and effort, you’re going to love everything you do for your company
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