746: Ask for Support, Not Permission | The Tough Lessons of Entrepreneurship with Alex Hormozi

In this episode of the Rachel Hollis Podcast, Rachel interviews entrepreneur Alex Hormozi, a first-generation Iranian-American entrepreneur, investor, and philanthropist with a huge portfolio. Alex shares his journey, including the pivotal moments, partnerships, and life-altering decisions that have shaped his career. He discusses the importance of mindset, the role of mitigating risks, and navigating the complexities of business while balancing personal values. Get your copy of Rachel's New Book Here: Audible , Amazon , Barnes & Noble , Books-A-Millon , Bookshop.org , or wherever books are sold! 00:00 Introduction to Alex Hormozi 01:34 The Unplanned Interview 03:06 Alex's Backstory: From Management Consultant to Entrepreneur 04:48 Quitting the Job and Family Reactions 10:03 The Journey to Starting a Gym 13:21 Learning from Mentorship and Early Challenges 18:59 Finding the Right Experts and Building a Business 26:22 The Reality of Hard Work and Sacrifice 34:59 Starting a Gym from Scratch 36:25 The Power of Facebook Ads 37:03 Expanding and Scaling the Business 38:30 Challenges and Setbacks 40:09 Rebuilding After a Major Loss 41:54 The Birth of Gym Launch 49:47 Lessons Learned and Moving Forward 01:03:16 Ego and Unrealistic Comparisons 01:04:54 Overexpansion and Talent Issues 01:05:42 Serving Too Many Customers 01:06:31 Psychological vs. Logical Solutions 01:11:54 Importance of Data in Business 01:16:59 Volume and Consistency in Marketing 01:23:20 The Reality of Building a Business 01:31:53 Embracing Mortality for Freedom 01:36:13 Conclusion and Final Thoughts Sign up for Rachel’s weekly email: https://msrachelhollis.com/insider/ Call the podcast hotline and leave a voicemail! Call (737) 400-4626 Watch the podcast on YouTube: https://www.youtube.com/c/RachelHollisMotivation/videos Follow along on Instagram: https://www.instagram.com/MsRachelHollis To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.