2 Types of Business Risk | Ep 413

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 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: (1:31) - 2 types of risk and their costs when making them. (4:00) - Hardest question in entrepreneurship: when to pivot? (6:52) - Idea risk vs Execution risk for new entrepreneurs. (11:05) - Wealthiest people eliminate risk by controlling it. (14:57) - Change how you think about risks - focus on opportunities. Follow Alex Hormozi’s Socials: LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition