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 Hormozi01:34 The Unplanned Interview03:06 Alex's Backstory: From Management Consultant to Entrepreneur04:48 Quitting the Job and Family Reactions10:03 The Journey to Starting a Gym13:21 Learning from Mentorship and Early Challenges 18:59 Finding the Right Experts and Building a Business26:22 The Reality of Hard Work and Sacrifice34:59 Starting a Gym from Scratch36:25 The Power of Facebook Ads37:03 Expanding and Scaling the Business38:30 Challenges and Setbacks40:09 Rebuilding After a Major Loss41:54 The Birth of Gym Launch49:47 Lessons Learned and Moving Forward01:03:16 Ego and Unrealistic Comparisons01:04:54 Overexpansion and Talent Issues01:05:42 Serving Too Many Customers01:06:31 Psychological vs. Logical Solutions01:11:54 Importance of Data in Business01:16:59 Volume and Consistency in Marketing01:23:20 The Reality of Building a Business01:31:53 Embracing Mortality for Freedom01:36:13 Conclusion and Final ThoughtsSign up for Rachel’s weekly email: https://msrachelhollis.com/insider/Call the podcast hotline and leave a voicemail! Call (737) 400-4626Watch the podcast on YouTube: https://www.youtube.com/c/RachelHollisMotivation/videosFollow 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.