How to Know When to Abandon Ship

Want to SCALE your business? Go here: acquisition.com
Want to START a business? Go here: skool.com/games
If you’re new to my channel, my name is Alex Hormozi. I’m the founder and managing partner of Acquisition.com. It’s a family office, which is just a formal way of saying we invest our own money into companies. Our 10 portfolio companies bring in over $200,000,000+ per year. Our ownership stake varies between 20% and 100% of them. Given this is a YT channel, and anyone can claim anything, I’ll give you some stuff you can google to verify below.
How I got here…
21: Graduated Vanderbilt in 3 years Magna Cum Laude, and took a fancy consulting job.
23 yrs old: Left my fancy consulting job to start a business (a gym).
24 yrs old: Opened 5 gym locations.
26 yrs old: Closed down 6th gym. Lost everything.
26 yrs old: Got back to launching gyms (launched 33). Then, lost everything for a 2nd time.
26 yrs old: In desperation, started licensing model as a hail mary. It worked.
27 yrs old: "Gym Launch" does $3M profit the next 6 months. Then $17M profit next 12 months.
28 yrs old: Started Prestige Labs. $20M the first year.
29 yrs old: Launched ALAN, a software company for agencies to work leads for customers. Scaled to $1.7mmo within 6 months.
31 yrs old: Sold 75% of UseAlan to a strategic buyer in an all stock deal.
31 yrs old: Sold 66% of Gym Launch & Prestige Labs at $46.2M valuation in all-cash deal to American Pacific Group. (you can google it)
31 yrs old: Started our family office Acquisition.com. We invest and scale companies using the $42M in distributions we had taken + the cash from the $46.2M exit.
32 yrs old: Started making free content showing how we grow companies to make real business education accessible to everyone (and) to attract business owners to invest or scale their businesses.
34 yrs old: I became co-owner of Skool.com to help the many people who want to start a business online do so.
Today: Our portfolio now does $200M/yr between 10 companies. The largest doing $100M/yr the smallest doing $5M per year. Our ownership varies between 20% and 100% ownership of the companies. Many of them we invested in early and helped grow (which is how we make our money - not youtube videos).
To all the gladiators in the arena, we’re all in the middle of writing our own stories. The worse the monsters, the more epic the story.
You either get an epic outcome or an epic story. Both mean you win.
Keep crushing. May your desires be greater than your obstacles.
Never quit,
Alex
FULL DISCLOSURE
I make content to make money - just - on a longer time horizon than most. I want to build trust with business owners so we can find the best ones and help them scale. And if they’re awesome, write them a check and go all the way as partners.

[@Madchris8828]

Businesses and markets both go up and down and ride waves. Unfortunately you'll never "know" for certain on jumping ship on a stock a business or much of anything. There is good reason why they say hindsight is 20-20.

[@next2134]

What song is this?

[@devatl]

Resilience

[@BSPoK]

The solemn pause 😁… and the content is great too

[@BiondBoom]

WildOats-5-“What is the worst that happens” changed my life. Ready for the dip. Mentor provided me the light bulb moment to be ready for the dip and recognize that fear is a mile wide and an inch deep. Appreciate this!

[@LivingInCharlotteTeam]

Please go back to posting every 1-2 days

[@Jrobfitlife]

Living this in real life , but it's not working....that dip in pay is sooo difficult.

[@BiondBoom]

WildOats-7-First glitch in this initiative. Guessing if I move away from video too soon the comment gets loaded onto next video. Adapting. Comment here was supposed to be moving away from being commoditized real world example. Cool to see someone working through that in a real example.

[@s.omarfarooque1486]

That sounds like mesocycle periodization. It's a parallel.

[@w1z4rd9]

So basically Decision based on Intuitive General MANAGEMENT

[@cadedavis1777]

I just switched and in the puts of hell rn 😂. Only time will tell if it was the right decision

[@brettlaw4346]

Don't play with a stacked deck. Don't try and beat a shady dealer.

[@jessajets]

I did that this year took over $100,000 pay cut for one year to build my lending company it’s now doing 6X what I was doing before 😁

[@projectGlory]

That’s so good

[@Janzen_Wark]

Your content doesn’t miss. True Goat

[@purelyindividual]

😮 Oh 🙂

[@carsonspitzke]

there's a difference between switching because you can't make it work and you can make it work faster with a different oppotunity if others can make it work but you can't just get good

[@BiondBoom]

WildOats-6-Grand Slam offers seem that much more possible in these niche situations. Even if offering multiple niches slightly different products. Reminds me of the bricks in $100M offers

[@stephenjetwynn9312]

Expectations become reality the more time you spend in reality than in your head with the expectations.

[@jaredcrenshaw7665]

I like the zero b.s.ness of Alex's content. You just don't know. There's a lot of luck in life.

[@random55555]

I hate that answer but I also love it. Thank you

[@jacobmorres9817]

I thought u said u felt u shudda kept with gym launch

[@jamesfox7760]

This is the biggest thing being an entrepreneur to this day it still bothers me if I made the best move on some projects

[@cheezyj4964]

Where you are now was determined by your decisions made.

[@ronaldodefebro5329]

This is a relationship advice I didn’t know I needed

[@latenttweet]

❤❤❤❤

[@dickyvarma]

Yes, i switch 9 business because the deep😅