"What Business Should I Start in 2021?" [Perfect Business Model]

[@ewaldsteven]

Man's laying down value even with tubes in his nose. Legend.

[@OddiQueBeatz]

That alone is motivation.

[@aquaphoenixx]

Do you know the reason for those tubes?

[@ewaldsteven]

@@aquaphoenixx To better wheeze the cheese my dude!

[@alphamajestic5566]

This is the definition of a quality lesson. Alex is an absolute gem.

[@brettkastorfitness]

Listened on 1.5 speed and nasal sounds were virtually eliminated. Thanks for the content.

[@AlexHormozi]

Thanks man - had to make a pod without septums haha.

[@lewyfranklin7036]

my man

[@nikhowlett1336]

Woah

[@commy976]

I barely understood him cause I'm not good in English as I thought. So can't watch at 1.5X without reading subtitles. But I was eating so I didn't want to read. Don't know why I'm saying all this. Probably I should be thinking what business to set up and make the real 💰. Have a nice day.

[@berealrelentless6237]

@@commy976 your already ahead of most, since you can use critical thinking and are self-aware!! You go!!!

[@Milo_the_og]

Such a Legend! Best of all the Entrepreneur Channels on KZbin. Absolutely love your content man.

[@johnwillsail]

Agreed

[@Aquiori]

Weed

[@BIGGELATO]

9:49 "anything times zero is zero" "you can have 30 years of track record and make one bet that goes to zero and lose it all" this video is fucking perfection. Makes me laugh that jokes and pranks get millions of views, but a video like this, with little views, teaches us how to make millions... This is the difference between instant grat'fication vs delayed grat'fication.

[@liamn1226]

I’m going back and reviewing some of Alex’s older content and such as this vid and can just tell how passionate he is about what is teaching

[@philnewpower]

Alex, thanks for putting this clip together. Ive been building a business over the last two years, and i can confirm that being unimpeachable is the hardest one to attain.

[@fullaclip]

Truly appreciate the info you're willing to give back in a promethean feat! You're saying things that give me hope, because I know they're fundamentally true. I am in Canada and on Disability, saved up and hustled. Now I have a sublimation business. I have so many excuses to fail, but I'd rather find reasons to get after it!

[@marcoserat3610]

This has given me the reassurance i needed for my startup. Thank you Alex for everything, hopefully we will get to meet in-person one day.

[@silkycamo]

Love that "Everything this man has done has been fairly earned and wisely used". Saved

[@connorsaari8364]

Cool to look back and see how far you've come as an instructor. Shows that you actually are that good

[@B3TILLO]

I dont usually comment on videos. But man, the information and content I recently found on your videos is beyond what all the gurus are putting out. Would really appreciate if you keep discussing actual business strategies and don't convert to mindset stuff and start becoming motivational. Best of luck!!

[@IliePandia]

Thanks for sharing this. The thing about being risk-averse is so interesting to me. I come from a culture of trying to get rich schemes. And your video kinda reminds me of Seth Godin's idea of the long road is the shortcut! Another thing that I find helpful in your videos is your examples and showing how different people think differently. That goes a long way into cementing the information.

[@chrisray3462]

Now that I'm 54, my long term feels really short. I've owned or started two businesses, invested in real estate as a flipper, and have a long career at Fortune 500s. I feel as though I need to swing for the fences in order to be comfortable after I turn 60. Lots of info, but I have analysis paralysis.

[@sophiatealdo9680]

What business should I start in 2021? - Nothing - All will fall that is current so new & better Systems are build from a solid & real Platform - this time will be permanent for the good of All that is - and so it is -Blessed It Be.

[@jimbaker5110]

Warren Buffet also says you get wealthy by “riding your winners”. But that implies you go heavy and over leverage on your most successful business….which by it’s very nature violates being “risk averse”. I take everything people say with a grain of salt.

[@jonyeazel]

Dude just gave a few bangers away for free. love it. Thanks Alex.

[@Andyrew33]

Alex you might be the best business coaching youtuber out there right now. Out of everything I've seen ive grown to like your stuff the best. Keep up the good work.

[@killik102]

The most awesome channel In the hike universe. After every video Clarity is Strong

[@paproductions303]

💎 “If you don’t lose long enough you win by default”

[@jonathancalvooo]

Now when I think about business models I think unique, expensive, sticky, air. Very easy to understand and remember.

[@Mg-eh5ep]

This is one of the best videos I’ve ever watched. Can’t thank you enough 🙏🏽

[@vladimiratanasov2304]

Bro, your channel is pure value. Thank you for the information!

[@OntologyofValue]

Great channel! Actually, two great channels - by you and your wife. I'd love an episode abut how to find someone with the same passion as yours and make sure that you help each other grow (without hidden competition involved).

[@sgazzz]

Love any Buffet/Munger gems you care to share 🙏🏼

[@miraldomusic]

Loved the video. Took notes. Just one thing: Could you make a video talking about being unique? It really feels like everything has been invented already. Keep it up!

[@UNOwen-nn6ui]

You are unique(as cliché and "dumb" as this sounds....) just take something that has been done, and make it better with your spin on it.

[@miraldomusic]

@@UNOwen-nn6ui thank you for your reply. It makes total sense!

[@UNOwen-nn6ui]

@@miraldomusic Your very welcome!Glad i could help^^

[@graanmanely6756]

Your videos are very informative. Thank you for sharing your knowledge, you're making a difference in people's lives.

[@yangmumingsg]

Create for penny. Sell for a buck. Habit forming. Unique way to deliver. Manage risk. Think long term. Fairly earn and wisely used.

[@wellingtonparadzai4754]

I loved this. Simple stuff just execution!!!

[@kokkinias]

you are amazing, I just bought your book. Your advice is priceless

[@GeoffreyFlores]

Impeachable character. Impeachable charter! IMPEACHABLE CHARACTER!!! Be impecable with your word my friends.

[@TDTheTruth]

Unimpeachable

[@GeoffreyFlores]

Haha..definitely don’t be impeachable. Dang you autocorrect!!

[@RepayEvilWithGood]

Alex, I like the fact that mention that these videos are a sort of "Journal" for you. I once thought to do the same thing and I never posted 1000's of videos that I recorded. "Practice makes better." Not GAF how your hair looks or if you've got tubes in your nostrils and still posting videos is a real inspiration. Keep doing what you are doing.

[@duraznokid]

This is brilliant dude. Thank you thank you thank you.

[@AlexHormozi]

Most appreciated.

[@DUDE72341]

Wow great delivery, I've only been watching your videos for a week, is it safe to assume, that excercise and the discipline found in your training/growing muscle. Really set a foundation ie.. cornerstone to alot of your success physically and finacially! Do you have a video on this topic!

[@rayyagloski2]

Thanks for putting these videos together, Alex. Massively impactful to me (and I'm guessing others). Now, it's time for me to turn the inspiration into action.

[@AmritSinghAuja]

Great teacher great philosopher. You are the real Gilgamesh

[@MD-gk9os]

Loved every second of this video! 🙏

[@craigjones891]

Killer content. Thanks for sharing. I appreciate it!

[@RealEstateIsLife]

You channel is growing by 1000’s of subscribers a day at this point and for good reason. Well deserved! 💪

[@godwinkayode7]

Wow! This is massive value here 💥

[@nikovelikov]

I got the Berkshire university as well. Great book, thanks for the share!

[@eagleyejones]

Fairly earned and wisely used. I love that.

[@assassin1065]

Thank you Alex u saved my life

[@pramodrrobin]

Still I wonder that there is 3.4 Billion Active Internet Users In this planet, but only 88k viewers for this golden content..

[@gordongoh1833]

I give a standing applause infront of my monitor after every video👏👏👏

[@Artilectual]

I'm a subscriber, thanks for the content. 🙏 I needed to find you.

[@zaklahfaia8924]

This is such awesome advice and Thanks for sharing this.

[@MIsterioStudios]

Glad to know that according to this data, I’m on the right track. Thanks for some more amazing info.

[@EmeboFavour]

I am grateful 15:47

[@teotheterrible]

That margin thing is gold.

[@godwinkayode7]

Thank you so much sir for sharing such incredible wisdom!

[@brazatolz213]

Awesome vid. Can you make some videos where you give examples of businesses that use this model?

[@rockjockchick]

This is fabulous. Thanks!

[@Mal-nf2sp]

Man's discovered maths.

[@parthghai167]

Awesome video bro 🙏

[@AlexHormozi]

Most appreciated.

[@Bryantrundle]

Golden nuggets 🌋

[@BIGGELATO]

"something that costs a penny that sells for a dollar and that forms a habit" holy shit

[@jacekcierpiszewski]

I sell Products that costs 30k$ for 40k$ and its hard. Wherever somebody doesn't pay me i still have to pay taxes. And then wait sometimes 2 month to get my money back. But how do i sell milions of product worth one dolar that costs me penny? Are there any left?

[@thejohnarnett]

I love your stuff Alex! But random note: when you turn your back to the camera and step in front of the board it disappears. All I see is your massive back! Congrats 🥳

[@bjwkusgxjdks]

I only think of 2 things. 1) a coach who actually helps people make 10x their money, but makes them pay a monthly subscription. 2) a software with monthly subscription Any more ideas guys???

[@shawnemployee6906]

I dont understand the example at 8:20 where he said that you have to increase your price from $100 to $200 to change your profit margin from 90 to 95. anyone can explain?

[@DanielMartinez-kx1ix]

Same

[@ecocleanse9360]

When you own a a company, you sell a service or a product. Each time you sell this product there are a few things to consider for every product you sell. This is marketing resources, cost of each product or amount of product used per service, payment of employees, taxes, ect. The more you pay just to get someone to buy a product the lower the profit margin. So by reversing this you raise the price. And here since it was raised to 200$ whatever the product is now makes more profit in the end raising the profit margins. Did that help?

[@abhishekrajan9646]

If you buy something for $10 and sell for $100 you make 90% profit. If you buy something for $10 and sell it for $200 you make 95% profit. So to take your profitability from 90% to 95% you have to double the selling price. This is what he meant.

[@IgorMartinsM]

This math is wrong

[@gregcassar4584]

great learnings. Awesome summary thanks Alex

[@ryankainec1248]

Great video!! Thanks 🙏🏼

[@mrburtenshaw8610]

Very Helpful, thanks very much

[@micfloo]

I’m watching and learning everything off the videos. Would love to talk in person 🙌🏼

[@CarPimp1987]

Thank you for all the content

[@richspizzaparty]

He just described coca-cola. Buffets fave drink.

[@AbirTarafdar]

Concise. Powerful.

[@PM-st6vu]

A minor counter on being risk averse, rich people got rich because they took massive risks and time/age was on their side. Wouldn't you agree?

[@AlexHormozi]

There’s always risk. It’s people who weigh it accurately who are rewarded. So in essence. It was low risk because they understood what they were doing. Why “the will to prepare” is more important than “the will to win” But super fair point.

[@PM-st6vu]

@@AlexHormozi Yes will to prepare often gets blindsided over will to win, a great takeaway. Thank you!

[@thankdrew1173]

Crazy I watch this a year after the video is shared.... on a Tuesday!

[@adithyams3091]

Hey brotha...love your Videos.... So I have been in this Entrepreneur journey for 2 years and made over 6 figures..... I love sales and marketing...but I'm dabbling around as I don't know what to do... I'm really struggling in which business model to go with...would love to get your suggestion

[@AlexHormozi]

Serve the clients you can provide the most value for.

[@cristianuibar]

Gold. Thank you!

[@dr.stevenwadeau.d.3382]

I really love these videos

[@GradyPolcyn]

So helpful- Ty Alex 🔥🔥🔥

[@boot-strapper]

My business idea is 3/4 of these... Unique Sticky Air (Digital Content). Not sure if I should proceed!

[@romariolourenco1927]

Hey @Alex Thanks for the value. Can u share your top 5 or Top 10 books. Thanks

[@miguelhenriquez7209]

Amazing video so powerful what are some of your favorite book that you have read and study

[@patrioticgrind]

I have a poor man’s mindset. Won $30,000 at casino. Went back again and lost it all. Sometimes it’s gotta hurt real bad to wake up.

[@yeronbacha2630]

Alex, I don't know what to say but thanks a lot. THIS WAS WHAT I NEEDED.

[@moradfares6908]

Gold!

[@andrewdelacalzada2742]

Thank you for this

[@KlaasVictor]

Thank you Alex!

[@johnwillsail]

Legend, thanks brother

[@treffy.x9567]

"You should only get rich once."

[@Acoto]

On one hand you have people who say that you have to take huge risks if you want huge reward (such as starting a business vs staying at a 9/5 or college), on the other hand people like yourself say you have to be extremely risk adverse. Can the two be reconciled?

[@debojunioradebayo2491]

The mnemonic is very helpful. Many Thanks. On the last part about Risk aversion. I wonder whether it's useful to make a distinction between growing capital and preserving capital. The two skills are different. When you're growing capital you may take on risk that you would find inappropriate if you were preserving capital.

[@aatefkamal]

09:05 Can someone explain what he says here? Berkshire has 20 employees? Or he is talking about some other company. I googled and it says that Berkshire has around 3,83,000 employees.

[@omestartamv6251]

Gold.

[@Livewithpurpose239]

Thank you!

[@asiliusongo3627]

guys anyone can explain how he got the gross margins he was talking about? how did we double profitability by moving from 90-95%? Also why do we need to sell double the price to get a 5% gross margin increase?

[@NetanelColish]

Thank you so much!

[@JordanVlogs-QWA]

What do you think of the SMMA business model for people who are new to entrepreneurship?

[@benjacobs2560]

Super interesting content. I just don’t know many businesses that have 90 % gross margins. Definitely no physical products. Maybe software and guru businesses?

[@EmeboFavour]

Thank you sir

[@tonyp2632]

That's what was done with water.

[@yidishaltovsky3157]

Wow this was awesome and so entertaining.. even for someone like me who still has a regular day job 🤨

[@sigmanoo]

Bind blowingly imbortant content

[@Abusamsam333]

Awesome

[@chadelliottfahlman]

Berkshire Hathaway is the world's first Kajillion dollar company.

[@glove8888]

Did you turbinate surgery or deviated septum and was it worth it?

[@AlexanderMoen]

How pissed did Buffett get with Wells Fargo and its unimpeachable character? I hope there's a story that goes with him divesting from them