Alex Hormozi’s Entrepreneurial Playbook: From Bankruptcy to Millionaire Mentor

Introduction Alex Hormozi is an American entrepreneur who is especially recognized by his gym-launching skill. At the age of 32, Alex Hormozi crossed a net worth of 100 million. However, there was a big struggle for Alex Hormozi to achieve this stage. After numbers of defeats, betrayal, problems, and sacrifices, Alex continues his plan to achieve something big. Let us break down some reasons for his success. Stand for himself Alex Hormozi wants to achieve something big; however, his dad was very strict with him. After early graduation, He managed to gain everything that a middle-class dream entails, like a home and car. Although Alex Homrozi wanted to do a business, his dad was opposed to him, but Alex did not back down; he went against his father for his dream. He stands for himself and take his step for his future. Critical thinking Alex's critical thinking was on another level when he had to start a business. Instead of studying in business school, Alex decided to learn from the original creator of business. That worked well, and in some time, Alex gained that expertise. Compromise After launching the gym, Alex has no money left. Alex has to face a number of sacrifices during that time. He had to sleep in the gym, which was located down in the basement of the car parking, and the noise of the car did not let Alex to sleep. There were also a number of personal problems, like no place for a shower, laundry, etc. However, Alex did not move apart from his plan and continue his struggle. Finding his real skill At first Alex thought to start a gym business because he had a lot of interest and knowledge of gym But time to time Alex discover more than running a private gym he is getting more benefit from launching gyms in short period of time Alex launch 3 to 4 more gyms and quickly it gain numbers of customers At this point Alex realized he has skills of launching gyms not runnng gyms because in short time of period very less recently open gyms can get numbers of customers .After this Alex sell all his gyms and started gym launching business in which he help others to launch there gym which later proved successfull. Strategic trap The thing that makes you different from others is your expertise and skills. .In a field there are many people but successful will be those who has expertise in it like wise Alex main skill was launching gym .In the first month, Alex brought a a lot of customers to the gym with his strategic trap. .He use ads to increase customer, Where other gym owner attract customer by luxuries of gym Alex attract customer base on there need example Weight loss program where he give offers to customer that they will lose there this kg weight in this time of period .This scheme becomes successful once a customer comes from ads Alex offers make them stay in . Standup after defeats Aim journey are not easy you have multiple defeats in your journey likewise Alex Hormozi face multiple defeat in his business. After launching his gym he had so many difficulties to manage and after expanding his gym business it becomes harder to manage all However he focus on his aim and still continue where he start a new gym launching business which was firstly successful but later it also becomes exhausted to manage and the turning point come when those to whom Alex help to launch gym betray Alex and his own friend who has a share in Alex all worth steal it leaving Alex not only bankrupt but also leave him in sand of loans. But he don't give up when he saw a guy is paying a huge amount of money to him just for learning gym launching skill he has an idea and instead of launching gym for other he start to teach how to launch successful gym to others. His business has become more successful and make him a millionaire in some time. .