How to Start a Business | Ep 514

“Intelligence is actually a speed, it's rate of learning.” Today, Alex (@AlexHormozi) breaks down the steps needed to start a business and make money, including setting up an entity, obtaining a bank account and payment processor, and identifying what to sell and to whom. He also emphasizes the importance of solving problems and providing value to customers, and advises starting with providing services for free to gain experience and build a customer base.

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:

(1:06) - How to start a business & 6 types of products to sell

(2:56) - Identify what to sell & solve other’s problems

(7:26) - The problem is you’re afraid to start a business

(8:47) - Change behavior to learn and become smarter

(11:10) - Decide if you focus on the technical or business aspect.

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