Join the Lifestyle Business Academy waitlist (and receive a recording of my “How to become financially free” workshop): https://go.aliabdaal.com/financiallyfreeytd

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MY PRODUCTIVITY APPS

📝 Momentum: Energising Habits (iOS) – Download Here → https://go.sparkle.so/momentum16yt

👻 Voicepal: AI Writing App (iOS/Android) – Download for Free → https://go.aliabdaal.com/voicepal/ytd

MY BOOK

📕 My New York Times bestselling book Feel-Good Productivity (2,000+ 5-star reviews) → https://go.feelgoodproductivity.com/amazon/yt

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🧠 My Productivity System: LifeOS → https://go.aliabdaal.com/lifeos/ytd

🤑 Grow / Monetise your YouTube Channel → https://go.aliabdaal.com/PTYA/yt

CONNECT WITH ME

💌 Join LifeNotes, my weekly email where I share what I’m reading u0026 learning: https://go.aliabdaal.com/lifenotes/yt

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📱 TikTok: https://www.tiktok.com/@aliabdaal

👨‍💻  Linkedin: https://www.linkedin.com/in/ali-abdaal/

🌍  My website / blog: https://www.aliabdaal.com/

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Hey friends, if you’ve ever wanted to start your own business but felt stuck because you don’t have the “right idea” or you’re worried it’s too risky, this video is for you. I sat down with serial entrepreneur Daniel Priestley to unpack nine key lessons that can help anyone build a business from scratch. These are the insights that I’ve also learned from being an entrepreneur, and hopefully you’ll find them useful. Enjoy xx

🔗 LINKS MENTIONED IN THIS VIDEO

📗 Fooled by Randomness by Nassim Nicholas Taleb: https://geni.us/EwoO5

TIMESTAMPS
00:00 – Introduction
01:33 – School Didn’t Teach You To Be An Entrepreneur
05:26 – The Entrepreneur Mindset Shift
13:00 – The Lie You Were Taught About Business
23:50 – What A Lifestyle Business Actually Looks Like
30:57 – Goodbye Homer Simpson
40:01 – How Business Actually Works
43:43 – The 7-6-6 Apprenticeship
55:34 – Your Founder-Opportunity Fit
01:01:03 – Pain, Prize, Payment
01:05:00 – Should You Sell To The Rich?

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 $250,000,000+ 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 u0026 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 https://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

DISCLOSURE
Information shared here is for educational purposes only. Individuals and business owners should evaluate their own business strategies, and identify any potential risks. The information shared here is not a guarantee of success. Your results may vary.
Copyright © 2025.