In a candid reflection on pivotal conversations that shaped his entrepreneurial journey, the host of "The Game" podcast shares insights from various mentors that led to his success, including the importance of aligning actions with desired reputation, the significance of an irresistible business offer, and the courage to leap into entrepreneurship. He emphasizes the value of learning through experience, scaling efforts, and the power of compounding in business growth. The host also discusses the transformative advice on investing in one's strengths, the leverage of an exceptional product, and the underestimated impact of brand value. These lessons not only propelled him to millionaire status by 27 but also informed his approach to building acquisition.com into a billion-dollar portfolio.
He said, I think you have a level ten skill set and a level two opportunity, and that was one of those simultaneously incredibly encouraging things and incredibly heartbreaking things for me.
This quote highlights the speaker's realization of having great skills but insufficient opportunities, serving as a catalyst for change.
The wealthiest people in the world see business as a game. This podcast, the game, is my attempt at documenting the lessons I've learned on my way to building acquisition.com into a billion dollar portfolio.
The quote explains the podcast's purpose, which is to share strategic business insights likened to a game, with the ultimate aim of fostering growth and collaboration.
So we all have lots of conversations that are pivotal points in our life. And I define learning as similar circumstance, new behavior.
This quote defines learning as the ability to change behavior based on past experiences, emphasizing the impact of pivotal conversations.
My dad told me when I was 19 and I had a terrible reputation... why don't you stop acting like an asshole and your reputation will catch up with you?
The quote conveys the speaker's father's straightforward advice on improving reputation through genuine behavioral change.
Figuring out what you want is 99 times harder than getting it. And I'm pretty sure happiness is living as many days in a row that are good as you can.
The quote suggests that defining personal desires and happiness is a complex process, but once understood, it can guide one's actions towards a fulfilling life.
At some point you're not going to know anymore. You just have to jump... which future was I deciding to kill off?
The quote captures the urgency and importance of decision-making in pursuing one's entrepreneurial dreams, emphasizing the cost of indecision.
The secret to sales is making an offer so good, people feel stupid saying no.
The quote encapsulates the speaker's key lesson on sales strategy, which is to create offers that are so attractive that customers are compelled to accept them.
You got to go slow to go fast... what feels slow in the micro looks fast in the macro when you look at the trajectory over a long period of time.
This quote reflects the mentor's advice on the benefits of steady, deliberate progress over quick, inconsistent actions in achieving business growth.
We test with 5000 and then we do 5000 a day. After that... how many things had I done in the past that were the right things, but I just hadn't done enough of them, or I hadn't done them long enough.
The quote highlights a mentor's recommendation for large-scale testing and the speaker's realization that success often requires more effort and persistence than initially assumed.
I saw a guy get up, and he seemed so disorganized and so not passionate at all about his business... we both looked at each other and we're
The incomplete quote suggests that the speaker was reflecting on the contrast between the disorganized individual's success and their own approach, leading to a moment of introspection.
"And it was one of those moments that concrete changes where beliefs are broken, right?"
This quote highlights the pivotal moment when witnessing someone else's success leads to a transformation in mindset, breaking previously held limiting beliefs.
"And when I shifted my perspective from that way, I was able to start using other people's successes to fuel me rather than to make me feel bad."
The speaker emphasizes the importance of using others' successes as a source of inspiration rather than a reason to feel inadequate, indicating a significant shift in perspective.
"I think you have a level ten skill set and a level two opportunity."
This quote reflects the feedback given to the speaker, suggesting that the speaker's skills are not being fully utilized in their current venture, which was a low-level opportunity.
"And that stretched my horizon for what I was capable of."
The speaker acknowledges that the feedback they received expanded their vision of what they could achieve, suggesting the importance of external perspectives in personal growth.
"When it gets easy is when you need to go hard, because otherwise there's someone who's ten times bigger than you who's going to take everything you have and not even think twice about it."
This quote conveys the advice given to the speaker, which is to double down on efforts when things start going well, as success can attract competition that could threaten one's position.
"That was literally fueled by that one conversation."
The speaker attributes their significant business growth to the motivation and urgency instilled by a conversation, emphasizing the power of a single impactful interaction.
"The real win is just doing ten times more of that thing."
This quote distills the advice given to the speaker, which is to concentrate on scaling a successful venture instead of getting distracted by new ideas.
"But the real win is just doing ten times more of that thing."
The speaker reflects on the lesson learned about the importance of focusing on scaling a successful product or service, rather than constantly seeking new wins.
"I learn through giving myself a learning budget."
This quote introduces the idea of setting aside a portion of marketing spend for learning and experimentation, acknowledging that most ideas might fail, but the ones that succeed drive significant progress.
"It gave me permission to spend money without a return immediately."
The speaker discusses how the concept of a learning budget allowed them to invest in new ideas without the pressure of immediate profitability, shifting their focus to long-term learning and growth.
"Mosey Nation, real quick, if you are a business owner that has a big old business and wants to get to a much bigger business, going to 5100 million dollars plus, we would love to talk to you."
This quote is a direct call to action for business owners with ambitions to scale their businesses, directing them to a specific resource for further assistance.
"If you don't agree, don't move forward."
This quote encapsulates the core principle of making unanimous decisions in a partnership. It highlights the importance of agreement and collaboration before proceeding with any action.
"They had a bigger, total, addressable market. They had a bigger tam."
This quote indicates that the speaker learned the importance of market size from successful peers. A larger TAM was a common factor among those who had achieved greater business success.
"You need to have a stable of stallions. You need to give people a slice of the pie and let them get rich, too."
This quote conveys the billionaire's advice on the necessity of empowering a capable team and sharing success to scale a business effectively.
"The business will scale to the cumulative brain power of the organization."
This quote summarizes the concept that a business's growth is directly related to the sum of its team members' expertise and experience.
"He said on a podcast, nonchalantly, that he was getting 3000 applications a month from this like one or 200,000 YouTube channel."
This quote illustrates the significant impact that a personal brand and consistent content creation can have on attracting a dedicated audience and potential business opportunities.
"If that's the price I have to pay to make the impact I want to have, then I would pay it every day of the week."
This quote reflects the famous friend's acceptance of the drawbacks of fame as a necessary cost for achieving a greater impact, influencing the speaker's perspective on personal branding.
"And you attract partners who also have the same mission, have the same values, and it creates significantly more alignment and real world value."
This quote highlights the benefit of personal branding in aligning with partners who share similar values and missions, which can translate to real world and economic value.
"But now, having been on the other side of it, I could tell you that it was a mistake and it took me a long time to learn."
The speaker admits their previous misconception about content creation and acknowledges the error in underestimating its effectiveness.
"So I did that, and then I came back six months later and I said, hey, look, we went from zero to 200,000 people in our audience in six months."
The speaker demonstrates the rapid growth of their audience as a result of following advice to produce content across various platforms.
"The more work you do, the more you get out of it, right? And so the boring work applies to everything in business, whether it's relationships, whether it's cold calling, whether it's making content."
This quote conveys the universal principle that effort correlates with results, applicable to all aspects of business, including content creation.
"And this was the breakthrough I had. One is that if you ever have cash in a bank account, you could just put it in a bond and you'll get a higher percentage."
The speaker had an epiphany about the advantages of investing in bonds over keeping money in bank accounts for better returns and safety.
"85% of your net worth should be in real estate, 15% should be in stocks and stuff."
The speaker relays advice given to someone with real estate expertise, suggesting capital allocation based on one's knowledge and experience.
"But it's only risky if you don't know what you're doing. And this is the place. Like, I can write a five or a $10 million check and be fine if I know what."
Investing in areas of expertise mitigates risk, as demonstrated by the speaker's comfort in making substantial investments in businesses they understand.
"And so if you focus on the product, on making something that's so unbelievable that people cannot help themselves, but tell other people about it."
A product of exceptional quality naturally promotes itself as customers are compelled to share their positive experiences.
"An excellent product is a form of leverage because you get more for your time, you put in X and you get out Y for the rest of your life."
The speaker underscores the leverage gained from a great product, emphasizing the long-term benefits that outweigh initial efforts.
"The amount that you can charge above the commoditized version of your product, the Delta, there is the power of brand."
The speaker conveys Warren Buffett's concept of brand value, which is measured by the premium a branded product can demand over a generic one.
"The brand itself becomes a huge compounding vehicle because the audience and the awareness around the brand compounds."
This quote explains how brand awareness can compound over time, leading to greater market presence and profitability.
"And by the way, I've anonymized these conversations because I don't want the people that I have these conversations with to feel like I'm name dropping or feel like conversation I had with them in confidence ever come back to them."
The speaker clarifies their decision to keep the names of their sources private to maintain the trust and confidentiality of those conversations.