Mark Bell's Power Project - Power Bite || Alex Hormozi is Not a Business Coach

Starting point is 00:00:00 What up, party people? So today we have a short clip from when Mark Bell went and hung out with Alex Hormozy. They got into a lifting session, and thank goodness the cameras kept rolling because they got into a deep conversation, which you guys will hear in its entirety on Monday, August 8th.

Starting point is 00:00:15 But up until then, we're gonna show you a couple of our favorite pieces and highlights from that conversation to get you guys ready for that full-length episode, again, which drops on Monday. So I hope you guys enjoy this. And again, be looking out for the full length conversation with Mark Bell and Alex Hormozy as they got an awesome lifting session this coming Monday, August 8th. I'll catch you guys later. Peace. For people that are just tuning in to this,

Starting point is 00:00:38 and this is the first time seeing you, what's like, maybe a misconception of you, you think that might be out there that just because people saw like quick videos on YouTube or a quick TikTok or Instagram or something? That's a good question. I feel like Caleb has a good idea for that. Is there a couple of misinterpretations, like two or three that? Well, I think one of them is actually what Joe said. He was like, so you're like a business coach. I was like, I'm not a business coach.

Starting point is 00:01:02 Like we just own businesses. So I don't coach anybody. The only people that like I work with are companies we own right so that's probably the biggest misconception because I get GM so you more invest in companies that's all I do exclusively is investing and then once you invest in it yeah you're invested in it and you're gonna help and well yeah then I'm gonna do everything I can to grow the because I'm I'm literally vested part of the the team. Yeah, a hundred percent. And so we act, so we basically built, so acquisition.com is a business that builds businesses.

Starting point is 00:01:31 So I was thinking like, I look at Warren Buffett, who's a big hero of mine. I was like, okay, how do I take all the money I have and then create a business where I can actively work on the business while also compounding my wealth? And so I knew it had to be something where I could mix money with active time. So if I make a real estate deal, I put money in, but I don't put any time in. So I don't have a lot of value out there. Like I'm not going to, you know, I didn't make my money in apartment building. So I don't, I can, you know, conceptually I get it, but like I don't, I'm not in it.

Starting point is 00:01:57 Someone comes to me with, you know, 10 locations of a hair salon. They got a cool, unique model. They're like, I want to get to 200 i'm like we can do that like that's a game we are good at or someone's like hey i've got this you know unique way that i help insurance sales guys triple their sales volume by doing these three things that's different i have this tool that helps them then i'm like cool that's a business that i mentioned to ryan on the way here yeah i have these ideas all the time my wife's like pump the brakes she's like can you and I together, can we make that company better? And I'm like,

Starting point is 00:02:31 I see your, you know, and, and like, how interested are you going to be in it for how long? Right. And so that's a good question for people that are like thinking of investing, or if you have someone that's going to invest, can they make your business better than where it's at now? If they can't, then it's probably not meant to be. So we look at the person, like, do we like this person? What I want this, it sounds terrible to say this, but like, do I want this person to be rich? And I'm like, I want this guy, I want him to be somebody

Starting point is 00:02:57 who's an example to other people because I want him to be rich. I'm like, I will help this person even if I didn't make money. So it's like, that's checkbox one. The second one is like, how big do I think this opportunity is? If it's something that serves a very, very, you know, can only get to 10, maybe 20 million, it's something I'm not like, not that I won't help somebody, but I might not be as interested as something I think get to 100. It's a bigger marketplace, serves a bigger need, whatever. And then the third one is like, what's my unique value at? Like, this is a great founder. This is a great business. It's not my wheelhouse.

Starting point is 00:03:23 But you can think of five other people that could help better. Yeah, I could refer them. Or what we'll do is just say, like, hey, I don't think that what I could do merits the investment that I would want to make to make this meaningful for me. So just this is what I would do. Good luck. So we'll give somebody, even if we're not going to work with them, like, just our general plan of what we would do. Because, like, Caleb knows this because he's been working with me for a while. But, like, we're big believers big believers and like it'll come back

Starting point is 00:03:45 you know what I mean and even if it doesn't come back so all I did was help someone oh no you know what I mean like for free

Starting point is 00:03:52 yeah right right you know like I'll die happy like it's fine so that's kind of the thought process behind it

Starting point is 00:03:59 I'll hit this last set piston I'll hit this last set. Pistons. Nice set. Smoked it. You want to do one draw? Yeah, you want to do the 35 and then burn it out? Sure.

Starting point is 00:04:20 Is there any other misconceptions? I was going to ask Caleb, because you see the dms in the comments a lot thinking people think that you're like uh people think that you're like mr crabs on spongebob all you care about is money oh well you know what i might not even bother you but no yeah i've always been really hesitant to say like i don't care about money because i do care about money yeah and i never want to get into a situation where we're like, he did that for the money. I'm like, yep, 100%. That's what I did it for.

Starting point is 00:04:47 So it's just like, what am I doing for the money? So it's like, I have values. As long as it doesn't contradict a value. You know, someone's like, it cost them a penny to make this thing they sell for $100. That's terrible. I'm like, dude, I mean, you price all value, not off cost. So that's just American. Because as soon as you say that a certain amount of profit is not ethical,

Starting point is 00:05:08 you get into this really gray area where I'm like, what's okay? 100% markup? Like, is it 201%? Does he end up in the DMs at all or no? Oh, yeah. Yeah. Oh, yeah. I do.

Starting point is 00:05:20 Does he end up in the DMs? Guru, yeah. Yeah, like a guru or whatever. It's like business coach, mentor, guru, all of that. It's just because that's the space, which is why we tried to very consciously say like, Swatch yourself. Oh, my bad. We don't sell anything.

Starting point is 00:05:35 I don't have any courses. I have no masterminds. I almost removed, and I'm still going back and forth on removing the tag because I have a book for 99 cents just because the internet doesn't deal well with gray, with nuance. That's the way. Internet doesn't deal well with gray. Do you find yourself defending yourself in your DMs? No, I don't.

Starting point is 00:05:52 I don't. You spend pretty good with that? Oh, yeah. That's not mine. I'm kidding. That's not mine. I lean more towards like... Yeah, I understand.

Starting point is 00:06:02 Well, because it's like... Yeah, joking with people or giving giving them good advice right yeah yeah because i get because i also get some some of the companies we have or you know they're founder facing you know they're facing brand kind of like you with slingshot right like and um people give them flack and they're like and they get bugged you know they get bugged by it and i'm like i always feel like you get bugged by stuff that you think there's a there's a string of truth in it pat brock to family i hope you guys are enjoying this Now, I want to talk to you guys about three things that have vastly improved our sleep because you guys know how f***ing important that is at this point. The first thing are the blue light blocking glasses from Bon Charge

Starting point is 00:06:34 because they help you start producing the melatonin you need to produce before you go to sleep. Secondly, the blue light blocking bulbs because then you can replace the lights in your bathroom, in your bedroom, the places that you frequent at night so that when you got to turn on the lights, go peep or poo, you're not bathed in an artificial light. And then the last thing are the sleep masks so that when you are sleeping, you are covered in the dark of night. Andrew, how can they get it?

Starting point is 00:06:59 Yeah, you guys got to head over to bondcharge.com. That's B-O-N charge.com slash power project and at checkout enter promo code power project to save 20 off your entire order links to them down in the description as well as the podcast show notes let's get back to the podcast and so if i was like mark's got pink hair he's a girl you'd be like i mean all right all right all right but if it was like i'm not saying you'd like like if somebody, you know, Johnny over here, you know, rips off his customers and he like has a terrible product,

Starting point is 00:07:28 doesn't deliver support. If Johnny gets upset by that, then there's probably an element of truth there. But if Johnny hasn't lost a customer and has net negative churn and his thing's doubling every month because it's all based on word of mouth, he'd be like, okay. If he's known for having the best customer service ever,

Starting point is 00:07:43 he's laughing about it. Right. And so it's like, I think there's gold in the comments. If you can like take the, you can take your ego out of it. It's like all the gold's there. But like, if you get upset, then it's like, that's a good indicator rather than like, I should get defensive. It's like, dude, you're right. We're working on it.

Starting point is 00:07:57 Two or three people say the same thing. It's like, yeah. And I don't think. Maybe you should look at it. Yeah. Yeah. I don't think humans biologically are meant to do what social media does on the plus or the negative like we're social beings and so we feed off of um feedback so like you're a kid and you look around and you're like what

Starting point is 00:08:15 does that mean and then an adult says this is what that means and you're like oh that's what that means now what they just said might completely be wrong but like we orient ourselves with feedback but then a lot of people can't take a thousand people in a day telling them they're a piece of shit It's just but like biologically we weren't built for social No, I had interaction with like 50 people 100 people in a lifetime And if a hundred out of a hundred people you talk to you said you're an asshole like you should fix your behavior Yeah, but if you've got a thousand telling you're an asshole and a million saying you're amazing You still hear the thousand and it hits the same.

Starting point is 00:08:45 So I think that that's the, and on the flip side, the fame, like the crazy mania of like, you're amazing. You're a God. You can do no wrong. You know what I mean? Like, it's just as if not worse. So it's like, I think you have to unplug from the matrix and say like, none of this matters. Like all the hate, that's their worldview reflecting on me.

Starting point is 00:09:04 And all the positive is like i'm filling a hole that someone didn't fill for them but it has nothing to do with me you know what i mean it doesn't make you any more loved by your wife no right like that's what i share with people like i have some friends that have like they value like i guess what the stuff i've done right and they'll say certain things they They'll say, hey, just to be clear, your wife doesn't love you any less than my wife loves me. It's the same, you know, unless there's other things we don't know about.

Starting point is 00:09:32 But it should be similar, right? Your mom and dad, your family, as long as you've got a healthy family, it's the same. It's not more because you've got more followers. Right. Clayton Christensen, who was a Harvard business professor, he died at like 64 from cancer. Guy like killed like two-time national champion ncaa basketball player harvard business school then professor that started founded big businesses whatever and he wrote this book called how will you measure your life it was a really interesting book where he talks about like

Starting point is 00:09:59 a lot of his harvard business school like friends they only measured their life with money because it was the easiest thing to measure not not because it was the most meaningful. And so he talks about how different ways to look at measuring, because when you're dead or when you're 80-something, you're not like, man, I'm so glad I'm worth $10 billion instead of $5. You're like, man, I wish my kid were here. Yeah. You know what I mean?

Starting point is 00:10:19 And so he talks about, you have your strategy. He said, but where strategy meets reality is resource allocation. So resources being time and money. It's like, where do you spend your time? Your kid's not going to be like, that was so sick. My dad invested in 50 different businesses. He's like, he was there and he went fishing with me. He was there, he wasn't.

Starting point is 00:10:34 Yeah, exactly. No, totally. And so he talks about like spending. He said, you can stay at work late one night and your marriage probably won't be different like if you miss dinner one night he's like but the problem is that they'll sacrifice that like today thing but they lose the long-term benefit and they sacrifice that for the short-term benefit of the promotion of the recognition for a project he's like so it's always and it comes out i think we were talking earlier it's like short-term discomfort for long-term achievement people

Starting point is 00:11:03 usually don't make that trade they They make it the wrong way. Peeps, we love bringing you all this fitness information and we also want to help bring that information to more people. So if you could help us out, hit that rep subscribe button and then hit the notification bell and we'll continue to bring you the heat

Starting point is 00:11:16 and I won't whisper in your ear. Talk to you guys later.

Mark Bell's Power Project - Power Bite || Alex Hormozi is Not a Business Coach

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.