5 Things that BILLIONAIRES think about that MILLIONAIRES don’t…

Summary

• Billionaires focus on the scale of the opportunity and pursue ventures with massive growth potential, unlike millionaires who may settle for smaller, less scalable businesses.
• Instead of just mastering promotion, billionaires ensure that their products have lasting demand and prioritize product quality over marketing hype.
• Billionaires build teams of top-talent, aiming for 10 out of 10 people who are passionate about the opportunity, contrary to the "genius with a thousand slaves" approach common among millionaires.
• Rather than thinking short-term, billionaires view time as an asset, preferring to invest in opportunities that compound over time and yield inevitable success.
• Billionaires prioritize building a strong, reputable brand that compounds over time, understanding that a solid reputation attracts equally reputable players and leads to long-term wealth creation.
• In decision-making, billionaires think with a long time horizon, considering the impacts and alignment with their goals decades into the future, which is essential for achieving substantial wealth and success.

Video

How To Take Action

I would suggest focusing on big dreams to start with. Look for ideas that could get really big and not just stay small. That'll get other smart people excited to work with you.

Make sure what you're selling or doing is really good and people will want it for a long time – that's more important than just being good at telling people about it.

Try to find the best people you can to come work with you. The better the people, the better the work will be. If you aim to have a big business, you'll need top talent who believe in your dream.

Think about the future, like way into the future. Invest in things that get better as time goes on. I like to play games where if you just wait, you win.

And build a strong name for yourself. Do things that are right and fair so people will know you're a good person to do business with. Your reputation, or brand, grows with time – and if it's good, it'll bring you more opportunities and great people to work with.

Remember, it's not about getting rich quick. It's about making the right choices that will pay off over many years. Think long-term. That's what billionaires do.

Quotes

"I prefer to play games where if you wait, you win"

– Alex Hormozi

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"It's harder to start a small business than it is to start Blackstone because big talent doesn't want to go pursue a small business opportunity"

– Alex Hormozi

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"Small goals and big goals are equally hard, so you might as well make it worth it"

– Alex Hormozi

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"Big talent only chases big opportunity"

– Alex Hormozi

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"You only get one name"

– Alex Hormozi