The Realization That Reshaped My Approach To Business
Summary
- I've learned that having a chip on your shoulder can drive you forward, but it's not conducive to long-term happiness.
- When striving for success, it's important to set higher goals to stay motivated, but be careful with the methods you use to motivate yourself.
- My experience showed me that beating a competitor like Bedros Coolian didn't bring the satisfaction or impact on him that I had expected.
- Success against a rival feels empty if it's driven by hatred; true competitors are often unaffected by your victories.
- Building a vendetta against someone can harm your mental health more than it harms the target of your resentment.
- Rather than harboring anger, focus on your advancement and contribute positively to others in your industry – this enhances personal well-being without damaging professional relationships.
- Negative talk about others can damage your own reputation; people remember how negative energy makes them feel and associate it with you.
- Collaborating with competitors or industry peers instead of attacking them can be mutually beneficial and lucrative.
- Understand that most markets are not zero-sum games; there's ample demand for services and solutions, with room for different approaches to coexist.
- Being spiteful can hurt long-term opportunities because high-level network conversations can influence business dealings.
- Use any anger constructively to motivate yourself, but avoid using it maliciously towards others – it's counterproductive and can stunt your growth and success.
Video
How To Take Action
I would suggest first turning that chip on your shoulder into motivation without letting it tip over into resentment. You want that drive without the negative side effects. So, set goals that challenge you, but do it for yourself, not to get back at someone else. It's way better for your happiness.
Be careful with how you talk about competitors or anyone, really. Negative talk about others can make people feel bad, and they'll remember that bad feeling and think of you. Instead, if you feel angry, use that energy to push yourself forward, but not against someone else. That way, your growth is healthy and positive.
Now, let's be smart and look for opportunities to collaborate with others in your field. This can be good for everyone. Remember, there's plenty of success to go around. It's not a winner-take-all world. When you help others and they help you, everyone can win more. Plus, it's good for your mind and relationships.
Also, don't be fooled into thinking your success hurts your competitors. It usually doesn't. By focusing on doing your best, you'll keep getting better, and that's awesome for you and your business. If you get angry, channel it into working harder and improving yourself, not taking swipes at others.
Lastly, keep an open mind. You might think the market is small, but it's really huge! There's room for lots of people and businesses. Spread positive vibes, collaborate when you can, and keep climbing that mountain with a healthy attitude. This will help you feel good, keep your reputation strong, and open up more chances for success in the future.
Quotes
"Everyone wishes for the American Dream and roots for you for the American Dream until it comes true"
– Alex Hormozi
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"The higher you get, the more humbling it is to realize that your success doesn't hurt anyone else"
– Alex Hormozi
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"All the venom, vengeance, and vendetta… the only person it poisoned was me"
– Alex Hormozi
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"If you're climbing the mountain, stay hungry as hell, do whatever it takes to stay motivated"
– Alex Hormozi
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"The ocean's very big, it's so much bigger than everyone gives it credit for"
– Alex Hormozi
