Mike AndesFounder, Augusta Lawn Care and Homeworks · Founder of Homeworks and Augusta Lawn Care

This is what causes entrepreneurs to give up #business #entrepreneur @AlexHormozi

6 Mar 2023 · 1 min

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0:37

This short YouTube commentary (uploaded March 6, 2023 by Mike Andes) reacts to an anecdote attributed to Alex Hormozi about building a $100K/month profit business with no employees and low startup cost. Mike Andes accepts the anecdote but warns that presenting such stories as universally achievable creates false expectations that can lead many entrepreneurs to fail, give up, or suffer psychological harm. The clip contrasts a single exceptional case with the far larger population of businesses that do not reach comparable revenue or profit levels.

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I built a hundred thousand dollar per month profit business with no employees for less than $1,000.
I don't doubt his story and I really like Alex Hormozi, but for every one business that can do $1.2 million in net profit with no employees for the year, I can point out to you 10,000 other companies that have employees and don't even make $1.2 million in revenue in the year. I don't have a problem with this story, but the fact is later in this video he says that anyone can do this. I think these sort of false expectations of reality is what sets up a lot of entrepreneurs and business owners up for failure down the road, potentially giving up completely on their entrepreneurial dream, depression and worse.