Mark Zuckerberg didn't have side hustles

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How I got here…

21: Graduated Vanderbilt in 3 years Magna Cum Laude, and took a fancy consulting job.
23 yrs old: Left my fancy consulting job to start a business (a gym).
24 yrs old: Opened 5 gym locations.
26 yrs old: Closed down 6th gym. Lost everything.
26 yrs old: Got back to launching gyms (launched 33). Then, lost everything for a 2nd time.
26 yrs old: In desperation, started licensing model as a hail mary. It worked.
27 yrs old: "Gym Launch" does $3M profit the next 6 months. Then $17M profit next 12 months.
28 yrs old: Started Prestige Labs. $20M the first year.
29 yrs old: Launched ALAN, a software company for agencies to work leads for customers. Scaled to $1.7mmo within 6 months.
31 yrs old: Sold 75% of UseAlan to a strategic buyer in an all stock deal.
31 yrs old: Sold 66% of Gym Launch & Prestige Labs at $46.2M valuation in all-cash deal to American Pacific Group. (you can google it)
32 yrs old: Started making free content showing how we grow companies to make real business education accessible to everyone (and) to attract business owners to invest or scale their businesses.

Today: Our portfolio now does $200M/yr between 10 companies. The largest doing $100M/yr the smallest doing $5M per year. Our ownership varies between 20% and 100% ownership of the companies. Many of them we invested in early and helped grow (which is how we make our money - not youtube videos).

To all the gladiators in the arena, we’re all in the middle of writing our own stories. The worse the monsters, the more epic the story.

You either get an epic outcome or an epic story. Both mean you win.

Keep crushing. May your desires be greater than your obstacles.

Never quit,

Alex

*FULL DISCLOSURE*
I make content to make money - just - on a longer time horizon than most. I want to build trust with business owners so we can find the best ones and help them scale. And if they’re awesome, write them a check and go all the way as partners.

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He who chases two rabbits catches none.

abasis.baruti

When I was younger I would say “it’s hard to make 100, 000 from one business, but easy to make 50, 000 from 2” proud to say I’ve outgrown this ideology

brandonmoini

Mike mickalowicz - spelling is off here - wrote a book a few years back called "the pumpkin plan" that goes into depth about what Alex is talking about in this video. The only way you can grow massive award winning pumpkins is to remove all the rest of them from the vine, thus allowing one pumpkin to take advantage of all the resources. Pretty cool analogy.

mikeweber

Focusing on one thing will lead to a bigger result later on. Love how you explained it!

shumatsuopost

If you don't have any side hustle and want to escape the 9 to 5 then start a side hustle that you could scale. Problem is most take on to much and nothing scales.

TheFreedomProvider

Most people don't understand the power of one.

thedksdeepak

Are you talking about Ryan P. At the end?

alancaballero

Hey brother, really enjoy you’re content. Question of you’re opinion, don’t you think a general contracting business would work well with a real estate business building air bnbs?

matthewwoody

Shut down business after business? I'd sell them, guess he forgot to think about that when writing this story

e.m

Definitely a wise philosophy, at certain times. I would expand on it to state that you should focus solely on your first thing until you can step back from its day to day operations. Put systems and people in place so that it runs with very little of your time and effort. THEN, start looking at the next thing. The world is not going to get better any time soon. All this instability means that you need to be as diversified as possible or you risk losing everything.

realalexmackenzie