Do we still need accountants?

Do we still need accountants?

HomeAlex HormoziDo we still need accountants?
Do we still need accountants?
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Want to grow your business? Click here: https://acquisition.com
Want to start a business? Go here: https://skool.com/games

If you are new to my channel, my name is Alex Hormozi. I am the founder and managing partner of Acquisition.com. It is a family office, which is just a formal way of saying that we invest our own money in companies. Our 10 portfolio companies bring in over $200,000,000 per year. Our ownership stake ranges from 20% to 100% of them. Since this is a YouTube channel and anyone can claim anything, I will give you a few things below that you can Google to verify.

How I got here…

21: I graduated from Vanderbilt in 3 years Magna Cum Laude and landed a great consulting job.
23 years old: I left my job as a consultant to start a business (a gym).
24 years old: Opening of 5 gyms.
26 years old: Closure of the 6th gymnasium. I lost everything.
26 years old: I started opening gyms again (I started 33). Then I lost everything a second time.
26 years old: In desperation, I started modeling. It worked.
Age 27: /"Gym Launch/" generates $3 million in profits over the next 6 months. Then $17 million in profits over the next 12 months.
28 years old: creation of Prestige Labs. 20 million dollars the first year.
Age 29: Launched ALAN, a software company that allows agencies to work on leads for their clients. Reached $1.7 million in 6 months.
31 years old: Sold 75% of UseAlan to a strategic buyer in an all-stock transaction.
31 years: 66% of Gym Launch & Prestige Labs was sold to American Pacific Group for a valuation of $46.2 million in an all-cash deal. (you can google it)
31 years: We launched our family office Acquisition.com. We invest and grow businesses using the $42 million in distributions we took + cash from the $46.2 million exit.
32 years old: I started creating free content showing how we grow businesses to make real business education accessible to everyone (and) to attract business owners to invest or grow their businesses.
34 years old: I became a co-owner of https://Skool.com to help the many people who want to start an online business do so.

Today: Our portfolio now generates $200 million per year between 10 companies. The largest generates $100 million per year, the smallest $5 million per year. Our ownership varies between 20% and 100% of the companies. We invested in most of them very early and helped them grow (that's how we make our money, not YouTube videos).

To all the gladiators in the arena, we are all writing our own stories. The more terrible the monsters, the more epic the story.

Either you get an epic result or you get an epic story. Either way, you win.

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

Never give up,

Alex

*FULL DISCLOSURE*
I create content to make money – simply – over a longer time horizon than most. I want to build a relationship of trust with business owners so we can find the best ones and help them grow. And if they’re great, write them a check and follow through as partners.

Please feel free to connect and share this video with your friends and family if you find it useful.