Entrepreneur and cryptocurrency investor Alex Hormozi joined YouTuber EllioTrades for his latest video to discuss his secret behind success regardless of market conditions. Hormozi expresses,
“If you’re afraid of going into the recession, that’s a ‘you’ thing because there are people who are stoked to go to the recession.”
Hormozi is a very successful businessman who scaled this business to earn five figures. Currently, his portfolio helps him earn $100 million every year in revenue.
When asked what he believes is the right way to start for someone looking to make the most of the recession, he mentions “evidence transfers,” and doing things that people know they are good at for certain.
He adds that if it were up to him, he would buy would purchase into opportunistic big companies which went from 50 million toplines to 38 million toplines, for instance. Then, over the course of the next 5 to 10 years, he would maximize the most out of those businesses.
He shares that if he had access to a big sum of money, instead of investing in stocks, bonds, cryptocurrency, and additional assets, he would use the money to add more skills to his skillsets, which will help him earn more perpetually.
Furthermore, in a recessionary economy, Hormozi agrees that there are three major functions in a business including, promotion consisting of marketing and sales, the product, in addition to people, recruitment and operations.
He stresses that picking a skill people enjoy, learning it and mastering it is a checklist of skills that will bring about success.
The post Entrepreneur Alex Hormozi Stoked To Invest During Recession appeared first on Coin Edition.
See original on CoinEdition
Source: Cryptocurrency - investing.com
