The NO BS Way To Build $1,000,000 Business (on Impact Theory with Tom Bilyeu Pt 2) | Ep 857

March 25, 2025 by Alex Hormozi

"I drove across the country and called them when I was already there."

"Sometimes you have to trade good for great."

"Listen to the opinions of the people who are closest to your goals."

In this episode of Impact Theory, Tom Bilyeu shares his personal journey from leaving a secure job in consulting to starting his own gym. He reflects on the fears he overcame to pursue a career in fitness, detailing the challenges he faced in the early days of running his business with little knowledge and a limited budget. The conversation highlights the necessity of courage in entrepreneurship, particularly the courage to make challenging decisions like quitting a stable job. Tom elaborates on his hard work ethics and resilience, discussing how grueling hours and determination marked the early stages of his career.

The dialogue broadens to discuss cultural shifts towards a tougher mindset, potentially reflecting a societal reevaluation of work ethic. Tom believes young men should not shy away from working hard for their goals and should embrace the idea of significant time investment for long-term success. He emphasizes the importance of planning and learning from failures, suggesting that young entrepreneurs should detailedly design their 'Plan B' to mitigate risks.

As the conversation progresses, Tom ponders the impact of AI on business, asserting that while it poses challenges, it is ultimately a tool that can enhance efficiency when integrated correctly. He shares insights on approaching hiring, encouraging extensive research and interviews to avoid being deceived by superficial charm. Through personal anecdotes and practical advice, he underlines the value of resilience and persistence in achieving one's ambitions in business and life.

Key Takeaways

Quitting a secure job was one of the hardest decisions Tom made, necessitating courage and conviction.
Resilience and hard work are critical traits for entrepreneurs, especially in early business stages.
Cultural attitudes are shifting towards a greater acceptance of hard work and ambition among young men.
Understanding metrics and data is crucial when hiring to avoid poor hiring decisions.
Keeping focus on things within your control is vital for maintaining productivity and motivation.