What is the simplest way for an aspiring entrepreneur to start a business?
Replied byAlex Hormozi
Founder & Managing Partner at Acquisition
Niche: Finance
Revenue: Not Publicly Disclosed/month
Location: Las Vegas, Nevada, United States
Started: 2020
Starting a business is concrete: register an LLC, open a business bank account, set up a payment processor, and ask a stranger to pay you for a service. Doing those four things immediately elevates you from an entrepreneur to an actual business owner.
0
From the Full Interview
This answer is part of a full interview with Alex Hormozi, Founder & Managing Partner at Acquisition.
Share this Answer
Found this insight valuable? Share it with your network to help others learn from Alex Hormozi's experience.
Cite This Answer
Use this answer in your research, article, or academic work
Related Answers
What was your worst historical investment experience, and what risk management lesson did it impart?
By Sir Paul Marshall
Finance
Not Publicly Disclosed/mo
What prompted you to start Palisades Goldcorp, and how did the company build its initial capital base?
By Collin Kettell
Finance
Not Publicly Disclosed/mo
What challenge were you trying to solve with AI in the tax business?
By Chris Aiken
Finance
/mo
What advice would you give entrepreneurs about scaling a business?
By Gaurav Jalan
Finance
Estimated $4M-$8M USD/mo
What has enabled Marshall Wace to thrive for nearly three decades while many peer hedge funds have disappeared?
By Sir Paul Marshall
Finance
Not Publicly Disclosed/mo
What were the origins and core mechanism behind the TOPS alpha capture application?
By Sir Paul Marshall
Finance
Not Publicly Disclosed/mo
What makes short selling structurally more difficult and hazardous than long investing?
By Sir Paul Marshall
Finance
Not Publicly Disclosed/mo