How Anyone Can Develop The Mindset Of A Multi-Million Dollar Entrepreneur - Daniel Priestley
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- Опубликовано: 2 июн 2024
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Season 4 Episode 8
Five core strengths make someone a key person of influence, and like any other skills, anyone can learn and develop these strengths”. Daniel Priestly is a serial entrepreneur and the author of five best selling books. This is a quote taken from his book Oversubscribed, which is my most highlighted book on kindle of hundred’s of books in my library. In the episode, Daniel gives us a systemised business masterclass, we start by tracing his backstory, discussing how he started his first company at 21 and made over 10 million in the space of 3 years, before diving into the lessons from his books that teach us how anymore can start a business while still working a full-time job with the right skills and mindset. Enjoy!
00:00 Intro
01:05 How did you get into business?
08:09 How useful is it to join a startup vs start your own business straight away?
12:45 Your background in event marketing
20:14 Getting to 10 million+ in 3 years
21:44 The J-curve business model
27:56 The freelancer vs entrepreneur model
24:08 Your relationship with money when you started your first business
39:25 Lessons in lead generation (logic, emotion & urgency)
47:23 How to get good at sales and marketing
57:40 Challenges you faced in your journey
01:05:46 Your Book: Entrepreneur Revolution
01:13:50 The mindset of an entrepreneur
01:22:24 Work-life balance for entrepreneurs
01:33:51 MVPs: Scorecards and how they work
01:43:25 Understanding leads and product market fit
02:00:04 The difference between a pro entrepreneur and amateur
02:03:57 The importance of sales people
02:10:37 Owning multiple business and family life
02:14:45 How much do you care about making more money?
🔗 CONNECT WITH DANIEL
📝 Sign up to a Scoreapp 30 day FREE trial: signup.scoreapp.com/extended-...
🐦 Twitter - / danielpriestley
📸 Instagram - / danielpriestley
💻 Website - www.dent.global/
🔗 CONNECT WITH ALI
🎥 RUclips Channel - / aliabdaal
🐦 Twitter - / aliabdaal
📸 Instagram - / aliabdaal
💻 Website - aliabdaal.com
👥 Linkedin - / ali-abdaal
📚 RESOURCES MENTIONED
Oversubscribed by Daniel Priestley - geni.us/h6mFLe
Scorecard Marketing: The four-step playbook for getting better leads and bigger profits by Daniel Priestley - geni.us/VBoFR
Entrepreneur Revolution by Daniel Priestley - geni.us/gbp4XQK
Key Person of Influence by Daniel Priestley - geni.us/xCzg
The Second Mountain by David Brooks geni.us/Qc4PC2
📄SHOW NOTES & TRANSCRIPT
Visit the website for the transcript and highlights from the conversation - aliabdaal.com/podcast/
🎙 ABOUT THE PODCAST
Deep Dive is the podcast that delves into the minds of entrepreneurs, creators and other inspiring people to uncover the philosophies, strategies and tools that help us live happier, healthier and more productive lives.
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I have been working for nearly 30 years and I took 1 year to volunteer at a very small start up of a solopreneur. It's changed my whole life. I learnt more in a year than I learnt in 30 years in a job I realised that I wasted 30 years of my life in cooperate and education. Young people need to know this
I feel like this conversation is a real life hack. No fluff. Just a meaty discussion. Appreciate it guys.
He is brilliant. The way he organizes his thoughts and breaks down the teaching is enlightening.
GREAT INTERVIEW SKILLS! Ali is one of the best interviewers I’ve seen. He really listens, asks very short questions, asks insightful follow up questions, and does not make it about himself. Too many interviewers on RUclips ask long-winded questions that really are more about themselves than about the interview subject. Thankfully, Ali does not do that. Wonderful interview. Of course it helps that interview guest is absolutely fantastic and incredibly impressive. This video should be mandatory viewing for every business school and entrepreneurship class. Top notch! THANK YOU!
This is the most insightful interview i have ever seen about entrepreneurship. Never heard of Daniel before but his insights are fantastic on this topic. Brutally honest and counter to the way most people think.
Every minute on this video is pure gold.
Love the message. Wealth is a state of mind. When I focus on gratitude and enjoying today, money finds it way to me much easier and more enjoyable. Everytime I play the game of adding another 0 to my net worth, it always starts with the inner work.
There are lots of mixed opinions about stocks and there projection in the next coming years, I aim for short term solid gains from market correction and I'd definitely jump on the boat if I knew a thing or two about day-trading, but then again what do I really know? I'm just looking for the right moves to grow and hedge my stagnant reserve of $370k from inflation.
it's all hype! best to ignore the trend at the moment whether bullish or bearish, and stick to a proper trading plan preferably with expertise assistance.
Yeah, more reason I enjoy my day to day market decisions is that i'm being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to outperform. Netted over $1.5m in return on investment, since using a coach 2years and counting.
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, '' Pamela Kay Regel'' turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
What the fuck are up with the bots in this comments section?
🎯 Key Takeaways for quick navigation:
00:00 📚 *Introduction to Daniel Priestley and his entrepreneurial insights*
- Daniel Priestley's background and books on entrepreneurship
- Discussion on starting a business and solving market needs
02:04 🚀 *Daniel's early entrepreneurial journey*
- Joining a startup at 19 and rapid business growth
- Insights into lead generation and event marketing
05:06 📈 *Lead generation strategies in business*
- The importance of lead generation in business growth
- Examples of lead generation methods and their effectiveness
08:10 💼 *The value of working in a startup environment*
- The benefits of gaining experience in a small business
- Comparing corporate and small business work experiences
10:11 🧐 *Insights into entrepreneurship and business operations*
- Understanding the intricacies of running a business
- Real-world examples of entrepreneurship challenges
13:00 🌍 *Discussing specific business strategies and operations*
- Case studies of business models and revenue generation
- Strategies for successful business ventures
16:06 📚 *Book promotion and sponsorship mention*
- Brief interlude for book promotion and sponsor acknowledgment
18:08 💡 *Understanding the nuances of business and entrepreneurship*
- Deep dive into various aspects of running a business
- Discussions on business models, revenue, and growth strategies
21:12 🌟 *Entrepreneurial growth and mindset development*
- Exploring the entrepreneurial mindset and its evolution
- Personal anecdotes and advice for aspiring entrepreneurs
24:29 📹 *Exploring the Creator Economy and digital entrepreneurship*
- The shift from traditional to digital business models
- Impact of the digital age on entrepreneurship
27:02 🧠 *The psychology of entrepreneurship and business success*
- Psychological aspects of entrepreneurship
- Strategies for success in the modern business landscape
30:03 🤝 *The importance of networking and connections in business*
- Building and leveraging professional networks for business growth
- The role of relationships in entrepreneurial success
33:04 🚀 *Transitioning from employee to entrepreneur*
- Strategies for making the leap into entrepreneurship
- Overcoming challenges and mindset shifts needed for success
36:05 💸 *Discussing financial aspects of entrepreneurship*
- The financial journey of an entrepreneur
- Managing finances and investments in business
39:33 📖 *Lessons from a business mentor*
- Impactful lessons learned from a business mentor
- Strategies and advice for aspiring entrepreneurs
43:01 🌐 *The concept of the Entrepreneurial Revolution*
- Introduction to the book 'Entrepreneurial Revolution'
- The changing landscape of entrepreneurship in the modern world
46:08 🤔 *Delving into entrepreneurial concepts and strategies*
- Further exploration of entrepreneurial tactics and philosophies
- Discussions on modern entrepreneurial strategies
49:36 🔄 *The transition from employee to entrepreneur*
- Navigating the shift from traditional employment to entrepreneurship
- Overcoming challenges and embracing new opportunities
52:47 ⚖️ *Work-life balance in entrepreneurship*
- The reality of work-life balance in the entrepreneurial journey
- Balancing personal life with business demands
01:30:11 🩺 *The Risk and Reward of Entrepreneurship*
- Entrepreneurship is a path of high risks and high rewards, unlike stable professions like doctors.
- The outcomes in entrepreneurship can vary greatly, from billionaires to those who struggle financially.
01:31:36 🎯 *Market Needs and Entrepreneurial Focus*
- Success in business depends on aligning with market needs, not personal desires.
- Entrepreneurs should focus on serving the market, creating scalable solutions and jobs.
01:34:06 🧭 *Navigating Entrepreneurial Decisions*
- The importance of receiving clear market signals before leaving a stable career.
- Balancing personal needs with entrepreneurial risks and market demands.
01:34:49 🌱 *The Concept of Minimum Viable Product (MVP)*
- MVPs like events or scorecards help in validating business ideas with minimal investment.
- MVPs are crucial for understanding market interest and viability of a business idea.
01:37:07 📈 *Understanding and Implementing Product-Market Fit*
- Adjusting products to meet market needs is key for successful entrepreneurship.
- The importance of aligning your product or service with what the market truly wants.
01:39:58 🚀 *Launching and Scaling a Business*
- Discussing strategies for launching and scaling a business effectively.
- Emphasizing the need for market feedback and adaptation in business growth.
01:47:32 🎯 *The Transition from MVP to Go-to-Market Strategy*
- Strategies for moving from MVP to a full-fledged go-to-market approach.
- The importance of lead generation and sales in scaling a business.
01:52:07 🌍 *The Role of Assets in Entrepreneurship*
- Understanding the value of creating assets in a business for long-term success.
- The significance of intellectual property, media, and technology as business assets.
01:57:01 🌟 *The Personal Journey of a Successful Entrepreneur*
- Insights into the personal life and work-life balance of a successful entrepreneur.
- The evolving priorities and experiences of an entrepreneur over different life stages.
Made with HARPA AI
Mo😊
Dosent really make sense
It's the first time I see Ali asking questions to grow his own business😂, it really shows you how tremendous guy is his guest.
This is up there as one of the best interviews on entry business growth. This information is so detailed and comprehensive! Thank you!
Absolutely fantastic experience here; thank you both so much for your love of humanity ❤
Excellent podcast! Just what I needed to hear! I’m an aspiring entrepreneur!
listening to the podcast 2 legends talking about millions, while delivering doordash orders of about 10 dollars😢
😢
You've taken the first step. Your time is coming.
I absolutely love the key person of influence book. I read the electronic version then I got a copy!! Wish they had all of them on kindle unlimited I want to read before I buy lol
Thank you for this information on entrepreneurship. Daniel Priestley is authentically wise.
Beyond gold!
OMG, this was brilliant! I was struggling with the thought to go all in on a business idea and risking my full-time job. I knew about lead generation, but just thought its for selling a finished product. How smart is it though to proof your concept and then the mvp with it?! 🤩
Forever grateful for people like you sharing their insights and knowledge. Keep inspiring!
It was great. Thanks
Incredible Daniel is the real deal. Super impressed!!
This episode is so good. Wish I found this sooner
What a great episode, thank you for this content 🙏🏽
Just a important quote (at least I think so ha) --- "The school system teaches us to be component labour... most people end up as a component in a larger system. When we freelance we are selling ourselves as component labour to someone who has a bigger outcome in mind but we are just doing that adhoc. The trick about being an entrepeneur is to seperate from the mindset of being component labour and be outcome focused ; what is the customer trying to get done, why are they buying this, what is the outcome for them, radical empathy with the customer"
"The better option is to have expertise so that you know how to organise other people's labour. You want to as quick as possible avoid being a component in someone else' system and... be someone who stands for an outcome and someone who stands as expert in either talking about that outcome, selling that outcome, overseeing that outcome, putting together teams that know about that outcome etc."
2am here, couldn’t stop listening! Amazing !
This was a great interview. Thank you Ali and Daniel.
2:14:00 start here ...the Endgame ... Have Fun! ...
this moment is your life ... thats all that you have ... so design it to be enjoying this moment, every moment ...
yes, enjoy learning to how to provide for oneself ...
get skillful at it ... its a game, make it Fun ...
find what is Play to You, Work to Others (naval ravikant)
that's your Unfair Advantage (hasan kubba)
2:22:00 ... Joy is on that 2nd Mountain ... but notice that there was a 1st mountain haha
.
Very insightful ! In regards to building a product how might this advise be taken for aspiring authors ? How does it translate to writing a successful book ?
00:28 his first book was key person of influence. Anyways looking forward to this podcast!
I love this 🎉🎉
I've literally just bought all his books. To get leads though, don't you need an audience. Without an audience, there are no leads.
thanks for Multi-Million Dollar Entrepreneurship encouragement
One word- Insightful. Fav episode
Outstanding tips! I bought. a few of his books as a result. Thank you!
Hi Ali, I watched this video a while ago and thought it was great... I'd never heard of you or Daniel before but this video was so accessable and open that it really impressed me. I've watched a few of your other videos and love your style. I just watched Daniel's 60 minute masterclass to get more clients and he mentioned commenting on your video here to let you know I really enjoyed his masterclass and to thankyou for nudging him in to it 😉👍🏻
Keep up the great work, I'm becoming a big fan and am going to try and use the information in your videos to help grow my Fire Safety business... God knows I need all the help I can get lol.
Where is the link to his masterclass?
@@HerzogsandMore On RUclips.
One of the greatest podcasts of all time.
I think you do great work! :) - Some Canadian!
Great stuff
love this interview big thanks 🙏🏼
Love The Second Mountain! And this incredible content. Totally changed how a feel about building a business. Many barriers that felt scary feel so surmountable. Thanks to you both!
Thanks for this video, I love it!💕
What a genius Daniel is!
Hi everyone, I'm a business owner. I've been looking for some guidance on how to invest my money wisely and plan for my retirement.
@@caseymuller3480 I'm also a professional. I'm interested in learning more about *Robin Brezik* . What do she do exactly?
@@caseymuller3480 I'm also a professional. I'm interested in learning more about *Robin Brezik* . What do she do exactly?
@@caseymuller3480 That sounds impressive. How do you know she is trustworthy and qualified?
@@caseymuller3480 Thank you for sharing your experience with me. I think I will give check her out and see what she can do.
Waw🎉 thats was one of the most amazing podcast i have ever listen too.
I feel dazed
So much value in this episode!!
Abdal... have been following u for a whilr..but this was awesome - Thank u 💖
Holy shit! Mindblowing episode
Thank you so much for this interview Ali! I have paid thousands of dollars on coaching courses on starting a business, and this podcast just taught me more and better than literally anything else I've ever seen. This guy is amazing, and his heart is so ethical and right minded. Excuse me while I run out and buy all of his books....
This is fantastic. Start to finish. Thank you, both.
What an incredible time to listen these two humans. I learned so much from this interview and will go out now and apply stuff to better my life.
Really helpful podcast
Incredible
Hey Ali, where are the shorts for this one? I've listened to the full podcast but would appreciate snippets from it to recall the valuable points mentioned. Cheers!
Ali what’s the discount code for Skillshare? Is there one?
This is such good content. 👏🏼
This is so, sooo good!!!
Loved it! Great!
Thank you so much Ali
Daniel is really switched on. I got some good ideas watching this.
daniel priestly is the man
this is amazing podcast so far. thx
Thank you Eric!! I've been off kolonipins (16 months ) for anxiety attacks (dehabilitating) 17 yrs (15 yrs 6 MG's dailty ... 3/ 2mg kolonpins) this was my script 3 times daily am/ pm and night (noc my script read) oh and po by mouth! ......... it messed my nervous system up!!.... there needs to be more success stories! And great men like you!!.... Where there leaders!! Thank you so much!!... and god bless you!!
watched this at 1.5x speed and still couldn't devour all of that information fast enough - D-Lish. Thank you 💕
Hi Ali! Love your work and content! You never stop to amaze me❤❤❤
Great podcast! Bravo 👏 I also bought Daniels Book 📕 thank you so much
I loved this episode - but Ali I felt like you got so much personal information for your business you should have paid your guest for a consult!
This just gave me the push to log in to my email marketing 🙃
so many gems in here!
Mimi you would be a good interior designer bc your attention to detail is on point.
These men who have the luxury to spend 11 - 15 hours working a day literally would NOT be able to build these big companies if there wasn’t someone else picking up their slack and taking care of all the rest of their needs for them. They don’t have to buy the groceries, plan and cook their meals, do their laundry, clean their house, run the errands, take the car in for maintenance, nurture the relationships with the friends and relatives, etc. And that’s even if there are no children involved.
As a single person, I would be so incredibly grateful to have someone doing all that for me so I could get to just work on my business all day long. What a fantastic deal to get to play while some else does all the chores and other stuff so you don’t have to! The people who impress me are the ones who succeed in building their business while also running a home and maintaining their other relationships. THAT’S an amazing feat!
I'm grateful we live in a day and age such information is free .. my god ..
Holy shit, this is incredible info.
I recently sold a house in Portland, and I'm considering using the money to buy stocks. I know that the market is mature enough, but is it a good time to buy stocks? When will I fully recover? I'm honestly simply perplexed right now about how other folks in the same market are making over $200k in gains in a matter of months.
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge
Absolutely true. I started investing before the pandemic and made about $950k in profit that year, despite having no prior experience with investment. Actually, all I was doing was seeking expert counsel.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
There are a lot of independent advisors you might look into. But i work with Emily Lois Parker and we have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
You could research any number of independent advisors available. However, I have been working with Emily Lois Parker for about four years, and we have a great working relationship. If she meets your standards for discretion, you can move forward with her. I support her.
Daniel Priestley is da bomb
1:12:00 Someone has to approve it. Insightful.
Amazing video... if only the comments section isnt full of bots and frauds...
Enjoyed the content!!! Stayed up the whole time 🥱🥱😴
just an observation: such a nice setup- the bottle placed on the table just blurs and masks the mic holder stand for both Ali and Daniel's mics..
This guy LOVES “fancy cars, nightclubs, restaurants, and flying around!” Great chat!
Some great lessons in this
I’m learning so much in this series. Thanks for doing this
Absolutely fantastic experience here; thank you both so much for your love of humanity ❤️
such a good one. watched this twice
Thank you.
Thank you.
probably one of the best interviews out there on entrepreneurship .
This is THE BEST Deep Dive episode!!
U R 100% right🙂
I was 20 minutes in part 2 and you kept referencing how good this one was. BOY IS IT. Big up you Dan (and you a little Ali haha)
The fact that I can relate to the start up bit is really what is motivating me right now. Genuinely would have paid for this information, great podcast!
Great interview Ali it was great
Really good episode
This legit might be the best entrepreneur interviews I have ever heard
Okay.. Daniel advises a couple of times to join an existing business/company when first starting out. How would this be practiable for someone starting out doing this as a side hustle? Say alongside the responsibilities of attending university?
This interview is fire
Really good!!!
WOW.. gold
Don't just be a component of labour with your way into organising the process. Really interesting and useful,
amazing thoughts and strategies to launch a new carreer wow!!!
Facts bro. I'm DCAing into Hex 4 sho
That's awesome,
Thanks a lot ❤
Ita an wow experience. Incredible. I got lots and lots of insights.
Thank you for inspiration and information : )
LOVE IT, Thanks guys