How Anyone Can Develop The Mindset Of A Multi-Million Dollar Entrepreneur - Daniel Priestley

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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
🎥 KZbin 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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👋🏼 GET IN TOUCH
You can also Tweet @AliAbdaal with any feedback, ideas or thoughts about the lessons you've learnt from the episodes and we can thank you personally for tuning in 🙏
PS: Some of the links in this description are affiliate links that I get a kickback from 😜

[@RosesKate-dl9fp]

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.

[@Philippayne-sk3tj]

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.

[@GrammyHanks]

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.

[@emilybrown2719]

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.

[@emilybrown2719]

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.

[@Rollersteaam]

What the fuck are up with the bots in this comments section?

[@LeviADance]

I feel like this conversation is a real life hack. No fluff. Just a meaty discussion. Appreciate it guys.

[@MarleneChism]

He is brilliant. The way he organizes his thoughts and breaks down the teaching is enlightening.

[@sharonjohns1686]

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

[@cdb5662]

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 KZbin 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!

[@JCNegri]

Every minute on this video is pure gold.

[@Leighbshorter]

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.

[@CimolOk-nz5yj]

🎯 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

[@Kitchen8byMarlon]

Mo😊

[@ValHarrisAdvisorVal]

Absolutely fantastic experience here; thank you both so much for your love of humanity ❤️

[@user-bi7ug3lv5z]

Absolutely fantastic experience here; thank you both so much for your love of humanity ❤

[@bandrep2010]

This is up there as one of the best interviews on entry business growth. This information is so detailed and comprehensive! Thank you!

[@makemoneywithjoannaleyan]

Forever grateful for people like you sharing their insights and knowledge. Keep inspiring!

[@user-hs5vp9if9i]

Excellent podcast! Just what I needed to hear! I’m an aspiring entrepreneur!

[@drdorlifeskills]

Thank you for this information on entrepreneurship. Daniel Priestley is authentically wise.

[@Sabine.L]

Beyond gold!

[@marcusstarkensjo]

Incredible Daniel is the real deal. Super impressed!!

[@aleshalange6063]

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

[@gpcharger1]

What a great episode, thank you for this content 🙏🏽

[@lamoa2001]

2am here, couldn’t stop listening! Amazing !

[@MrPelikan500]

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 .

[@vaughanmoody]

This was a great interview. Thank you Ali and Daniel.

[@nancy_w279]

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?! 🤩

[@AlanEaston]

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.

[@HerzogsandMore]

Where is the link to his masterclass?

[@AlanEaston]

@@HerzogsandMore On KZbin.

[@NnannaVictor-le2bj]

I love this 🎉🎉

[@nahidtaheri2271]

It was great. Thanks

[@soibiwarmate7597]

One word- Insightful. Fav episode

[@Sayana888]

love this interview big thanks 🙏🏼

[@healthandfitnessforall]

thanks for Multi-Million Dollar Entrepreneurship encouragement

[@ABoyCalledRic]

00:28 his first book was key person of influence. Anyways looking forward to this podcast!

[@em-dy3hn]

Outstanding tips! I bought. a few of his books as a result. Thank you!

[@LaurySnow]

I think you do great work! :) - Some Canadian!

[@thewarthens]

Incredible

[@rafdam]

What a genius Daniel is!

[@saranabz4978]

Abdal... have been following u for a whilr..but this was awesome - Thank u 💖

[@lucaswestin1066]

Great stuff

[@tarakchokrabarty4314]

Watching a diverse array of data and information in one place is an excellent concept. It offers a comprehensive view and enhances understanding.

[@AmarteSano]

Thanks for this video, I love it!💕

[@hisyamizzuddin797]

this is amazing podcast so far. thx

[@yoleamos7075]

Thank you so much Ali

[@ShellyNoelly]

watched this at 1.5x speed and still couldn't devour all of that information fast enough - D-Lish. Thank you 💕

[@jamie_gelaskins]

This is fantastic. Start to finish. Thank you, both.

[@dianafarhat9479]

This is THE BEST Deep Dive episode!!

[@RiBajra]

U R 100% right🙂

[@GDScriptDude]

Daniel is really switched on. I got some good ideas watching this.

[@kristyboxx]

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.

[@sindre5988]

Holy shit! Mindblowing episode

[@dunniadebiyi5850]

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 ?

[@Faisal-Waseem]

Really helpful podcast

[@theroadtoamillion]

Great podcast! Bravo 👏 I also bought Daniels Book 📕 thank you so much

[@TripperTheDon]

Enjoyed the content!!! Stayed up the whole time 🥱🥱😴

[@Kirollus]

such a good one. watched this twice

[@DanielPriestley]

Thank you. Thank you.

[@SuperSeghier]

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.

[@euniceannecapili654]

This is so, sooo good!!!

[@anngelinakoenig-fales4153]

Incredible insight THANK YOU!

[@cnvengg-cibi]

I'm grateful we live in a day and age such information is free .. my god ..

[@kennydow1339]

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!!

[@rochcorpuz25]

This is such good content. 👏🏼

[@tinomutasa5371]

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)

[@patrickvaccalluzzo]

Loved it! Great!

[@factorism100]

Mimi you would be a good interior designer bc your attention to detail is on point.

[@christianshaw3544]

This interview is fire

[@abircocci8157]

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.

[@amyblaine1304]

@@caseymuller3480 I'm also a professional. I'm interested in learning more about *Robin Brezik* . What do she do exactly?

[@amyblaine1304]

@@caseymuller3480 I'm also a professional. I'm interested in learning more about *Robin Brezik* . What do she do exactly?

[@amyblaine1304]

@@caseymuller3480 That sounds impressive. How do you know she is trustworthy and qualified?

[@amyblaine1304]

@@caseymuller3480 Thank you for sharing your experience with me. I think I will give check her out and see what she can do.

[@pradippun5801]

Great interview Ali it was great

[@taras.4823]

This guy LOVES “fancy cars, nightclubs, restaurants, and flying around!” Great chat!

[@mohdfarizabdulrafar9292]

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!

[@wanifeels5991]

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.

[@stephmeldrich6765]

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

[@collinsnorman473]

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.

[@taylorgreen5908]

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?

[@collinsnorman473]

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

[@collinsnorman473]

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.

[@0rion]

Ali what’s the discount code for Skillshare? Is there one?

[@user-yz3if9dn9z]

Some great lessons in this

[@unclezizo]

Amazing interview 👏

[@texturedtech5217]

This just gave me the push to log in to my email marketing 🙃

[@dovber]

Daniel Priestley is a hero

[@DanielPriestley]

Made my day

[@jeremyakut7060]

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!

[@mikeyshah]

Daniel Priestley is da bomb

[@Muhluri]

so many gems in here!

[@henrylauer5402]

This legit might be the best entrepreneur interviews I have ever heard

[@themortalriver565]

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....

[@KrisNativeThai]

LOVE IT, Thanks guys

[@VagabondWay]

I love one of the first things I noticed was a GLASS water bottle. Awesome.

[@MichaelHenkel562]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Michelle Stewart

[@RobertJenkins835]

Wow.. amazing to see others who trade with Mrs Michelle Stewart, i'm currently on my 5th trade with her and my portfolio has grown tremendously.

[@KimberlyPham252]

I invest with Mrs Michelle Stewart too, she charges a 20%commission on profit made after every trading session which is fair compare to the effort she put in to make huge profits.

[@LynnAnderson497]

As a first time investor I started trading with her, with just a thousand bucks. my portfolio is worth much more that now within just weeks of trading with her.

[@PatrickVelazco]

With the consistent weekly pro-fits I'm getting investing with Mrs Michelle Stewart there's no doubt she is the most reliable in the market. such a genius.

[@MichaelHenkel562]

she often interacts on her Telegrams, using the user name written below

[@moonshotmax3841]

Facts bro. I'm DCAing into Hex 4 sho

[@rauf_nasir]

That's awesome, Thanks a lot ❤

[@englishclouds05]

amazing thoughts and strategies to launch a new carreer wow!!!

[@riharrds]

Thank you for inspiration and information : )

[@Change_is_permanent]

Great episode 🎉

[@plabita7686]

Ita an wow experience. Incredible. I got lots and lots of insights.

[@outstandingvegan]

Really good episode

[@bloom0099]

Amazing video... if only the comments section isnt full of bots and frauds...

[@josemariauy]

Thank You!

[@Eng_Aldo-tp2hy]

Thanks, great video!!

[@user-qc6wd2ty9h]

your trading tactic works well, thank you for showing it

[@user-dy1so6zg9e]

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..

[@samukelisiwenkabini7656]

❤third time I am listening to this podcast, its mind blowing.

[@ELMcenter]

WOW.. gold

[@jordytimothy9762]

the paintings at the back ❤

[@DavidGerrish]

Awesome episode thanks guys - inspiring

[@homer2384]

Thanks so much mann

[@jpabadir]

Holy shit, this is incredible info.

[@TokyoPaul]

This is genius!

[@ghadahalthubaiti8876]

Thank you Thank you for this valuable information 👏🏼👏🏼👏🏼👏🏼👏🏼

[@arezcoolarez]

so much insight for free!

[@englishcon29]

Wow...great information.