📚 Check Out My New York Times Bestselling Book Feel-Good Productivity! 👉 go.feelgoodproductivity.com/podcast 🎬 If you want to start or grow your TH-cam channel to help with your brand or business, check out the Part-Time TH-camr Academy here 👉 go.aliabdaal.com/ptya_priestley
Hi Ali, thank you for the great episode! I see there is some weird stuff going on in the comments. Most of them are somehow related to investing or stock market, although the video is not about those topics. Seems like a bunch of bots or fake accounts. Do you understand what's going on?
Massive thanks to Ali and Daniel for the incredible podcast! I've been following Ali's channel for a while now and Ali, your content is gold! I have also read Daniel’s book, "Oversubscribed" twice! Certainly, a must-read! I'm on the lookout for only 2 or 3 driven individuals (ideally based in London) who are serious, committed, and ready to form an accountable mastermind group and take massive action towards the goal of earning $10k a month by October 2024 and $1m a month by December 2026. I'm looking for individuals who are ready to apply the principles outlined in this podcast and willing to put in the work to make it happen. You don’t need to have a business idea or any business experience. But you have a massive unshakeable desire to take action to change your financial story in a short space of time. Not that it makes any difference, I trained as a medical doctor and I am female. Together, we'll hold each other accountable, share valuable insights and resources, and support one another on our respective journeys to financial freedom and abundance. I envision a group of dedicated individuals who are ready to level up, move from consuming knowledge to taking action and make their dreams a reality within the next 6 months. If you're someone who resonates with this vision, and ready to take your life and income to the next level, I invite you to join me on this exciting journey. Click on the WhatsApp link below to express your interest and let's embark on this transformative adventure together. WhatsApp group: chat.whatsapp.com/B5Vvl5QOyRK6XDCUVZ01gM Once this mastermind is complete with 3-4 members, I will close the invite. Here's to taking bold action, chasing our dreams, and creating a life of abundance and fulfillment. I can't wait to connect with you all and make magic happen! Ali/Daniel, I will certainly keep you posted on our progress, so you see the amazing ripple effects of your work in our lives and in humanity! Best regards, Kemi
Sometimes Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin ,While also continuously learning from mistakes and improving
Many overlook that banks are return-driven businesses. I don't trust keeping a large sum in a bank. Instead, I invest with guidance, enjoy the benefits, and save for retirement.
After the '08 financial crisis, I've learned not to trust corporations. Since 2020, I've been investing with a financial advisor and have had no major losses, so I'm not going back to relying solely on banks.
@@hasede-lg9hj Market behaviour can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?
The decision on when to pick an Adviser is a very personal one. I take guidance from Annette Marie Holt to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
🎯 Key Takeaways for quick navigation: 00:00 🎯 Daniel Priestley discusses his background and how he built multiple companies without having specific skills, emphasizing his role as an "organizing force." 00:28 💡 The episode covers the entrepreneur journey from 0 to 10K, then 10K to 100K, and finally 100K to a million dollars a month. 00:43 🛠️ Frameworks will be discussed to help people at different stages of their business careers, including the four different types of products. 01:11 🌟 As a key person of influence, you should focus on what only you can do, rather than running your business. 02:21 🌍 Discusses the changinglandscape of work and how people are increasingly dissatisfied, making entrepreneurship an appealing option. 03:30 🏗️ Entrepreneurship is likened to building Lego, following specific steps to reach the end goal, demystifying the perceived risk. 04:56 ❗ Distinguishes between trading and entrepreneurship, noting that trading is a zero-sum game, whereas entrepreneurship allows for value addition. 06:31 🎲 Talks about de-risking entrepreneurship by going through a process of discovery to find unmet needs in the market. 07:54 🎓 Critiques the education system for preparing people for a world that no longer exists, making them ill-suited for entrepreneurship. 10:24 💰 Defines entrepreneurship as a pursuit of commercial success, involving risk and organizing resources beyond your control. 12:58 🤔 Challenges the idea of being a 'solopreneur,' emphasizing the limitations of not having a team to scale the business. 15:18 📝 Introduces the 'CHAOS' framework for aspiring entrepreneurs: Concept, Audience, Offer, Sales. 19:19 🧠 Entrepreneurs often seek to recapture early moments of empowerment from their youth. 19:47 💻 Coding and creating websites were cited as a specific empowering moment. 20:44 🦸♂️ Origin stories can be positive or negative but are foundational for entrepreneurs. 21:38 💼 The concept of "business" became empowering during a garage sale experience. 23:03 💲 Successful entrepreneurs aren't solely motivated by money; it runs deeper. 23:47 ⚠️ Entrepreneurship is not for everyone and can be stressful. 24:45 🛠️ Gain experience by working in a small business first. 30:22 🎯 Discusses the difference between a business "vision" and "mission." 31:19 🎓 Students are not an ideal market because they prefer to throw time at problems rather than money. 32:00 💡 Test business ideas quickly and cheaply; an idea can start as a page of notes. 33:51 📈 A good product should offer a clear 10-to-1 return on investment. 37:50 🚫 Food-related businesses can be capital-intensive and hard to scale. 38:43 🛑 Daniel Priestley advises against launching a productivity app without significant capital due to the "J curve" in finances. 39:10 📊 Validate your business idea with low-cost methods, like hosting a Zoom event or setting up a scorecard for potential customers. 40:34 📣 Use various platforms like Instagram and LinkedIn for customer outreach and validation. 40:48 📉 Explains the "J curve" in business, describing how some businesses lose money before they start to make money. 44:05 💼 Differentiates between sales businesses and volume businesses, suggesting the former are better for beginners. 45:31 🚨 Warns against low-ticket, high-volume businesses that require a large team and significant scale to be profitable. 50:13 💰 Focuses on the wealth distribution, advising businesses to target high-income individuals for better ROI. 54:31 🎯 Emphasizes the need for a business model that can generate at least $10,000 per month, ideally through high-ticket sales. 56:37 ❌ Highlights the importance of ruling out business ideas that don't meet stringent criteria for scalability and profitability. 57:19 🤝 Recommends presenting your offer in person to gauge customer reactions better and improve your product. 57:48 📱 Tech entrepreneurs should be hands-on with potential clients to understand their needs and preferences. 58:29 🚫 Online interactions may not provide sufficient customer insights; face-to-face meetings are essential. 58:57 📊 Conduct at least 30 sales meetings to gather statistically significant data on customer reactions. 01:00:08 ⚒️ Refining your product is an iterative process, like a blacksmith sharpening metal. 01:00:33 📝 Take detailed notes after each customer meeting to understand likes, dislikes, and potential areas for improvement. 01:01:28 🤝 Entrepreneurship is about organizing forces; you don't have to be the expert in the service you're selling. 01:03:19 🎯 The entrepreneur's role is to be the organizing force, not necessarily the one doing the work. 01:04:56 🛒 Sales should not be viewed as a "dirty word"; it's a valuable skill involving listening and understanding. 01:09:55 📈 Use the LAPS (Leads, Appointments, Presentations, Sales) model for a systematic approach to sales. 01:15:35 💡 Capitalism is fundamentally about mutually beneficial transactions; both parties should feel they're getting a good deal. 01:16:47 🎯 Focusing on the right target audience is crucial for sales, and worrying about this shows you're a responsible player in the market. 01:17:15 👥 At 10K a month, your team is likely 2-4 people, including roles like sales, customer service, and administration. 01:18:25 🧩 When hiring, look for "Rebels and misfits" who don't fit the usual molds but have good attitudes or unique talents. 01:20:20 💬 Team chemistry, even in remote settings, is vital for communication and motivation. 01:22:58 🌟 To scale from 10K to 100K a month, become a "key person of influence" and expand your reach through multiple channels. 01:24:50 👥 Personal brands drive businesses; examples include Steve Jobs for Apple and Bill Gates for Microsoft. 01:27:09 📚 Publishing content like books can help establish you as an authority and drive business growth. 01:28:20 📦 Diversifying your product range is crucial, including gifts, core offerings, and subscriptions. 01:31:35 💰 When scaling, recurring revenue stacks up quickly, especially when targeting high-paying clients like doctors. 01:35:06 🏢 Businesses can have multiple revenue streams; the key person of influence is the centerpiece that attracts customers to these streams. 01:37:10 🎯 Importance of targeting your audience by going to their specific conferences instead of industry-related events. 01:38:06 🏈 The 'Quarterback' model: The key person of influence throws opportunities to the team, helping the business to thrive. 01:39:00 ☕ Running a business doesn't require a high-profile manager; even young people manage multi-million dollar businesses like Starbucks. 01:40:10 🕒 Once you reach a certain revenue, you should focus on higher-impact tasks and delegate day-to-day operations. 01:41:06 📊 Importance of having a dashboard for monitoring key business metrics. 01:43:12 📚 Your high-value tasks as a key person of influence are content creation, like writing a book or doing a podcast. 01:45:04 📈 Owning multiple businesses can be less stressful than owning just one. 01:49:11 👥 Team dynamics change around the 13th employee, leading to a need for sub-teams and more complex management. 01:51:09 🏜️ "Crossing the desert": The phase where a business is too big to be small but too small to be big, requiring crucial decision-making. 01:56:01 🛠️ Modern assets for productivity are typically digital, such as intellectual property, media, or software. 01:57:09 💼 The assets of a business, such as media, intellectual property, and software, contribute significantly to productivity. 01:58:17 📚 Intellectual property can manifest as methods, recipes, or data, and is crucial for scaling. 01:59:43 🤖 A scalable business model requires fewer people as it grows, focusing instead on leveraging assets like software. 02:01:04 🤝 Partnerships can offer a scalable way to grow, especially when combined with intellectual property and media. 02:03:18 📈 Companies can scale by having teams of teams focused on different functions, products, or markets. 02:06:04 ⚖️ Some businesses scale easily while costs remain low, unlike industries like childcare where costs scale with the business. 02:08:12 💡 A ventures model, involving partnerships and equity, can offer significant upside while still maintaining a lean team. 02:12:36 🤑 In finance, scaling is easier and can involve large sums with comparatively small teams. 02:14:15 📊 Companies often sell for multiples of their profit or revenue, providing a fast route to significant gains. 02:16:51 🎯 Being a key person of influence in a business ecosystem can pave the way for other roles and opportunities. 02:17:18 🚀 Entrepreneurship is not an easy path but the payoff can be huge, potentially earning in one deal what many earn in a lifetime. 02:17:58 😓 The downside of entrepreneurship includes stress and complexity. 02:18:11 🥕 Entrepreneurial life is motivated by "bigger carrots and bigger sticks," meaning both the rewards and the risks are greater. 02:18:53 💡 The speaker is driven by the potential and the camaraderie of his current software business. 02:20:13 💲 Entrepreneurship isn't just about the money; it's about the game and the identity associated with it. 02:21:37 📈 Business success is a scoreboard for validation; it's crushing when someone cancels a subscription. 02:23:15 ⚖ Life is a series of trade-offs, especially when balancing freedom and family commitments. 02:24:38 🏠 Life moves in chapters, and clinging to a past chapter can lead to unhappiness. Made with HARPA AI
I’m avoiding trending entrepreneurship podcasts because I’m simply exhausted from the same rhetoric but this was so refreshing. Real masterclass and I listened to the full 2.5 hours. Daniel is a great speaker and breaks it down in a relatable way. Thanks 💛
CAOS, OMV, J curve, Sales vs Volume businesses, to name a few of the many GEMS in this video 🤯🤯🤯. It's INSANE that this video is free. Wow. This video is a money printer and incredibly grateful it exist. So timely ❤
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.
@@maryHenokNftbravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
*Gertrude Margaret Quinto* is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
ali always asks the most relevant and best counter questions the moment something comes up in my mind he asks that question within the next minute i love this
So, the more I watch from Daniel Priestly the more I like this guy. What a phenomenal communicator. He makes me believe that we can actually do this AND it doesn’t need to be complicated.
There's absolutely no way in this world anyone can tell me there's a better, more valuable way to have spent 2:28:36 of my day today. If there's is, post it here. Thank you gentlemen for sharing so much value and giving it for free. May it come back to you a hundred fold.
So much knowledge! Absolutely free! I was never taught anything about money, I am praying and working to change that. I am 46 no retirement no savings because I made a lot of mistakes when I started investing, trying to correct that now. Already have a few thousand$ saved up to invest for long term. I would like to know what advice you could give to start my investing journey. Listening to you gives me inspiration and wisdom. Thank you so much!
Just buy low sell high. Stick with a good company by either not selling when it’s going lower and/or buying more at that time. Almost always the good well managed companies will come back strong at some point. The other is to get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
Well, I recommend you make a diversification plan because it's been harder to build a good financial portfolio since COVID. My colleague suggested I hire an advisor. I did and I've actually made over $926K with my advisor's help during this market crash. She uses defensive strategies to protect my portfolio and make profits despite the ups and downs.
46 is very late to start. 2 options : invest with high risk but high reward, 10-25% usually in small business. but with a high 50% chance to lose everything or 2) invest safe with a solid index. it always outperform market. I think its 6-7 % returns. if you have 10,000 and invest 1000 per month for 20 years, you should have 495K % 6% return rate.
Daniel Priestley is hands down one of the most outstanding speakers I've ever heard. His wisdom, his spur of the moment answers and the way the explains with analogies are incredible! Amazing interview!
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
Making touch with financial advisors like Maria Williams who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
She trades for me too. My first investment with Maria Williams gave me profit over $25,700 and ever since then I trade with her and it has been a good turn up
Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires
As a beginner investor, it's essential for you to have a mentor to keep you accountable. Gillian Sara sheeran is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Same here all thanks to Gillian Sara sheeran, she has always been there to guide me through with detailed analysis and recommendations that I wouldn't have access to otherwise.
I really like the doctor analogy for being an entrepreneur!! I had never made the connection that what I do as a financial coach is exactly like visiting a doctor's office: talk to them, assess the problem, and offer the treatment! I'll have to use that as an analogy for my clients. Thanks for this video gentlemen! 😊
I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.
The first step to wealth creation, is figuring out your goals and risk tolerance - either on your own or with the help of a financial advisor. If you can get the facts about savings and investing with a well detailed plan, you should be able to gain financial security over the years and enjoy the benefits of managing your income.
That is why I work with John Desmond Heppolette, who introduced me to a better financial community, a validated organization where I learned how investing works and how to invest proficiently, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made..
Working with a financial advisor who has worked in a solid financial firm for a long time, such as John Desmond Heppolette, will actually set you up for success in life. I'm delighted I was able to reach out to him earlier this year because while others were grumbling about the downturn in the markets due to the state of the economy, I was busy learning from him and eventually made over seven figures in the first quarter alone, which is why it's always good to join the right community..
Your financial advisor really seem to know this stuff. I found his online-page when I made a google search of his full names online, read through his resume, educational background and qualifications, it was really impressive. I left him a note and booked a call session with him..
Yeah for real, John Desmond Heppolette, is one asset manager that gives the breakdown of everything on how things are done, joining an effective financial community can be 100% beneficial when joined properly that's all I can say out of experience..
This is the first time I’ve “met” Daniel Priestly, and he is awesome! Really enjoyed this podcast episode and got a lot of really valuable information. Thank you both 😊
Massive thanks to Ali and Daniel for the incredible podcast! I've been following Ali's channel for a while now and Ali, your content is gold! I have also read Daniel’s book, "Oversubscribed" twice! Certainly, a must-read! I'm on the lookout for only 2 or 3 driven individuals (ideally based in London) who are serious, committed, and ready to form an accountable mastermind group and take massive action towards the goal of earning $10k a month by October 2024 and $1m a month by December 2026. I'm looking for individuals who are ready to apply the principles outlined in this podcast and willing to put in the work to make it happen. You don’t need to have a business idea or any business experience. But you have a massive unshakeable desire to take action to change your financial story in a short space of time. Not that it makes any difference, I trained as a medical doctor and I am female. Together, we'll hold each other accountable, share valuable insights and resources, and support one another on our respective journeys to financial freedom and abundance. I envision a group of dedicated individuals who are ready to level up, move from consuming knowledge to taking action and make their dreams a reality within the next 6 months. If you're someone who resonates with this vision, and ready to take your life and income to the next level, I invite you to join me on this exciting journey. Click on the WhatsApp link below to express your interest and let's embark on this transformative adventure together. WhatsApp group: chat.whatsapp.com/B5Vvl5QOyRK6XDCUVZ01gM Once this mastermind is complete with 3-4 members, I will close the invite. Here's to taking bold action, chasing our dreams, and creating a life of abundance and fulfillment. I can't wait to connect with you all and make magic happen! Ali/Daniel, I will certainly keep you posted on our progress, so you see the amazing ripple effects of your work in our lives and in humanity! Best regards, Kemi
The "10-13 theory" about entrepreneurs having that "empowering moment" applies to me. Haha, damn! I learned to play the guitar at age 11, loved it so much... got a band together and played at the school's talent show. It went soooo well! Next day of class, I was like a "school celebrity" - even kids in higher grades wanted to hang out with me. I have been playing music since, my dad supported eventually... my mom always disapproved haha. Goes without saying I am an entrepreneur right now... just felt like sharing. It's crazy how these episodes of Ali help me understand myself even more.
Prior to watching this video, I was not following Ali and I didn't know who Daniel Priestley was. I would NEVER watch such a long podcast/video (2.30h!!), not even from someone I already follow. YET, this was the most enlightening, value-adding, thought-provoking and easy-to-follow video I've ever watched. Thank you both, Ali and Daniel. And I thought that the Hormozis, Bartlett and Mel Robbins were the top ones.
I have been an entrepreneur for last 5 years build 3 companies and still after watching this video, i am leaning so so much. Its like i know nothing. But most importantly my passion for entrepreneurship is returning after watching this video. Thank you for this awesome content. 🙏
So much knowledge! Absolutely free! All of this is not taught in school or university! I was never taught anything about money, I am praying and working to change that. I am 46 no retirement no savings because I made a lot of mistakes when I started investing that I am trying to correct now. Listening to you gives me inspiration and wisdom. Thank you so much, Ali and Daniel! It's mind-blowing!
Can relate. As a beginner, I took a more practical step to learn to invest, I began through the guidance of a financiał consułtant and within 2 years, I have owned 2 companies in the United states and car dealership all with the an ínvestment capital of $400,000 so it is best to invest with the help of an expert
@tommymyershoffman I might have seen that name 'Heather Lee Larioni' somewhere in reviews or so, can't really recall. But I'll be following her up. Thank you for saving me hours of researching.
Look man this is a scam. Everything he’s saying is bullshit with some facts mixed in. You can’t just start a million dollar business because you feel like it (unless you had a million dollars or something worth at least a million dollars already)
Daniel Priestley is the most insightful person I've ever come across on the internet. Everything he says is actionable. I literally build my email marketing agency business in the biotech and healthcare space thanks to watching his videos. Now I'm on the path of making $20K/month. Btw. I'm from a third world country so $20K a month is more than the president's monthly salary.
🎯 Key Takeaways for quick navigation: 00:28 🚀 *Entrepreneur Daniel Priestley discusses stages from 0 to 10K, 10K to 100K, and 100K to $1M per month, offering frameworks adaptable to various business career stages.* 01:11 🍻 *Entrepreneurs should focus on their unique skills rather than running every aspect of their business; delegation and specialization are crucial.* 03:18 🗺️ *An outline of the entrepreneurial journey from 0 to 10K, 10K to 100K, and 100K to $1M per month, aiming to provide a roadmap for aspiring entrepreneurs.* 04:28 🎯 *Entrepreneurship isn't unpredictable chaos; it involves following a series of steps akin to assembling Lego bricks from a messy pile into a defined picture on the box.* 05:50 📊 *Entrepreneurship differs significantly from trading; in entrepreneurship, you create value, address unmet needs, and navigate a market landscape with existing solutions.* 07:54 🏫 *Traditional education models prepared individuals for specific roles in localized economies, unlike today's global, specialized, and geographically diverse business opportunities.* 09:58 🚀 *Entrepreneurship combines commercial success, risk-taking, and organizing resources beyond personal control, distinct from seeking employment based on skill sets.* 12:32 🕴️ *A "solopreneur" model lacks scalability and operational continuity; transitioning to a team setup is crucial for business stability and growth.* 15:47 🏗️ *The "CHAOS" framework (Concept, Audience, Offer, Sales) provides a structured approach to entrepreneurship, starting with defining the business concept.* 16:44 🏖️ *Distinguishing between a lifestyle business (focused on fun, freedom, and flexibility) and a performance business (aiming for growth, valuation, and investors) helps shape business direction.* 18:09 🌱 *Uncovering one's origin story, connecting passions, experiences, and moments of empowerment from the past, can guide business concept development even without a clear passion or interest at present.* 20:01 💻 *Early tech endeavors and freelancing without permission can instill a sense of empowerment in entrepreneurs.* 21:38 💡 *A moment of empowerment can stem from taking initiative in business at a young age.* 22:48 💼 *The concept for a business often links back to a personal origin story or defining moment.* 23:03 💰 *Entrepreneurial success is often driven by a desire to recapture a particular feeling, not just financial gain.* 23:47 🎓 *For those unsure about entrepreneurship, working alongside entrepreneurs can provide valuable insights.* 30:08 🎯 *Defining a vision, mission, and identifying problems that people are willing to pay to solve is key in business.* 31:05 🕵️♂️ *To build a successful business, focus on solving problems for people willing to invest money, not just time.* 32:14 🔍 *Test ideas quickly and cheaply; the goal is to find ideas where there's a clear demand from the market.* 34:46 📝 *Early-stage business ideas should beconcise, about a page long, and focus on the problem and target audience.* 35:15 📱 *Testing ideas through events, quizzes, or creating WhatsApp groups helps gauge initial market interest.* 38:43 💡 *Starting a productivity app involves significant investment, likely requiring fundraising before profits.* 40:48 📉 *A "J curve" in business depicts a period of initial losses before achieving profitability, typical of volume-based businesses.* 44:05 💼 *Non-"J curve" businesses focus on B2B sales, offering specific solutions or services with defined upfront costs.* 46:28 💼 *High-ticket, low-volume service businesses offer greater scalability and income potential compared to volume-based ventures.* 47:41 🎸 *Hobby-based businesses like guitar teaching might generate income but have limitations in scalability and income potential.* 54:45 💡 *Service businesses targeting high-income clients with time-consuming needs present scalable, lucrative opportunities.* 56:23 📊 *Business ideas need a clear, feasible model to reach substantial income targets-aim for a scalable model that generates significant revenue.* 58:01 📈 *Engaging in face-to-face meetings with potential clients early on helps gauge their reactions and preferences, which are often not communicated through online interactions.* 59:26 🚀 *Daniel Priestley emphasizes the importance of hands-on customer engagement to refine product/service launches, citing his own experience in launching the Score app.* 01:00:08 💡 *Iterative refinement is crucial; Priestley advises withholding judgment until extensive one-on-one interactions yield substantial feedback.* 01:01:28 🌟 *Expanding business ideas doesn't necessarily require acquiring all skills; Priestley suggests finding credible experts or teams to execute various aspects.* 01:02:50 💼 *Entrepreneurial roles revolve around organization and coordination, not hands-on task execution; delegate tasks to experts while focusing on organization.* 01:04:42 🛠️ *Sales is a scientific skill that involves understanding client needs, making professional recommendations, and navigating a process of presenting solutions.* 01:06:47 🎯 *Sales equated to guiding someone from their current reality to their desired reality by identifying obstacles and recommending solutions.* 01:14:15 💸 *Reconsider narratives around money; capitalism facilitates transactions where both parties find value, creating a win-win scenario.* 01:32:03 🎯 *Expanding into additional markets (like Nike did with basketball, tennis) helps grow by targeting new demographics with a key person of influence.* 01:35:20 🌟 *Not every business has a key person of influence; businesses with a KPI often have more significant growth potential and multiple profitable ventures.* 01:37:10 🌐 *Focusing on being a key person of influence means engaging directly with your market rather than sticking to industry events or conferences.* 01:38:20 🏈 *As a key person of influence, you're like the quarterback throwing opportunities to your team, even if you're not directly running the businesses.* 01:40:24 🗓️ *Implementing a structure for weekly tasks and a dashboard to track progress helps manage a business; a manager oversees these daily operations.* 01:43:25 💡 *The role of the key person of influence is primarily about high-value tasks, like building connections, pitching, and creating products.* 01:50:03 📈 *Scaling beyond the 12-13 person threshold involves establishing executive roles, which typically happens around 40-50 employees.* 01:52:33 🔄 *Transitioning from a small team to a larger one often requires more structured meetings to maintain alignment and solve problems efficiently.* 01:57:22 📊 *Intellectual property, media, and software are crucial assets in modern business, often undervalued or misunderstood.* 01:57:50 📚 *Intangible assets like a bestselling book or a Michelin star can significantly boost a company's value and success.* 01:58:31 🤝 *Scaling a business without escalating customer support often involves leveraging intellectual property, media, and technology instead of adding more people.* 01:59:15 🎥 *Courses as media assets can generate vast revenue without requiring additional personnel, offering scalable income.* 02:02:29 💰 *Intellectual property, media, and technology hold greater potential for profit compared to relying solely on people for business growth.* 02:03:18 🏢 *Transitioning from 100K to 1 million a month often necessitates larger teams or specialized teams of teams across functions, territories, products, or markets.* 02:06:04 💼 *Business scalability varies; some industries have exponential costs with scale, limiting their potential for growth.* 02:07:43 🌐 *Sectors like finance, software, IP, and media have higher scalability and potential for substantial growth compared to other industries.* 02:08:39 🤝 *Building partnerships with ventures and adopting a portfolio approach to equity investments can yield greater scalability and long-term value.* 02:11:28 🔄 *Managing multiple businesses might seem complex initially, but it can be more manageable and scalable than focusing on a single enterprise.* 02:14:00 🏷️ *Building scalable businesses like software can lead to higher valuation multiples and more significant returns upon exit compared to course creation.* 02:17:58 🥕 *Entrepreneurship offers huge upsides but also brings stress, complexity, and bigger responsibilities, akin to larger carrots and sticks.* 02:20:13 💰 *Money becomes less of a motivator for entrepreneurs once they excel at the game, finding validation and value in creating products and seeing customers satisfied.* 02:21:23 🎯 *Entrepreneurship isn't solely about money but about creating value, finding validation through customers, and continuously improving products or services.* 02:24:51 👨👩👧👦 *Exploring different life chapters, from freedom to family, is akin to discovering different parts of oneself-each chapter offers unique experiences and growth opportunities.* Made with HARPA AI
I loved Daniel's response to Ali's concern about marriage and children! It was perfect! I didn't get married or have children until after I was 35 and although I miss my autonomy sometimes, I looove my little family and always remind myself that I had my single fun already and now it's time for family fun and passing on what I know! Phenomenal interview all around!
🎯 Key Takeaways for quick navigation: 00:28 🚀 *Entrepreneur Daniel Priestley shares insights on scaling from $0 to $10K, then $10K to $100K, and finally $100K to $1M per month as an entrepreneur.* 01:11 💡 *Focus on what you uniquely bring as a key person of influence, rather than getting lost in running every aspect of your business.* 02:21 💼 *The modern shift to entrepreneurship is driven by dissatisfaction with traditional work structures and a desire for more freedom, flexibility, and engagement.* 03:03 🗺️ *The episode maps out the entrepreneurial journey, emphasizing frameworks and philosophies at each stage from 0 to $10K, $10K to $100K, and $100K to $1M monthly revenue.* 06:04 🌍 *Entrepreneurship involves discovering unmet needs in a marketplace already saturated with existing solutions, making it challenging yet manageable with the right steps.* 07:54 📚 *Traditional schooling was designed for fitting into existing businesses during the Industrial Age, while modern entrepreneurship thrives in a diverse, global, and innovative digital landscape.* 11:06 💰 *Entrepreneurship combines seeking commercial success, taking calculated risks, and organizing resources beyond personal control to create something valuable.* 14:24 🤝 *Below 10 people, businesses often self-organize akin to a dinner party; beyond that, managing a larger team becomes more complex and structured.* 15:33 🌟 *Begin an entrepreneurial journey by defining the business's nature: a lifestyle business for personal freedom or a performance-driven venture for scalability and valuation.* 18:09 🌱 *Uncover personal origins to align with an entrepreneurial pursuit; even mundane experiences can hold clues to empowerment and passion, pivotal for creating an origin story.* 21:50 🤝 *Empowerment through business: Taking charge at a young age, negotiating sales, and realizing the potential to turn adversity into profit can spark an entrepreneurial journey.* 30:08 💡 *Establishing an origin story, vision, and mission are fundamental to shaping a business concept before ideation and problem-solving.* 31:47 💸 *A successful business idea solves a problem that people with resources are willing to pay to solve, not just investing time in it.* 34:46 📝 *Early-stage business ideas can be condensed into a page of notes focusing on product, target audience, and problem-solving, ready for testing.* 37:50 🍔 *Businesses like food trucks may seem appealing but often come with capital, scalability, and logistical challenges; software scalability contrasts greatly with tangible products like food.* 38:31 🚀 *When starting a business, avoid J-curve models that require heavy upfront investment before earning profits.* 39:10 🧭 *Testing business ideas can begin with low-cost efforts like hosting introductory events or creating online assessments.* 43:51 💼 *Non-J-curve businesses often involve service-based models like financial planning, coaching, or B2B solutions, yielding higher returns per sale.* 51:09 🛍️ *Expense perception varies based on the buyer's perspective, making it crucial to target high-value clients for high-priced offerings.* 53:32 🛒 *Product-based businesses often entail significant setup costs, contrasting with service-based models with lower initial investments.* 54:31 🏷️ *Shopify can support the initiation and growth of businesses, providing an all-in-one commerce platform for online ventures.* 56:52 🚫 *Focus on scalable models that have a clear path to reaching higher income thresholds rather than quick, non-scalable business ideas.* 58:29 📊 *Collect data from at least 30 sales meetings before judging your product's success.* 59:11 🧭 *Intensely interact with potential customers to understand how they respond to your product.* 01:00:08 📝 *Continuous refinement is crucial-gather extensive feedback (30 pages of notes!) after each interaction.* 01:01:28 💡 *You don't have to possess all the skills; you can sell services you don't personally perform.* 01:04:42 🛣️ *Learn the sales process: leads, appointments, presentations, and final sales.* 01:10:23 📊 *Maintain a rhythm of weekly laps-keeping track of leads, appointments, presentations, and sales.* 01:14:42 💰 *View transactions as mutually beneficial exchanges where both parties win.* 01:16:47 🚫 *Ethical selling involves selling to the right people who genuinely benefit from the product.* 01:17:15 🌟 *At the 10K/month mark, your team typically consists of 2-4 individuals. Scaling to 100K involves optimizing and possibly expanding this team.* 01:17:29 🌟 *Start with a small team of 2-4 people covering sales, customer service, admin, or fulfillment.* 01:20:49 🤝 *Team vibes matter more than remote or in-person setups for fostering excitement and chemistry.* 01:25:17 📚 *A key person of influence engages in publishing content, building a product ecosystem around their personal brand.* 01:29:01 💡 *Expanding product range involves gifts, products for prospects, core offerings, and products for clients.* 01:31:09 🔀 *Campaign for bigger markets by expanding services or targeting additional industries while retaining expertise.* 01:37:53 🏈 *A key person of influence manages a team to capitalize on opportunities, like a quarterback throwing passes for others to score.* 01:38:48 ☕ *Running a business as a key person of influence doesn't mean managing every aspect; it's about focusing on what you uniquely bring while delegating operational tasks.* 01:39:29 🍻 *Running a business doesn't always require a high-level executive; individuals experienced in managing pubs or similar venues can effectively run businesses.* 01:45:33 🌐 *Owning multiple businesses isn't as stressful; it's about maintaining trust in capable teams and focusing on opportunities rather than micromanaging.* 01:49:23 🤝 *A team of around 12 is manageable; beyond this, teams tend to fracture, requiring a more structured approach and leadership roles.* [01:58:17 TH-cam](th-cam.com/video/jOgqIbeLXkE/w-d-xo.html) *📚 Intellectual property, media, and tech assets reduce reliance on hiring more people for business scalability.* [01:59:43 TH-cam](th-cam.com/video/jOgqIbeLXkE/w-d-xo.html) *💵 A $1,000 video course (media + IP) is highly scalable, yielding significant profit without increased personnel.* [02:00:52 TH-cam](th-cam.com/video/jOgqIbeLXkE/w-d-xo.html) *🎓 Creating a network of certified coaches (with 10K+ subscribers) could alleviate the need for more personnel in higher-priced packages.* [02:02:01 TH-cam](th-cam.com/video/jOgqIbeLXkE/w-d-xo.html) *💡 Emphasizing assets like IP, media, and tech holds greater potential for profits than relying solely on expanding personnel.* [02:04:01 TH-cam](th-cam.com/video/jOgqIbeLXkE/w-d-xo.html) *🌍 Scaling involves diversification into products, territories, functions, or markets, critical in the journey from 100K to 1 million per month.* [02:06:18 TH-cam](th-cam.com/video/jOgqIbeLXkE/w-d-xo.html) *💼 Certain businesses scale with manageable costs, while others, like childcare centers, face scaling challenges due to regulatory constraints.* [02:07:27 TH-cam](th-cam.com/video/jOgqIbeLXkE/w-d-xo.html) *💰 Finance, software, IP, and media offer higher scalability compared to other business types, paving the way for quicker and more substantial growth.* [02:08:26 TH-cam](th-cam.com/video/jOgqIbeLXkE/w-d-xo.html) *🏗️ Transitioning to a ventures model with equity partnerships might offer superior scalability over focusing solely on product-based sales.* [02:10:44 TH-cam](th-cam.com/video/jOgqIbeLXkE/w-d-xo.html) *🤝 Leveraging partnerships and equity deals can significantly amplify scalability and revenue generation beyond traditional product sales.* [02:15:10 TH-cam](th-cam.com/video/jOgqIbeLXkE/w-d-xo.html) *🤔 The journey from smaller earnings to millions can follow a predictable path, but scaling involves embracing complexities and handling larger stakes.* 02:18:53 🎮 *Being an entrepreneur often feels like playinga continuous game, always problem-solving and exploring new opportunities.* 02:20:13 💰 *The concept of "having enough money" shifts for entrepreneurs-it becomes more about the game, the challenge, and creating value than just wealth accumulation.* 02:21:37 🏆 *The validation for entrepreneurs isn't solely financial; it's about seeing the value in what they create and the impact it has on others.* 02:23:01 👪 *Balancing freedom and commitment is a common struggle for individuals contemplating marriage and children-it's a trade-off that many face.* 02:24:23 🧬 *Humans are biologically wired for survival and reproduction, and the desire for children taps into a deeply ingrained fulfillment, regardless of spiritual or atheistic beliefs.* 02:26:01 📚 *Life unfolds in chapters, and embracing each stage without clinging to the past is essential for fulfillment and growth.* Made with HARPA AI
"Go work for a team of 8, learn from them" This is so TRUE because I'm currently lucky enough to be doing this with one of the best shops in the industry. Being able to watch and learn from a small, well put together crew beats any corporate job any day of the week.
Thank you both for this incredible informative Podcast. Very Inspiring. 🙏 I am am jung person, trying to establish myself in the entreprenerial world. In the near future I hope to conect with Mr. Priestley and Ali 😀
I am literally pulling all-nighters reading 48 laws of power , and Jordan Peterson about how to write and speak , and watched this full video in-depth searching and reading about each subject and score app company and taking notes and I wanna read all Daniel Priestley books as well as taking action to become as I was in school and Uni a person of influence. Thank you Ali Abdaal for this great deep dive into life and the real world !
I'm on the lookout for only 2 or 3 driven individuals (ideally based in London) who are serious, committed, and ready to form an accountable mastermind group and take massive action towards the goal of earning $10k a month by October 2024 and $1m a month by December 2026. I'm looking for individuals who are ready to apply the principles outlined in this podcast and willing to put in the work to make it happen. You don’t need to have a business idea or any business experience. But you have a massive unshakeable desire to take action to change your financial story in a short space of time. Not that it makes any difference, I trained as a medical doctor and I am female. Together, we'll hold each other accountable, share valuable insights and resources, and support one another on our respective journeys to financial freedom and abundance. I envision a group of dedicated individuals who are ready to level up, move from consuming knowledge to taking action and make their dreams a reality within the next 6 months. If you're someone who resonates with this vision, and ready to take your life and income to the next level, I invite you to join me on this exciting journey. Click on the WhatsApp link below to express your interest and let's embark on this transformative adventure together. WhatsApp group: chat.whatsapp.com/B5Vvl5QOyRK6XDCUVZ01gM Once this mastermind is complete with 3-4 members, I will close the invite. Here's to taking bold action, chasing our dreams, and creating a life of abundance and fulfillment. I can't wait to connect with you all and make magic happen! Ali/Daniel, I will certainly keep you posted on our progress, so you see the amazing ripple effects of your work in our lives and in humanity! Best regards, Kemi
There is so much value in this video - I need to watch it again (and probably again). I have a business - we are at £10k - £100k a month (but much nearer to £20k) - I need to scale and have learnt so much from this. I did speak to a business coach and at the end actually said everything he told me was not a revelation, which he agreed with. It is all in me somewhere - but I get "stuck in my own head". It's not about the money - it's about the fun of creating a business.
00:00:00 Most popular guest on the podcast. Why? 00:04:28 Demystifying entrepreneurship 00:07:49 Why is entrepreneurship so alien to the way most of us were educated? 00:12:52 Entrepreneur vs solopreneur 00:14:16 Managing people 00:15:41 0 to 10k a month 00:16:20 CAOS framework - Concept 00:18:16 OMV - Origin story, mission and vision 00:35:14 Example 1 00:36:20 Example 2 00:38:26 What is a J-curve business? 00:53:41 A - Audience 00:53:46 O - Offer 00:57:46 Example 3 00:58:26 Example 4 01:01:27 S - Sales 01:06:34 LAPS - Leads, Appointments, Presentations, Sales 01:07:26 Entrepreneurship vs day jobs 01:08:13 Would you be disappointed if your kids got a “real” job? 01:10:32 Should we feel bad about being part of the capitalist system? 01:13:59 10k-100k a month 01:14:50 How to find the right people for your business? 01:16:51 Remote vs in-person work 01:17:57 Freelance, part time or full time? 01:18:11 How to pitch the job to people? 01:18:42 What skills are you looking for? 01:19:42 Establish yourself as a key person of influence 01:24:53 4 types of products 01:26:38 Example of web design agency 01:30:05 The Eiffel Tower metaphor 01:35:35 Find someone to run your business 01:37:23 What does running a business involve? 01:41:51 Owning multiple businesses 01:45:45 Growing to 100k and above 01:59:40 Getting from 100k to 1 million a month 02:15:34 Entrepreneurship is a game worth playing 02:23:55 Resource recommendations
Agreed that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, looking for companies to make additions to boost performance
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
Glad you asked because in 3 year their would be a company listed on Indian share market. Which would be called or branded as origin and worth millions or billions. And CEO would some 22-23 year man. Who will create one the world greatest company. Which would contribute human kind. This company would be responsible for making world first under ocean city near Mumbai and goa. The city would be named as "Dwarka new rise". In occasion of opening the city 23 major country representive and prime minster would be there. It probably would take 15 year after origin became 3 billion dollars company. At that time opening dwarka, the company would worth about 700 billion dollar and world's fastest growing company in the world and would break nvidea record.
Great content from Daniel. Very insightful. Ali really does ask very good questions and is clearly a very good student. However the part about telling everyone to have kids without first asking them if it's something that they want or if it's something that will actually make their lives better reflects a lack of self-awareness that not everyone may want the same things or may even be capable of having those things. It is not a rule that it will. So it's not like eating like he says. We must eat to survive that's a rule for the living.
I’m not the one to comment usually, but I had to give the thumbs up. What an amazing conversation! Packed with practical and valuable content. Went from here to Amazon to buy every book from Daniel!
Thank you Daniel, I really enjoy your style! You’re an amazing teacher - so authentic and sincere and open. I feel lucky to have come across you in this video and I plan to follow you and learn a lot more. Ali, thank you for all that you do x
These kinds of talks are often motivational, common sense masquerading as sage advice. But I finally found a punctual person, happy to share information and above all pleasant. This sounds funny, but now I am a Daniel Priestley fanboy.
Daniel Priestley is such a brilliant communicator. I've been fortunate enough to do his KPI accelerator may years ago and got so much out of it. The way he answers Ali's last question (2:23:16) is so succinct and insightful - what a brilliant mind! What a great listen this was - and a great reminder of many of principals I learned from him years ago.
Finally, I spent about three weeks listening to this interview, it was impossible to do it while doing any other task since I had to take notes every 2 mins. Eveb when I was walking I had to do it with a notepad, excelent content, right on point, it was like reading a book without the unsufferable overexplaining and redundancy, great job Ali and Daniel
I'm on the lookout for only 2 or 3 driven individuals (ideally based in London, UK) who are serious, committed, and ready to form an accountable mastermind group and take massive action towards the goal of earning $10k a month by October 2024 and $1m a month by December 2026. I'm looking for individuals who are ready to apply the principles outlined in this podcast and willing to put in the work to make it happen. You don’t need to have a business idea or any business experience. But you have a massive unshakeable desire to take action to change your financial story in a short space of time. Not that it makes any difference, I trained as a medical doctor and I am female. Together, we'll hold each other accountable, share valuable insights and resources, and support one another on our respective journeys to financial freedom and abundance. I envision a group of dedicated individuals who are ready to level up, move from consuming knowledge to taking action and make their dreams a reality within the next 6 months. If you're someone who resonates with this vision, and ready to take your life and income to the next level, I invite you to join me on this exciting journey. Click on the WhatsApp link below to express your interest and let's embark on this transformative adventure together. WhatsApp group: chat.whatsapp.com/B5Vvl5QOyRK6XDCUVZ01gM Once this mastermind is complete with 3-4 members, I will close the invite. Here's to taking bold action, chasing our dreams, and creating a life of abundance and fulfillment. I can't wait to connect with you all and make magic happen! Ali/Daniel, I will certainly keep you posted on our progress, so you see the amazing ripple effects of your work in our lives and in humanity! Best regards, Kemi
I loved hove Daniel Priestly explained everything with accurate examples and at the same time gave different perspectives to perceive things. I also really enjoyed listening to him because of his way of talking in a fun, lighthearted, gentle way. Im a doctor myself and dont plan to leave the profession soon but would certainly like to explore other sources of incomes. This was encouraging 🌸 thank you Ali for bringing brilliant people to the podcast. I always watch until the end even if it’s not about my field or interests because there’s always something to learn from successful and passionate people.
Legend legend LEGEND Daniel !! More golden learning in this one video than my ~2 years of youtube videos, podcasts and vlogs. Maybe it's just so well structured and direct. Appreciate this so so much Ali and Daniel. Wish you both continue to grow tremendously and live happy and fulfilled lives!
There is a hell of a lot of value in this podcast. I’ve been feverishly taking notes which almost never happens with TH-cam content. “Firmware update” indeed. Thank you for this. It’s amazing that this is free.
The greater the automated income you can build, the freer you will become. Taking the first step is the hardest, but 5 houses later living off automated income since July 6, 2016. You've got to start taking steps to achieve your goal.
All passive income ideas work as long as you put the work in. I focus more on cryptos, NFTs, real estate crowdfunding and IDOs. With the assistance of a financial consultant, I'm doing well for myself.
Most people simply enter the Trading market without comprehending matters like this. The first stage in building money is determining your goals and risk tolerance, which you may do on your own or with the assistance of a financial counselor who works with a verified Finance agency. And also you can learn the facts about saving and investing and create a clear plan, you should be able to acquire financial security over time and enjoy the benefits of income management.
That is why I work with Gregory Thomas Patchak, who introduced me to a better Financial community, a verified agency where learned how money works and how to create it, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made.
Exactly why i enjoy market decisions being guided by a professional, seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience, been using the expertise and guidance of Gregory Thomas Patchak, for over 5years+ and I've netted over $3million in that time frame..
ali always asks the most relevant and best counter questions the moment something comes up in my mind he asks that question within the next minute i love this
This episode in one hour changed my attitude to business completely. For last month I was development my coaching business for men and I knew I had a product but couldn’t approach it in my head what to do with it. And just few words made my crush white board and reflect on desires and resolutions for my customers. Thank you
The origin story session really hit me. Wow... Thank you for this moment you gave me to reflect and be introspective on what has and still does influence me all these years later.
It is always good to have a financial plan. I work with a professional planner and fixed-income strategist in NY. The fixed income portion of your portfolio won't simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.
Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely...
I couldn't agree more. Taking charge of your life and putting in the hard work is the path to success. Having a portfolio manager like Mr. Samuel Peter Descovich is a game-changer. Their expertise and guidance can truly transform your financial journey. Making $35,000 in profits each month and saving 70% of that is quite impressive!They save you time and provide valuable insights that lead to impressive profits. Keep up the amazing work, and enjoy the fruits of your labor..
I've shuffled through a few experts in the past, but settled with SAMUEL PETER DESCOVICH. The strategy he use is recession-proof, more specifically profit-oriented , and most likely, you'd find his basic info on the net, he's a renowned advisor.
It’s unfortunate most people don’t have such information, I don’t really blame people who panic cos lack of information can be a big hurdle. I’ve been making more than $65k passively investing with Samuel Peter Descovich, and I don’t have to do much work. It doesn’t matter if the market is crashing, I will always make good profit returns.
I have turned over more than half MILLION working with SAMUEL PETER DESCOVICH on a wide array of options and finally sticking to a few that have been favorable in the past 2 years.
Legit one of the most valuable videos on TH-cam I've seen. As I start my business the insights Daniel has provided will surely save me so much time and money. Thank you for this!
What a great interview and such a wonderful guest speaker. I've learned a lot from it. Now, I plan to read his books. Thank you for sharing, Ali. He could be a great mentor for many potential entrepreneurs.
Wow, 50 minutes in and this is a wealth of knowledge. I run a 3-4 team business and Daniel is just droppinig knowledge I had to learn the hard way. So excited to hear the rest. Thanks for getting him on again, I'll have to go back and hear the first podcast too.
This interview sparked my curiosity 🙌Clarity about businesses and entrepreneurship just really made me more eager to start my own service-based business. I'm looking forward to the stress, learning and earning!
Investing in mutual funds offers a structured and diversified approach to building wealth, managed by professional fund managers. While there are costs and some limitations, the benefits of diversification, professional management, and ease of access make mutual funds a popular choice for achieving a variety of financial goals.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $875k by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
Those are remarkable comments guys! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the names of the advisors who have been assisting in navigating these financial challenges?
“Cynthia Alexandra Jackson” a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Great video. I think what most rich people have in common is that they work hard and think hard, and they are ready to take some risks. I used to be very lazy but this year I started to take some initiative in my life and I started doing dropshipping. Now, after seven months I can say that it was the best decision of my life. What helped me the most was founding good products to sell (I am using a little bit of winnerzila as source of my products, and their lifetime deal is amazing imo, especially for beginners). Last month I had 13000$ profits, it was the best month for me so far.
Ali's interviews are right on the money! There are different interviews of Daniel but this one really strikes to the point and keeps engaged even though its a long interview.
Great podcast, a big follower of Daniel's books! It is good to see him in podcasts and talking from different perspectives. My favourite book is Oversubscribed, because some concepts were counter-intuitive. At 22:21 I would hesitate to negotiate with a 10 yr old kid because they might be eager to sell it and end up resenting you later. If the parents would have been financially sensitive, they would end up resenting you too thinking you took advantage because of the kid because the OG plan might have been that the kid just sells at the prices given. Ofcourse each kid is different. The other person IMO neednt feel embarrassed. Just wanted to put it out there.
Of all the podcasts I watched, from various podcasters, I must say, this is the first that contains credible solutions and a pathway to getting started. Really appreciate the contribution and inspiration
This was excellent! Thank you for giving us solopreneurs / entrepreneurs so much value. It’s often difficult to understand what the road ahead could look like. Having this framed is so valuable and allows me to plan and stay in my phase as I incrementally grow into the next one with a solid foundation behind me. ❤❤❤
Thank you Ali and Daniel for a great episode! 🎉 I have been in sales meeting with Daniel and I think he is one of the best to deliver value and have great energy! 🙌🏼😍
I've followed Dan Priestly for a while now and he is amazing. However I have to give massive credit to you for the line of questioning which opened Dan and allowed him to answear in a way that released the wealth if information this man carries
Humility SELLS! and IS winsome and attractive. Blessed are the Humble = Daniel Priestley. It is refreshing to listen to/watch, an extremely successful, wealthy, and PROFOUNDLY WISE beyond his years person like Daniel; who treats others so kindly, is respectful, thoughtful, down to earth, and HUMBLE. NO WONDER... you are so successful!! Your parents did an amazing job raising you Daniel (I DO NOT know a thing about your family upbringing and background. So, I could be mistaken and I am obviously uninformed. My apologies if so.) Keep up the great work Daniel - You are a good man! Great interview Ali - WELL DONE sir
I started a company with nothing but an idea. Lost everything during covid. Pivoted. Built a proof of concept. Made my first sale. 18 months ago we opened our doors. Became the busiest axe venue in the country. Have had 70k customers. 75M views on social media. And already done 1M+ of revenue. Its a fun story.
Good job man ! Could you maybe advise what are the first steps for someone who is fully committed to starting their own business soon but right now is clueless on what to do ?
I was really moved by the childhood empowerment stories.Thanks for sharing. I don't have a childhood empowerment story and it makes me feel sad and totally empty inside. Thanks for the way you kindly dealt with the topic of people who don't have a empowerment story.
Wow. My first time listening to Daniel Priestly, (Obvs heard of him), but my gosh he explains things perfectly. I am someone who switches off very quickly (admittedly, watched this in bites of 30 minutes when I got the spare chance), but, if I had more time on my hands I could’ve watched this in 1 sitting (which is a rarity). Anyway, lots of very VERY interesting things to grab hold of for anyone on their entrepreneurial or even Business journeys. Whether you’re thinking about it or you’re a seasoned pro there is something in this for everyone. I will also be using some of the examples, methodologies and anaologies within my own ventures/situations and clients. 10/10. I think Ali even learnt a thing or two here, also… just 1 last thing well done Ali for producing this, it’s very much needed and a valuable resource to anyone that comes across this. I will deffo be hitting the subscribe button now. 🎉
Dear Ali, thank you soooooo very much for making this podcast!!! It blew my mind and opened up like the 10th dimension!!! So much density of quality information for me! My biggest appreciation and vest wishes for your journey! Learning how to create my own business in art and entertainment.
Understanding the “J curve” volume businesses VS the “Sales business” concept was one of the biggest realizations/reality checks for me and my business and understanding how and why it takes so much to start and succeed certain types of business. Great Podcast, thank you Ali and Daniel!
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🎬 If you want to start or grow your TH-cam channel to help with your brand or business, check out the Part-Time TH-camr Academy here 👉 go.aliabdaal.com/ptya_priestley
Hi, there! If one day you plan about share your content in Brazilian Portuguese, I’m up to translate that, ok? Nice content! 🙌🏽
Hi Ali, thank you for the great episode! I see there is some weird stuff going on in the comments. Most of them are somehow related to investing or stock market, although the video is not about those topics. Seems like a bunch of bots or fake accounts. Do you understand what's going on?
Massive thanks to Ali and Daniel for the incredible podcast! I've been following Ali's channel for a while now and Ali, your content is gold! I have also read Daniel’s book, "Oversubscribed" twice! Certainly, a must-read!
I'm on the lookout for only 2 or 3 driven individuals (ideally based in London) who are serious, committed, and ready to form an accountable mastermind group and take massive action towards the goal of earning $10k a month by October 2024 and $1m a month by December 2026.
I'm looking for individuals who are ready to apply the principles outlined in this podcast and willing to put in the work to make it happen. You don’t need to have a business idea or any business experience. But you have a massive unshakeable desire to take action to change your financial story in a short space of time.
Not that it makes any difference, I trained as a medical doctor and I am female.
Together, we'll hold each other accountable, share valuable insights and resources, and support one another on our respective journeys to financial freedom and abundance. I envision a group of dedicated individuals who are ready to level up, move from consuming knowledge to taking action and make their dreams a reality within the next 6 months.
If you're someone who resonates with this vision, and ready to take your life and income to the next level, I invite you to join me on this exciting journey.
Click on the WhatsApp link below to express your interest and let's embark on this transformative adventure together.
WhatsApp group: chat.whatsapp.com/B5Vvl5QOyRK6XDCUVZ01gM
Once this mastermind is complete with 3-4 members, I will close the invite.
Here's to taking bold action, chasing our dreams, and creating a life of abundance and fulfillment. I can't wait to connect with you all and make magic happen!
Ali/Daniel, I will certainly keep you posted on our progress, so you see the amazing ripple effects of your work in our lives and in humanity!
Best regards,
Kemi
Your timestamps are WAY OFF and its actually missing whole sections of the interview
the most valuable from this talk is the last few minutes, not about money, but life.
Sometimes Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin ,While also continuously learning from mistakes and improving
Many overlook that banks are return-driven businesses. I don't trust keeping a large sum in a bank. Instead, I invest with guidance, enjoy the benefits, and save for retirement.
After the '08 financial crisis, I've learned not to trust corporations. Since 2020, I've been investing with a financial advisor and have had no major losses, so I'm not going back to relying solely on banks.
@@hasede-lg9hj Market behaviour can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?
The decision on when to pick an Adviser is a very personal one. I take guidance from Annette Marie Holt to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
🎯 Key Takeaways for quick navigation:
00:00 🎯 Daniel Priestley discusses his background and how he built multiple companies without having specific skills, emphasizing his role as an "organizing force."
00:28 💡 The episode covers the entrepreneur journey from 0 to 10K, then 10K to 100K, and finally 100K to a million dollars a month.
00:43 🛠️ Frameworks will be discussed to help people at different stages of their business careers, including the four different types of products.
01:11 🌟 As a key person of influence, you should focus on what only you can do, rather than running your business.
02:21 🌍 Discusses the changinglandscape of work and how people are increasingly dissatisfied, making entrepreneurship an appealing option.
03:30 🏗️ Entrepreneurship is likened to building Lego, following specific steps to reach the end goal, demystifying the perceived risk.
04:56 ❗ Distinguishes between trading and entrepreneurship, noting that trading is a zero-sum game, whereas entrepreneurship allows for value addition.
06:31 🎲 Talks about de-risking entrepreneurship by going through a process of discovery to find unmet needs in the market.
07:54 🎓 Critiques the education system for preparing people for a world that no longer exists, making them ill-suited for entrepreneurship.
10:24 💰 Defines entrepreneurship as a pursuit of commercial success, involving risk and organizing resources beyond your control.
12:58 🤔 Challenges the idea of being a 'solopreneur,' emphasizing the limitations of not having a team to scale the business.
15:18 📝 Introduces the 'CHAOS' framework for aspiring entrepreneurs: Concept, Audience, Offer, Sales.
19:19 🧠 Entrepreneurs often seek to recapture early moments of empowerment from their youth.
19:47 💻 Coding and creating websites were cited as a specific empowering moment.
20:44 🦸♂️ Origin stories can be positive or negative but are foundational for entrepreneurs.
21:38 💼 The concept of "business" became empowering during a garage sale experience.
23:03 💲 Successful entrepreneurs aren't solely motivated by money; it runs deeper.
23:47 ⚠️ Entrepreneurship is not for everyone and can be stressful.
24:45 🛠️ Gain experience by working in a small business first.
30:22 🎯 Discusses the difference between a business "vision" and "mission."
31:19 🎓 Students are not an ideal market because they prefer to throw time at problems rather than money.
32:00 💡 Test business ideas quickly and cheaply; an idea can start as a page of notes.
33:51 📈 A good product should offer a clear 10-to-1 return on investment.
37:50 🚫 Food-related businesses can be capital-intensive and hard to scale.
38:43 🛑 Daniel Priestley advises against launching a productivity app without significant capital due to the "J curve" in finances.
39:10 📊 Validate your business idea with low-cost methods, like hosting a Zoom event or setting up a scorecard for potential customers.
40:34 📣 Use various platforms like Instagram and LinkedIn for customer outreach and validation.
40:48 📉 Explains the "J curve" in business, describing how some businesses lose money before they start to make money.
44:05 💼 Differentiates between sales businesses and volume businesses, suggesting the former are better for beginners.
45:31 🚨 Warns against low-ticket, high-volume businesses that require a large team and significant scale to be profitable.
50:13 💰 Focuses on the wealth distribution, advising businesses to target high-income individuals for better ROI.
54:31 🎯 Emphasizes the need for a business model that can generate at least $10,000 per month, ideally through high-ticket sales.
56:37 ❌ Highlights the importance of ruling out business ideas that don't meet stringent criteria for scalability and profitability.
57:19 🤝 Recommends presenting your offer in person to gauge customer reactions better and improve your product.
57:48 📱 Tech entrepreneurs should be hands-on with potential clients to understand their needs and preferences.
58:29 🚫 Online interactions may not provide sufficient customer insights; face-to-face meetings are essential.
58:57 📊 Conduct at least 30 sales meetings to gather statistically significant data on customer reactions.
01:00:08 ⚒️ Refining your product is an iterative process, like a blacksmith sharpening metal.
01:00:33 📝 Take detailed notes after each customer meeting to understand likes, dislikes, and potential areas for improvement.
01:01:28 🤝 Entrepreneurship is about organizing forces; you don't have to be the expert in the service you're selling.
01:03:19 🎯 The entrepreneur's role is to be the organizing force, not necessarily the one doing the work.
01:04:56 🛒 Sales should not be viewed as a "dirty word"; it's a valuable skill involving listening and understanding.
01:09:55 📈 Use the LAPS (Leads, Appointments, Presentations, Sales) model for a systematic approach to sales.
01:15:35 💡 Capitalism is fundamentally about mutually beneficial transactions; both parties should feel they're getting a good deal.
01:16:47 🎯 Focusing on the right target audience is crucial for sales, and worrying about this shows you're a responsible player in the market.
01:17:15 👥 At 10K a month, your team is likely 2-4 people, including roles like sales, customer service, and administration.
01:18:25 🧩 When hiring, look for "Rebels and misfits" who don't fit the usual molds but have good attitudes or unique talents.
01:20:20 💬 Team chemistry, even in remote settings, is vital for communication and motivation.
01:22:58 🌟 To scale from 10K to 100K a month, become a "key person of influence" and expand your reach through multiple channels.
01:24:50 👥 Personal brands drive businesses; examples include Steve Jobs for Apple and Bill Gates for Microsoft.
01:27:09 📚 Publishing content like books can help establish you as an authority and drive business growth.
01:28:20 📦 Diversifying your product range is crucial, including gifts, core offerings, and subscriptions.
01:31:35 💰 When scaling, recurring revenue stacks up quickly, especially when targeting high-paying clients like doctors.
01:35:06 🏢 Businesses can have multiple revenue streams; the key person of influence is the centerpiece that attracts customers to these streams.
01:37:10 🎯 Importance of targeting your audience by going to their specific conferences instead of industry-related events.
01:38:06 🏈 The 'Quarterback' model: The key person of influence throws opportunities to the team, helping the business to thrive.
01:39:00 ☕ Running a business doesn't require a high-profile manager; even young people manage multi-million dollar businesses like Starbucks.
01:40:10 🕒 Once you reach a certain revenue, you should focus on higher-impact tasks and delegate day-to-day operations.
01:41:06 📊 Importance of having a dashboard for monitoring key business metrics.
01:43:12 📚 Your high-value tasks as a key person of influence are content creation, like writing a book or doing a podcast.
01:45:04 📈 Owning multiple businesses can be less stressful than owning just one.
01:49:11 👥 Team dynamics change around the 13th employee, leading to a need for sub-teams and more complex management.
01:51:09 🏜️ "Crossing the desert": The phase where a business is too big to be small but too small to be big, requiring crucial decision-making.
01:56:01 🛠️ Modern assets for productivity are typically digital, such as intellectual property, media, or software.
01:57:09 💼 The assets of a business, such as media, intellectual property, and software, contribute significantly to productivity.
01:58:17 📚 Intellectual property can manifest as methods, recipes, or data, and is crucial for scaling.
01:59:43 🤖 A scalable business model requires fewer people as it grows, focusing instead on leveraging assets like software.
02:01:04 🤝 Partnerships can offer a scalable way to grow, especially when combined with intellectual property and media.
02:03:18 📈 Companies can scale by having teams of teams focused on different functions, products, or markets.
02:06:04 ⚖️ Some businesses scale easily while costs remain low, unlike industries like childcare where costs scale with the business.
02:08:12 💡 A ventures model, involving partnerships and equity, can offer significant upside while still maintaining a lean team.
02:12:36 🤑 In finance, scaling is easier and can involve large sums with comparatively small teams.
02:14:15 📊 Companies often sell for multiples of their profit or revenue, providing a fast route to significant gains.
02:16:51 🎯 Being a key person of influence in a business ecosystem can pave the way for other roles and opportunities.
02:17:18 🚀 Entrepreneurship is not an easy path but the payoff can be huge, potentially earning in one deal what many earn in a lifetime.
02:17:58 😓 The downside of entrepreneurship includes stress and complexity.
02:18:11 🥕 Entrepreneurial life is motivated by "bigger carrots and bigger sticks," meaning both the rewards and the risks are greater.
02:18:53 💡 The speaker is driven by the potential and the camaraderie of his current software business.
02:20:13 💲 Entrepreneurship isn't just about the money; it's about the game and the identity associated with it.
02:21:37 📈 Business success is a scoreboard for validation; it's crushing when someone cancels a subscription.
02:23:15 ⚖ Life is a series of trade-offs, especially when balancing freedom and family commitments.
02:24:38 🏠 Life moves in chapters, and clinging to a past chapter can lead to unhappiness.
Made with HARPA AI
I’m
I was a little suspicious of the hand-typed authenticity of this post. Then I expanded it, and sure enough, at the bottom, AI claims authorship 😂
@ 35:00
Great
：００
I’m avoiding trending entrepreneurship podcasts because I’m simply exhausted from the same rhetoric but this was so refreshing. Real masterclass and I listened to the full 2.5 hours. Daniel is a great speaker and breaks it down in a relatable way. Thanks 💛
CAOS, OMV, J curve, Sales vs Volume businesses, to name a few of the many GEMS in this video 🤯🤯🤯. It's INSANE that this video is free. Wow. This video is a money printer and incredibly grateful it exist. So timely ❤
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.
@@maryHenokNftbravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
*Gertrude Margaret Quinto* is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
ali always asks the most relevant and best counter questions
the moment something comes up in my mind he asks that question within the next minute
i love this
So, the more I watch from Daniel Priestly the more I like this guy.
What a phenomenal communicator.
He makes me believe that we can actually do this AND it doesn’t need to be complicated.
Same
Great Podcast. So much wisdom. How I wish I could meet Daniel in person. So much wisdom. For now, let me read the books.
Thank you
Absolutely gold information. Thanks Ali and Daniel for sharing this. We live in such amazing times.
There's absolutely no way in this world anyone can tell me there's a better, more valuable way to have spent 2:28:36 of my day today. If there's is, post it here. Thank you gentlemen for sharing so much value and giving it for free. May it come back to you a hundred fold.
It’s kind of crazy how nobody is talking about the book The Cosmic Wealth Frequencies on Borlest.
So much knowledge! Absolutely free! I was never taught anything about money, I am praying and working to change that. I am 46 no retirement no savings because I made a lot of mistakes when I started investing, trying to correct that now. Already have a few thousand$ saved up to invest for long term. I would like to know what advice you could give to start my investing journey. Listening to you gives me inspiration and wisdom. Thank you so much!
Just buy low sell high. Stick with a good company by either not selling when it’s going lower and/or buying more at that time. Almost always the good well managed companies will come back strong at some point. The other is to get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
Well, I recommend you make a diversification plan because it's been harder to build a good financial portfolio since COVID. My colleague suggested I hire an advisor. I did and I've actually made over $926K with my advisor's help during this market crash. She uses defensive strategies to protect my portfolio and make profits despite the ups and downs.
Really? I’ve actually been looking to switch to an advisor for a while now. Just never made up my mind. Any help pointing me to who your advisor is?
I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.
46 is very late to start. 2 options : invest with high risk but high reward, 10-25% usually in small business. but with a high 50% chance to lose everything or 2) invest safe with a solid index. it always outperform market. I think its 6-7 % returns. if you have 10,000 and invest 1000 per month for 20 years, you should have 495K % 6% return rate.
LOVE HOW ALI communicates with his guests. Nods, affirms what they say, smiles and just acts polite and courteous.
Stop insulting other people's intelligence@pamelaparis1659
Stop insulting other people's intelligence@mooreben3295
Stop insulting other people's intelligence
@Elizabethadams712
NO! it seems like he's on crack and can't wait for the guest to shut up so that he can speak.
Daniel Priestley is hands down one of the most outstanding speakers I've ever heard. His wisdom, his spur of the moment answers and the way the explains with analogies are incredible! Amazing interview!
Never listened this long podcast. Thumbs up to Ali for this whole conversation 👍
This content is pure GOLD for an entrepreneur, thank you Ali and Daniel.
THIS IS EXACTLY the kind of information we want to hear. THIS WAS MIND BLOWINGLY helpful! Thank you so much for this one.
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
Making touch with financial advisors like Maria Williams who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
She trades for me too. My first investment with Maria Williams gave me profit over $25,700 and ever since then I trade with her and it has been a good turn up
Hello
Do you know how much is ok for a start let me know if I can do this...
Can I start with $5000?
Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires
Investing and trading now will be the wisest thing to do especially with the current economic fluctuation and inflations.
That's awesome!!! I know nothing about investment and I'm keen on getting started. What are your strategies?
As a beginner investor, it's essential for you to have a mentor to keep you accountable. Gillian Sara sheeran is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Same here all thanks to Gillian Sara sheeran, she has always been there to guide me through with detailed analysis and recommendations that I wouldn't have access to otherwise.
She is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.
I really like the doctor analogy for being an entrepreneur!! I had never made the connection that what I do as a financial coach is exactly like visiting a doctor's office: talk to them, assess the problem, and offer the treatment! I'll have to use that as an analogy for my clients. Thanks for this video gentlemen! 😊
I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.
The first step to wealth creation, is figuring out your goals and risk tolerance - either on your own or with the help of a financial advisor. If you can get the facts about savings and investing with a well detailed plan, you should be able to gain financial security over the years and enjoy the benefits of managing your income.
That is why I work with John Desmond Heppolette, who introduced me to a better financial community, a validated organization where I learned how investing works and how to invest proficiently, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made..
Working with a financial advisor who has worked in a solid financial firm for a long time, such as John Desmond Heppolette, will actually set you up for success in life. I'm delighted I was able to reach out to him earlier this year because while others were grumbling about the downturn in the markets due to the state of the economy, I was busy learning from him and eventually made over seven figures in the first quarter alone, which is why it's always good to join the right community..
Your financial advisor really seem to know this stuff. I found his online-page when I made a google search of his full names online, read through his resume, educational background and qualifications, it was really impressive. I left him a note and booked a call session with him..
Yeah for real, John Desmond Heppolette, is one asset manager that gives the breakdown of everything on how things are done, joining an effective financial community can be 100% beneficial when joined properly that's all I can say out of experience..
This is the first time I’ve “met” Daniel Priestly, and he is awesome! Really enjoyed this podcast episode and got a lot of really valuable information. Thank you both 😊
I love how Ali Abdal is getting down to the base level and asking basic questions for the rest of the audience?
"Daniel Priestley's masterclass on entrepreneurship is eye-opening! Feeling energized and ready to apply these strategies to elevate my business!"
Took me two days to finish this interview
Probably the best interview I’ve seen on TH-cam this year. Solid wisdom and knowledge
What you learned from this interview?
@@uaeappliancerepair the simplicity of his business frameworks and how to scale were easy to understand. great teacher and communicator
lol i need summary too
I concur with your comment. It is amazingly informative.
Massive thanks to Ali and Daniel for the incredible podcast! I've been following Ali's channel for a while now and Ali, your content is gold! I have also read Daniel’s book, "Oversubscribed" twice! Certainly, a must-read!
I'm on the lookout for only 2 or 3 driven individuals (ideally based in London) who are serious, committed, and ready to form an accountable mastermind group and take massive action towards the goal of earning $10k a month by October 2024 and $1m a month by December 2026.
I'm looking for individuals who are ready to apply the principles outlined in this podcast and willing to put in the work to make it happen. You don’t need to have a business idea or any business experience. But you have a massive unshakeable desire to take action to change your financial story in a short space of time.
Not that it makes any difference, I trained as a medical doctor and I am female.
Together, we'll hold each other accountable, share valuable insights and resources, and support one another on our respective journeys to financial freedom and abundance. I envision a group of dedicated individuals who are ready to level up, move from consuming knowledge to taking action and make their dreams a reality within the next 6 months.
If you're someone who resonates with this vision, and ready to take your life and income to the next level, I invite you to join me on this exciting journey.
Click on the WhatsApp link below to express your interest and let's embark on this transformative adventure together.
WhatsApp group: chat.whatsapp.com/B5Vvl5QOyRK6XDCUVZ01gM
Once this mastermind is complete with 3-4 members, I will close the invite.
Here's to taking bold action, chasing our dreams, and creating a life of abundance and fulfillment. I can't wait to connect with you all and make magic happen!
Ali/Daniel, I will certainly keep you posted on our progress, so you see the amazing ripple effects of your work in our lives and in humanity!
Best regards,
Kemi
The "10-13 theory" about entrepreneurs having that "empowering moment" applies to me. Haha, damn! I learned to play the guitar at age 11, loved it so much... got a band together and played at the school's talent show. It went soooo well! Next day of class, I was like a "school celebrity" - even kids in higher grades wanted to hang out with me. I have been playing music since, my dad supported eventually... my mom always disapproved haha. Goes without saying I am an entrepreneur right now... just felt like sharing. It's crazy how these episodes of Ali help me understand myself even more.
Prior to watching this video, I was not following Ali and I didn't know who Daniel Priestley was. I would NEVER watch such a long podcast/video (2.30h!!), not even from someone I already follow. YET, this was the most enlightening, value-adding, thought-provoking and easy-to-follow video I've ever watched. Thank you both, Ali and Daniel. And I thought that the Hormozis, Bartlett and Mel Robbins were the top ones.
I have been an entrepreneur for last 5 years build 3 companies and still after watching this video, i am leaning so so much. Its like i know nothing. But most importantly my passion for entrepreneurship is returning after watching this video.
Thank you for this awesome content. 🙏
So much knowledge! Absolutely free! All of this is not taught in school or university! I was never taught anything about money, I am praying and working to change that. I am 46 no retirement no savings because I made a lot of mistakes when I started investing that I am trying to correct now. Listening to you gives me inspiration and wisdom. Thank you so much, Ali and Daniel! It's mind-blowing!
Can relate. As a beginner, I took a more practical step to learn to invest, I began through the guidance of a financiał consułtant and within 2 years, I have owned 2 companies in the United states and car dealership all with the an ínvestment capital of $400,000 so it is best to invest with the help of an expert
@tommymyershoffman Really? I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is? Please.
@tommymyershoffman I might have seen that name 'Heather Lee Larioni' somewhere in reviews or so, can't really recall. But I'll be following her up. Thank you for saving me hours of researching.
SCAM DO NOT CONTACT THIS WOMAN@Bezosjesss
Look man this is a scam. Everything he’s saying is bullshit with some facts mixed in. You can’t just start a million dollar business because you feel like it (unless you had a million dollars or something worth at least a million dollars already)
Daniel Priestley is the most insightful person I've ever come across on the internet. Everything he says is actionable. I literally build my email marketing agency business in the biotech and healthcare space thanks to watching his videos. Now I'm on the path of making $20K/month.
Btw. I'm from a third world country so $20K a month is more than the president's monthly salary.
So what exactly is your service and whats your offer? How did u get to 20k/mo bro?
This is awesome. I'm happy for your success!!
🎯 Key Takeaways for quick navigation:
00:28 🚀 *Entrepreneur Daniel Priestley discusses stages from 0 to 10K, 10K to 100K, and 100K to $1M per month, offering frameworks adaptable to various business career stages.*
01:11 🍻 *Entrepreneurs should focus on their unique skills rather than running every aspect of their business; delegation and specialization are crucial.*
03:18 🗺️ *An outline of the entrepreneurial journey from 0 to 10K, 10K to 100K, and 100K to $1M per month, aiming to provide a roadmap for aspiring entrepreneurs.*
04:28 🎯 *Entrepreneurship isn't unpredictable chaos; it involves following a series of steps akin to assembling Lego bricks from a messy pile into a defined picture on the box.*
05:50 📊 *Entrepreneurship differs significantly from trading; in entrepreneurship, you create value, address unmet needs, and navigate a market landscape with existing solutions.*
07:54 🏫 *Traditional education models prepared individuals for specific roles in localized economies, unlike today's global, specialized, and geographically diverse business opportunities.*
09:58 🚀 *Entrepreneurship combines commercial success, risk-taking, and organizing resources beyond personal control, distinct from seeking employment based on skill sets.*
12:32 🕴️ *A "solopreneur" model lacks scalability and operational continuity; transitioning to a team setup is crucial for business stability and growth.*
15:47 🏗️ *The "CHAOS" framework (Concept, Audience, Offer, Sales) provides a structured approach to entrepreneurship, starting with defining the business concept.*
16:44 🏖️ *Distinguishing between a lifestyle business (focused on fun, freedom, and flexibility) and a performance business (aiming for growth, valuation, and investors) helps shape business direction.*
18:09 🌱 *Uncovering one's origin story, connecting passions, experiences, and moments of empowerment from the past, can guide business concept development even without a clear passion or interest at present.*
20:01 💻 *Early tech endeavors and freelancing without permission can instill a sense of empowerment in entrepreneurs.*
21:38 💡 *A moment of empowerment can stem from taking initiative in business at a young age.*
22:48 💼 *The concept for a business often links back to a personal origin story or defining moment.*
23:03 💰 *Entrepreneurial success is often driven by a desire to recapture a particular feeling, not just financial gain.*
23:47 🎓 *For those unsure about entrepreneurship, working alongside entrepreneurs can provide valuable insights.*
30:08 🎯 *Defining a vision, mission, and identifying problems that people are willing to pay to solve is key in business.*
31:05 🕵️♂️ *To build a successful business, focus on solving problems for people willing to invest money, not just time.*
32:14 🔍 *Test ideas quickly and cheaply; the goal is to find ideas where there's a clear demand from the market.*
34:46 📝 *Early-stage business ideas should beconcise, about a page long, and focus on the problem and target audience.*
35:15 📱 *Testing ideas through events, quizzes, or creating WhatsApp groups helps gauge initial market interest.*
38:43 💡 *Starting a productivity app involves significant investment, likely requiring fundraising before profits.*
40:48 📉 *A "J curve" in business depicts a period of initial losses before achieving profitability, typical of volume-based businesses.*
44:05 💼 *Non-"J curve" businesses focus on B2B sales, offering specific solutions or services with defined upfront costs.*
46:28 💼 *High-ticket, low-volume service businesses offer greater scalability and income potential compared to volume-based ventures.*
47:41 🎸 *Hobby-based businesses like guitar teaching might generate income but have limitations in scalability and income potential.*
54:45 💡 *Service businesses targeting high-income clients with time-consuming needs present scalable, lucrative opportunities.*
56:23 📊 *Business ideas need a clear, feasible model to reach substantial income targets-aim for a scalable model that generates significant revenue.*
58:01 📈 *Engaging in face-to-face meetings with potential clients early on helps gauge their reactions and preferences, which are often not communicated through online interactions.*
59:26 🚀 *Daniel Priestley emphasizes the importance of hands-on customer engagement to refine product/service launches, citing his own experience in launching the Score app.*
01:00:08 💡 *Iterative refinement is crucial; Priestley advises withholding judgment until extensive one-on-one interactions yield substantial feedback.*
01:01:28 🌟 *Expanding business ideas doesn't necessarily require acquiring all skills; Priestley suggests finding credible experts or teams to execute various aspects.*
01:02:50 💼 *Entrepreneurial roles revolve around organization and coordination, not hands-on task execution; delegate tasks to experts while focusing on organization.*
01:04:42 🛠️ *Sales is a scientific skill that involves understanding client needs, making professional recommendations, and navigating a process of presenting solutions.*
01:06:47 🎯 *Sales equated to guiding someone from their current reality to their desired reality by identifying obstacles and recommending solutions.*
01:14:15 💸 *Reconsider narratives around money; capitalism facilitates transactions where both parties find value, creating a win-win scenario.*
01:32:03 🎯 *Expanding into additional markets (like Nike did with basketball, tennis) helps grow by targeting new demographics with a key person of influence.*
01:35:20 🌟 *Not every business has a key person of influence; businesses with a KPI often have more significant growth potential and multiple profitable ventures.*
01:37:10 🌐 *Focusing on being a key person of influence means engaging directly with your market rather than sticking to industry events or conferences.*
01:38:20 🏈 *As a key person of influence, you're like the quarterback throwing opportunities to your team, even if you're not directly running the businesses.*
01:40:24 🗓️ *Implementing a structure for weekly tasks and a dashboard to track progress helps manage a business; a manager oversees these daily operations.*
01:43:25 💡 *The role of the key person of influence is primarily about high-value tasks, like building connections, pitching, and creating products.*
01:50:03 📈 *Scaling beyond the 12-13 person threshold involves establishing executive roles, which typically happens around 40-50 employees.*
01:52:33 🔄 *Transitioning from a small team to a larger one often requires more structured meetings to maintain alignment and solve problems efficiently.*
01:57:22 📊 *Intellectual property, media, and software are crucial assets in modern business, often undervalued or misunderstood.*
01:57:50 📚 *Intangible assets like a bestselling book or a Michelin star can significantly boost a company's value and success.*
01:58:31 🤝 *Scaling a business without escalating customer support often involves leveraging intellectual property, media, and technology instead of adding more people.*
01:59:15 🎥 *Courses as media assets can generate vast revenue without requiring additional personnel, offering scalable income.*
02:02:29 💰 *Intellectual property, media, and technology hold greater potential for profit compared to relying solely on people for business growth.*
02:03:18 🏢 *Transitioning from 100K to 1 million a month often necessitates larger teams or specialized teams of teams across functions, territories, products, or markets.*
02:06:04 💼 *Business scalability varies; some industries have exponential costs with scale, limiting their potential for growth.*
02:07:43 🌐 *Sectors like finance, software, IP, and media have higher scalability and potential for substantial growth compared to other industries.*
02:08:39 🤝 *Building partnerships with ventures and adopting a portfolio approach to equity investments can yield greater scalability and long-term value.*
02:11:28 🔄 *Managing multiple businesses might seem complex initially, but it can be more manageable and scalable than focusing on a single enterprise.*
02:14:00 🏷️ *Building scalable businesses like software can lead to higher valuation multiples and more significant returns upon exit compared to course creation.*
02:17:58 🥕 *Entrepreneurship offers huge upsides but also brings stress, complexity, and bigger responsibilities, akin to larger carrots and sticks.*
02:20:13 💰 *Money becomes less of a motivator for entrepreneurs once they excel at the game, finding validation and value in creating products and seeing customers satisfied.*
02:21:23 🎯 *Entrepreneurship isn't solely about money but about creating value, finding validation through customers, and continuously improving products or services.*
02:24:51 👨👩👧👦 *Exploring different life chapters, from freedom to family, is akin to discovering different parts of oneself-each chapter offers unique experiences and growth opportunities.*
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This content is just awesome, it's a mini MBA in 2hours interview but even better cos it's practical. Kudos to Daniel and Ali
I love your transparency. You highlight a lot of the internal limited beliefs we hold and he debunks them, helps us see a better way.
I loved Daniel's response to Ali's concern about marriage and children! It was perfect! I didn't get married or have children until after I was 35 and although I miss my autonomy sometimes, I looove my little family and always remind myself that I had my single fun already and now it's time for family fun and passing on what I know!
Phenomenal interview all around!
🎯 Key Takeaways for quick navigation:
00:28 🚀 *Entrepreneur Daniel Priestley shares insights on scaling from $0 to $10K, then $10K to $100K, and finally $100K to $1M per month as an entrepreneur.*
01:11 💡 *Focus on what you uniquely bring as a key person of influence, rather than getting lost in running every aspect of your business.*
02:21 💼 *The modern shift to entrepreneurship is driven by dissatisfaction with traditional work structures and a desire for more freedom, flexibility, and engagement.*
03:03 🗺️ *The episode maps out the entrepreneurial journey, emphasizing frameworks and philosophies at each stage from 0 to $10K, $10K to $100K, and $100K to $1M monthly revenue.*
06:04 🌍 *Entrepreneurship involves discovering unmet needs in a marketplace already saturated with existing solutions, making it challenging yet manageable with the right steps.*
07:54 📚 *Traditional schooling was designed for fitting into existing businesses during the Industrial Age, while modern entrepreneurship thrives in a diverse, global, and innovative digital landscape.*
11:06 💰 *Entrepreneurship combines seeking commercial success, taking calculated risks, and organizing resources beyond personal control to create something valuable.*
14:24 🤝 *Below 10 people, businesses often self-organize akin to a dinner party; beyond that, managing a larger team becomes more complex and structured.*
15:33 🌟 *Begin an entrepreneurial journey by defining the business's nature: a lifestyle business for personal freedom or a performance-driven venture for scalability and valuation.*
18:09 🌱 *Uncover personal origins to align with an entrepreneurial pursuit; even mundane experiences can hold clues to empowerment and passion, pivotal for creating an origin story.*
21:50 🤝 *Empowerment through business: Taking charge at a young age, negotiating sales, and realizing the potential to turn adversity into profit can spark an entrepreneurial journey.*
30:08 💡 *Establishing an origin story, vision, and mission are fundamental to shaping a business concept before ideation and problem-solving.*
31:47 💸 *A successful business idea solves a problem that people with resources are willing to pay to solve, not just investing time in it.*
34:46 📝 *Early-stage business ideas can be condensed into a page of notes focusing on product, target audience, and problem-solving, ready for testing.*
37:50 🍔 *Businesses like food trucks may seem appealing but often come with capital, scalability, and logistical challenges; software scalability contrasts greatly with tangible products like food.*
38:31 🚀 *When starting a business, avoid J-curve models that require heavy upfront investment before earning profits.*
39:10 🧭 *Testing business ideas can begin with low-cost efforts like hosting introductory events or creating online assessments.*
43:51 💼 *Non-J-curve businesses often involve service-based models like financial planning, coaching, or B2B solutions, yielding higher returns per sale.*
51:09 🛍️ *Expense perception varies based on the buyer's perspective, making it crucial to target high-value clients for high-priced offerings.*
53:32 🛒 *Product-based businesses often entail significant setup costs, contrasting with service-based models with lower initial investments.*
54:31 🏷️ *Shopify can support the initiation and growth of businesses, providing an all-in-one commerce platform for online ventures.*
56:52 🚫 *Focus on scalable models that have a clear path to reaching higher income thresholds rather than quick, non-scalable business ideas.*
58:29 📊 *Collect data from at least 30 sales meetings before judging your product's success.*
59:11 🧭 *Intensely interact with potential customers to understand how they respond to your product.*
01:00:08 📝 *Continuous refinement is crucial-gather extensive feedback (30 pages of notes!) after each interaction.*
01:01:28 💡 *You don't have to possess all the skills; you can sell services you don't personally perform.*
01:04:42 🛣️ *Learn the sales process: leads, appointments, presentations, and final sales.*
01:10:23 📊 *Maintain a rhythm of weekly laps-keeping track of leads, appointments, presentations, and sales.*
01:14:42 💰 *View transactions as mutually beneficial exchanges where both parties win.*
01:16:47 🚫 *Ethical selling involves selling to the right people who genuinely benefit from the product.*
01:17:15 🌟 *At the 10K/month mark, your team typically consists of 2-4 individuals. Scaling to 100K involves optimizing and possibly expanding this team.*
01:17:29 🌟 *Start with a small team of 2-4 people covering sales, customer service, admin, or fulfillment.*
01:20:49 🤝 *Team vibes matter more than remote or in-person setups for fostering excitement and chemistry.*
01:25:17 📚 *A key person of influence engages in publishing content, building a product ecosystem around their personal brand.*
01:29:01 💡 *Expanding product range involves gifts, products for prospects, core offerings, and products for clients.*
01:31:09 🔀 *Campaign for bigger markets by expanding services or targeting additional industries while retaining expertise.*
01:37:53 🏈 *A key person of influence manages a team to capitalize on opportunities, like a quarterback throwing passes for others to score.*
01:38:48 ☕ *Running a business as a key person of influence doesn't mean managing every aspect; it's about focusing on what you uniquely bring while delegating operational tasks.*
01:39:29 🍻 *Running a business doesn't always require a high-level executive; individuals experienced in managing pubs or similar venues can effectively run businesses.*
01:45:33 🌐 *Owning multiple businesses isn't as stressful; it's about maintaining trust in capable teams and focusing on opportunities rather than micromanaging.*
01:49:23 🤝 *A team of around 12 is manageable; beyond this, teams tend to fracture, requiring a more structured approach and leadership roles.*
[01:58:17 TH-cam](th-cam.com/video/jOgqIbeLXkE/w-d-xo.html) *📚 Intellectual property, media, and tech assets reduce reliance on hiring more people for business scalability.*
[01:59:43 TH-cam](th-cam.com/video/jOgqIbeLXkE/w-d-xo.html) *💵 A $1,000 video course (media + IP) is highly scalable, yielding significant profit without increased personnel.*
[02:00:52 TH-cam](th-cam.com/video/jOgqIbeLXkE/w-d-xo.html) *🎓 Creating a network of certified coaches (with 10K+ subscribers) could alleviate the need for more personnel in higher-priced packages.*
[02:02:01 TH-cam](th-cam.com/video/jOgqIbeLXkE/w-d-xo.html) *💡 Emphasizing assets like IP, media, and tech holds greater potential for profits than relying solely on expanding personnel.*
[02:04:01 TH-cam](th-cam.com/video/jOgqIbeLXkE/w-d-xo.html) *🌍 Scaling involves diversification into products, territories, functions, or markets, critical in the journey from 100K to 1 million per month.*
[02:06:18 TH-cam](th-cam.com/video/jOgqIbeLXkE/w-d-xo.html) *💼 Certain businesses scale with manageable costs, while others, like childcare centers, face scaling challenges due to regulatory constraints.*
[02:07:27 TH-cam](th-cam.com/video/jOgqIbeLXkE/w-d-xo.html) *💰 Finance, software, IP, and media offer higher scalability compared to other business types, paving the way for quicker and more substantial growth.*
[02:08:26 TH-cam](th-cam.com/video/jOgqIbeLXkE/w-d-xo.html) *🏗️ Transitioning to a ventures model with equity partnerships might offer superior scalability over focusing solely on product-based sales.*
[02:10:44 TH-cam](th-cam.com/video/jOgqIbeLXkE/w-d-xo.html) *🤝 Leveraging partnerships and equity deals can significantly amplify scalability and revenue generation beyond traditional product sales.*
[02:15:10 TH-cam](th-cam.com/video/jOgqIbeLXkE/w-d-xo.html) *🤔 The journey from smaller earnings to millions can follow a predictable path, but scaling involves embracing complexities and handling larger stakes.*
02:18:53 🎮 *Being an entrepreneur often feels like playinga continuous game, always problem-solving and exploring new opportunities.*
02:20:13 💰 *The concept of "having enough money" shifts for entrepreneurs-it becomes more about the game, the challenge, and creating value than just wealth accumulation.*
02:21:37 🏆 *The validation for entrepreneurs isn't solely financial; it's about seeing the value in what they create and the impact it has on others.*
02:23:01 👪 *Balancing freedom and commitment is a common struggle for individuals contemplating marriage and children-it's a trade-off that many face.*
02:24:23 🧬 *Humans are biologically wired for survival and reproduction, and the desire for children taps into a deeply ingrained fulfillment, regardless of spiritual or atheistic beliefs.*
02:26:01 📚 *Life unfolds in chapters, and embracing each stage without clinging to the past is essential for fulfillment and growth.*
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"Go work for a team of 8, learn from them" This is so TRUE because I'm currently lucky enough to be doing this with one of the best shops in the industry.
Being able to watch and learn from a small, well put together crew beats any corporate job any day of the week.
Thank you both for this incredible informative Podcast. Very Inspiring. 🙏
I am am jung person, trying to establish myself in the entreprenerial world. In the near future I hope to conect with Mr. Priestley and Ali 😀
I am literally pulling all-nighters reading 48 laws of power , and Jordan Peterson about how to write and speak , and watched this full video in-depth searching and reading about each subject and score app company and taking notes and I wanna read all Daniel Priestley books as well as taking action to become as I was in school and Uni a person of influence. Thank you Ali Abdaal for this great deep dive into life and the real world !
I'm on the lookout for only 2 or 3 driven individuals (ideally based in London) who are serious, committed, and ready to form an accountable mastermind group and take massive action towards the goal of earning $10k a month by October 2024 and $1m a month by December 2026.
I'm looking for individuals who are ready to apply the principles outlined in this podcast and willing to put in the work to make it happen. You don’t need to have a business idea or any business experience. But you have a massive unshakeable desire to take action to change your financial story in a short space of time.
Not that it makes any difference, I trained as a medical doctor and I am female.
Together, we'll hold each other accountable, share valuable insights and resources, and support one another on our respective journeys to financial freedom and abundance. I envision a group of dedicated individuals who are ready to level up, move from consuming knowledge to taking action and make their dreams a reality within the next 6 months.
If you're someone who resonates with this vision, and ready to take your life and income to the next level, I invite you to join me on this exciting journey.
Click on the WhatsApp link below to express your interest and let's embark on this transformative adventure together.
WhatsApp group: chat.whatsapp.com/B5Vvl5QOyRK6XDCUVZ01gM
Once this mastermind is complete with 3-4 members, I will close the invite.
Here's to taking bold action, chasing our dreams, and creating a life of abundance and fulfillment. I can't wait to connect with you all and make magic happen!
Ali/Daniel, I will certainly keep you posted on our progress, so you see the amazing ripple effects of your work in our lives and in humanity!
Best regards,
Kemi
This was absolutely amazing! I've bookmarked it to re-watch and share with others. So much knowledge was given. Thanks.
There is so much value in this video - I need to watch it again (and probably again). I have a business - we are at £10k - £100k a month (but much nearer to £20k) - I need to scale and have learnt so much from this. I did speak to a business coach and at the end actually said everything he told me was not a revelation, which he agreed with. It is all in me somewhere - but I get "stuck in my own head". It's not about the money - it's about the fun of creating a business.
Whats your business and how did u scale it up to 20k monthly bro
00:00:00 Most popular guest on the podcast. Why?
00:04:28 Demystifying entrepreneurship
00:07:49 Why is entrepreneurship so alien to the way most of us were educated?
00:12:52 Entrepreneur vs solopreneur
00:14:16 Managing people
00:15:41 0 to 10k a month
00:16:20 CAOS framework - Concept
00:18:16 OMV - Origin story, mission and vision
00:35:14 Example 1
00:36:20 Example 2
00:38:26 What is a J-curve business?
00:53:41 A - Audience
00:53:46 O - Offer
00:57:46 Example 3
00:58:26 Example 4
01:01:27 S - Sales
01:06:34 LAPS - Leads, Appointments, Presentations, Sales
01:07:26 Entrepreneurship vs day jobs
01:08:13 Would you be disappointed if your kids got a “real” job?
01:10:32 Should we feel bad about being part of the capitalist system?
01:13:59 10k-100k a month
01:14:50 How to find the right people for your business?
01:16:51 Remote vs in-person work
01:17:57 Freelance, part time or full time?
01:18:11 How to pitch the job to people?
01:18:42 What skills are you looking for?
01:19:42 Establish yourself as a key person of influence
01:24:53 4 types of products
01:26:38 Example of web design agency
01:30:05 The Eiffel Tower metaphor
01:35:35 Find someone to run your business
01:37:23 What does running a business involve?
01:41:51 Owning multiple businesses
01:45:45 Growing to 100k and above
01:59:40 Getting from 100k to 1 million a month
02:15:34 Entrepreneurship is a game worth playing
02:23:55 Resource recommendations
Agreed that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, looking for companies to make additions to boost performance
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I'm in dire need for one.
Thank you for the lead. I searched her up, and I have sent her a message. I hope she gets back to me soon.
Guys don't fall for this cheap SCAM
Glad you asked because in 3 year their would be a company listed on Indian share market. Which would be called or branded as origin and worth millions or billions. And CEO would some 22-23 year man. Who will create one the world greatest company. Which would contribute human kind. This company would be responsible for making world first under ocean city near Mumbai and goa. The city would be named as "Dwarka new rise". In occasion of opening the city 23 major country representive and prime minster would be there. It probably would take 15 year after origin became 3 billion dollars company. At that time opening dwarka, the company would worth about 700 billion dollar and world's fastest growing company in the world and would break nvidea record.
Great content from Daniel. Very insightful. Ali really does ask very good questions and is clearly a very good student. However the part about telling everyone to have kids without first asking them if it's something that they want or if it's something that will actually make their lives better reflects a lack of self-awareness that not everyone may want the same things or may even be capable of having those things. It is not a rule that it will. So it's not like eating like he says. We must eat to survive that's a rule for the living.
I’m not the one to comment usually, but I had to give the thumbs up. What an amazing conversation! Packed with practical and valuable content. Went from here to Amazon to buy every book from Daniel!
This was really enlightning. Thanks for all the tips. Loved the use of examples to help understand the concepts.❤
Thank you Daniel, I really enjoy your style! You’re an amazing teacher - so authentic and sincere and open. I feel lucky to have come across you in this video and I plan to follow you and learn a lot more.
Ali, thank you for all that you do x
These kinds of talks are often motivational, common sense masquerading as sage advice. But I finally found a punctual person, happy to share information and above all pleasant. This sounds funny, but now I am a Daniel Priestley fanboy.
Daniel Priestley is such a brilliant communicator. I've been fortunate enough to do his KPI accelerator may years ago and got so much out of it.
The way he answers Ali's last question (2:23:16) is so succinct and insightful - what a brilliant mind! What a great listen this was - and a great reminder of many of principals I learned from him years ago.
55:15 Proper Businesses
2:15:34 Real business
Finally, I spent about three weeks listening to this interview, it was impossible to do it while doing any other task since I had to take notes every 2 mins. Eveb when I was walking I had to do it with a notepad, excelent content, right on point, it was like reading a book without the unsufferable overexplaining and redundancy, great job Ali and Daniel
Same here, it took me 1 week listening this video in chunks whilst taking notes.
I'm on the lookout for only 2 or 3 driven individuals (ideally based in London, UK) who are serious, committed, and ready to form an accountable mastermind group and take massive action towards the goal of earning $10k a month by October 2024 and $1m a month by December 2026.
I'm looking for individuals who are ready to apply the principles outlined in this podcast and willing to put in the work to make it happen. You don’t need to have a business idea or any business experience. But you have a massive unshakeable desire to take action to change your financial story in a short space of time.
Not that it makes any difference, I trained as a medical doctor and I am female.
Together, we'll hold each other accountable, share valuable insights and resources, and support one another on our respective journeys to financial freedom and abundance. I envision a group of dedicated individuals who are ready to level up, move from consuming knowledge to taking action and make their dreams a reality within the next 6 months.
If you're someone who resonates with this vision, and ready to take your life and income to the next level, I invite you to join me on this exciting journey.
Click on the WhatsApp link below to express your interest and let's embark on this transformative adventure together.
WhatsApp group: chat.whatsapp.com/B5Vvl5QOyRK6XDCUVZ01gM
Once this mastermind is complete with 3-4 members, I will close the invite.
Here's to taking bold action, chasing our dreams, and creating a life of abundance and fulfillment. I can't wait to connect with you all and make magic happen!
Ali/Daniel, I will certainly keep you posted on our progress, so you see the amazing ripple effects of your work in our lives and in humanity!
Best regards,
Kemi
I loved hove Daniel Priestly explained everything with accurate examples and at the same time gave different perspectives to perceive things. I also really enjoyed listening to him because of his way of talking in a fun, lighthearted, gentle way. Im a doctor myself and dont plan to leave the profession soon but would certainly like to explore other sources of incomes. This was encouraging 🌸 thank you Ali for bringing brilliant people to the podcast. I always watch until the end even if it’s not about my field or interests because there’s always something to learn from successful and passionate people.
Legend legend LEGEND Daniel !! More golden learning in this one video than my ~2 years of youtube videos, podcasts and vlogs. Maybe it's just so well structured and direct. Appreciate this so so much Ali and Daniel.
Wish you both continue to grow tremendously and live happy and fulfilled lives!
so much free value, thank you so much Daniel, will definitely listen to your books on Audible
There is a hell of a lot of value in this podcast. I’ve been feverishly taking notes which almost never happens with TH-cam content.
“Firmware update” indeed. Thank you for this. It’s amazing that this is free.
I found nothing useful in this podcast. can you tell few points which were really definite and to the point useful?
Incredibly valuable info in this one. I’m 2/3 through and have 4 pages of notes. Thank you both!
The greater the automated income you can build, the freer you will become. Taking the first step is the hardest, but 5 houses later living off automated income since July 6,
2016. You've got to start taking steps to achieve your goal.
What kind of investment would you advise? And what is the best way to follow it?
All passive income ideas work as long as you put the work in. I focus more on cryptos, NFTs, real estate crowdfunding and IDOs. With the assistance of a financial consultant, I'm doing well for myself.
Most people simply enter the Trading market without comprehending matters like this. The first stage in building money is determining your goals and risk tolerance, which you may do on your own or with the assistance of a financial counselor who works with a verified Finance agency. And also you can learn the facts about saving and investing and create a clear plan, you should be able to acquire financial security over time and enjoy the benefits of income management.
That is why I work with Gregory Thomas Patchak, who introduced me to a better Financial community, a verified agency where learned how money works and how to create it, as well as free books, courses, and daily lectures.
You also get to meet new people, which was the best decision I ever made.
Exactly why i enjoy market decisions being guided by a professional, seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience, been using the expertise and guidance of Gregory Thomas Patchak, for over 5years+ and I've netted over $3million in that time frame..
ali always asks the most relevant and best counter questions
the moment something comes up in my mind he asks that question within the next minute
i love this
This episode in one hour changed my attitude to business completely. For last month I was development my coaching business for men and I knew I had a product but couldn’t approach it in my head what to do with it. And just few words made my crush white board and reflect on desires and resolutions for my customers. Thank you
How is it going now, 8 months later?
Wow, thanks Ali. By far, the BEST interview I've ever seen on TH-cam regarding entrepreneurship. THANK YOU!!!!
The best Entrepreneurship Masterclass I've whatched till today!
The origin story session really hit me. Wow... Thank you for this moment you gave me to reflect and be introspective on what has and still does influence me all these years later.
This is one of the best business video I've found on YT. Great interview, valuable lessons from Daniel Priestley. Thank you.
It is always good to have a financial plan. I work with a professional planner and fixed-income strategist in NY. The fixed income portion of your portfolio won't simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.
Creating wealth and financial freedom isn't as tough as many people believe.
Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely...
I couldn't agree more. Taking charge of your life and putting in the hard work is the path to success. Having a portfolio manager like Mr. Samuel Peter Descovich is a game-changer. Their expertise and guidance can truly transform your financial journey. Making $35,000 in profits each month and saving 70% of that is quite impressive!They save you time and provide valuable insights that lead to impressive profits. Keep up the amazing work, and enjoy the fruits of your labor..
I've shuffled through a few experts in the past, but settled with SAMUEL PETER DESCOVICH. The strategy he use is recession-proof, more specifically profit-oriented , and most likely, you'd find his basic info on the net, he's a renowned advisor.
It’s unfortunate most people don’t have such information, I don’t really blame people who panic cos lack of information can be a big hurdle. I’ve been making more than $65k passively investing with Samuel Peter Descovich, and I don’t have to do much work. It doesn’t matter if the market is crashing, I will always make good profit returns.
I have turned over more than half
MILLION working with SAMUEL PETER DESCOVICH on a wide array of options and finally sticking to a few that have been favorable in the past 2 years.
So weird…I literally have your book ‘Key Person Of Influence’ sitting on my desk in front of me. This video just popped up. 👌🏻✨
Legit one of the most valuable videos on TH-cam I've seen. As I start my business the insights Daniel has provided will surely save me so much time and money. Thank you for this!
Your stories and advice are so valuable; thank you so much!
This was a phenomenal breakdown of entrepreneurship 👏🏼. I love Daniel and his mission. Excited to read his books
What a great interview and such a wonderful guest speaker. I've learned a lot from it. Now, I plan to read his books. Thank you for sharing, Ali. He could be a great mentor for many potential entrepreneurs.
Great podcast lots of great advice and insights. Thanks for arranging this wonderful podcast.❤
Wow, 50 minutes in and this is a wealth of knowledge. I run a 3-4 team business and Daniel is just droppinig knowledge I had to learn the hard way. So excited to hear the rest. Thanks for getting him on again, I'll have to go back and hear the first podcast too.
Just the view count alone says so much about how much credibility this man has, he just ratios everyone else in the entrepreneurial space.
This interview sparked my curiosity 🙌Clarity about businesses and entrepreneurship just really made me more eager to start my own service-based business. I'm looking forward to the stress, learning and earning!
Investing in mutual funds offers a structured and diversified approach to building wealth, managed by professional fund managers. While there are costs and some limitations, the benefits of diversification, professional management, and ease of access make mutual funds a popular choice for achieving a variety of financial goals.
ADBE, VWINX and FSPGX are all still good buy, but what do I know I’m not a financial advisor lol
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $875k by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
Those are remarkable comments guys! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the names of the advisors who have been assisting in navigating these financial challenges?
Cynthia Alexandra Jackson
“Cynthia Alexandra Jackson” a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thanks!
Great video. I think what most rich people have in common is that they work hard and think hard, and they are ready to take some risks. I used to be very lazy but this year I started to take some initiative in my life and I started doing dropshipping. Now, after seven months I can say that it was the best decision of my life. What helped me the most was founding good products to sell (I am using a little bit of winnerzila as source of my products, and their lifetime deal is amazing imo, especially for beginners). Last month I had 13000$ profits, it was the best month for me so far.
Great to see other Winnerzila members here.
how do you run ads on your products? and what platforms do you use? and to make that much profit how much did you spend on ads?
#ad
@@oFeMzwas this an ad?
Ali's interviews are right on the money! There are different interviews of Daniel but this one really strikes to the point and keeps engaged even though its a long interview.
I swear this man explains everything in a way that is so, so easy to understand. Truly mindblowing!
Great podcast, a big follower of Daniel's books! It is good to see him in podcasts and talking from different perspectives. My favourite book is Oversubscribed, because some concepts were counter-intuitive.
At 22:21 I would hesitate to negotiate with a 10 yr old kid because they might be eager to sell it and end up resenting you later. If the parents would have been financially sensitive, they would end up resenting you too thinking you took advantage because of the kid because the OG plan might have been that the kid just sells at the prices given. Ofcourse each kid is different. The other person IMO neednt feel embarrassed. Just wanted to put it out there.
Of all the podcasts I watched, from various podcasters, I must say, this is the first that contains credible solutions and a pathway to getting started. Really appreciate the contribution and inspiration
LAPS = Leads, Appointments, Presentation and Sales 1:09:45
Entrepreneurship is not a ticket to riches... It is a really good ticket to being stressed all the time! 😂 I had to pausr and compose myself
This was excellent! Thank you for giving us solopreneurs / entrepreneurs so much value. It’s often difficult to understand what the road ahead could look like. Having this framed is so valuable and allows me to plan and stay in my phase as I incrementally grow into the next one with a solid foundation behind me. ❤❤❤
Thank you Ali and Daniel for a great episode! 🎉
I have been in sales meeting with Daniel and I think he is one of the best to deliver value and have great energy! 🙌🏼😍
It is criminal that this conversation is free. Unbelievable fellas! Thank you. I honestly feel like I stumbled on a gold mine.
I've followed Dan Priestly for a while now and he is amazing. However I have to give massive credit to you for the line of questioning which opened Dan and allowed him to answear in a way that released the wealth if information this man carries
are u making 1 million $ per month
@@NostalgiaFmx close but not there
lol sure let's see some evidence @@adams3552
Great content. Listened all the way through and took notes;)
Its a pure masterclass from scratch! Thank you ali for having such conversations.
Great stuff! Greetings from Ghana! 🇬🇭
Humility SELLS! and IS winsome and attractive.
Blessed are the Humble = Daniel Priestley. It is refreshing to listen to/watch, an extremely successful, wealthy, and PROFOUNDLY WISE beyond his years person like Daniel; who treats others so kindly, is respectful, thoughtful, down to earth, and HUMBLE. NO WONDER... you are so successful!!
Your parents did an amazing job raising you Daniel (I DO NOT know a thing about your family upbringing and background. So, I could be mistaken and I am obviously uninformed. My apologies if so.)
Keep up the great work Daniel - You are a good man!
Great interview Ali - WELL DONE sir
I started a company with nothing but an idea.
Lost everything during covid. Pivoted. Built a proof of concept. Made my first sale. 18 months ago we opened our doors. Became the busiest axe venue in the country. Have had 70k customers. 75M views on social media. And already done 1M+ of revenue.
Its a fun story.
Good job man ! Could you maybe advise what are the first steps for someone who is fully committed to starting their own business soon but right now is clueless on what to do ?
@@marcingortat7389which type of business and what’s stopping you from executing ?
I was really moved by the childhood empowerment stories.Thanks for sharing. I don't have a childhood empowerment story and it makes me feel sad and totally empty inside. Thanks for the way you kindly dealt with the topic of people who don't have a empowerment story.
The guy just provided more value in one video than some MBA courses in months...some real 'wow' content here
Right 😮
Wow. My first time listening to Daniel Priestly, (Obvs heard of him), but my gosh he explains things perfectly. I am someone who switches off very quickly (admittedly, watched this in bites of 30 minutes when I got the spare chance), but, if I had more time on my hands I could’ve watched this in 1 sitting (which is a rarity). Anyway, lots of very VERY interesting things to grab hold of for anyone on their entrepreneurial or even Business journeys. Whether you’re thinking about it or you’re a seasoned pro there is something in this for everyone. I will also be using some of the examples, methodologies and anaologies within my own ventures/situations and clients. 10/10. I think Ali even learnt a thing or two here, also… just 1 last thing well done Ali for producing this, it’s very much needed and a valuable resource to anyone that comes across this. I will deffo be hitting the subscribe button now. 🎉
I need to listen to this on repeat at least 3 times. ❤
Dear Ali, thank you soooooo very much for making this podcast!!! It blew my mind and opened up like the 10th dimension!!! So much density of quality information for me! My biggest appreciation and vest wishes for your journey! Learning how to create my own business in art and entertainment.
Understanding the “J curve” volume businesses VS the “Sales business” concept was one of the biggest realizations/reality checks for me and my business and understanding how and why it takes so much to start and succeed certain types of business. Great Podcast, thank you Ali and Daniel!
Daniel is great! So many valuable insights for entrepreneurship, love it.
This is extremely helpful- I feel like this really expanded my mindset about my path. Thanks for doing this Ali!
This has been such an eye-opening deep dive; I am curious how I want to scale up my TH-cam channel and has given me food for thought 🙂👍