The Money Making Expert: The Exact Formula For Turning $100 Into $100k Per Month! 10x Your Income Without Working Harder! The Waiting List Hack That Will Make You Millions!
The Diary Of A CEO with Steven Bartlett
February 22, 2024
There has never been a better time to be an entrepreneur, but what is the first step? Daniel Priestley is an award-winning serial entrepreneur who has built and sold several successful businesses and written 5 books on starting and scaling businesses.
Speakers Daniel Priestley, Steven Bartlett
TopicsBusinessSociety & Culture
Daniel Priestley (0:00)
I've started seven businesses that have gone zero to a million in their first 12 months, three businesses that went north of 10 million. But here's a crazy thing, anyone can do this. And I'm going to take you step by step through the best ways to start making life-changing amount of money.
Steven Bartlett (0:12)
Daniel Priestley, money and business expert.
SPEAKER_3 (0:14)
That's helped thousands of people start, scale and grow their own multi-million pounds businesses from scratch.
Daniel Priestley (0:20)
These are the best ways to start a business. We start with an idea, but we need to sharpen our ideas in the market, not in our minds. I see so many people, they raise money, book an office, buy computers. But after all of that, no one's interested in their idea. So we have to conduct tests where we fail fast and fail cheap. For example, waiting lists is one of the fastest ways to test an idea. And this is what really smart entrepreneurs do. Like Elon Musk launched a waiting list for the Model 3, he launched a waiting list for the Cybertruck, validating the idea. In fact, Rolex had a massive breakthrough when they stopped selling Rolexes and they started selling the waiting lists. But if it's crickets, OK, fair enough, let's have another idea.
Steven Bartlett (0:55)
But what if someone steals my idea?
Daniel Priestley (0:57)
Ideas aren't worth anything. The value is for the person who does it.
Steven Bartlett (1:00)
What are the fundamentals of being an exceptional salesperson picture? First, you will have to use the business as a team sport. Is there anything you found that is consistent across all of the best people you partnered with?
Daniel Priestley (1:10)
So here's what I'm looking for, and there's a lot more to go through. But one of the other strategies for building a business is, and that should get you into the six figures of revenue just by doing that.
Steven Bartlett (1:20)
It's shocking because it's so simple. Let's talk about money.
Daniel Priestley (1:23)
Let's talk about it.
Steven Bartlett (1:24)
If someone's out there and they've got a hundred pounds or a thousand pounds worth of disposable income, what should I be thinking about to making myself financially free?
Daniel Priestley (1:32)
The truth is that there's incredible wealth to be created. And one of the biggest opportunities in the world at the moment is...
Steven Bartlett (1:47)
Daniel, if someone has just clicked on this podcast, can you tell me the reason why they should stay around and listen and what you think they're going to get from this conversation?
Daniel Priestley (2:00)
I think we're living through the most incredible time in history. Never before have people had the opportunity to build something that is a global business, full of fun, freedom and flexibility, full of passion and purpose.
Today, that is accessible to almost anyone who would be listening to this podcast. The Baby Boomers, they got access to affordable housing. We get access to affordable global small businesses. Now, the entrepreneurial journey is scary to a lot of people. But if you conduct the right experiments, have the right mindset, follow the right process, it's really predictable and safe for people to get involved in entrepreneurship. I think anyone who's listening to this is going to see that it's a lot more process driven than they think, that we can go step by step to build a business that you absolutely love.
Steven Bartlett (2:47)
On the other end of this conversation, in an hour's time or two hours time or whenever this podcast finishes, what are they going to have that they didn't have before this conversation?
Daniel Priestley (2:57)
We're going to talk about the entrepreneurial journey as a set of steps, predictable steps, and they're going to be able to have a map of how do you move through that entrepreneurial journey? What do you do first? What do you do next? How do you go to the next level and scale up and who do you contact? It's based upon literally coming across thousands and thousands of entrepreneurs at each stage of the journey. Ideally, what I want people to walk away with is just that clarity around how this entrepreneur thing works.
Steven Bartlett (3:23)
Who are you? What's your experience?
Daniel Priestley (3:26)
My background is over 20 years of entrepreneurship. I started my first company when I was 21 years old. I did two years working for a mentor from 19 to 21 We built a business from scratch to millions of revenue. I then left that mentor. I went out on my own and started my own first small business. It grew very rapidly. We went from zero to a million in the first year and then 10 million in year three. I started seven businesses since that have gone zero to a million in their first 12 months. I've done three businesses that went north of 10 million.
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