The Business Expert - I Made MILLIONS At 21 With “Zero Skills” (Daniel Priestley) E026

Daniel Priestley, a top-tier entrepreneur, best-selling author and international speaker, earned his spot among the UK’s Top Business Advisors by Enterprise Nation. From scratch, he built a multimillion-dollar business empire spanning Australia, London and Singapore. Drawing from mentorship and collaboration with the world’s most accomplished figures, Daniel unveils the core skill sets that separate the top entrepreneurs and leaders. Tune in for the next two hours as Daniel reveals the secrets to his monumental success, offering key insights into growing a business, investing and more.

0:00 Introduction
2:20 Background in entrepreneurship: dropping out of university & earning “millions by 21”
9:30 Losing a $14 million dollar offer & the importance of having a business mentor
14:35 Luck & the first crucial steps to entrepreneurship
18:36 Moving to London & how the crash of David’s business lead to monumental success of 9 businesses
28:14 The fundamentals of starting a business (10 ideas, bell curves & the power law)
38:00 The four strategies of testing a business idea
44:20 The “entrepreneur seat” - the eye opening mindset for building a high-level business
52:00 The psychology of consumerism & how to increase your business sales
59:40 Products & services don’t make money, this does.
1:05:44 Working out your business vision & David’s thoughts on the supplement industry
1:09:14 Standing out from the competition with “superpowers” & the importance of KPIs in your business
1:18:20 Running a business as an influencer (monetising your name)
1:21:50 The difference between equity and shares
1:23:15 Starting a business with a partner & how relationships “screw up” alignments between co-founders
1:27:40 The life-changing event of having children
1:30:00 The value of writing & reading books
1:35:10 Organisation
1:38:55 Calculating risks, buying & selling companies and managing your money
1:46:25 Maturing & expanding into new industries
1:52:30 The rise of AI
2:02:25 Everything happens for a reason & dealing with difficult times

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Website: https://danielpriestley.com/

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