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$0 To $1M: The New Rules For Building A Thriving Business - Daniel Priestley - #946

Modern Wisdom

2025/05/26
Modern Wisdom

Modern Wisdom

2025/05/26

Shownote

Daniel Priestley is an entrepreneur, speaker, and author. We’ve seen more change in business over the last 10 years than in the 50 before it. From the rise of artificial intelligence to a total cultural reset. how do you adapt to the current landscape, and what timeless truths still drive lasting success? Expect to learn about the current state of the UK, what Daniel learned about his discussion with Gary’s Economics, the process for taking your business form $0 to $1M per month, how to get from $0 to $10k per month first, how to charge more for you business and how to sell it, where Daniel finds his source of happiness, which aspects of your business you should outsource to AI and much more… Timestamps: (0:00) Why Entrepreneurs Are Leaving the UK (04:07) Daniel’s Debate With Gary Stevenson (22:23) Employment Vs Ownership (31:34) Going From Idea to Business (38:11) Best & Worst Businesses to Start (41:28) Go From 0 to 10K a Month (46:12) Developing a Team of Staff (57:09) The Difference Between 10K/Month & 100K/Month (01:11:21) What Aspects of a Business Should AI Do? (01:13:23) How to Know When to Increase a Price (01:20:54) Knowing When to Let Someone Go (01:25:48) Selling Your Business (01:36:21) Making the Running of Your Business Fun (01:42:39) Starting a Family as a Business Founder (01:45:46) Building a Resilient Mindset (01:56:55) How Technology is Changing the Business Landscape (02:03:39) Where to Find Daniel Sponsors: See discounts for all the products I use and recommend: https://chriswillx.com/deals [https://chriswillx.com/deals] Get 35% off your first subscription on the best supplements from Momentous at https://livemomentous.com/modernwisdom [https://livemomentous.com/modernwisdom] Get 5 Free Travel Packs, Free Liquid Vitamin D, and more from AG1 at https://ag1.info/modernwisdom [https://ag1.info/modernwisdom] Get up to $350 off the Pod 5 at https://eightsleep.com/modernwisdom [https://eightsleep.com/modernwisdom] Get the best bloodwork analysis in America at https://functionhealth.com/modernwisdom [https://functionhealth.com/modernwisdom] Extra Stuff: Get my free reading list of 100 books to read before you die: https://chriswillx.com/books [https://chriswillx.com/books] Try my productivity energy drink Neutonic: https://neutonic.com/modernwisdom [https://neutonic.com/modernwisdom] Episodes You Might Enjoy: This Is How To Master Your Life - David Goggins - #577: ⁠⁠⁠lnkfi.re/SN-Goggins⁠⁠⁠ [http://lnkfi.re/SN-Goggins%E2%81%A0%E2%81%A0%E2%81%A0] How To Destroy Your Negative Beliefs - Dr Jordan Peterson - #712: ⁠⁠⁠lnkfi.re/SN-Peterson⁠⁠⁠ [http://lnkfi.re/SN-Peterson%E2%81%A0%E2%81%A0%E2%81%A0] The Secret Tools To Hack Your Brain - Dr Andrew Huberman - #700: ⁠⁠⁠lnkfi.re/SN-Huberman [http://lnkfi.re/SN-Huberman]⁠⁠ - Get In Touch: Instagram: https://www.instagram.com/chriswillx [https://www.instagram.com/chriswillx] Twitter: https://www.twitter.com/chriswillx [https://www.twitter.com/chriswillx] YouTube: https://www.youtube.com/modernwisdompodcast [https://www.youtube.com/modernwisdompodcast] Email: https://chriswillx.com/contact [https://chriswillx.com/contact] - Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Highlights

Entrepreneur Daniel Priestley discusses the current state of business, from the exodus of talent from the UK to the practical steps for building a successful company. He contrasts the challenges of a changing economic landscape with timeless strategies for growth, offering a roadmap for founders at every stage.
00:00
UK's entrepreneurial decline due to overtaxation and policy mistakes
17:46
The world is dividing into dirt and cloud businesses.
22:27
Entrepreneurship is a team sport.
34:02
If you can't get 150 people, the idea is dead.
38:20
Sell first, then deliver.
41:30
Entrepreneurship is a team sport.
48:49
Too big to be small, too small to be big.
57:09
Never let others cash the till.
1:11:21
Outsource business tasks to AI agents
1:13:33
Pricing is driven by demand and supply tension.
1:23:45
Hire an ops person to handle firing without emotion.
1:31:18
Most people should build a lifestyle business.
1:36:24
Build in type one fun and use small rewards.
1:42:41
Family is rocket fuel for success
1:51:14
He chose to see it as the best thing that happened.
1:59:56
Money's value is tied to status, not just survival.

Chapters

Why Entrepreneurs Are Leaving the UK
00:00
Daniel’s Debate With Gary Stevenson
04:07
Employment Vs Ownership
22:23
Going From Idea to Business
31:34
Best & Worst Businesses to Start
38:11
Go From 0 to 10K a Month
41:28
Developing a Team of Staff
46:12
The Difference Between 10K/Month & 100K/Month
57:09
What Aspects of a Business Should AI Do?
1:11:21
How to Know When to Increase a Price
1:13:23
Knowing When to Let Someone Go
1:20:54
Selling Your Business
1:25:48
Making the Running of Your Business Fun
1:36:21
Starting a Family as a Business Founder
1:42:39
Building a Resilient Mindset
1:45:46
How Technology is Changing the Business Landscape
1:56:55
Where to Find Daniel
2:03:39

Transcript

Chris Williamson: But yeah, it's interesting that some people coming out of the UK have sort of disproportionate results, especially given how poor the sort of entrepreneurial spirit is in the UK. Daniel Priestley: They tend to leave. Look, there's you, J...