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A Multi-Millionaire's Advice on Starting a Business #shorts

2023-01-04 · Short · Ali, Daniel Priestley · recording, 1:00 · watch on YouTube

Topic: Business and entrepreneurship · mode: Conversation and interview

In a clip from a conversation with Ali, Daniel Priestley advises anyone who wants to start a business to first spend two years working inside someone else's small business, where you see how the whole company works.

What is said

The parts of the video and what is said in each (★ — how much it matters to the video).

00:00:00 — Ali asks Daniel Priestley what every entrepreneur should do before starting a business

  • ★★ Daniel Priestley says many young people are funnelled into big corporates because only big corporates exhibit at careers fairs, and in a big corporate you have no idea what the whole business or everyone else does. — 00:00:00

00:00:06 — Join someone else's small startup for two years first

  • ★★★ Daniel Priestley recommends that anyone who wants to start a business first spend two years working inside someone else's small business. — 00:00:29

    “first do two years working inside somebody else's small business”

  • ★★ Daniel Priestley says that in a business of four to six people you know exactly what the whole company does and often know its revenue, its profit and the weekly activity of the entire team. — 00:00:29

In the description and comments

  • ★ Ali Abdaal (channel): Asked where to find startups to join, the channel suggests searching Google, YouTube and LinkedIn and following people online to see whether they post jobs. — creator comment

Threads in this video

Mentioned

Central: Daniel Priestley

Also centred on Daniel Priestley: I Asked 15 Experts For Life Advice. Here's What I Learned. · I Asked 5 Millionaires for Their Best Financial Advice · 5 Steps to Start Your First Business · 7 Life Lessons School Didn’t Teach You

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