Balancing Team Energies for Success

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Entrepreneurs are adept at assembling teams of people to achieve success. Starting with two-person co-founders or a founder with an assistant is beneficial. Following the British military's team building approach of two-person scout team, four-person fire team, eight-person section, and 30-person platoon can be a strategic scaling method. Consistency in hiring and working with successful individuals involves seeking complementary energies. This balance is achieved by combining visionary, implementer, connector, and finance/data-focused individuals within a team. Without this balance, value creation and retention may suffer.

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. He is the founder of Dent Global, an accelerator and venture studio, and the cofounder of ScoreApp, an AI powered marketing software.

In this conversation Daniel and Steven discuss topics such as, the entrepreneurs journey, struggling with mindset shifts when scaling a company, why passion is crucial for success in business, and how AI is changing the business landscape.

(00:00) Intro

(02:15) The Most Exciting Time Of History For Businesses

(04:22) Growing Small Businesses & Making Them Millions

(05:39) Can Anyone Be An Entrepreneur?

(06:20) How To Know If It's A Good Business Idea

(11:09) How Important Is Passion In Being A Successful Entrepreneur

(14:18) Don't Pursue Entrepreneurship For This Reason!

(22:42) How To Be A Visionary

(28:05) How To Be Great At Pitching Business Ideas

(35:46) The Magic Of 'With Or Without You' Energy

(41:17) The Steps To Know If It'll Be A Good Business

(49:43) Fear Of Failure