Daniel Priestley
@DanielPriestley
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Founder of @DentGlobal & @itsScoreApp | Entrepreneur of the Year | 6x business books | Multiple 7 & 8 figure ventures/exits | Mission to develop entrepreneurs.
London, England
Joined August 2008
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The DOAC episode I did with
@StevenBartlett
just hit 2Million views on YouTube. It’s one of the top performing episodes focused on business/entrepreneurship...
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If you’re a UK citizen, did you pay £17,000 in taxes last year? If you’re a family of 4, did you pay £64k of taxes as a household?
If not, someone else did on your behalf. A tiny group of people (1%) pay about 30% of the income taxes.
This tiny little group of Brits aren’t
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@truck_puncher
The solution is more people who earn more money, not making people with money want to leave.
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@lloyd_dennis8
Yes. Put another way, high earners create additional jobs too. A Dental Surgeon has dental nurses and admin assistants working when they are working. But, if that high earner leaves so do the other jobs.
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Recently I’ve been engaging with people who feel rich people are the problem in the UK. They have a lot of negativity towards anyone earning a lot, owning/running a business or holding assets.
There are 3 ideas people seem to come back to:
1. - Workers earn what employers will
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The
#entrepreneur
journey is predictable- mostly struggle & pain unless you hit "lifestyle" or "performance".
http://t.co/ors4zwaJrz
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You cannot consume your way to success.
No amount of reading books, listening to podcasts or attending events will be worth as much as something you create and put into the world.
Write, record, produce, design, sell, ship, upload, send.
You must create.
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Here's a talk I gave on setting up a successful scorecard campaign for your business ...
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@hughosmond
You tell everyone that the 1 customer who pays 30% of the pubs revenue isn’t doing enough.
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@Nigel_Farage
@JuliaHB1
Farage 101:
Step 1: Spend 20 years campaigning for something that’s nearly impossible to implement.
Step 2: Spend no time considering how to implement.
Step 3: Criticise the implementation of said idea.
Step 4: Get a job on radio. Tweet a lot.
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Why is the UK so much less productive than the USA? Especially since the early 2000s? What do US workers have that the UK workers lack??
One answer is incentives … or more to the point, disincentives!
In the UK the marginal tax brackets jump wildly. You pay zero tax on about
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Taxing citizens more leads to lower amounts of tax collected.
When taxes are too high people either move or become less incentivised to work. Here's two real life examples:
- I have a friend who is a Dentist. He has deliberately capped his income at £100K because of high
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This guy switched from Wix to ScoreApp and explains in detail why…
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I’m back in the hot seat with
@theChrisDo
talking about performance marketing and lead generation.
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@hubermanlab
@sleepdiplomat
Do these special guests know about the other 5 episodes you’re producing?
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@petergyang
Just like Kodak was safe from digital cameras because they were a bit grainy in 2003.
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The
#entrepreneurs
journey is predictable. It's mostly struggle and pain unless you hit "lifestyle" (3-12 people) or "performance" (50-150). Accelerate through the stages - establish value, gain influence, get oversubscribed, formalise your assets...
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Great entrepreneurs use this technique to launch a new product or service (or refresh an existing one) - a waiting lists or registration of interest designed to build demand.
In this quick video, I share with you how to quickly implement this (using a template) to massively
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@MarioNawfal
@elonmusk
It's always cute when reporters think they'll easily run rings around a guy who gets bored launching rockets and reinventing cars so he buys a high octane social network as a fixer-upper.
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The UK is in dire trouble. We've had three strikes. Let me look at the UK through the lens of an entrepreneur...
1. Core product
2. Positioning
3. Talent
Prior to 2008, the UK had a clear core product, a strong position and the ability to attract talent and then it
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@BladeoftheS
This is so stupid. Do people really fall for this?
The richest 1000 people in the UK are on a list called the Times Rich List. Collectively these people are worth £795Billion. This "net worth" is mostly a calculation based on the total value of their businesses.
The UK
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@Sandford_Police
Be careful, this van is part of a global gang of parked, empty vehicles that are positioned in places where people not paying attention can crash into them. I witnessed hundreds of them loitering around a supermarket!
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My experience of farmers is that they are decent, sensible, hard working people.
These are the entrepreneurs that all other citizens rely upon. If they say there’s a serious problem, we all need to pay attention.
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A team of 4 has 6 “lines of communication”. A team of 12 has 66. A team of 50 has 1225 lines of communication. The key to exponential growth is overcoming exponential complexity.
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The best entrepreneurs pitch their ideas with a secret ingredient called "with-or-without-you energy".
This is how you get through to people who get pitched all the time.
(For the full DOAC episode with
@StevenBartlett
- )
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@evanstnlyjones
@esthercrawford
I fondly remember pulling all nighters with my team in the early days. It created such strong bonds and memories. It’s exhilarating to be part of something meaningful that takes every inch of you to achieve. Well done 👏🏻
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Cold-outreach sucks but it's how you get a business started when you don't have a big budget or a brand to work with...
(Check out the full episode with
@StevenBartlett
- )
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Here's your complete step-by-step guide to launching a Waitlist Campaign.
A Waiting list is one of the most powerful campaign tools (especially in January). Rather than asking people to buy, you ask them for signals of interest.
It's never been easier (and more fun) to launch
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WHO mental health warning - stop watching the news so much...
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The rules of our economy have shifted.
Economics says value or output arise from four factors - land, labour capital and enterprise.
As technology progresses, the mix of these four factors shifts wildly.
During the Agricultural Age, wealth was largely dependant on how much
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Entrepreneurs often think...
"I need a bigger audience"
"My customers are busy and don't have time to research products and services"
"My audience hate giving out their data to companies"
The reality...
- You only need a small audience (of the right people)
- People will take
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@Mel_B_TrainPics
@cheshirepolice
You’re not in control of the situation. You might be able to control the car … until an obstacle appears out of nowhere.
On a racetrack you are in control because it’s a controlled environment.
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@profgalloway
Specifically what is it that upsets you about Elon with Twitter? Twitter was losing $225m per year and he’s attempting to turn it around. I’d love to know exactly what he’s done to make you this riled up.
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There are people trying to convince you that:
- you have to maintain work-life balance or you'll experience "trauma" (not making this up)
- working long hours is the worst thing you could do
- it's unnatural to want to work
- you can become highly productive by working a lot less
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People who leave corporate jobs to start a business...
Birds are fed by their parents in their infancy. When the time comes to feed themselves, there can be some confusion when the food does not go into their mouth by itself.
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Just read the comments and there are 3 ideas people seem to come back to:
1. - Workers earn what employers pay them.
2. - Rich people avoid taxes through dodgy tax schemes.
3. - Wealthy people have so much and we could run the economy if we just take it from them.
Let's
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Around the world school starts:
Age 5 -12%
Age 6 - 66%
Age 7 - 22%
Kids who start school later outperform the ones who start school younger and they are happier, fitter and more social.
The UK decided the school age (5) in 1866. We need to rethink it.
@Keep_EYs_Unique
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Each UK citizen has £40k of government debt attached to their name but how is this possible?
When a government wants to spend money they don’t have, they go to the Bank of England
and say “can you create a financial product called a bond so we can borrow more money?”.
If the
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@BladeoftheS
So will footballers get £100 per hour when they play in stadiums where popcorn sellers get £10 per hour?
Will the CEO of Tesco who’s responsible for 250,000 emplyees and £1B a week in revenue do this job for £70 per hour because of what someone who’s stacking shelves gets? Or
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3 years ago a client was struggling financially and couldn't make payment. We ended up writing it off. He just got in touch to say his business is doing better now and he wants to voluntarily pay the full amount - now that's classy!
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Your first boss is more important than your first job.
The right boss at a young age can change the entire direction of your life.
It’s almost irrelevant which company or brand you start with but choose that first boss wisely.
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I met a guy last week who has 225 members paying £39 a month for access to 4 live weekly q&a sessions relating to a technical role.
Tuesday morning and afternoon. Thursday morning and afternoon.
90 minute sessions delivered on MS Teams. Average call has 5-10 people.
He does
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The majority of business and entrepreneurship influencers don’t have kids.
If you do have kids, please don’t compare yourself to people who don’t have these additional responsibilities.
While you are doing the school run, they’ve already had an hour of uninterrupted
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@GadSaad
Does capitalist democracy still work?
What if Canada conducted an experiment where they dismantled it just a bit to see if things got better or worse… oh wait a second they did! And it it turns out that if you mess with capitalism, free markets and democracy your society gets
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I am super excited to announce our partnership with Netflix to create the greatest business show ever.
Contestants transform from being good at what they do to becoming the most known, liked and trusted in their industry. Watch as they sign deals, publish books, pitch big ideas
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UK Track and Trace for £12B! ... That’s £200 for every person in the UK. Can you imagine if that money had been deployed to several proven entrepreneurial teams rather than Serco/Deloitte?? The UK would have had a working system and also several iconic unicorn companies.
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Ever noticed how so many successful people say they worked insane hours for years before burning out and then finding a better balance.
They warn young people about the folly of losing work life balance. But here’s the rub, if you ask them if they’d have become successful
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@guardian
She’s only sold 2Billion copies of her books. What would she know. Lucky we have some unknown geniuses to come along and fix her work. While they’re at it, give them some paintbrushes so they can improve the Mona Lisa too.
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Every country has two economies.
1. The real economy - businesses, non-government workers, charities, etc
2. Government spending - any economic activity made possible by taxing the real economy or raising debt that can be serviced by the real economy.
Imagine a house where
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Love these new anti-pollution plan walls in London. Each wall has the air-cleaning capability of 275 regular trees, making them an extremely powerful tool for improving air quality, especially in polluted areas where it wouldn’t be possible to plant such a large number of trees.
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On the tube to my left, a 25yo man reading a professional development book. To my right, a 25yo man playing a kids game on his Phone.
Life’s not fair but we all make choices.
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@Austen
If you are currently 16 and wondering why you aren't a billionaire... take heart, it's not too late! 👆🏻
***On a serious note, the average age of a founder who builds a valuable startup is actually 42.
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Entrepreneurs who have “fully automated” their marketing…
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What causes inflation?
An increase in the supply of money relative to productivity.
SO… If a government pumps a bunch of money into an economy but the productivity of that economy doesn’t grow, you get inflation.
Stay with me here…
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If you operate on a bell curve, you should try to become successful. If you operate on a power-law, you should try to make failure fast and cheap so you can have more attempts.
Being a Doctor produces a highly clustered set of outcomes that fits on a bell curve - some Doctors
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Real-life pictures of Entrepreneurs getting through 2020...
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The UK economy is now 45% government spending.
It’s not a real economy. It’s a fake economy propped up by exuberant government spending programs.
Imagine a family with one earner who pays pocket money to the rest of the family. The pocket money is only possible because of the
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Why is everywhere going to 💩? What the heck is happening economically?…
PS: on a separate note, my DOAC episode with Steven Bartlett goes live on Thursday now.
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Here's your step-by-step guide to launching a Waitlist Campaign.
A Waiting list is one of the most powerful campaign tools (especially in January). Rather than asking people to buy, you ask them for signals of interest.
It's never been easier (and more fun) to launch this
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@DanielAndrewsMP
There's plenty of things kids should be learning about that take priority. Why not story time with a person who has a disability? Why not connect the elderly community with kids? How about getting kids to understand farming and rural activity? Why on earth do we need to send kids
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Microsoft released Windows when it was 18 yrs old. Lego was 23 when it launched the brick system. Rolex was 23 when it sold the Oyster Perpetual. Disney was 32 when it opened opened the first theme park. Nike didn't crack $1M Rev until year 10. Cut yourself some slack.
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I find it strange that people seem to find nothing wrong with a footballer earning £5M to kick a ball but hate the idea of a CEO getting £5M a year to run a 10,000+ person organisation. Why is that?
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One of the most shocking and weird things I see ALL the time from entrepreneurs is a failure to simply repeat what works.
Let me give some examples:
- a guy posted 3x a week on LinkedIn and built a 1000-person email newsletter. Then stopped posting.
- a woman I met signed
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After an 11 year bull-run with wealth flowing to the top, how are so many companies broke after 2months of disruption.
New rules:
Any jerk can be a ceo in a bull run.
Share buy-backs aren’t clever.
Telling poor people to be more responsible with money is no longer allowed.
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@MysteriosoX
1. Tipping - for goodness sakes, just pay the damn waiters.
2. When you rent a hotel room and the price listed is a fraction of what you actually pay.
3. Ambulances and emergency healthcare really shouldn’t be a business.
4. Normal side streets don’t need to be 4 lanes
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My friends son hated school. He failed every subject and got labelled every pejorative in the book. Lazy, unfocused, slow to learn, unproductive, distracted, etc etc.
He finished his final year feeling like he didn’t have a bright future.
Then he discovered cheffing- turns
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Entrepreneurs need to fail fast and cheap while they discover what adds value and scales.
The best "low-cost experiments" are:
- Waiting List / Registration of Interest
- Online Assessment
- Zoom Workshop
- Common Interest Discussion Group
Use the free templates at
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I don’t normally weigh in on politics but here’s a thought...
Being loyal to a political party makes no sense. The most rational position to take in politics is to be a swing voter, completely undecided until presented with options. It’s not a football team, it’s policy.
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Entrepreneurs who chase hacks, funnels, passive income, automation etc end up stuck, struggling, losing money and wasting time.
Those who seek to enhance value, serve more, do an amazing job, deliver remarkable results and solve hard problems end up with great businesses.
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1. Let businesses keep their VAT payment. It’s already proportional to business size and would avoid admin.
2. Give all businesses an overdraft the equivalent of their last month of revenue.
3. £500/ Employee:month payment to encourage businesses to hold on to their people.
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A client just told me his personal take-home income has jumped from £55K to £162K in a year ... Because of what he's put in place from the Key Person of Influence Accelerator (That put's him in the top 1% of earners). This is why I love my job :)
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I have a heavy heart today. 5 members of our tech team in Ukraine are awaiting instructions on what to do next - young men who are amazing, talented coders who may be asked to go and pick up a gun. What a senseless backward step. Hoping that peace is restored quickly.
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Disney+ has signed up 30M subscribers in 5months. That’s about a £1.77B a year business created from their existing content.
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@FreddieBailey96
Left ...
- call things "free" that are actually "tax payer funded" or "debt funded"
- pretend governments can fix things that they never do
- force solutions onto people that they do not want
- reduce incentives for individuals to solve problems for themselves and improve
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I find it slightly odd when:
- Branding gurus don’t have a powerful brand.
- Leadership gurus dont have a team.
- Marketing consultants go networking for clients.
- Strategy consultants aren’t terribly strategic.
Am I being to harsh?
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“The UK is expected to see an unprecedented net loss of 9,500 millionaires in 2024 — second only to China worldwide, and more than double the 4,200 who left the country last year, which was itself record-breaking following the exodus of 1,600 high-net-worth individuals (HNWIs) in
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Exactly one month ago this episode of DOAC went live with
@StevenBartlett
and I talking business and entrepreneurship.
Since then:
- 1.5M views on YouTube + 1.5M more on other platforms
- An uplift of over 3000 accounts on
@itsscoreapp
- Over 3000 extra people booking into
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I just saw someone* say that it’s important to maintain work/life balance when starting a business. 😂😂😂😂
*who’s not built a business.
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A career is replaced by a personal brand.
An employer is replaced by:
- 100 subscribers who pay $89pm
- 10 agency clients who pay $10k per project
- 4 consulting gigs paying $2100pm
Job security is replaced with a waiting list and a database of 5000 email addresses.
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Yesterday I heard about a corporate that has stopped using the word “brainstorming session” because it might be triggering and insensitive to people with mental health issues.
So many questions…
- if someone can’t handle hearing the word “brainstorming” are they fit to be at
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Tomorrow marks 100 days of being on f*cking lockdown - spending about 23hrs a day, 7 days a week under the same roof. 😫😫😫
Anyone else over it?
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Most advice on success is silly.
-"90% of success is showing up"... tell that to a cab driver who has been working 6 days a week for 30 years.
- "work hard and the results will come" ... tell that to a bricklayer
- "Think big!" ... tell that to the broke actors who are
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I see a lot of people aiming to read a book per week in 2019. This is nowhere near as powerful as reading just one book in 2019 but doing what it says. I personally can't get past
@RayDalio
's Principles and will spend much of 2019 rereading it and putting the ideas to work.
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Right now, somewhere in the world, a small group of rebels and misfits are planning the launch of a business that will stand out, scale up and make a massive dent in the universe.
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You can not become financially independent in a high tax country.
You are either dependent on the state or you are a slave to high taxes.
Especially in a globally competitive economy, you can not get the momentum you need to build a growth company or to accumulate investments
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What's it like being on DOAC with
@StevenBartlett
?
Some headline numbers:
- In one week the episode was seen by 800K on YouTube and about 400K on Spotify.
- We’re getting an extra 200+ new signups a day for ScoreApp
- 1700 extra people booked onto live Zoom workshops I had
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