Important Financial Lessons to Learn From the Wolf of Wall Street And Change the State of Your Bank Accounts!
Martin Scorsese’s film The Wolf of Wall Street is a biographical tale of Jordan Belfort, a convicted white-collar criminal. He transformed his fortunes through security frauds and market manipulation, ultimately changing the standing of his company.
He sold blue-chip stocks, penny stocks, and IPO stocks to change the fate of his company. The book, and consequently the movie, The Wolf of Wall Street, included some pretty amazing and crazy ideas that could serve as an inspiration board for newbie entrepreneurs. There are some key takeaways to building a great organization and keeping it right there at the top. Here’s how it is done!
Implement the Idea
Jordan Belfort, played by Leonardo Di Caprio in the film, Stratton Oakmont’s success story included two basic facts. One – teaching the young and inexperienced people how to add a professional touch to their voice. Two – to come across as a professional stockbroker over the phone.
They went on to entice the gambling instincts of people and turn them into a legitimate business opportunity. While there had been other people on Wall Street who nursed the same idea, it was Jordan Belfort who was the first one to implement it.
Simple Yet Effective Ideas
Belfort was magically able to transform the young, uneducated people into seasoned stockbrokers. He was able to succeed because he could dole out his knowledge into simple instructions so that everyone would understand. As Jordan Belfort says, all you have to do is keep it simple, show up, follow up, and stay loyal to the owner, and you would certainly become rich.
A Loyal Team Can Chalk Out the Path to Success
A loyal team consisting of people such as Kenny Greene and Danny Porush will definitely help you reach your success goals. Fiercely loyal people will stick by you in good and bad times. They are the key elements to becoming rich and successful.
Your team may not have the smartest people on board, but if they are reliable, you can always count on them. You need people who are unlikely to backstab you but also be able to tell you when you go wrong.
Dress to Impress
Act what you want to be. Yes, sometimes looking proper can get your job done. So dress well and add to your charisma and confidence. So often people ignore this vital piece that holds it all together. Take a leaf out of Jordan Belfort’s book and hire a guy who makes tailor-made suits for you. Well, you may not hire a tailor, but dress well so that you make a favorable impression on the person you meet for business. Your attire should let the other person know that you mean business.
The Life Lessons Beyond the Business Lessons
Don’t take life too seriously – a key takeaway from The Wolf on Wall Street. Belfort and Stratton took many crazy decisions in their path towards success. While they definitely had to pay for some of the decisions, they still enjoyed the experience. Running a company isn’t easy, however, it is not always the destination that counts but also the journey. Don’t stress too much or it will completely ruin the adventure.
Learn From the Past Mistakes
Jordan Belfort once famously said that he is a student of history. He and Roland believe that if you do not learn from the past mistakes, you are bound to repeat them, ruining your financial career in the process. You need to study the past events and the people who were able to achieve great milestones. This way, you can focus on the mistakes they made and try to avoid them on your journey. Learning from them and improvising will help you concoct the perfect battle plan for your own idea.
Now we know The Wolf of Wall Street is full of so many important business lessons that it can truly make a successful entrepreneur out of you. It’s not just a film, but an amalgamation of brilliant ideas that can set you thinking and you can implement the same in your real life!
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