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Six business lessons from The Wolf of Wall Street - remarkably there are some - SmartCompany

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https://www.smartcompany.com.au/people-human-resources/leadership/six-business-lessons-from-the-wolf-of-wall-street-remarkably-there-are-some/

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Six business lessons from The Wolf of Wall Street - remarkably there are some - SmartCompany
The Wolf of Wall Street film is an intoxicating mix of seedy stock market practices, suave sales techniques, charismatic but corrupt businessmen and mountains and mountains of cash. Leonardo DiCaprio plays Jordan Belfort, the infamous Wall Street stock market guru who built an incredible fortune selling penny stocks and laundering money, before facing the wrath of the FBI, prison time and millions of dollars in fines.

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The Wolf of Wall Street film

Leonardo DiCaprio plays Jordan Belfort, the infamous Wall Street stock market guru who built an incredible fortune selling penny stocks and laundering money, before facing the wrath of the FBI, prison...

115 SAVES


Eat your pride and start from scratch

Belfort's career started at a high-flying stock broking firm, but when it crashed he found himself at a dodgy local operation that sold worthless ‘penny stocks’ in companies unlikely to succeed.

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Have passion

DiCaprio’s portrayal showed how much Belfort loved his industry and was intensely motivated to sell and succeed. 

If a business owner channeled passion like this in a legal way, there...

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Nail the sale

DiCaprio's Belfort could sell anything – from someone’s own pen back to them, to stocks in a company that barely existed. 

The art of building a rapport with a client, enlisting their...

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Hire on potential

Donnie Azoff wanted to work for DiCaprio’s Belfort, despite having no experience, but Belfort spies his hunger for money and takes him on. He trains him to lead a ‘wolf pack’ of hard-hitting sales ...

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Staff incentives help loyalty

Although efforts for staff incentives by DiCaprio’s Belfort are not appropriate, he did aim to build camaraderie and reward success. 

In turn, this fostered loyalty in his team, which...

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Give a winning speech

DiCaprio’s Belfort had the art of a captivating monologue down pat. He revelled in showing his passion, motivating his team and twisting a bad scenario into something uplifting.

Being a p...

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SIMILAR ARTICLES & IDEAS:

Top business lessons to take away

Top business lessons to take away
  • Have a vision in mind, and let that steer your decisions. Belfort didn’t get rich by accident.
  • Sell Yourself. Belfort acted powerful and wore fancy suits, and p...

The Wolf of Wall Street

The film stars Leonardo DiCaprio as Belfort, a New York stockbroker who runs a firm that engages in securities fraud and corruption on Wall Street in the 1990s.

Life lessons

  • Sex matters. In all aspects of our lives, it's good to ask, "what does sex have to do with it?"
  • Sex can be as addicting as cocaine. "When our desire for 'more sex' interferes with our family or professional lives, we are looking for love in all the wrong places."
  • Many of us settle for sex when we're really looking for love.
  • There is a strong drive to be part of a male tribe.

  • The same forces that bring us together within a tribe often pit us against other tribes. "For humans there is always a selfishness at the group level. Humans nearly always put Us ahead of Them."

  •  The way we treat "them" is the way we ultimately treat ourselves. 

    Truly, what goes around, comes around.

Jordan Belfort's life

... was modelled by Leonardo DiCaprio in the 2013

Lessons from the real Belfort

  • The importance of thinking big. "Belfort thinks very big, he talks in very big numbers."
  • The dangers of instant gratification. "people say ‘well instead of an inch how can I get a mile,’ and often times they’ll sacrifice honesty, integrity, whatever it is within their moral compass that will allow them to get there quickly.”
  • Most people will go through a disassembling.“If you aren’t experiencing pain you don’t question reality and seek different ways of going about things.”
  • Whatever it is that disassembles is typically linked to our highest values. For example, if money is of the highest value in your life, as it was for Jordan Belfort, the ego around money must dissolve. Same goes for relationships, or whatever you value most in life.