Learn more about personaldevelopment with this collection
Ways to counter the Great Resignation
Strategies for making better decisions
Tips for giving effective feedback
Building a company culture
Social gatherings are a great way to build company culture. Stratton Oakmont was extremely creative about the events that they had. These activities created a stronger bond between people at the company and offered a fun, social outlet.
Company get-togethers do not have to be as morally wrong as Stratton Oakmont's were to accomplish the same thing. Rather, it takes extra creativity and effort from a company.
143
519 reads
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Quitting while you are ahead
Sometimes it makes sense to quit while you are ahead. Jordan Belfort had an opportunity to step back and walk away from the negative company culture. He let the comradery and the instant gratification outweigh the right decision to let someone else take over as CEO.
Sometimes, the best c...
133
473 reads
Sacrificing money or success
Be careful about what you are sacrificing for money or success. Jordan Belfort became an entirely different person once getting involved in Wall Street. He hurt the very people that he cared about and who cared about him.
It can be tempting to make bad decisions for instant gratification...
162
536 reads
Take life a little less seriously
Belfort and Stratton Oakmont made so many crazy decisions. While they paid the consequences for those choices, and this is by no means worthwhile, they also had a ton of fun.
Running a company is extremely challenging. Therefore, it is crucial to enjoy the journey. Constant stress just makes it...
140
513 reads
Pros and consof a competitive or intense company culture
Belfort's employees worked extremely hard due to Stratton Oakmont's culture. This effort led to high output and a high standard of work. On the other hand, people made moral sacrifices for achievement.
When there is such a high degree of intensity, especially with money involved, people ...
128
457 reads
Being friends with your employees
... means they will do anything for your company.
Belfort had strong individual relationships with his employees, outside of the context of work. This led to more respect for him and a higher willingness for employees to make sacrifices for the company.
190
989 reads
Do not rule someone out
... because of past issues.
Jordan Belfort took a chance on a handful of employees that were in dire situations. Despite past misconduct or lack of experience, he looked at personality and work ethic when making decisions.
As a result, he hired many of the "wrong types" of people. Th...
161
631 reads
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Pros and consof a competitive or intense company culture
Belfort's employees worked extremely hard due to Stratton Oakmont's culture. This effort led to high output and a high standard of work. On the other hand, people made moral sacrifices for achievement.
When there is such a high degree of intensity, especially with money involved, people ...
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