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 would be no stopping them.
MORE IDEAS FROM THE ARTICLE
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 confidence and making them feel positive about a purchase is a skill all business people can learn.
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. Not perturbed, he fearlessly built a livelihood from scratch.
DiCaprio’s character can teach us a few things about the right and wrong ways to do business.
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 should be the aim of any business owner.
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 gurus.
This becomes his hiring technique – gathering people with potential rather than impressive CVs.
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 polished public speaker, good staff motivator and being a face of a business are all elements a business owner can take away.
RELATED IDEAS
- 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 people saw him as confident and successful.
- Find A Specialty.
- Adjust And Perfect Your Strategy, Then Keep At It. Belfort came up with a strategy that worked for his target demographic, and he tweaked it until it worked perfectly.
- Train People Well. He was able to train otherwise clueless people to sound like knowledgeable and experienced stock brokers.
- Try, Try Again. Even Belfort managed to bankrupt his own small business before he went to Wall Street.
- Provide A Solution. As Belfort himself explained, “At a certain point, one of the questions I always ask is, ‘What is your greatest headache right now?’” Find out how you can help your customers and then do exactly that.
- Keep Employees Happy.
- Take Your Time if you’re offered a deal and you’re hesitant.
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.
... 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.
❤️ Brainstash Inc.