Business Tips to Learn from “The Wolf of Wall Street"
“The Wolf of Wall Street” is an exciting and engaging movie. There are a few tips we can all learn from the movie to start and run a successful business:
1) Believe in your ideas and find creative ways to implement them.
An innovative entrepreneur can pick young, ordinary people and teach them business language. When you don’t have the necessary resources to hire experienced talent, all you need to do is to develop a training roadmap. You can then hire inexperienced and less expensive talent so you can teach them to walk the talk.
2) Wealthy people enjoy gambling. Go after the big fish!
Many business owners are scared to market to wealthy people. However, if you present your product in an eye-catching way, you can attract the rich to gamble on your ideas. Remember to use simple language to explain your services. Dress for success, even if that means over-dressing.
3) Establish and guard your reputation.
You’re only as good as your reputation. Think of ways you can differentiate yourself. As a leader, all eyes are on you. Your attitude determines the company’s culture. Develop an army of loyal and committed employees and hire people more talented than you. Protect your secret recipes and learn from the history of your niche market.
4) Hire opposite personalities and keep others dependent on you.
If you’re just starting a business, it’s a great idea to hire your trusted friends. They are more likely to give you honest feedback. Learn about DISC personality profiles. Hire “D” personalities for management, “I” talent for sales, “S” employees for the support team, and “C” individuals for quality assurance. Delegate the mundane tasks, but keep the key information just to yourself.
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She has a Master's in Genetics Counseling, and a Bachelor's in Microbiology. She's completing her PsyD, Doctorate in Clinical Psychology at California Southern University.
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She is a Life Coach, Health Coach, and a Career Coach.