On May 27th I attended Jordan Belfort giving his seminar The Truth Behind The Success Of The Real Life Wolf Of Wall Street, in Dublin.
Jordon inspired the Hollywood blockbuster The Wolf of Wall Street delivered a great talk courtesy of CollegeTimes.com including his formula for success and creating wealth.
Belfort, who had made more than $50 million by his mid-twenties and had raised over $1.5 billion in venture capital, started up multiple companies also revealed the eight skills he feels you must know for business, sales and entrepreneurial success.
The businessman’s autobiographical book, The Wolf of Wall Street became a New York Times best seller sold millions, sparking interest from Hollywood. The movie, directed by Martin Scorsese, was based on the motivational speaker’s book. It grossed over $375 million worldwide and landed lead Leonardo DiCaprio an Oscar nomination.
Jordon was speaking in Dublin as he is convinced now is the “greatest time” in Ireland for start-ups to make their fortune.
“The greatest opportunities are after the cataclysm – but very few people will really take advantage of them,” he said. “Those who do it are the vulture guys – who will swoop in when things are at the bottom. “Jobs are created and wealth is created that way, so I would really try to encourage an entrepreneurial mindset,” he said.
Now, a decade after his conviction and after serving 22 months of a four-year prison sentence and being ordered to repay $110.4 million to a victims’ compensation fund, Belfort has turned his notoriety into a business as an entrepreneur
Through his company, Jordan Belfort Global, he is an author and a motivational speaker based out of Manhattan Beach, California.
Interestingly his Ex-partner Porush, has started a successful medical supply company in Florida after doing his prison sentence.
Here are some lessons from Belfort’s entrepreneurial path from his recent blog post.
- Listen to wise men: Belfort came up with the idea to write a book about his life from his cellmate who happened to be Tommy Chong, of Cheech and Chong fame. Chong was in prison for some entrepreneurial activity of the illegal variety: serving time for selling bongs over the internet. Chong found Belfort’s stories hilarious and urged him to write them down. Belfort read and studied Tom Wolfe classic The Bonfire of the Vanities while in jail to figure out how to write his own story.
- Know how to verbalize your story: Dan Alonso, a former federal prosecutor who handled Belfort’s case, was so impressed with Belfort’s speaking chops that after he got out of jail, he invited him to the Manhattan district attorney’s office, where Alonso works now, to give a speech to prosecutors in that office. He also goes to dinner regularly with the FBI agent who made the case against him, who told New York magazine that Belfort “was a reprehensible” guy from a moral perspective, but today, Belfort now 51, can still entertain with his stories.
- Think rich: As a motivational speaker, Belfort focuses on teaching people about wealth creation. “I believe in total immersion, if you want to be rich, you have to program your mind to be rich,” he said. “You have to unlearn all the thoughts that were making you poor and replace them with new thoughts—rich thoughts.”
Jordan Ross Belfort. (2014). The Biography.com website. Retrieved 12:52, May 30, 2014, from http://www.biography.com/people/jordan-belfort-21329985.
Entrepreneurship, Sales, Innovation, persuasion, communication, venture capital, wealth, success, business skills, small business owners, start ups.