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The Playbook With David Meltzer

3 Habits of Every Successful Leader

The Playbook With David Meltzer

David Meltzer, Entrepreneur.com

Entrepreneurship, Business, Careers

4.61.9K Ratings

🗓️ 13 October 2021

⏱️ 4 minutes

🧾️ Download transcript

Summary

Be a courageous leader who illuminated flaws instead of hiding them. The ability to be vulnerable is such an important aspect of life that I switched the two words sitting on my nightstand from "Thank You" to "Radical Humility," as a reminder to be humble and allow myself to be vulnerable. And it's not simply being vulnerable as a person at home with your family; it is essential to also be vulnerable as a leader in business. Vulnerability is simply the courage to be yourself, "warts and all," a core component of effective leadership. Leaders who try to portray themselves as invulnerable or perfect will soon find that their message does not resonate with their team. Not only that, but a façade of invulnerability is a defense which attracts attacks from others. Vulnerability means living in authenticity. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Nobody respects or gives more credibility to a leader than when he tells him I don't know

0:04.1

but let me find the answer to that.

0:05.9

This is Entrepreneurs the Playbook.

0:08.1

The most critical thing that I learned about leadership in team members was when I went

0:13.0

to college my mom made me read a book.

0:15.5

The book is this thick, it's by Ben Franklin, it's his autobiography.

0:19.6

Ben Franklin said in the book, the best thing you can do is ask for help.

0:24.9

The best thing you can do in your life is ask for help because you become an investment

0:29.1

of others.

0:30.8

Now I created what I call the reverse Ben Franklin effect that says not only should we ask

0:36.6

for help we should always offer our help, right?

0:40.3

We ship the paradigm of value by offering our help.

0:44.8

The most amazing thing to me is that I bought this golf course when I retired and I built

0:51.5

it in popular grove in Amherst, Virginia.

0:54.5

We built it for $12 million in 2006, great market, it went up to about $120 million

1:01.5

we were building a convention center, 2,000 acres of homes.

1:06.4

In all my genius I decided to leverage that with my partners and bought a whole bunch

1:11.7

of real estate and then 2008 came.

1:15.4

The funny thing about that was because I was a genius I never asked one person for help.

1:22.2

All I had to do was call one person that owned a golf course, even if they didn't know

1:27.7

me and say, hey, I've just lucked out, I have this huge investment, it's gone way up.

1:33.6

Should I leverage this at 120% LTV and buy a whole bunch of commercial property and

...

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