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DarrenDaily On-Demand

The Million-Dollar Mistake That Changed Everything

DarrenDaily On-Demand

Darren Hardy LLC

Careers, Business, Entrepreneurship

4.91.8K Ratings

🗓️ 4 May 2026

⏱️ 5 minutes

🧾️ Download transcript

Summary

Most companies say they want innovation. Then they punish the team members who take big swings and miss. In this episode, Darren Hardy reveals the emotional intelligence skill that separates world-class leaders, and the 4,000% growth it can unlock.

Darren walks through lessons from the late Jack Welch, who grew GE's market value from $12 billion to $410 billion over 20 years as CEO. But Welch's legendary run almost didn't happen. This episode dives into the specifics of that story and how Welch's lesson can play out in your own business and life.

Get more personal mentoring from Darren each day. Go to DarrenDaily at http://darrendaily.com/join to learn more.

Transcript

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0:00.0

Welcome to Darren Daly on demand, your most trusted resource to help you become better every day.

0:07.3

Here's your success mentor, Darren Hardy.

0:13.5

One of my favorite interviews of all time was with the great now late Jack Welch.

0:18.7

Jack grew GE's market value from $ billion in 1981 to 410 billion,

0:24.2

a growth value of over 4,000 percent when he retired 20 years later. But all of that might not

0:30.6

have been if he hadn't had an emotionally intelligent leader when he was still an up-and-comer.

0:36.0

In 1963, when Welch was still in his mid-20s,

0:39.7

he was the manufacturing head of a pilot plant producing a new plastic. After only working a short

0:45.9

time at GE after earning his Ph.D., he was sitting at his office across from the plant,

0:51.3

the one he was responsible for, when he heard a huge explosion.

0:55.2

When he looked out his window, he saw massive pillows of smoke.

0:59.8

The roof was blown completely off and destroyed, and there was shattered glass everywhere.

1:05.8

Incredibly, nobody was hurt.

1:08.3

He was called to New York to meet with his boss. He said that drive was the longest

1:13.6

ride of his career. Welch was preparing himself mentally for the worst. He thought for sure that he

1:20.4

was going to be fired. But instead of being raked over the coals, Welch said his boss calmly asked him

1:26.7

what had happened. And he asked him if he

1:29.6

knew how to fix it. Here's how Welch articulated what happened. He said, he took the Socratic

1:35.6

method with me and did an incredible job of engaging me in learning about what I had done wrong

1:41.0

in the process. He said, I learned something very valuable that day.

1:45.0

I learned to never kick anybody when they're down.

1:48.2

It is not if a mistake will be made.

...

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