4.8 • 826 Ratings
🗓️ 3 March 2025
⏱️ 9 minutes
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The world does not have too many leaders, most people are followers. Millionaire Mentor Dan Lok explains why leadership is important and why you must master it. This compelling episode challenges conventional business wisdom by asserting that profit isn’t just an important factor in business—it’s the ultimate driving force. Through insightful leadership and management principles, Dan shares how profitability serves as the foundation for sustainable growth, innovation, and long-term success.
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0:00.0 | So let's talk about management. |
0:16.8 | Five management myths that are killing business. |
0:20.0 | Most companies go out of business because of one reason and one reason only, |
0:23.6 | and there is mismanagement, period. |
0:25.6 | Not the economy, not the government, not tax, that crap, mismanagement. |
0:30.6 | From who? The entrepreneur. |
0:32.6 | The entrepreneur. |
0:34.6 | Most of the time when I look at a business, |
0:36.6 | the reason they're |
0:39.2 | struggling is one of these two things. Marketing, not enough customers, not enough |
0:42.8 | clients, or management. They have a bad team, lousy team, or no team. Nine out of |
0:49.4 | ten, marketing and management. They both down to these two things. So what's wrong with most management techniques out there? |
0:58.7 | I think this pretty much sums it up. |
1:00.6 | I got this in 2013 in my email about a workshop called |
1:06.0 | Leading through Change, leading through what? |
1:09.0 | And this, I think pretty much sums it up what's wrong |
1:13.6 | with 99% of information being fed to entrepreneurs |
1:19.0 | about leadership and management. |
1:20.6 | Here's first of all, what's wrong with it. |
1:22.4 | First, number one, the workshop is, |
1:25.9 | you can't see it, but it's $5,200 and somewhat, |
1:30.0 | it's five grand. |
... |
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