The Top Lucky SEVEN Important Lessons For Business Success (JPM Chase CEO: Jamie Dimon)
Here are the best (lucky!) seven important lessons on business leadership from Jamie Dimon.
James “Jamie” Dimon is a billionaire businessman who is the CEO and Chairman of JPMorgan Chase, one of the largest banks in the world. He is widely regard for his effective and successful management style.
View and purchase Dimon’s Book on Amazon . #commissionsearned
Some of his key insights and teachings on business and leadership are below:
Here are the top (lucky) 7 lessons for business success from JPMorgan’s CEO.
Work Hard: There is no substitute for hard work.
“Some people have this get rich quick notion, I’ve never seen it…It’s like a casino…not the normal way.” - Dimon
Spend Your Life Learning: Dimon reads five different newspapers every morning. He encourages always learning from clients, competitors, or even when you go on the road and talk to small businesses. At the end of the day, learning how to innovate the smallest things can create a cascade and domino effect and engender large-scale positive changes.
“I read tons of stuff. I read everything that people send me.” - Dimon
Flexible on the Job You Take: Sometimes taking less money for a job that results in a better mind, spirit, or soul is important. If you need a spiritual getaway, you should go and do it. Go have family time. Manage your time to get time for exercise.
Humility, Openness, Fairness: this is what keeps workers there. People won’t want to work for you if you don’t have that. Do you have people’s respect? No one wants to work for someone who throws people under the bus. This is what creates EQ: do you understand if someone is hurt? Do you have empathy? Do you understand someone wanted to say something but didn’t and so, as a leader you should go out and encourage them to talk. Treat people the way you want to be treated.
Have Gratitude: Having throat cancer and a heart condition showed Dimon the beauty of being alive and being in a country with a good healthcare system.
Accept setbacks: Dimon mentions how he was fired from a job once too. Everyone has a setback. It’s okay to be depressed. He was fired by someone he worked for 15 years. You just gotta learn how to get back up.
On Tough Decisions: Dimon makes a list so he knows what he has to deal with before something gets too bad. Have a decision-making process on who to speak to and how to make it move fairly.
Which of these lessons resonates with you the most? And if something did, make sure to share it with your friends and family and other colleagues who can use this advice too!
Contributor: Founder, Financeowlogy.
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