Why You Shouldn’t Copy Me Or Others In Business

Dan Lok Show

Dan Lok

Careers, Management, Entrepreneurship, Business

4.8 • 826 Ratings

🗓️ 21 October 2024

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In the world of business, there's an oft-repeated advice: emulate what's already proven successful. This strategy, often encapsulated as "copying what's working," acknowledges the wisdom in not reinventing the wheel unnecessarily.

Dan Lok, through his experiences and interactions with some of the world's top entrepreneurs and CEOs, whose combined net worth exceeds billions, underscores this principle. If a business model, marketing strategy, or operational process has been successful for others, particularly in your industry, there's merit in adopting those elements that align with your business goals.

However, Dan Lok goes beyond this conventional wisdom. He emphasizes that while copying can provide a blueprint or a shortcut, there are critical components of business and personal strategy that you shouldn't just adopt wholesale from others.

Transcript

Click on a timestamp to play from that location

0:00.0	Give you perfect sample.
0:16.0	So deaf you guys all know, right?
0:18.0	Yeah.
0:19.0	So his personality is something that I cannot do, okay?
0:25.7	He is someone that could meet with people,
0:30.7	and then somehow they become just clients.
0:34.9	Yeah, he's very good connector.
0:36.6	So he, no, he's like, seriously, oh, see if I'm on the plane, I'm flying to Thailand,
0:39.3	talk to the next person, oh, now we become a client.
0:42.3	What the fuck is this?
0:43.3	Right?
0:45.3	Just, no, just like, oh, I'm in a restaurant, I'm talking, what?
0:48.3	I spent million on advertising.
0:50.3	Yeah, like, no, but he's, that's his thing. So, but his personality, I said, okay, for him,
0:57.8	you will not go wrong for him putting him in front of people.
1:01.8	I need him, people to see him face to face.
1:04.3	I need people to see this.
1:07.0	The JV partners, everything he got is from there.
1:09.2	I said, you gotta, if you're gonna do business in Thailand,
1:11.6	you gotta be in Thailand.
1:12.6	So he would travel back Australia, Thailand.
1:14.6	His stuff, I built his business all around physical event component.
	...

Transcript will be available on the free plan in -115 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Dan Lok, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Dan Lok and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.