Positive self-talk can be effective, but only if done correctly. Lying to oneself and being out of integrity can lead to delusion and a loss of confidence.
The lack of honesty in leadership has led to problems with social media platforms such as Twitter and Facebook. To build trust, social media companies need to have individuals working at the top that users can trust.
There's a fine line between being crazy in a good way and a bad way, and some of the things Adam Neumann did at WeWork fall within that gray area. While some actions were understandable given his personality and the company's hyper growth, others were questionable.
The main reasons why businesses fail are due to the entrepreneur's belief that it's all about them, neglecting to look at external factors that may impact their success or failure. It's important to take feedback and optimize execution, but it's equally essential to be aware of the external environment.
The speaker talks about successful entrepreneurs with reasonable profits and how he started his own business school, whose teachers are the same successful entrepreneurs behind today's biggest brands and businesses.