What does a great actor like Sir Laurence Olivier have in common with a great executive like Jack Welch? At first glance, not much. But if you look a little deeper, you’ll see that brilliant actors and gifted business leaders share many critical skills.
They command attention the moment they ... Views: 975
Sometimes we have to be patient and sometimes we have to get moving. Wisdom is in knowing when to stay and when to go. Know when to quit. I know, it's easier said than done, but we all know when we’ve exhausted certain possibilities, and quite possibly ourselves, in the course of finding out. ... Views: 736
For some great insights about why multi-unit properties offer great investment opportunities, I urge you to read last Friday’s post on this blog.
But to invest safely, you also need to be aware of the risks. If you fail to ask these questions before going into a deal, you could be making a very ... Views: 990
Sixty percent of all Americans are dreaming about starting their own businesses. Why? What's their motivation?
I recently heard some fascinating answers to that question while I was listening to recorded transcripts from The Entrepreneur's Success Codes, a Trump University course that's taught ... Views: 613
In the eyes of many potential investors, owning rental properties entails too much hassle.
“I’d never invest in property,” some say. “Who wants to get called out at 2 a.m. to fix a stopped-up toilet?”
No doubt, if you self-manage real estate, you will get those unpleasant calls. You will put ... Views: 831
Just 25 years ago, most homeowners optimistically counted off the years and months that would pass before they could pay off their home loans. Take out a second mortgage (as home equity loans were then called) - unthinkable! Only dire emergencies could force such imprudent borrowing. That’s why ... Views: 840
Reach for the stars, go for it, man!
- Sammy Davis, Jr.
America is a big country and bigness is essential to the American Way. It's everywhere you look: big money, big portions, big ideas. In a place with so much of everything, there's a lot of smallness, too, like millions of people of modest ... Views: 1003
A few strong instincts and a few plain rules suffice us.
--Ralph Waldo Emerson
Handling money well requires instincts. It can be learned, but it also requires a sixth sense that needs to be developed. Gamblers know about timing. Some people have it, some people don't. Life isn't exactly a roll ... Views: 1071
Have you noticed that people who were great students in school often find it difficult to get started in the world of business? They usually get off to a very sluggish start.
I think there is a logical explanation for that. It is simply that the skills people learn to succeed in school don’t ... Views: 634
Successful professionals, business owners, and entrepreneurs have a lot in common. One of those commonalities is an artful approach to letting others know about what they do, how they do it, and why customers, clients, and prospects will find value in doing business with them.
It's not about ... Views: 620
Picture this--you’re a freestyle aerialist in the Torino Olympic games. Your ski goggles are suctioned to your face, your spandex suit is feeling comfortable for the first time all year, and you’re ready to get some serious air. You are ready to show the world what four years of training can ... Views: 683
You probably don’t think of your customers as expenses. But if you add up all the money you spent to win their business, you will discover how costly they really are. To win them, you spent a lot of money on advertising, salespeople, a Website and other marketing initiatives too.
Customers are ... Views: 575
In the Middle Ages, people shook hands to demonstrate that they were empty-handed, meaning they were not carrying weapons and could be trusted to behave honorably. Even today, a handshake before a negotiating session means that you and the other person agree to behave honorably. You might ... Views: 1229
One fateful day back in 1979, Apple's co-founder, Steve Jobs, had a spark of intuition so bright it is still flashing across the screen of the computer you are looking at right now.
Jobs was visiting Xerox's Palo Alto Research Center, where he saw an experimental computer called the Alto. It ... Views: 879
What are the most disastrous marketing mistakes that new entrepreneurs make? Now that our Marketing Mastery Program is entering its second successful year and we have worked with hundreds of students, we can answer that question with some certainty.
The two marketing problems that most new ... Views: 610
Since the late 1990s, sharp increases in property prices, along with a corresponding relative decline in cash flows and rental yields, have led the major media to persistently babble about real estate “bubbles.”
Taking a cue from these misguided journalistic missives, many people now believe ... Views: 801
One day back in 1997 my phone rang. It was Dr. Arthur Caliandro, the head minister of Marble Collegiate Church in New York. Dr. Caliandro asked me if I would be interested in writing his next book with him. We met, we hit it off beautifully, and I ended up writing not one, but two books with ... Views: 964
We live in an exchange society. To receive you must be willing to give. As motivational speaker Zig Ziglar says, "You can get anything you want in life as long as you help the other fellow get what he wants." That's one reason communication specialists and marketing gurus alike consistently urge ... Views: 883
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***Walk-Away Willpower - by Vadim Parkansky, Trump University, The Official Guides to Real Estate
We often read and hear a lot about the importance of “sticking with it” and “never quitting,” but sometimes, deciding not to proceed can be just as valuable as going further. As Donald Trump put it in The Trump Way to Wealth (https://www.trumpuniversity.com/start/wealthcreation/twtw.cfm), “I'm ... Views: 631
Through my practice of law in the fields of asset protection, tax reduction, and estate planning, one of the most common characteristics that I've observed among my wealthier clients is that they rarely pour all of their entrepreneurial energy into just one type of business. While I've worked ... Views: 1490
Richard Parker, professor of our Art of Buying a Business course, tells me that getting a realistic estimate of a business’s value can be a much simpler process than many professional valuators would like the rest of us to believe.
The challenge for you, the buyer, is to formulate a price that ... Views: 1443
Conventional wisdom holds that an Ivy League degree virtually assures success. But like a lot of commonly held assumptions, it's turning out to be wrong.
Consider "Route to the Top," Chief Executive Magazine's annual analysis of 700 top American CEOs. Of the findings in the latest 2004 survey, ... Views: 912
A post on this blog a few weeks ago described the marketing traction that small businesses can develop by sending out press releases to local media. Today, I would like to add to that strategy.
The first step is to have your company contribute to the quality of life in your community. You could ... Views: 526
Trump University President Michael Sexton interviews EJ Ridings, President of Trump Mortgage
Most people refinance their homes when they need a large sum of money to install a new kitchen or pay college costs. But there are right and wrong ways to refinance, as we'll learn in the following ... Views: 883
Several weeks ago I had a conversation with Larry Gessner, a very active member of the Trump University community. If you spend any time on our Discussion Boards, you're already familiar with Larry's keen insights about what it takes to be a successful businessperson and entrepreneur.
Larry ... Views: 604
Although it’s become one of my signatures, firing people is not something I enjoy doing. In reality, I’d rather hire really great employees in the first place so that firing them is something I never plan on doing.
But in reality, managers are often placed in tough situations when they have to ... Views: 544
If I told you that I know someone who bought a business nine years ago and just sold it for an 80% loss, you would probably think I was describing an individual who doesn’t have one iota of business sense.
But you’d be wrong, because that is exactly what Mercedes-Benz did a few days ago when ... Views: 988
When people ask our Chairman Donald J. Trump to name the person who had the greatest influence on him, his answer is always the same. Mr. Trump always says that it was his father, Fred Trump, who offered him the greatest advice, encouragement and support. In other words, Fred Trump was a great ... Views: 870
Radical wealth-creating advice from the Trump University classroom
If you've been watching the news and listening to your friends, you're probably convinced this is a terrible time to invest in real estate. Interest rates are up, housing sales are down, properties are overvalued. The "bubble" ... Views: 764
If you take a look at the Forbes 400 List of Wealthiest Americans, you will see that virtually every person on the list got there by being an entrepreneur. From Bill Gates to Warren Buffet to Michael Dell to our own Donald J. Trump, the truth is self-evident. People get rich by starting their ... Views: 594
--Secrets of the Self-Made,-- an interactive multi-media article on Forbes.com, offers a revealing glimpse into the minds of some of America's entrepreneurial billionaires.
Among the more interesting information, for me, are the descriptions that these ultra-rich individuals share about their ... Views: 633
I'm not really in touch with the general school-attending public anymore. My kids are no longer in school; I retired from university teaching and am living in Florida among the old folks. So, sometimes I forget why students go to school.
This isn't entirely fair. I have always had difficulty ... Views: 1066
How do the smartest real estate investors minimize their risks in uncertain times?
“Five Ways to Reduce Commercial Real Estate Risks” an article by Will Moore on Pacific Security Capital’s Website, offers some excellent ideas. Although the article is written from the perspective of a company ... Views: 863
Since the dawn of civilization, man has tried to predict the future because knowledge of the future could influence decisions that would greatly affect the welfare of individuals and society. If the farmer knew exactly what the weather was going to be like, he could adjust his planting schedule ... Views: 1078
Liking the people you work with offers personal as well as professional advantages. Camaraderie among coworkers has been shown to increase productivity, job satisfaction, and even life satisfaction. It's a safe bet that most people consider employee compatibility to be an essential requirement ... Views: 2755
“I hate the feeling that foreclosure opportunities are slipping through my fingers daily,” a young real estate investor named Joanne told me lately. “A few years ago, I knew just where to go to locate promising foreclosed and pre-foreclosed properties. But with the current explosion in ... Views: 920
"It's not in the still calm of life, or the repose of a pacific station that great characters are formed. The habits of a vigorous mind are formed in contending with difficulties."
--Abigail Adams (in a letter to her son, future president John Quincy Adams, when he was 12)
When Abigail Adams ... Views: 1277
A first look between the covers of the soon-to-be-released book Trump University Wealth 101
Don’t make the all-too-common mistake, popularized in recent years, of thinking that your home is your best investment and that it will pay for your retirement. Your home may well be your biggest asset, ... Views: 926
In my blog post this morning, I would like to confront a rampant misconception about marketing.
It is that marketing is something that a company does - just another activity like HR, accounting, training or product development.
I would like to blow that misconception to bits. Because marketing ... Views: 587
When you think of starting a company, you probably think about all the hard work it will take. Hopefully you also envision all the benefits, such as wealth, freedom, and a sense of personal accomplishment and significance.
But have you also thought about how efficient owning a business really ... Views: 672
If you're a small business owner, the word “marketing” can be scary. How can you compete with the big companies in your line of business? How can you catch up with competitors who have a head start in the race for customers?
The good news is, you don’t have to compete with them. You can set ... Views: 590
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Create Your Own Luck - by Donald J. Trump, Trump University, The Official Guides to Real Estate
“Luck is when opportunity meets preparedness.”
I don’t know who made that statement. But whoever said it, I agree.
I've often heard people talking about how so-and-so is so lucky (as if to emphasize that they themselves are not lucky). I think what's really happening is the complainers aren't ... Views: 816
I learned a lot from my father, Fred Trump. I learned about competence and efficiency. One of the best pieces of advice he ever gave me was his favorite formula for success. I call it Fred Trump’s Four-Step Formula for Getting Things Done. The four steps are: "Get in, get it done, get it done ... Views: 1579