A student in our Entrepreneurship Mastery Program is a smart and courageous woman. Ten years ago she started a business that failed after four years. Now she is with us, acquiring the knowledge she needs to be successful the second time around.
Just a few hours into the course, she learned an ... Views: 623
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: 621
It’s not that I’m so smart, it’s just that I stay with problems longer.
-- Albert Einstein
Problems are a mind exercise. Problems can be learning opportunities. The way you describe a problem determines your ability to solve it. Some people play chess. They see it as a game. It's also an ... Views: 613
It takes more than salespeople to assure your long-term success.
You have started a new company. Now how are you going to get customers to open their wallets and spend their money on what you have to sell?
If your answer to that question was, "I'll hire a sales staff" or, "I'll start ... Views: 607
With more employees getting shoddy treatment or worse from their employers these days, there is little doubt that it really is better to be the boss today. And for mostof us, the best way to become the boss is to buy a business.
Within the last week alone, I have read three disturbing articles ... Views: 598
Ask most business leaders what the real key to their long-term success is and they’ll tell you it’s their people. You can operate in a hot market, use the most cutting-edge technology, or have a competitive product concept, but without the ability to hire and keep the right amount of passionate ... Views: 597
Bootstrapping is the process of conserving financial resources to the extreme during a business’s startup phase. It means pulling yourself up by your bootstraps by doing most of the work yourself.
Because you want to go into any new business enterprise with your eyes wide open, let’s take a ... Views: 596
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: 592
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: 590
When it comes to big pictures, networking is the way you link your vision for your business and career to those of the rest of the world.
If you are on track in your business and professional life, you network every day, forging and enhancing connections that will reap future ... Views: 583
--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: 582
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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: 580
Contrary to what you might think, most successful entrepreneurs enjoy a sense of calm control over their own lives. Compared with people who spend their lives working for other people, subject to whims not remotely under their control, entrepreneurs have a much better shot at happiness and inner ... Views: 579
One day, when I was about 12, I went down to my carpenter grandfather’s basement workshop.
“You should start earning your own money,” he said. “If you clean up this workshop, I will pay you what it’s worth.”
So I spent the next three hours making that place shine. I swept up all the wood ... Views: 578
The good news is, you made money in 2007. Hopefully, a lot of it.
But do you understand that not all the dollars you earned are the same in the eyes of the IRS? Until you define the kind of income each of those dollars represents to the tax collector, you stand little chance of minimizing the ... Views: 578
As President of Trump University, I meet often with our Chairman, Donald J. Trump. I never forget that just about every businessperson in the world would envy me that opportunity. Who wouldn’t want to sit down with Donald J. Trump to get his expert advice on building an enterprise?
This ... Views: 576
As we roll into 2008, it’s time to get your business plan written. As I discussed recently on the Trump Blog, I am the developer of a new approach to the process that I call "plan-as-you-go" business planning. Today, I’d like to explain it in a little more detail. For convenience, let's call it ... Views: 572
Let The Entrepreneurship Mastery Program make your start-up a success
How many people start new companies every month? Who are they?
Just yesterday I was reviewing some data from The Kauffman Foundation that answers those questions, and more:
550,000 Americans start new businesses every ... Views: 572
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: 570
Customer service lessons from the JetBlue disaster
JetBlue is still recovering from its February fiasco at JFK Airport in New York. You remember - snow and extreme cold brought air travel to a standstill, but JetBlue decided to keep flying anyway. Its planes rolled out onto the tarmac and got ... Views: 566
An interview with business-planning guru Tim Berry
When Trump University was searching for the best business plan software to integrate into our Entrepreneurship Mastery Program, we found a blockbuster program in Business Plan Pro. Little did we know that it was the brainchild of a ... Views: 564
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: 563
The television show I was watching last night was punctuated by some pretty crazy ads. I saw flying cars and a talking toilet.
To judge from those ads, you might think that you need to be a creative advertising genius to get your customers to buy anything from you. Not so. These classic ... Views: 562
Good morning, Mr. or Ms. Entrepreneur. I'd like to ask you a very basic question today:
Do you know who your customers are?
That's an interesting question, because there are so many ways to answer it. As an experiment, I asked our Executive Editor Barry Lenson to call three entrepreneurs and ... Views: 561
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: 561
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: 561
For most small businesses, hiring a professional to perform a valuation is not necessary. First of all it is expensive, and more often than not, it simply does not reflect reality.
For example, I recently read a valuation on a local company handling specialized telecom components in a very ... Views: 558
Vital information from the new book Trump University Wealth Building 101: Your First 90 Days on the Path to Prosperity
You spend years building a company and then one day a visitor falls in your parking lot, breaks her hip and sues you. Is it a problem you can settle out of court, a problem ... Views: 557
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: 556
When I was researching my book Good Stress, Bad Stress, a man named Bill told me an interesting story. Only a few months earlier, he had been virtually paralyzed by fear. He had piled up tons of debt. He couldn’t pay the credit-card bills that rolled in every month. And to make it all worse, ... Views: 554
Do a simple experiment this morning. Go to the search engine of your choice and search for the term “businesses for sale.”
You are going to be astonished by what you find. Businesses are changing hands at an amazing rate in virtually every area of the United States, and thousands of attractive ... Views: 554
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: 550
Trump University Takes Live Learning a Level Higher
Since the day Trump University opened its doors, students have been asking us to add more live instruction. We are starting now, with a new program of three-day seminars that we are calling Immersive Retreats.
These live retreats have been ... Views: 549
"Prices of existing homes fell for the first time in 11 years and the backlog of available homes for sale was at its highest since current measures began, underlining the significant slowdown in the housing market."
- "US Housing Slowdown Continues," by Daniel Pimlott and Michael Mackenzie, ... Views: 545
Great advertising doesn't have to be expensive. Consider these low-cost, highly effective marketing strategies that Prof. Don Sexton teaches in his Marketing Mastery Program at Trump University:
Identify your competitors’ weaknesses and target them directly. Be the only car dealership dealer ... Views: 544
Bedrock marketing insights from the author of Trump University Marketing 101
When I was growing up, my family had a business installing water systems for country clubs, farms and housing developments. Whenever I went and worked alongside my father at those places, I could see how much people ... Views: 537
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***Invest in Yourself - by Michael Sexton, Trump University, The Official Guides to Real Estate
What's the most profitable investment you can make?
Some people would tell you it's the stock market. Other people would point to mutual funds, precious metals or municipal bonds.
Make no mistake, all those investments can offer you a great payback. But there is another investment that ... Views: 527
Trust yourself. When danger comes, you will have what it takes to deal with it.
In his book Lost and Found, Dr. Arthur Caliandro writes that when he was a little boy, he and his father had a favorite game. Arthur would stand three or four steps up the stairs in their home. His father would ... Views: 526
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: 526
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: 506
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: 478
You’ll be glad that you stopped by today, because Trump University is giving away some of the most powerful marketing ideas available anywhere - information that can make your enterprise vastly successful in today’s competitive marketplace.
Better yet, we are not giving away this information ... Views: 468