jueves, 30 de agosto de 2007

Donald Trump: Seis reglas para el éxito

Posted by Mr. Biggs at 3/27/2007 10:22:00 AM
one powerfull world

I saw Donald Trump this weekend. He seems like a fun guy, but then on stage everyone is at their best. I have some funny videos of him talking about George Bush, Conddolezza Rice and Rosie O'Donnell which I will post in the next post. But in this post I want to talk about the advice Donald had for entrepreneurs.

Just to pump you up checkout the short video of THE DONALD entering the stage at the Learning Annex in Toronto.



Now that you can feel the hype, lets talk about the 6 things Donald did to succeed and is still doing to remain successful.
1) You have to love what you do - If you love what you do, you will work harder. You will enjoy your business and your life. You will spend the time to know your business inside out. You can brag about what you are going to do but if you do not bring the goods to the table, you will be knocked down.
2) Never ever quit or give up - Some of the smartest people never made it because they quit. (The look in Trump's eyes was conveying the message that become hungry for what you want)
3) Luck - Luck plays an important role. But the harder you work, the luckier you will get. So never get carried away by the hype. FOCUS and work your ass off. He mentioned that in 1991 he owed the banks $9.1 billion, but he decided to face his bankers and workout deals rather than running away. The toughest people are not the smartest and its better to be smart than tough. Fight for yourself rather than begging.
4) Follow your gut - If you are smart and really know your business, follow your gut. It might require you to go against the tide sometimes but if you really know what you are doing, go with your gut and have the confidence to follow it yourself.
5) Get the best people and do not trust them - The thing with smart people working for you is they will try to screw you if they think they can do better without you. Make sure people who work for you, respect you. If they respect you they will not screw you, but if they think you do not know the business and lose respect for you they will screw you.
6) Get Even - Hit people hard when they take advantage of you. When people know you fight back, other people are watching and will think twice before messing with you as they know that you fight for your right. It will earn you respect from people.

Donald told some great stories, some great lessons which I took other than the above 6 points:
7) Don't allow bad things to take away your momentum - he told a story about William Levitt. Mr. Levitt died broke but one of the greatest builder to have shaped New York and surrounding areas. Mr. Lewitt made a big fortune and retired to South of France, but he missed what he loved, Real Estate. So he came back to New York and bought back his company which was going under. He worked really hard but could not turn the company around and went bankrupt. Donald met him a few year before he died and asked him, "Mr Levitt, what exactly went wrong?". He replied, "Donald, I just lost my momentum". So never let anything that happens to you make you lose your momentum. Don't quit!
8) Marketing - Be controversial and get free marketing. Anyone can pay for marketing, but the art is to get it free. He made some controversial and funny statements, which I will post in the next post.
9) Be happy, It really does not matter - Personally I think this is the most important. Sometimes people ask him, Donald how do you do it? How do you give speech to 50,000 people without any stage fear ? His reply was it does not matter. One Tsunami and 300,000 people are dead. Life is soo fragile, it really does not matter. Just do it!! Don' even think about it. Take the pressure off by saying it does not matter.
10) Work hard and be careful

He professed,"NO DRINK, NO SMOKE and NO DRUGS" and "To be a winner, think like a winner". His favourite deal making book is "The art of the deal". He talks about how entrepreneur need to take risks, see the funny video below for what he thinks about entrepreneurs.

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