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Ideas and Opinions from Donald Trump and The Trump Entrepreneur Initiative Instructors.
You Asked for a Powerful New Way to Find Foreclosures . . . And Here it Is!
“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 foreclosures, where am I supposed to look?”
Joanne is not the only frustrated investor today. We have been hearing comments just like hers more and more often over the last few months. That is why we developed a new product that cuts through the avalanche of information out there and allows investors to quickly locate properties
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Holiday Greetings
Giving back is not only a great and time-honored holiday tradition but also a key component of success. As entrepreneurs we owe a debt to the many people that have supported us in our own endeavors....our mentors, family members, and associates. We can pay that debt by helping empower a new generation of entrepreneurs.
The Trump Entrepreneur Initiative members hail from over 50 countries around the world. From young students who dream of becoming entrepreneurs, to retirees who are launching second or even third careers. This diverse group shares one important ideal.....that entrepreneurship has the power to transform lives and elevate entire communities.
So as
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Real Estate Success: Michael LaMonica Delivering The Goods
Back in August of 1993, Michael LaMonica had no idea that he would develop into the successful real estate investor that he is today. That was the year he took his job as a service provider for one of the largest trucking companies in the world. The hard work was alright with him, and he needed a secure income. But as he navigated his truck through what he calls the “rat race” streets around New Jersey making his deliveries, Michael started to dream about something much bigger - real success, control over his own life, a business of his own and
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Client of the Month - Kevin Andrews of Arizona
Some The Trump Entrepreneur Initiative students have taken what they learned here to buy foreclosed homes at rock-bottom prices. Others have built large portfolios of commercial investment properties. Still others have become successful entrepreneurs.
Then there’s Kevin Andrews, a student from Arizona. Kevin stands out as one of our most remarkable students. Let me explain why.
After he finished our Real Estate Investment Training, Kevin started his own company, G2G Investments in Lake Havasu, Arizona. Like many new investors, Kevin wanted to buy properties at low prices. But as he watched the foreclosure crisis widen in Arizona, Kevin started to look for a way to
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New Act Aimed at the Housing Market Bubble
H.R. 3221, the American Housing Rescue and Foreclosure Prevention Act of 2008, soon to be passed and is supposed to help the US housing market survive the current cycle. One piece of this legislation that I am greatly concerned with is the FHA Modernization provision. More specifically, how it creates a larger barrier to home ownership and real estate investing for borrowers by increasing the required down payment from 3% to 3.5%, raising the interest rates for acceptable borrowers with less than perfect credit thru risked-based add-ons, and ELIMINATING seller-funded, down payment assistance programs.
Many of you don’t know that FHA just increased their
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Cream Still Rises to the Top in the Job Market
How true are these old clichés? “The cream rises to the top” or “the cream of the crop” implies that the “cream” is the best part and as such, comes out somehow the winner or the chosen one. The same can be said metaphorically about talent in business.
Executive search firm Robert Half International, recently performed a study where they surveyed over 4000 finance and human resource managers in 20 different countries and the majority said they are having trouble finding skilled candidates to fill their high level accounting and finance positions. It also showed that when they do find one, the pressure is on
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Benefit From Inflation!
I know you are all relieved to know that Fed Reserve Chairman Bernanke is now going to set his sights on curbing inflation (sarcasm). However, in the unlikely event his efforts are not effective, here is an idea I think is worthy of noting. Have you ever heard of “if you can’t beat ‘em, join ‘em”? I am talking about a way to be in a position to help you offset or even benefit from the inflation we are beginning to experience.
My solution is investing in real estate. It’s what the millionaires and billionaires are doing. They are taking full advantage of the soft real estate
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Learn from Microsoft's Mistakes
A rather hot topic these days aside from the economy is the new operating system being force-fed consumers by computer software giant, Microsoft. I was recently tasked with the assignment of purchasing a new laptop after having dropped mine and damaging the power supply. These days, it costs about the same to repair a laptop as it does to buy a new one ($400 plus shipping).
So, I get my new machine back to the office and discover the new Vista program had been installed. I was willing to give it a go and began installing my peripherals and software one by one. I tried and
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Ethanol Mandate: Where's the Beef?
Since the Ethanol Mandate went into effect a couple of years ago, our price at the pump has nearly doubled. Special interest groups like the corn farmers lobbied hard to get this administration to impose the mandate promising that ethanol will reduce our dependence on foreign oil. Let’s break this claim down to see just how much and who is reaping the benefits of this so-called benefit to Americans.
Of the approximate 140 billions of gallons of gasoline we use each year in this country, the mandate called for 4.7 billion gallons of ethanol to be infused. The problem is that ethanol is not as
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Be your future...
Do you love your job, your boss, and all of your co-workers? If not, you are probably not among the ranks of the self-employed.
Self-employed individuals are passionate about their business and work tirelessly to make it a success. When you work for yourself you are not concerned with the time clock and could care less about how many hours per week you are at the office. You do this because you are expending time to grow YOUR business. Make no mistake, you WILL be working more, not less, than you were before. When you aren’t working “in” the business, you will find yourself working “on” the
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Diesel prices keep on trucking higher
Have you noticed the ridiculous price of diesel fuel lately? It’s more than $4/ gallon at my gas station and I am frankly baffled as to why. It is cheaper to manufacture than any of the other grades of auto gasoline and I am predicting additional potentially severe macroeconomic effects this will have on the goods we buy.
At first glance you may not pay attention to the price tag but I assure you, it is affecting you more than you realize. The reason is because of how our goods are distributed. We know all those big trucks carry the vital consumer commodities necessary to sustain
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Tax Freedom Day April 23rd for most
I recently read a “special report” published by the Tax Association boastfully declaring April 23rd as the official date that most will have earned enough income to pay their share of all necessary federal, state and local taxes. The study shows that due to the expected impacts of the economic stimulus package, this date has been moved up by three days after having moved later each of the last four years. Well isn’t that profound?
Who would have thought that the government returning billions of dollars to its rightful owners would shorten the number of days that tax-payers would need to work to contribute? While
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Investing in Foreign Bonds Hedges Against Falling Dollar
It’s a well known fact that most Americans invest their money in American-based companies and securities rather than looking to do so abroad. In part, this is due to a lack of knowledge about how to go about doing so and what the risk/rewards are. The purpose of this writing is to bring about awareness to a strategy being used successfully by many US investors (but not nearly enough). This type of investing can act as a nice insurance policy against the falling value of the US dollar and provide a quality return-on-investment with very little risk.
In buying foreign bonds, you are investing in
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Federal Chairman Bernanke Speaks about the Obvious
Today I got to hear Fed Reserve chairman Bernanke tell Congress the hard truth about our economy and the direction things could be heading. With GNP being virtually flat and consumer confidence at tremendously low levels, that lovely 3 syllable word called “recession” was uttered as a distinct possibility as to what could be in store. The definition of a recession is two or more consecutive quarters of zero to negative economic growth and I think we just banked the first one.
Bernanke further explained that until the effects of the economic stimulus package could be felt and measured, we could possibly have a
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What the 600 Dollar Tax Rebate Stimulus Package Means to Our Economy
Unless you live under a rock, by now you are aware that “lower and middle class” Americans will soon be receiving some free money in the mail after filing their 2007 returns. The amount of the checks will vary depending on marital status, number of dependents and current income level. (exact parameters can be found at http://www.house.gov/fossella/Constituent/stimulus.htm). What I want to address today are some of the macro-economic effects associated with this type of “stimulus”.
The purpose of this move proposed by the Bush administration and approved by Congress is to give consumers some spending money in hopes they will do what
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Bear Stearns Crumbles and What's up with Gold?
As of the close of business on Friday last week, the price of gold had risen to a record high $1015 per ounce! A look at the chart of this commodities 5 year history and you might wish you bought some bullion bricks for yourself back then. Gold has more than tripled in value in the past 60 months and it may be all by accident.
It seems that since banks quit using gold to back up their monetary supply, the uses and demand for gold has greatly diminished. It’s not used all that much for jewelry either as other metals such as silver and
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Answering Bernanke's call for 'forgiveness' from Bankers...
A recent speech by Fed. Chairman Ben Bernanke directed bankers to be proactive in their search for solutions to help consumers save their homes from foreclosure...even if it means a reduction of principal and taking a loss. While we all agree that something has to be done to slow the sharply increasing starts of foreclosures in America, asking banks to foot the entire bill doesn’t seem like a feasible solution in and of itself.
Reduction of “principal” for homeowners so they may sell their homes at a lower price than what they owe is precisely what will cause home prices to continue to
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Buying Unsold Homes: There's No One Strategy that Applies
News has been coming in from around the country that documents - without a doubt - that American builders have built far more homes than they can possibly sell in the coming months. That’s good news for would-be real estate investors who want to buy houses at rock-bottom prices and wait for the market to turn around.
The problem is, there is no “one-size-fits-all” strategy that can be used across the country. When you dig down past the national trends, you realize that the housing glut plays out quite differently in different parts of our country.
In Oregon, at least one developer is offering
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How to Turn Problems into Opportunities in Today's Real Estate Market
RealEstateJournal.com, the Wall Street Journal’s online report on real estate, is worth bookmarking and visiting often. The moderator is Lew Sichelman, an encouraging real estate expert whose advice to readers is consistently wise.
Just this week, Mr. Sichelman responded to a question from a woman who was paying off a mortgage amount that far exceeded the value of her house. She had been trying to get her bank to lower her loan amount and reduce her monthly payments, but they were stonewalling. Meanwhile, she was having a tough time keeping up with her monthly payments. Mr. Sichelman urged her to keep trying to
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Inside Information on Buying Foreclosures Like a Pro
“Buying Foreclosed Homes without Going the Auction Route,” a recent article by Kelly Evans and Sara Murray in the Wall Street Journal, is an important one to read if you are thinking about investing in foreclosed properties.
Here’s what I took away from the article:
Auctions are not the best place to snag bargains today. Aggressive, experienced buyers frequent them, making competition fierce for any properties that represent good value. Another problem? Some properties are so over-mortgaged that banks are trying to sell them for more money than they are really worth.
Those factors, however, can make it a good time to look for
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Real Estate: What to Do Until the Rebound Begins
This week’s RealtyTrac report about U.S. foreclosures is a real eye-opener. You can read the full text by clicking here, but here are some highlights:
The foreclosure rate in America’s top 100 metro areas has hit 1.38 percent.
Detroit registered the highest foreclosure rate of any of the 100 largest metro areas, with nearly 5 percent of all homes going into foreclosure.
1.775 million foreclosures were filed in the last year - a one-year increase of 78.2 percent.
California, Ohio and Florida are the hardest hit.
For smart investors, it remains a very advantageous time to acquire foreclosed and pre-foreclosed properties at very attractive prices. Plus,
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Foreclosures Become a Campaign Issue
In the last day, articles in the Wall Street Journal and The Virginian Pilot report that political candidates are beginning to use the current foreclosure crisis as a campaign issue. The Virginian Pilot article reports that Hillary Clinton, while campaigning in Virginia, proposed a 90-day moratorium on new foreclosures. The moratorium, she states, would allow homeowners a chance to find ways to keep their homes. And the Wall Street Journal article reports that foreclosures have become an issue in a Maryland election between two candidates who are running for the U.S. House of Representatives - one, an incumbent.
Of course, many homeowners
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Are Square Feet the Cure for Cold Feet?
Unless you’ve been out of the country for the last 12 months or so, you are keenly aware of the foreclosure crisis and the ripples - and opportunities - it has caused for U.S. real estate investors.
If you are one of the many investors who decided that a bench on the sidelines might be the best place to wait until things cool down, I’d urge you to think about commercial real estate, which remains another area where adventurous investors can make terrific investments today.
Students who enroll in our premier real estate course, The Real Estate Investor Training Program, learn cutting-edge strategies
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The Trump Entrepreneur Initiative Asset Protection 101 Puts the Wealth-Building Secrets of the Super Rich into Your Hands
“Making money is not enough,” says J. J. Childers, author of the new book The Trump Entrepreneur Initiative Asset Protection 101. “What most people fail to realize is that the protection of wealth goes hand-in-hand with the creation of wealth. Asset protection is an essential step for anyone seeking to create and build lasting wealth.”
Childers is an attorney whose proven wealth-structuring strategies have helped thousands of ordinary people minimize income and estate taxes - and enjoy ironclad protection from frivolous lawsuits. The end result? Extraordinary wealth, secure wealth.
The Trump Entrepreneur Initiative Asset Protection 101 is a unique and powerful book. It belongs in your success
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Start Your Tax Season Fitness Plan Today
You’ve probably heard the Greek myth of Sisyphus. You remember him - he was the guy in Hades who kept rolling a big stone up a hill. As soon as he got to the top, he lost his grip and the stone rolled back to the bottom again. He was condemned to repeat the pattern forever.
Why the lesson in mythology this morning? It's because a lot of people behave just like Sisyphus every year in regard to their taxes. They kill themselves to get all their financial records organized at this time of year. Then as soon as the meeting with their tax-preparer
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Can You Sue Your Agent if You Paid Too Much?
A front-page article in today's New York Times reports that a home buyer in California has filed a suit in North County Superior Court, claiming damages because she paid too much for her house. The buyer claims that the broker, in an effort to protect a commission, concealed the fact that comparable homes in the area were selling for less than the price that the buyer had agreed to pay.
It is a bombshell, and a case that is worth watching. Frankly, I doubt that the court will award damages to the buyer. After all, isn't it the buyer's responsibility to do a market comparison and be
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With Interest Rates in Free Fall, What Strategies Do You Apply?
An article by Floyd Norris and Peter S. Goodman in yesterday’s New York Times paints a grim picture of real estate trends in the U.S. Here's some food for thought:
New home construction has fallen by 40 percent since in 2006.
New home sales have plummeted even faster.
The large inventory of unsold homes could depress home prices another 15 or 20 percent before the turnaround comes.
And to make it all more troubling, the authors of the article wonder out loud whether lowering interest rates again will do anything can to strengthen the economy in the short term.
We’ll be offering focused advice for real estate
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Hottest Posts of the Trump Blog, 2007!
It has been a terrific year at the Trump Blog. We've done our utmost to deliver powerful success strategies to you every day.
To help you start the new year right, we've handpicked 65 of our top posts from 2007. I’d urge you to click on the titles below and absorb all the lessons. The wisdom they contain will make you a fortune in the next year.
15 Inspirational Posts from the Great Donald J. Trump
Always Have a Fallback Plan by Donald J. Trump
Be Thorough by Donald J. Trump
Blueprint for Success by Donald J. Trump
Build Your Reputation by Donald J. Trump
Dress for Success by Donald J. Trump
Experience vs. Education by Donald J
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Happy Holidays from The Trump Entrepreneur Initiative
Everyone here at The Trump Entrepreneur Initiative wishes you and your loved ones a joyous holiday season.
The Trump Entrepreneur Initiative is truly an international community. Our students, instructors and administrators come from many different countries and faiths. I think it is wonderful that we all come together every day to work hard together, learn from each other and build our succcess side by side.
We'll be back on Wednesday, December 26th with a post from our Chairman, Donald J. Trump.
Until then, I send best wishes for a joyous holiday season - and every success in 2008.
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Get in the Race in 2008
“When I die, I am not going to be there saying, Oh, I wish I had done this, and I wish I had done that. Because I did it.” - Francis Ford Coppola interviewed in the New York Times, December 16, 2007
That quote from the legendary filmmaker Francis Ford Coppola just about says it all, doesn’t it?
In life, there are those who sit on the sidelines and those who get in the race. If you’ve been warming the bench a bit too long in your life plan, why not make 2008 your change year? If you’re ready, we have the tools
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Recruit a Great Support Team for the New Year
Donald J. Trump is the most self-reliant, rugged individual I have ever known. Yet he often says that he could never have reached the pinnacle of success without the support of a great team.
Here’s just one instance of that philosophy, quoted from his book Trump 101: The Way to Success:
“Good leaders determine the teams they assemble. If you pick the best players and set the example, many good seasons should follow . . . Assemble a core group around you; create a great team. Fill in the group with people who will excel in their roles.”
If Donald J. Trump needs a good
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Are Female Real Estate Investors at a Disadvantage?
On Saturday night I watched an episode of TLC’s Property Ladder that followed one property investor’s difficulties in fixing and flipping a house. It was a familiar story, similar to others you will see on other “fix and flip” TV shows. She underestimated the renovation costs and had to exceed her $55,000 renovation budget for fix-ups.
In the end, the female investor still made $80,000 when she sold her property, so all ended well. But she definitely encountered some unpleasant surprises during her renovation. The roof needed not just new shingles, but new sheathing underneath. The backyard needed an expensive new drainage system, not just a cheap application of
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Tell Me About Your Favorite Real Estate TV Show
Flip This House, a popular show about people who apply the flip-and-fix strategy to real estate investing, is a big hit on A&E. Over at Bravo TV, you’ll find another show, Flipping Out, on a similar theme. If you watch them, you already know that they offer very different perspectives on real estate development.
I have personal opinions about what is realistic about these two shows, and what is not. But instead of writing about what I think today, I’d like to invite all of you to post your comments here about what you like and dislike about those two shows -
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Protect Your Family's Assets Too
Here's a story I'd like you to think about today.
It started on the day John bought a new laptop for Jeanne, for his 82-year-old mother. John set up the machine and showed her how to send e-mails to her grandchildren.
A week later, they were all cursing the computer. Jeanne had gotten a fake phishing email from a scammer who was posing as her bank. She followed the instructions in the email and gave away all her account information, including a credit card number. Fortunately, the computers at her bank sent up a red flag as soon as the crooks tried to use her credit card
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The Trump Entrepreneur Initiative Celebrates National Distance Learning Week
Dear 700,000+ members of The Trump Entrepreneur Initiative,
You are all pioneers in distance learning. So it will interest you to know that that next week, November 12-16, is National Distance Learning Week.
This nationwide event, sponsored by the United States Distance Learning Association (USDLA) , will promote and celebrate the tremendous growth and accomplishments of distance learning programs. It’s an event that is also attracting attention in the blogosphere.
Of course, I know that distance learning is thriving here on our virtual campus. But it might interest you to know that you are part of a growing trend. Here are some USDLA statistics that
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Your Silly Business Idea Could Be Worth Millions
Think your business idea is sillier than Silly Putty? These days, I think it’s safe to say David Ogilvy’s contention that “it only takes a big idea to attract the attention of consumers” no longer applies. The proof, my friends, is in the seemingly silly ideas that have managed to make these entrepreneurs extremely wealthy.
Christie Rein. In 2004, Christie Rein was over carrying her baby’s diapers around in a freezer bag. So, the 34-year-old mother decided to do something about it. She and her husband designed a custom diaper bag that was big enough to hold a travel pack of wipes
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Use Donald J. Trump's Proven Strategies to Become Rich
Have you noticed that The Trump Entrepreneur Initiative Wealth Building 101, our latest book, is making publishing history? It became an instant Amazon.com bestseller only days after it was published, and now it is rocketing to the top of other booksellers’ lists.
But when you stop to think about it, why shouldn’t that happen? When you offer people the opportunity to learn proven strategies for acquiring Trump-level wealth in a book that retails for a little more than $20 - well, they are going take notice and respond.
I hope you sit up and take notice too. But just in case you haven’t, here’s your chance to get
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Congratulations to the Winners of the Ask Donald J. Trump Contest!
Our recent Ask Donald J. Trump Contest invited members of the The Trump Entrepreneur Initiative community to submit questions to our Chairman, Donald J. Trump.
The response was terrific. In fact, selecting 10 winners from the 564 entries was a real challenge. It was so difficult that our judging committee picked a group of finalists and asked Mr. Trump to select the winners from among them.
He did. His winners have now been chosen and informed of their wins by email. They are . . .
Joe Comeau
Claire Huckfeldt
James Kayui Li
William Neder
Vinay Menon
Alejandro Pantoja
Rajesh Shakya
Mohamed Shedou
Ivo Verhaegh
Jason Wang
You can read both their questions and Mr. Trump’s answers here on the Trump blog during the
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The Trump Entrepreneur Initiative Wealth Building 101 Puts the Secrets of the Ultra-Rich in Your Hands
Let me tell you how to add our latest book to your library - and claim $300 worth of powerful wealth-building extras absolutely free
You’ve read articles about the ultra-rich. You’ve seen them profiled on television. You know about the houses they live in and the cars they drive.
But do you know how they achieved their riches? I will share some of their secrets with you now. But then I will do something even better. I will tell you how to start to join their ranks within the next 90 days.
But first, here are the secrets of the ultra-wealthy that I promised you.
The ultra-rich invest aggressively. They employ
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How to Educate Your Children without Breaking the Bank
As President of The Trump Entrepreneur Initiative, I have the opportunity to work with some truly brilliant people. That was the case recently, when some of the smartest people I know came together to cooperate on our newest book, The Trump Entrepreneur Initiative Wealth Building 101. I was in meetings with Gary Eldred (one of the most formidable real estate experts in the world), Philip A. Springer (the authority on retirement wealth) and Richard Parker (a man whose entrepreneurial wisdom is extraordinary).
During one work break, we started to talk about reducing the costs of a college education. Some great ideas started to fly all around, and I
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The Ask Donald J Trump Contest: Winners to Be Named Soon!
Thanks to all of yuo who entered our recent "Ask Donald J. Trump" contest.
Because there were so many of you (564 entries, in fact), it has taken our selection committee longer than we expected to judge them.
There were so many great questions that instead of picking the 10 winners ourselves, we selected a small group of finalists' questions and sent them to Donald J. Trump himself to select the winners. He is reviewing them now.
Please watch this blog for the results!
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Leverage: The Secret of Unstoppable Success
Leverage can be explained in many different ways, but let's keep it simple . . .
Leverage is the art of using other people’s resources to reach your goals.
Here are few ways to use leverage that have been mentioned on this blog over the last few months.
You can use leverage to buy a business. Richard Parker, our Instructor and America’s leading expert on buying businesses, explains that it is possible to buy a business with no money down by offering to partner with its seller. You become a partner in the business for a pre-negotiated period of time while the money you make becomes
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Who Controls Your Financial Destiny?
Alan Greenspan’s new book The Age of Turbulence is ruffling the feathers of many of the biggest eagles in Washington. Greenspan, the most respected economic analyst in the world, uses his book to point out how increased government spending, a growing trade deficit and other governmental miscalculations have put our country’s economic future at risk.
I am not going to take sides on the argument. This is not a political blog. At The Trump Entrepreneur Initiative, we teach our students the skills they need to achieve success predictably, year after year, through good and bad economic conditions.
Of course, governmental policies do affect the tactics
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The Ask Donald J. Trump Contest Enters its Final Five Days!
The Trump Entrepreneur Initiative’s new contest let’s you ask Donald J. Trump any question you want about success . . . and win a course from The Trump Entrepreneur Initiative too
Thanks to all of you who have sent questions to our Chairman Donald J. Trump.
It is my duty today to tell you that this Saturday, September 15th, will be the final day to submit questions. Our judging committee will spend next week reviewing all questions and selecting the winners that will be delivered to Mr. Trump.
If you haven't heard about this contest, let me review how it works.
The deadline for submissions is September 15th. That's just five days
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The Cure for Educational Sticker Shock
Students are returning to college classrooms all across America this month - and paying some very big dollars to be there.
Just what are they getting for their money? That’s a tough question to answer, but here are some stories that shed a little light on the question.
$50,000 Buys Fast Food
Barry Lenson, our editor, has taken his kid to visit about 20 colleges in the last six months. “Some of them seem to represent good value,” he tells me. “But others give you so little for your money that I’m amazed they’re still in business. We visited one well-known inner-city university that charges $50,000
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Ask Donald J. Trump!
The Trump Entrepreneur Initiative’s new contest let’s you ask Donald J. Trump any question you want about success . . . and win a course from The Trump Entrepreneur Initiative too
Since we announced our Ask Donald J. Trump contest three weeks ago, dozens of questions are pouring in every day. Don't you want to ask Mr. Trump a question too? Now's the time, because the contest closes on September 15th.
If you haven't entered yet, here’s how it works.
The deadline for submissions is September 15th.
It’s easy! Simply submit your question as a comment to this blog post. (Click on comments in the shaded box that follows this blog post and follow the
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Back at Your Desk after Labor Day?
Did you read yesterday’s blog post from our Chairman Donald J. Trump - the one he wrote for Labor Day? In it, he wrote that employees may soon be able to sue their bosses for creating unpleasant work environments. He also offers some great advice, Trump style. . .
“If you have a bad boss, if the boss is no good, if the boss treats you poorly, then quit. Leave. Do something.”
Most of us have worked for bad bosses at some point in our lives. Stanley Bing, a terrific writer, has written a book called Crazy Bosses about how damaging it can be to
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Our Ask Donald J. Trump Contest Enters Week Three
The Trump Entrepreneur Initiative’s new contest let’s you ask Donald J. Trump any question you want about success . . . and win a course from The Trump Entrepreneur Initiative too
We announced our new Ask Donald J. Trump contest two weeks ago. Dozens of questions are pouring in. So . . . do you have a question that you’re dying to ask Donald J. Trump? Now's the time, because the contest closes on September 15th.
Here’s how it works. The Trump Entrepreneur Initiative is sponsoring a unique new contest that could let you ask the great Donald J. Trump any question you would like.
The deadline for submissions is September 15th.
It’s easy! Simply
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U.S. News, Why Didn't We Make the List?
The most awaited issue of U.S. News & World Report has hit the newsstands. You know - the one that ranks top American colleges and universities. It’s being snapped up by eager parents and kids who are looking for the college that’s right for them.
And did you know that The Trump Entrepreneur Initiative is not listed among the top schools? In fact, The Trump Entrepreneur Initiative is not listed at all. We didn’t expect to be, because we are not a degree-granting institution. (Not yet, at any rate.) Our name should not appear alongside Harvard, Yale or Princeton. Let’s be realistic, we are a very
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Ask Donald J. Trump! The New Contest from The Trump Entrepreneur Initiative
The Trump Entrepreneur Initiative’s new contest let’s you ask Donald J. Trump any question you want about success . . . and win a course from The Trump Entrepreneur Initiative too
We announced our new Ask Donald J. Trump contest last week and already dozens of new questions have come pouring in. So . . . do you have a question that you’re dying to ask Donald J. Trump?
Here’s how it works. The Trump Entrepreneur Initiative is sponsoring a unique new contest that could let you ask the great Donald J. Trump any question you would like.
The deadline for submissions is September 15th.
It’s easy! Simply submit your question
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Mortgage Mayhem: How to Survive and Profit
I read two disquieting articles in The New York Times just two days ago:
“Credit Time Bomb Ticked, but Few Heard” provided a timeline that showed at a glance just how may subprime lenders have shut their doors since 2006. It also predicted coming bankruptcies and told the stories of young professionals who have put their home-buying dreams on hold while they ride out the crisis.
“Loan by Loan, the Making of a Credit Squeeze” was even more disturbing. It told the story of a husband and wife in Connecticut who bought their first house for a relatively modest $180,000, but then paid for a new
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The Trump Entrepreneur Initiative's Free Foreclosure Training Programs: New Locations for You!
"In March 2006, my husband and I attended a class with Denise DeVoe as the instructor. Since then, we have purchased over $2.3 million worth of properties [and achieved] a net worth of $700,000. We know that Denise DeVoe's class was the beginning of an improved lifestyle for us and our family. We would and do recommend her to everyone!" - Denise Barone
People in cities from coast to coast have raved about The Trump Entrepreneur Initiative’s free foreclosure seminars, hosted by Denise DeVoe.
Denise is a powerhouse of a real estate investor. At the age of 19, she bought her first property. She has
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Ask Donald J. Trump! The Trump Entrepreneur Initiative's Great New Contest
The Trump Entrepreneur Initiative’s new contest let’s you ask Donald J. Trump any question you want about success . . . and win a course from The Trump Entrepreneur Initiative too
Do you have a question that you’re dying to ask Donald J. Trump?
Here’s your chance! The Trump Entrepreneur Initiative is sponsoring a unique new contest that could let you ask the great Donald J. Trump any question you would like.
Here’s how it works:
The deadline for submissions is September 15th.
It’s easy! Simply submit your question as a comment to this blog post. (Click on comments in the shaded box that follows this blog post and follow the instructions.)
Your question
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Think Globally, Invest Locally
The last few weeks have been anything but calm in the world financial markets. Just last week, central banks worldwide pumped an unprecedented $323 billion into money markets to try to halt declines and restore investor confidence in futures markets. During that same week China (which now enjoys the biggest trade surplus over the U.S. in history) threatened to use its U.S. dollar holdings against us if our government instituted new trade restrictions on Chinese goods. Then the French government intervened to shore up funds that had invested in failed American sub-prime mortgage lenders. And then there were the falling stock prices
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When $Millions Just Aren't Enough
“In Silicon Valley, Millionaires Who Don’t Feel Rich,” an article in Sunday’s New York Times, profiles a millionaire named Hal Steger. Mr. Steger, a marketing executive, seems to have it made. He and his wife own their $1.3 million house free and clear. They have more than $2 million in savings.
Yet Mr. Steger still goes to his office every day, where he usually puts in 12-hour days. He’s betting on the start-up company where he works to hit it big so he can make some real money.
And you know what? Mr. Steger is a very, very smart guy. He told the
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Flipping Out on Bravo TV: Adventures of an Out-of-Control Real Estate Developer
I don’t know whether you watched the premiere of a new reality show called Flipping Out on Bravo TV last night. I did. The show will follow a real estate developer named Jeff Lewis as he buys, renovates and sells upscale houses in Los Angeles.
Lewis engages in some pretty erratic practices. He consults psychics and spiritualists before buying or selling properties. Before he put his own house on the market, he replaced all his own furniture with special “staging” furniture that he keeps in storage for the purpose. Then he forced his eye-rolling staff to light candles and take part in
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Make a Revolution in Your Life
Just last week, Yale University announced that it will offer classes on the Internet. There’s no doubt about it. When an institution as traditional as Yale moves toward Internet learning, the walls of the traditional classroom are beginning to tumble down.
It’s just another step in the revolution that was predicted by Alvin Toffler as long ago as 1991 when he wrote his visionary book Powershift: Knowledge, Wealth, and Power at the Edge of the 21st Century. “We live at a moment when the entire structure of power that held the world together is now disintegrating,” Toffler wrote. “A radically different structure of power
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News from the The Trump Entrepreneur Initiative Campus
Enrollments are soaring at The Trump Entrepreneur Initiative. New instructors are coming on board. We’re developing and offering a broad range of terrific new courses.
So today seems like a good time to highlight some of the new ways that The Trump Entrepreneur Initiative can help you build your success.
Check out our new Live Events. The Trump Entrepreneur Initiative now offers you dynamic live events, held across the country. Whether you want to buy foreclosed properties or protect the assets you have worked so hard to build, our events teach you everything you need to know - in one short day of intensive learning.
Subscribe to the new and
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The Difference between Being Rich and Being Super-Rich
A new book, The Number, by has some pretty unsettling news for people who didn’t get a massive inheritance from their parents.
The eye-opening news is that $1 million, $5 million, $8 million or more might not be enough to assure you a comfortable retirement. A chronic illness can wipe out $1 million a year. Even a common extravagant lifestyle, like owning one house more than you really should, can quickly reduce that $8 million to a puddle if you have no new money coming in.
You are getting the idea. If you fly blind into retirement without working the numbers - and often, without
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Adult Kids Returning Home
Sorry, parents. Just when you thought the kids were out of the nest, a lot of them are coming home.
With the rise of housing costs and with jobs harder to find, more than half of all college graduates are returning home to Mom and Dad, moving back into their childhood bedrooms.
Just last year, more than one million families had young adults back at home. That’s an increase of more than 28% from just two years earlier.
Sure, letting the kids move back in for awhile will help them get on their feet financially, but make sure it’s not a long-term solution. My
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Profitable Lessons from Multi-Unit Foreclosures
A real estate developer I know said something interesting to me last week.
“Virtually all the foreclosed properties out there are single-family homes or condos,” he said. “If you can find me more than a handful of foreclosed multi-unit properties, I’ll eat my shirt. It’s because people almost always make money in multi-units, so they don't go into foreclosure.”
An interesting statement, for sure. So I started searching online for statistics about multi-family foreclosures. What percentage of all currently foreclosed properties are multi-units? I had no luck finding out.
But then I went to a popular online foreclosure listing service, Foreclosurewarehouse.com. Sure enough, I found multi-unit properties
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The Seven Critical Traits of Top Entrepreneurs
As President of The Trump Entrepreneur Initiative, I meet often with our Chairman, Donald J. Trump. I never forget that just about every businessperson in the world would envy that opportunity. Who wouldn’t want to sit down with Donald J. Trump to get his expert advice on building an enterprise?
This morning, I’d like to share some of the insights I have gained in those meetings. I’ll call them the Seven Critical Traits of Entrepreneurs, because they are business-building themes that Mr. Trump stresses often and energetically.
1. Have passion - Mr. Trump has never said to me, “Be passionate!” Yet it’s at the core
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Winning Real Estate Strategies for Uncertain Times
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 from Pacific Security Capital offers some excellent ideas. Although Moore writes from the perspective of a company that specializes in commercial real estate, its strategies apply to most any real estate investing tactics you can make.
Here is a summery of the five of the risk-minimizing strategies it recommends:
1. Buy or build from the market’s perspective. Understand what product type and demographic location the highest market demand is seeking and how you appeal to it.
2. Know market costs and dynamics, as well as market prices,
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Is This Your Year to Invest in International Properties?
“Real-Estate Investors Head Overseas,” an article by Jeff D. Opdyke in Thursday’s Wall Street Journal, reported that more American real estate investors are acquiring property in foreign countries. Other U.S. investors are investing in foreign REITs and real estate funds.
It’s intriguing to think about investing abroad, but it can be speculative and risky. Without an insider’s knowledge of the countries where you intend to invest, you can be in for unpleasant surprises. Exchange rates can work on your behalf, or against you, when you buy or sell. A strong dollar can make foreign properties bargains; a gradually weakening dollar can make
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Real Estate: More Shingles are Shaking Loose for Investors
An article in yesterday's Miami Herald provided more evidence that to be successful in real estate today, you have to keep your eye on a number of trends at the same time:
Slowing construction. Construction of new apartments and homes dropped by 2.1 percent in May to 1.474 million units - 24.2 percent below the level of a year ago.
A lingering surplus of available new homes. Thousands of new homes are unsold and homebuilders are offering new sales incentives to buyers, including kitchen upgrades and free decks.
High interest rates. Freddie Mac's national survey of interest rates for 30-year mortgages hit an 11-month high of 6.74 percent last week.
And then on the same
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Don't Lose What You Worked so Hard to Achieve
Why do smart people fail to prepare for unfortunate events in their lives? After all, bad things happen in even the happiest lives. They are predictable. Looking the other way isn't going to offer any safeguards from them.
You and I might not like to think about it, but odds are that you or I will encounter one or more of the following problems at some point in our lives.
A financial setback, such as the loss of a job or the failure of a businesses
An illness that causes us to lose time at work
A lawsuit that threatens our finanical well-being
The expense of caring for aging or ailing parents
A retirement lifestyle
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Spend Your Marketing Dollars the Smart Way
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 The Trump Entrepreneur Initiative:
Identify your competitors’ weaknesses and target them directly. Be the only car dealership dealer in your region that offers Saturday service hours or wifi in your waiting room - or be the only health club in your region that has a babysitter on staff. Then trumpet that advantage in your ads.
Deliver your marketing message through tightly focused media. If you are targeting young families in just a few towns, putting handbills or posters in daycare centers can give you
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Remember the Big Picture: A Word of Advice for Recent Graduates
Congratulations, June grads! You are about to start one of he most energizing periods of your life. What could be more exciting than taking what you have learned and creating a productive and interesting life?
If you are beginning to look for a job, I'd like to offer two pieces of advice.
First, keep the big picture. Your first job will probably not turn out to be the perfect job for you. But I am certain that it will offer you opportunities to learn many important lessons. Perhaps you will learn about a certain technology or about how to sell. And you will certainly learn how to work with other people and get ahead. So
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The Trump Entrepreneur Initiative Foreclosure Seminars Coming to California Next Week
If you are eager to learn how to make a great deal of money in foreclosures and would like to minimize your risks at the same time, I would urge you to investigate two foreclosure workshops that The Trump Entrepreneur Initiative will be holding in California next week:
Friday June 15, 9AM - 3PM at the Portofino Hotel and Yacht Club, Redondo Beach, CA
Saturday June 16, 9AM-3PM at the Renaissance Agoura Hills Hotel, Agoura Hills, CA
Both seminars will be lead a member of the The Trump Entrepreneur Initiative instructors who has built a substantial real estate empire that includes many foreclosed properties. Like all The Trump Entrepreneur Initiative
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There's More Profit in Multi-Unit Properties
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 real estate investing, you could be making a very big mistake:
Are all the rental units in the property legal? Have your attorney check with the municipality where the building is located to be sure that they are. If units turn out to be illegal and the city disallows them, that could damage your rent roll and turn the
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It's The Trump Entrepreneur Initiative's Birthday - and You're Invited to the Party
It's no secret that The Trump Entrepreneur Initiative is the fastest-growing institution of higher learning on the Internet. We opened our doors two years ago, and we already have more than 500,000 members.
We thank you. Without you, there would be no The Trump Entrepreneur Initiative.
Because we could not invite you all to New York to celebrate, we have created a virtual block party on our campus. We can't give everyone cotton candy, but we can do something even better to show our gratitude.
When you visit The Trump Entrepreneur Initiative online over the next two weeks, you will find a revolving selection of our products on sale at near give-away prices
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No-Fail Financing Strategies for Today's Market
When history books are written, the year 2007 will probably be called “The year of real estate upheaval.”
First there was all the talk about the real estate bubble. Then came the subprime lending crisis, followed by a surge in the number of foreclosed properties hitting the market. Then just last week, there were widespread reports about falling prices and a surplus of newly constructed homes across the country.
What does it all mean if you are trying to get your first mortgage and get started in real estate?
There’s some good news. Despite all the uncertainty in the markets, you can still strategize
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Cash In on the Boom in New Home Sales
If buying and holding new houses is your strategy for investing in real estate, this could be your lucky day.
Thousands of new homes are on the market - and they are selling for record low prices. Here's what the Associated Press reported yesterday:
981,000 new homes sold in April. That’s a jump of 16.2 percent over April of last year - the biggest one-month jump in 14 years.
But at the same time, new home prices are tumbling. The median price of a new home fell 11.1 percent between March and April alone. As the AP article explained, “The big price decline indicated that builders are slashing prices in an effort to move a
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Don't Let Foreclosure Riches Pass You By
Every day brings new data about the current foreclosure boom. Just yesterday, Foreclosure Bank released statistics indicating that property foreclosures across the 50 states are running at a rate 46% greater than last year at this time. And during the first quarter of 2007, foreclosures rose 25% over the final quarter of 2006. How can you not pass on the profit from foreclosure opportunities?
I would urge you to register for our Real Estate Foreclosure Coaching Program. There are no other courses like it anywhere. But in case you think my only purpose here this morning is to enroll you in one
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Leverage Huge Profits in Multi-Families and Multi-Units
In response to my post of May 6, The Trump Entrepreneur Initiative Member 8230 posed a question that will interest all our members:
“Three years ago I decided to expand a small one-room business into a four-room Day Spa in the No. VA area. I spent my own money with not much wiggle room financially. I have seven employees. Next door to the building my spa is located it in is a larger building with 11 rooms for sale. I want to own a building that my business can be located in and it's in the same town that is important to be in. I
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Auctions Signal New Opportunities in Foreclosure Sales
An article in today’s Wall Street Journal*, “Mortgage Woes Force Banks to Take Hits to Sell Homes,” alerts me to a trend you need to know about: a significant change in the way banks are disposing of foreclosed properties.
The article, by James R. Hagerty, reports that on Saturday, The Real Estate Disposition Corporation of Irvine, California, organized a property auction in San Diego where nearly 100 foreclosed homes were offered for sale at one time. More foreclosure auctions are planned for May 19th in Los Angeles and for May 20th in Riverside. Click here to visit The Real Estate Disposition Corporation’s
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Opportunities Soar in America's Hot Real Estate Pockets
"The national housing market is better understood as a collection of small, local housing markets. Even if a bubble were to develop in a local market, it would not necessarily have implications for the nation as a whole." - Federal Reserve Chairman Alan Greenspan, speaking before the Joint Economic Committee of Congress.
“Where Home Prices Are Hot Now,” an article in today’s Wall Street Journal,* reports that property prices are surging strongly in: Boise, ID; Charlotte, NC; Raleigh, NC; Portland, OR; Salt Lake City, UT; Austin, TX; Houston, TX; and Seattle, WA.
Between 2001 and 2005, property values in those cities were
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Create Wealth By Grabing the Golden Ring
"Don’t Let Other People Live Your Dreams" - Michael Sexton
There is really only one thing that billionaires have in common - the Warren Buffetts, Richard Bransons, Donald J. Trumps and Oprah Winfreys of the world. At some point in their lives, they realized that they could never reach their dreams by working for other people, so they all started companies of their own.
So what about you? Where do you stand on this issue? Are you ready to start your own company? Are you ready to create wealth?
If not, I have a The Trump Entrepreneur Initiative class assignment for you. I want to give you
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Property Selling Secrets of the Masters
What is the best way to sell a property today? Keep it simple. The more unsettled the market becomes, the more important it is to stick to the basics.
Identify your ideal customers. Are they young couples just starting out, baby boomers nearing retirement age, or something else? Identify your target group, then add or accentuate features that will appeal specifically to them. It could be attractive financing for first-time buyers, a shuttle bus to the train station for young professional commuters or a daycare center for young families. Don’t try to be everything to everyone. Instead, be the right thing for
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Millionaires, Millionaires Everywhere!
The movie Field of Dreams taught us, “If you build it, they will come.”
Well we did build it - a powerful, free, three-day program on how to become rich - and boy, did they come! They came from across the country to hear The Trump Entrepreneur Initiative’s star wealth guru, Greg Warr. (That's a picture of Greg to the right.)
Greg didn’t only promise to “deliver the goods” by telling people how to amass wealth fast. He actually took ideas like these from the realm of fantasy and translated them into step-by-step advice:
Buy a house with no money down and instantly put $25,000 in
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What Is It Worth? Secret Strategies for Evaluating a Business
Richard Parker, instructor 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 will provide you with an acceptable return on your investment and also allow you to service any debt, pay yourself and build the business.
To give you an overview of how that is done, let me crack open the door of Parker’s virtual classroom and give you a glimpse of the different approaches
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Change Your Life in Three Days
The Trump Entrepreneur Initiative Takes Live Learning a Level Higher
Since the day The Trump Entrepreneur Initiative 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 under development for months. We have worked with the The Trump Entrepreneur Initiative instructors, with educational consultants and with Mr. Trump himself. As a result, our Immersive Retreats are something quite unique:
You have to set aside three days to attend them. That’s right, three days. They’re only for people who are willing to make a genuine commitment
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Help for Owners of Foreclosed Properties
An article in Wednesday’s Washington Post reports some very encouraging news. The Neighborhood Assistance Corporation of America (NACA), a housing advocacy group, has raised $1 billion to help refinance the mortgages held by thousands of lower-income people who are at risk of losing their homes. The funding has been secured by CitiGroup and the Bank of America. My hat goes off to NACA and its backers in this initiative.
Still, it remains to be seen how far that $1 billion will go to combat a wave of foreclosures that yesterday's Home News Tribune describes as a “tsunami” in the state of New
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Two Marketing Mistakes that Kill New Businesses
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 entrepreneurs need to overcome are cockiness and laziness. Let’s take a closer look.
Cockiness - You can hear this attitude in the words of one student who told instructor Don Sexton, “I don’t need to worry about marketing. People would be crazy not to buy my product.” That’s backwards thinking - or worse. People will never be
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Spot Real Estate Opportunities the Donald Trump Way
“Education, research, knowledge - learning in general - are at the core of my success.” - Donald J. Trump
We’ve been working on a new book here at The Trump Entrepreneur Initiative, The Trump Entrepreneur Initiative Wealth 101. It won’t be published for a few months, but I didn’t want to make you wait that long to learn some truly remarkable insights from our Chairman, Donald J. Trump, on the art and science of developing properties.
Trump Secret #1: Be Thorough
“Plug in and learn everything you can,” Mr. Trump writes in the new book. “You never know when information will come in handy.”
For example, Mr. Trump
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A Real Estate Agent Can Be an Investor's Best Friend
Real estate agents aren’t only for families who are looking for homes. They can also be important allies for real estate investing.
An agent who knows your investing priorities will be out there working for you every day, culling through new property listings on your behalf. If you turn out to be a good customer, he or she will also tell you about properties before other investors hear about them.
Although you have to work with an agent for months before you can know how well the relationship is working, you can ask these questions as soon as you meet to gauge whether
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The Five Critical Habits of Real Estate Success
In his book The Seven Habits of Highly Effective People, Stephen R. Covey observed that a lot of our success is built on the small habits that we cultivate daily. That principle applies to real estate investing too. If you observe successful real estate investors and developers, you will see that they have cultivated some highly effective habits too:
Habit #1: Being curious. Successful real estate investors hunger to learn something new every day. One day, they will learn all about a new kind of mortgage. The next day, it will be a new kind of insulation. Their learning never stops.
Habit #2:
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Opportunity Won’t Knock Twice: Why Today is The Day to Get Rich with Foreclosures
What is really about to happen with mortgage foreclosures in the months ahead? I have been reading some pretty sobering news in many places over the last week.
An article on Reuters last week, “Top Investor Sees U.S. Property Crash,” reports on Jim Rogers, a top commodities investor. Rogers is predicting that property prices in some areas of the U.S. will fall between 40 and 50 percent when the foreclosure bubble bursts. He’s selling his mansion and moving to Asia. It’s very strong stuff. To read the article, click here.
Another article in the Wall Street Journal, “Green Thumb: Bulletproofing Your Mortgage,”
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A Great Start in Real Estate: An Interview with J. B. Olson
In 2005, J. B. Olson was only dreaming about real estate. Today, he owns 11 residential properties in and around Minneapolis. In this conversation with The Trump Entrepreneur Initiative’s President Michael Sexton, J. B. tells us about where his real estate dreams are now - and where they are going.
Michael Sexton: What were you doing before you started investing in real estate?
J. B. Olson: I taught elementary physical education for eight years! And that was a few years longer than I should have, because way back in 2000, I read Robert Kiyosaki’s book Rich Dad, Poor Dad and I got it. I understood
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Your Small Company Can Market as Effectively as the Big Boys
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 your own course and outdistance them.
In fact, there is a secret of marketing success that will actually give you an advantage if you are a small, new business. And that secret is focus. If you focus on your customer and focus your marketing efforts, you
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Entrepreneurship Is Your Road to Riches
When you think of becoming an entrepreneur, 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 that comes along with owning your own business.
But have you also thought about how efficient an entrepreneurship really is? If not, think about these benefits.
Time leveraging. All the time you invest in your business is directed at building your own wealth and resources. No more sitting in meetings working on projects that have nothing to do with your own goals. No more killing yourself
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Entrepreneurial DNA: Do you have what it takes to succeed?
Michael Sexton interviews Thomas L. Harrison, author of Instinct: Tapping Your Entrepreneurial DNA to Achieve Your Business Goals
Thomas L. Harrison might be America’s most unusual CEO. He began his career as a research scientist and cell biologist. As the pull of entrepreneurship became stronger and stronger for him, he finally hung up his lab coat and plunged into the world of business. Today, he is Chairman and CEO of Omnicom Group’s Diversified Agency Services, the world’s largest holding group of marketing services companies.
Harrison’s deep insight into parallel disciplines - genetics, psychology, and management, to name just a few -
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Real Estate Investing Profits from Properties that Other Investors Ignore
“I have been doing great during the recent slump,” a Michigan-based developer named Jonathan told me recently. “I buy, renovate and resell one and two-family residential houses in inner cities. Other developers ignore these properties and prefer to work in more upscale locales. But there are many solid families in inner cities that are eager to own their first homes and live the American dream.”
That’s the kind of niche-oriented thinking that can keep sound real estate investing strong in slow markets. Smart investors are making profits in other niches properties like these:
Rental properties near colleges and universities that attract students and instructors
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The Only Risk-Free Way to Become an Entrepreneur
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 businesses are available. There are publishing companies, bicycle shops, Internet service providers, restaurants and just about any other kind of enterprise you can name. Many of them are available at very attractive prices.
But let me give you a word of caution. Before you pick up the phone and
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Avoid the Entrepreneurial Mistakes that Sink Start-Ups
A The Trump Entrepreneur Initiative student told me that ten years ago, she started a business that failed after four years. Now she is with us, acquiring the knowledge she needs to be a successful entrepreneur the second time around.
Just a few hours into the course, she learned an important lesson. “Even though my business lasted four years,” she says, “I made mistakes that killed it before I even opened my doors.”
The right kind of planning during the earliest stages can make or break a business. This morning I’d like to lay bare some of the mistakes that kill new businesses fast.
Mistake #1: Failing to
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A Note Regarding Spam and The Trump Brand
Attention The Trump Entrepreneur Initiative Community:
It has come to our attention that an online marketer crossed the spam line while using the Trump name and appearing to promote our programs. This online marketer was not working under our approval or direction. The Trump Entrepreneur Initiative is against spam and practices only permission-based marketing. Spam is not our style, nor does it represent what The Trump Entrepreneur Initiative is all about. Yes we want to spread the word about The Trump Entrepreneur Initiative, but we avoid aggressively pushing our offerings to individuals who are not interested in our products. We are in the process of rectifying this situation as
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Avoid the Mistakes that Kill First-Time Real Estate Investors
Is it a great time for real estate investing? Or is it a terrible time?
Today and every day, those are difficult questions to answer. Some things are bad about the current market ... we’ve all read that housing starts are down and that there are many houses sitting unsold on the market. But we are getting a very mixed message. Just last week, the Mortgage Bankers Association predicted a strengthening market by mid-2007. Of course, that’s good.
So is it a good time to invest, or a bad time?
I have a simple answer. It is a good time for real estate investing..
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Create Wealth from the Customers You Already Have
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 costly. In fact, many businesses report that it takes more than a year before a typical customer represents a profit, not an expense.
What is the solution? You could go on spending money to win more customers - and you should. But you need to do something else too:
You need to
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The Great Marketing Information Giveaway
You’ll be glad that you stopped by today, because The Trump Entrepreneur Initiative 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 next week or next month. You don’t have to send us an email to request it either, because we have already given you all this information in recent postings on this page.
In case you missed it, here it is for you. So grab that mouse and get clicking.
Learn how to build your brand. (Trump Blog Post of
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Know Your Customer, Create Your Success
I'd like to ask you a very basic question today:
When you become an entrepreneur, will 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 ask them that question. Here is what they told Barry:
Entrepreneur #1 answered, --Well, I know who my customers are, but I have never actually spoken to any of them.--
Entrepreneur #2 said, --I have spent a lot of money on focus groups that told me what my customers like, and don't like, about my
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Why Starting a Business Remains the Path to Creating Wealth
--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 first jobs. (All data on the net worth of these men comes from the Forbes article.)
Franklin Otis Booth Jr., an investor and rancher, started as an electroplater, making 65 cents per hour. Today his net worth is $1.9 billion.
Danny Gilbert, managing partner of Gilbert & Tobin, fueled his entrepreneurial fires as a kid by selling homemade pizzas out of his family's kitchen
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Think Like a Winner in 2007
Words of Wisdom from the New Book, Trump 101
Donald J. Trump, Chairman of The Trump Entrepreneur Initiative, knows that success begins in your own mind. So as the year 2007 begins, I'd like to offer you his thoughts on success, taken from the pages of his new book, Trump 101.
--Ask yourself whether you're doing what you want and what is right for you.--
--Be positive every day. If you're not, no one will think you can succeed.--
--Believe in yourself, exude confidence, and get in your competitors' way. Project yourself into their picture and upset their status quo.--
--Break loose from your comfort zone by moving
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Welcome to the Trump Advantage Club: The Resources of the Ultra-Rich are Now Available to You
This morning, it is my pleasure to invite you to become a Charter Member of The Trump Advantage Club. Like everything we offer at The Trump Entrepreneur Initiative, it is unique, new, and extremely high in value.
We started developing the idea for The Trump Advantage Club more than a year ago when Donald J. Trump challenged us to build an exclusive club where members could learn the secrets of accruing significant wealth - but without restrictive membership fees or other obstacles that would keep people out.
Would the business model work? As we crunched the numbers and refined the concept, we discovered that it
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Why It Is Better to Forgive
We stand with our Chairman Donald J. Trump and his decision to pardon Tara Connor, Miss USA, after she broke pageant rules by partying too hard in New York City. As you know, his decision has caused white-hot controversy in the media and on this blog.
When you cut through all the media frenzy, it all comes down to one simple thing. Ms. Connor was a young woman who made bad decisions, and Donald J. Trump pardoned her and gave her another chance instead of stripping her of her title.
I'd like to cut through even more of the hype this morning, by
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Give the Gift of Success this Holiday Season
If you would like to give a gift that will change someone's life in the New Year, take a close look at this year's selection of special holiday gift packets from The Trump Entrepreneur Initiative. You'll find books, audio courses, self-assessments, online courses - and lots more. All of these packets deliver remarkable value, just in time for the holidays.
For Someone Who is Just Starting a Career . . .
The Career Booster Packet combines three of our most popular career audio courses in one powerful package. Your lucky relative or friend will unwrap Get That Job; Play to Win in Business and in
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What You Don't Know about Refinancing Can Hurt You
The Trump Entrepreneur Initiative 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 conversation between The Trump Entrepreneur Initiative President Michael Sexton and EJ Ridings, President of Trump Mortgage, one of the fastest-growing lending institutions today.
Michael Sexton: I just read an article that described homeowners who use their homes like --cash registers--
EJ Ridings: In general, there are three reasons to refinance your mortgage. First, to lower your monthly
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Give Yourself Success in 2007
While you are shopping for holiday presents this month, why not buy yourself a great present too? Why not invest in your own success?
If you haven't taken a look at The Trump Entrepreneur Initiative's Course Catalog, you'll find many courses that can bring you significant success in the year to come. And don't forget to check out The Trump Entrepreneur Initiative's holiday special offers too. You're sure to find a success package that's right for you - or for someone special on your shopping list.
Break out as an entrepreneur...
The Entrepreneurship Mastery Program. Learn everything you need to start a business - how to test your
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Your Personal, Portable Real Estate Investing Guru
You can learn a lot in the school of hard knocks. But why would you want to enroll in the first place? Wouldn't it make more sense to make the best decisions on the first try? Of course it would, especially in real estate, where mistakes can be very costly indeed.
Take Robert, an enthusiastic young guy who enrolled in The Trump Entrepreneur Initiative’s program in real estate investing earlier this year. Before he came to The Trump Entrepreneur Initiative, Robert had gone to superhuman lengths to buy his first one-family fixer-upper. He borrowed money from his parents to make the down payment. He spent eight
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When You Own a Business, You Create Wealth
Several weeks ago I had a conversation with Larry Gessner, a very active member of the The Trump Entrepreneur Initiative community.
Larry told me about an inspiring quote that he keeps posted on his office wall. It comes from a speech that Theodore Roosevelt gave in Paris on April 23, 1910. I'll share it with you in a moment, but before I do, I'd like to point out that if Roosevelt were around today, he would address comments like these to women as well as to men. Times have become less sexist, and I believe that Teddy would have changed too. But here's the
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Nothing But the Best
The Trump International Hotel & Tower Waikiki Beach Walk just set a world record for one-day property sales in a single development. All 464 of the development's residences sold on the first day they were offered, bringing in more than $700 million.Despite the price range of $450,000 - $2,740,000, it's no wonder these residences sold out that fast. Just look at what the Waikiki Beach Walk offers: A spectacular design blends Deco and traditional Hawaiian design elements. There's an indoor waterfall too. Luxury amenities include a full-service spa, an infinity pool, an extensive wine cellar and a library reserved for the
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Power Marketing to Create Wealth in a Fast-Changing World
In today's competitive marketplace, marketing makes the difference between failure and success. If you doubt that statement, look at your shoes. With millions of different shoes on the market, how did those two particular shoes make it onto your feet this morning?
You might say that you picked the shoes with the most innovative design. But is that really true? If you browse a footware website like Zappos.com, you'll find thousands of highly innovative designs. There are sandals that look like sneakers, loafers that look like hiking boots, perforated shoes that let the air in but keep the water out and sneakers
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Powerful Marketing Ideas for the New Internet Age
Last week I had lunch with a CEO who had just asked his Website team to re-optimize his company's site. "We've got to get more traffic to our site," he told me, "or else we're never going to sell more product."
Of course, he's right. To sell on the Internet, you need traffic. But getting traffic is a lot harder than it used to be, given the staggering number of companies doing business on the Internet. The greatest optimization in the world will probably land your company mid-pack in search results and when those visitors arrive, they better find something pretty unique,
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Five Real Estate Investing Strategies that Outperform "Fix and Flip" in Today's Market
You've read the new stories. Record numbers of houses are sitting on the market unsold. Prices have sagged. New housing starts in October 2006 fell 17.9 percent behind October 2005. And to make the situation worse, interest rates are high enough to scare away buyers.
When you add up all those factors, it becomes clear that this is no time to expect to sell properties quickly for top dollar. That, in short, is why it's time to set aside the "fix and flip" approach for real estate investing until the current market turns around.
But some strategies allow you to not only outperform the
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In Real Estate, Fortune Favors the Brave
Just how bad is the current real estate investing market? It is difficult to say.
Last week, a story on Fox News reported that "The pace of U.S. home building unexpectedly strengthened in September as new housing starts rose 5.9 percent." However, a story in Mortgage News Daily emphasized that despite that uptick, new housing starts are still running 17.9 percent behind where they were one year ago.
So what is the best way to play the current market? Here's a summary of advice I'm hearing from The Trump Entrepreneur Initiative instructors.
Take advantage of the strong buyer's market. There are many areas of the country
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Knowledge Plus Ambition = Success
Data from the U. S. Census and other sources tell us that people with college degrees usually earn more money than people who don't have them. But no matter how hard you scour the Internet, you won't find any statistics aboutthe growing number of self-educated entrepreneurs who are joining the ranks of the supremely successful. Some of them have college degrees, some don't. It doesn't matter that much. A combination of knowledge and ambition propels them into the ranks of the extremely wealthy.A good place to study these new achievers, and find inspiration, is Entrepreneur Magazine's Young Millionaires 2006 list. There
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Master Your Marketing, Claim Your Success
It takes more than salespeople to assure your long-term success.
You have started a new company. Now how are you going write a business plan 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 advertising," you are thinking like most entrepreneurs. Those are good ideas, because you need to start triggering buying behavior among your target consumers.
However, you need something else too. You need strategic marketing, because selling or advertising alone will not assure your success in the long
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Join the Ranks of the New Achievers
"Eleven Companies Changing the World," an article in the September 20 issue of Business 2.0, profiles some of the most agile and aggressive young entrepreneurs out there today. If you want to take a page from their book and get your enterprise on the map fast, it is worth knowing what they are doing:
Tariq Krim began offering easily customizable start pages through his Netvibes startup in September, 2005. The enterprise is growing fast and should have 15 million users by the end of 2006. When Krim was 12, he hacked into France's Minitel computer system and built a messaging application for
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October 6, 2006: A Day that Can Change Your Life
A unique, exclusive invitation for the students of The Trump Entrepreneur InitiativeWhat are you doing on October 6, 2006? Are you free from 8:30 AM until 5:30 PM?I ask because it will be a day when you can literally write a new script for your success. On that day at the Jacob Javits Center in New York, an organization called The Power Within will host a formidable gathering of influential leaders. Better yet, you are invited. The Trump Entrepreneur Initiative has arranged for special discounted admission fees for our members. But before I extend that offer to you, let me tell you who will be
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Real Estate Investing Success Comes from Making the Numbers Work
"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, Financial Times of London, September 25, 2006.
Over the last month, articles like the one have been appearing almost daily in magazines and newspapers. They tell us that we're in a slump, the bubble has burst and the real estate market is flat as a pancake.
But if you look at that quote above, doesn't it say
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The Ultimate Win/Win Business Plan
When you profit in real estate, other people profit too.
You've seen it on the evening news and read about it online. Trump Entertainment Resorts Inc. is pursuing plans to build a magnificent new hotel casino in Diamondhead, Mississippi. It might be as beautiful as the Trump Marina, pictured to the right.
Where is Diamondhead? It is located on Interstate 10, a little northeast of New Orleans on the Bay of Saint Louis. In other words, Diamondhead sits in the heart of Hurricane Katrina country.
You've seen it on the evening news and read about it online. Trump Entertainment Resorts Inc. is pursuing plans
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Is Buying Your Own Company a Good Business Plan?
Many people believe that buying your own business is too risky. But personally, I think that putting your fate in someone else's hands carries far greater risk.
Of course, there are risks in buying a business. But many of them, if not all, can be eliminated by doing your homework beforehand. If you follow these steps recommended by Richard Parker, instructor of The Trump Entrepreneur Initiative's new course The Art of Buying a Business, you'll be well on your way:
Educate Yourself. Accept the fact that nothing you've done before has prepared you for the business-buying process. Even if you've handled corporate acquisitions in the
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Mastering the Art of the Three-Minute Pitch
Michael Sexton interviews Ricardo Bellino, author of the new book, You Have Three Minutes!Imagine yourself walking into Donald J. Trump's office, where you will have only three minutes to sell him your most cherished business idea. He's hurried. He seems uninterested. But your presentation is so compelling that he starts to listen. Then he smiles and offers to partner with you in your new enterprise. Sounds like a fairy tale? It isn't. It is exactly what happened to a Brazilian entrepreneur named Ricardo Bellino. In just three minutes, he convinced Mr. Trump to partner with him to build Villa Trump, the
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It's Better to Be the Boss
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 at cnn.com.In different ways, each one tells me that it does not pay to work for someone else. Let's take a closer look at the facts. Fact # 1 - You're Not Being Paid for Your ContributionIn her article, "Workers Lose Traction over Last 10 Years," Jeanne
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Buy a Business and Become Rich
Wealth-generating secrets from our free special report, The 10 Golden Rules for Buying a Business
Owning a business is, without question, your best path to riches.
And buying an established and thriving business can be the quickest way to achieve that success. In today's business climate, buying a business can be a much better option than starting one from scratch or buying a franchise, where your upside may be severely restricted.
Before acquiring a business, you can review its past performance. You can negotiate on price. You will save on the costs of new equipment and staffing. On your first day of ownership, a
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Sell Your Property Fast in a Glutted Market
Winning strategies from The Real Estate Investor Training Program
Articles and news stories everywhere today are reporting the grim newsthat huge numbers of houses are sitting on the market unsold. And the problem exists virtually everywhere in America.
Make no mistake about it. Itis much harder to sell a house today than it was a year ago.
Now, what is the first thing that most real estate investors do when they want to sell a property in a glutted market? Most often, they do cosmetic fix-ups. If a property looks better than others that are available, or if it has better features, it will
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It Is Often Easier to Create Wealth in Down Markets
Has all the talk about a "down market" scared you away from real estate investing? If so, I'd urge you to take a look around. Many, many investors are making a fortune in the current market. If you stop hiding and start investing, you can learn to create wealth too.
Here are four strategies that can help you create wealth - and a lot of it -in today's flat market:
Down Market Strategy #1: Explore overlooked niches. This is a good time for wealth creation by investing in "fixer-uppers," of course. But it is also a positive climate for investing in small apartment houses,
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E-Learning Is the Future and the Future Is Now
If you ask 10 people to name the greatest business thinker of the last century, I am willing to bet that at least eight of them, and maybe all 10, will pick Peter Drucker.There's a very good reason. Drucker invented the modern science of management in 1954 when he wrote The Practice of Management. When he later wrote The Effective Executive in 1965, he set the course for thousands of books about executive excellence that followed. Drucker consistently anticipated the future - an ability that stayed with him undiminished until he passed away last year at the age of 95. In
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Invest in Yourself
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 promises far greater rewards. I am talking about investing in yourself. Dollar for dollar, investing in your own education promises vastly greater wealth creation compared to any other investment you can name:
Appreciation that outpaces any stock. Education unlocks your wealth creation potential. It lets you earn bigger paychecks, negotiate more lucrative deals, acquire more valuable properties and
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Are You the Next Andrew Carnegie?
I used to think that business in the nineteenth century moved at a slower pace than it does today. But then I spent some time with a great new book, The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy.
I want to tell you, the tycoons described in that book moved as fast as anybody does today, maybe faster. Take a look at what Andrew Carnegie (1835-1919) was up to during just two random years:
In 1865, he merged two steel companies into Union Iron Mills. He also founded the Keystone Bridge Company
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Think Like an Entrepreneur: Lessons from The Trump Entrepreneur Initiative Students
Sixty percent of all Americans are dreaming about starting their own businesses. Why? What's their motivation to become entrepreneurs?
I recently heard some fascinating answers to that question while I was listening to recorded transcripts from The Entrepreneur's Success Codes, a The Trump Entrepreneur Initiative course that's taught by Jeff Burrows. In those transcripts, a group of The Trump Entrepreneur Initiative students - all successful entrepreneurs - answered Jeff's question, "Why did you decide to become an entrepreneur?" Let's take a closer look at the reasons they gave:
Motivation #1: An unstoppable passion for the work itself. It could be making real estate investments, restoring old cars
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Why Starting a Business Is Your First Step toward Staggering Wealth
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 own businesses. Some of the people on the list started companies when they were young, some started them when they were a little older. But nearly all of them took that first step toward monumental wealth by starting a company.More and more people today know that they can't
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Starting a Business is Easy. Staying in Business is Hard!
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 month.
Men are two times more likely to start businesses than women are. I know so many successful women entrepreneurs, that's a shocker to me.
Hispanic Americans continue to start new businesses at a rate that outpaces all other groups. They are the heart and soul of American entrepreneurship.
African-Americans lag behind when it comes to starting new businesses. That's disturbing. But growth
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Let's Stop Blaming the Rich
An article in The New York Times two days ago reports that Warren Buffet, the world's second richest individual, will soon start giving away $37 billion of his personal Berkshire Hathaway stock to five foundations. The biggest recipient will be The Bill and Melinda Gates Foundation, which will receive an estimated $30 billion of Buffet's money. That sum will double the Gates Foundation's resources.
And what does the Gates Foundation do? It is striving to eliminate the world's most killing diseases, many of which affect the world's poorest people in third-world countries. If AIDS, malaria and tuberculosis no longer exist in 20
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Don't Kill Your New Business, Don't Kill Your Dream
Radical insights from The Entrepreneurship Mastery Program
The U.S. Small Business Administration's annual statistics, now available online, report that 671,800 new small businesses were created in 2005. Sounds positive, right? Well it is. But if you read all the statistics, you'll also see that 544,800 small businesses closed. If you run those figures on your calculator, you'll quickly see that 81 percent of small businesses fail.
Of course, those statistics don't tell the whole story. They don't tell which new businesses are making their founders fabulously wealthy. They also don't include companies that are still on the books, but essentially dead. If you've
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Globalization and the World Cup
CEO, The Trump Entrepreneur InitiativeIf you believe that global business has made all the people of the world into one big happy family, you haven't turned on your TV to watch any of the FIFA World Cup soccer games. I can't recall any event, ever, where athletes and their fans have demonstrated such fierce national pride. The Paraguayans are wild about being from Paraguay, the Swedes are crazy about their Swedishness – and the list goes on. Despite the fact that some of the players engage in dirty tactics and some of the fans brawl, I find it this display of national pride
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Patrick Gross: From Employee to Entrepreneur
President, The Trump Entrepreneur InitiativeThere's nothing like hearing an inspiring story from a customer to truly understand the impact The Trump Entrepreneur Initiative is having. Indeed, the voice of experience speaks volumes about what is really going on "out there," where aspiration, learning, tenacity, and success converge to give a decidedly human dimension to this online arena in which we find ourselves. Patrick Gross, a Long Island, NY print shop owner has been a member of The Trump Entrepreneur Initiative almost since we launched. Last summer he participated in our fabulously successful program, "The Trump Way to Wealth," and he says it changed his life. "I was
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The Trump Entrepreneur Initiative Success Stories: The People Speak
President, The Trump Entrepreneur InitiativeThe Trump Entrepreneur Initiative teaches success. That's what we've been saying since we launched almost nine months ago. I thought it would helpful to use "The Trump Blog" to regularly present The Trump Entrepreneur Initiative success stories that illustrate the real ways in which this claim is being fulfilled. I think personal stories from our customers are worthwhile for many reasons, not the least of which is that they show how people actually use education to get ahead and effect positive, fundamental changes in their attitudes. One of the more poignant stories brought to my attention came from a widowed mother in Tennessee
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Learning on the Go
America is a country on the go. We like our food fast, our news pithy, and our remote controls at the ready, to rapidly surf through anything that can't keep up with the flight of our attention spans. Portability, that kin to speed, is also a dominant value of this country, reflected in our culture, lifestyles, and products. The fact that 32 million iPods were sold last year isn't just an amazing consumer business story, but also a telling fact about how people are changing their habits so drastically.
Learning, too, has become subject to a populace hungry for all things quick,
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What's Happening @ The Trump Entrepreneur Initiative (8/15/05 - 8/29/05)
The Trump Blog Goes Public
The blog you're now reading just went public last week (prior to our recent upgrade, we had been keeping somewhat of a low profile). We sent out a press release and unleashed this forum into the blogosphere. The reaction was swift and tremendous. Both the New York Post and the New York Daily News wrote items about it, and, of course, the other blogs started linking to it. Just as importantly, people began sending comments en masse. There were so many, we couldn't post them all. This is good news for everyone associated with The Trump Entrepreneur Initiative. For
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What's Happening @ The Trump Entrepreneur Initiative (8/1/05 - 8/14/05)
This posting marks the inauguration of a new feature on The Trump Blog. "What's Happening @ The Trump Entrepreneur Initiative" will be a semimonthly review of all The Trump Entrepreneur Initiative activities including new products, new launches, new partnerships, details on upgrades to existing products, and previews of courses. So much is going on at TrumpU. that we thought it would be valuable to highlight news about recent developments and future plans in one central spot.
The Trump Entrepreneur Initiative Live
Last week we launched The Trump Entrepreneur Initiative Live, a new line of products featuring Web seminars and live courses. The Trump Entrepreneur Initiative Live represents an exciting new direction for our
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The Trump Entrepreneur Initiative Means Customer Service
President, The Trump Entrepreneur InitiativeThe Trump Entrepreneur Initiative was conceived as a business that would be totally responsive to its customers, treating each one according to his or her needs. This idea of one-to-one marketing is part of the company's overarching concept and forms the basis of its operating philosophy: our success is defined by our customers' success. Since launching in late May it has become evident to everyone--our customers, our employees, and me--that this is no idle boast. We have, in fact, implemented a number of tactics and procedures that convincingly show we are adapting to our customers' ever-changing needs. To be customer-driven, a
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Ask Mr. Trump: Questions from Around the World
Donald Trump has long had a high profile, but only recently, with the popularity of The Apprentice, has he assumed the dimensions of a folk hero. To his audience, he is a potent symbol of the American dream, a towering icon of success.
"Ask Mr. Trump," a feature on the The Trump Entrepreneur Initiative website, reveals the various segments of America and the world in which his message of success resonates deeply. Every week, hundreds of people send questions to the site. Aspiring entrepreneurs and business leaders around the world solicit his advice on how to get ahead, how to be successful, what makes
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The Trump Entrepreneur Initiative: The First Thirty Days
President, The Trump Entrepreneur InitiativeThe Trump Entrepreneur Initiative launched at the end of May, and already we've been flooded with e-mails from people all over the world who want to partner with us in some way. Undoubtedly, the magic of the Trump name is largely responsible for this outpouring of interest. The enthusiastic response also shows that what we're offering has currency around the world. The global economy carries with it an urgent, ongoing need for business training with a global reach, which means practical, just-in-time learning that's available 24/7. Indeed, these inquiries from the four corners of the globe confirm that the Internet, for
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Boundaryless Education for a Boundaryless Career
President, The Trump Entrepreneur InitiativeThe traditional employee-employer relationship is a thing of the past. The primary reason for this is well known: globalization and the need for businesses to cut costs in order to remain competitive. Labor has been hit hard by layoffs, downsizing, and outsourcing. For many Americans, the phrase "global economy" is invested with a certain amount of grief. For some, the new economy has been a godsend. Free agents, for example, who work for multiple companies on a project basis, have proven themselves to be a highly evolved species of worker in the dynamic, fast-moving climate of contemporary business. Many
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