In today's business world, more people are making bigger decisions in less time and with less information than ever. That also means people are messing up more than ever. The flip side of making progress is making mistakes.
If you're not making mistakes, you're not taking risks, and that means ... Views: 803
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 ... Views: 802
Just 25 years ago, most homeowners optimistically counted off the years and months that would pass before they could pay off their home loans. Take out a second mortgage (as home equity loans were then called) - unthinkable! Only dire emergencies could force such imprudent borrowing. That’s why ... Views: 800
Life-changing ideas from Trump University's Entrepreneur's Success Code
Many entrepreneurs nearly kill themselves running their businesses. They work such long hours that they experience no joy or true abundance in their lives.
When they finally get fed up, their solution is often to limit the ... Views: 794
In the eyes of many potential investors, owning rental properties entails too much hassle.
“I’d never invest in property,” some say. “Who wants to get called out at 2 a.m. to fix a stopped-up toilet?”
No doubt, if you self-manage real estate, you will get those unpleasant calls. You will put ... Views: 789
An exclusive first look inside Trump University’s newest book, Trump University Entrepreneurship 101
The term entrepreneurship leaves much to be desired. You have to wrap your mouth around the word, making creative pronunciation choices on three of the five syllables. Dictionaries define it as ... Views: 782
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***The Art of Negotiation - by Donald J. Trump, Trump University, The Official Guides to Real Estate
Power is the ability to convince people to accept your ideas. Negotiation is a form of convincing. Power is ability. Ability is the result of practice and application. Think about these things carefully and let them sink in. After you have, remember this one: If you have them by the balls, their ... Views: 779
Generally there are two types of people who claim they “don’t do it for the money”: those who already have plenty of money and those engaged in fundamentally non-lucrative creative or service-oriented fields like the arts or social work. In both cases, passion or some other deeply held personal ... Views: 775
Since the late 1990s, sharp increases in property prices, along with a corresponding relative decline in cash flows and rental yields, have led the major media to persistently babble about real estate “bubbles.”
Taking a cue from these misguided journalistic missives, many people now believe ... Views: 765
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Create Your Own Luck - by Donald J. Trump, Trump University, The Official Guides to Real Estate
“Luck is when opportunity meets preparedness.”
I don’t know who made that statement. But whoever said it, I agree.
I've often heard people talking about how so-and-so is so lucky (as if to emphasize that they themselves are not lucky). I think what's really happening is the complainers aren't ... Views: 762
The world is full of well-intentioned people who are eager to offer you advice about investing in real estate. But do they know what they are talking about? Do they possess the experience, expertise and current information needed to advise you intelligently? If not, their advice can do a lot of ... Views: 755
Radical learning from The Wealth Builder's Blueprint
Faculty, Trump University
Finance has its own vocabulary. The more you understand it, the more you control your financial future.
This story illustrates the point. Early in my career as a CPA, I had two clients who were pretty similar. They ... Views: 755
When we hear that somebody has a habit, we immediately think that he or she smokes, or drinks too much, or is a compulsive gambler. I wonder why the word “habit” has taken on a negative meaning today.
Some habits are truly negative, but there are good habits too. If your mom makes an entry in ... Views: 754
Most of the time, being innovative is simply putting together existing elements to create what appears to be new. I was touted as being innovative when I came up with the mixed use condominium and hotel tower, which I did with the Trump International Hotel & Tower in New York. Since then, the ... Views: 752
Just how bad is the current real estate 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 ... Views: 749
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 ... Views: 749
I had a conversation last month with the programming director of a radio station in Boston. He was complaining about how difficult it is to convince companies to advertise on his station.
“Why is it so tough?” I asked.
“Because we have no way to document how many people actually hear the ads ... Views: 744
We have a lot in common. We both started reading books about real estate when most of our fellow students were only thinking about buying cool cars.
After we graduated college, we pursued our real estate dreams in different ways. Gary put his energy behind acquiring properties, while Donald ... Views: 741
No one can make you feel inferior without your consent.
-- Eleanor Roosevelt
Confidence can get you where you want to go, and getting there is a daily process. It’s so much easier when you feel good about yourself, your abilities and talents. That’s why I emphasize confidence as a way to get ... Views: 740
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 ... Views: 736
“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 Trump University, Trump University 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 ... Views: 733
Has all the talk about a "down market" scared you away from investing in real estate? 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 be one of them too.
Here are four strategies that can ... Views: 730
Experience testifies to the low-risk nature of property investments. However, you shouldn’t naively interpret the words “low risk” to mean “no risk worth noticing.”
Tens of thousands of homebuyers and property investors, often speculators, have lost vast sums of money in real estate. And these ... Views: 727
Beth Polish
Life-changing insights from The Entrepreneurship Mastery Program
I have the privilege of being Trump University's professor for The Entrepreneurship Mastery Program, the new class that met for the first time this week.
In a moment, I will share a truly remarkable quote from Amy ... Views: 727
If you like to read about airplanes and the men and women who fly them, you know about a strange syndrome that can strike fighter pilots whose planes have been hit by enemy fire.
Their planes are crashing. To escape certain death, all they have to do is eject. Yet for reasons no one ... Views: 722
When you’re buying foreclosed properties, you can throw away all the classic wisdom about real estate investing, right? It’s a whole new world with new rules.
No, wrong. The fundamental rules apply, only moreso. Let’s take a closer look.
Rule One: Foreclosure or not, location is still of prime ... Views: 721
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 ... Views: 718
Cash flow is the number one headache for entrepreneurs. If more money is flowing out of your company than is flowing in, you could take a loan to temporarily correct the problem. But since borrowing can dig your enterprise into a deep hole, I would urge you to apply the remedies listed below. ... Views: 716
Radical wealth-creating advice from the Trump University classroom
If you've been watching the news and listening to your friends, you're probably convinced this is a terrible time to invest in real estate. Interest rates are up, housing sales are down, properties are overvalued. The "bubble" ... Views: 715
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***Love Your Competitors - by Donald Sexton, Trump University, The Official Guides to Real Estate
Competitive wisdom from the new book, Trump University Marketing 101
Treasure your competitors. Accept the fact that you need them. They keep you tough.
Your competitors really are good for you, provided that you deal with them strategically and wisely. If you answer these four questions ... Views: 699
Sometimes we have to be patient and sometimes we have to get moving. Wisdom is in knowing when to stay and when to go. Know when to quit. I know, it's easier said than done, but we all know when we’ve exhausted certain possibilities, and quite possibly ourselves, in the course of finding out. ... Views: 696
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, ... Views: 694
“I don’t just build to a market. I create the market. I deliver to my customers more than they expect.” - Donald J. Trump
The secret of marketing properties all comes down to three letters: MVP. If you make the property you have to sell into an MVP, you will sell it quickly and profitably.
So ... Views: 688
What is it about real estate that makes is such a phenomenal way to make money? Perhaps the clearest way to see the advantages is to contrast it to investing in the stock market. For the sake of example, let's say that you have $100,000 to invest. That's the same scenario I use in the real ... Views: 683
THIS ONE IS BIG!!!! Fail to plan, plan to fail. It is as simple as that.
And by plan, I don’t mean have some idea in your head about your business or your career. When I say plan, I mean have a REAL plan. A written plan . . . that you work on frequently.
People always ask me how to get ... Views: 680
When you investigate properties to buy, look ahead. What will their neighborhoods look like in the years and decades to come?
Take a close look at what needs improving, because the problems you see are opportunities. The more of them you can correct, the faster your property values will soar. ... Views: 678
Nearsightedness (a.k.a. myopia) affects about one-third of the population. The nearsighted eye is not able to focus on distant objects. People who are nearsighted can see things up-close just fine, but have difficulty performing tasks like driving and reading street signs. As an entrepreneur, ... Views: 677
In response to my post of May 6, Trump University 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 ... Views: 676
I tell my clients that there are 2 things that we can’t cost effectively change to make their property more desirable when trying to sell an investment property...location & floor plan. Everything else is fixable.
If you bought a property in an undesirable location and are trying to sell you ... Views: 672
Robin is a cosmetologist and massage therapist who recently began investing in real estate in hopes of supplementing her income. Robin is enjoying a comfortable lifestyle from her full-time job, but is basically a sole proprietor who leases space from a salon owner. Additionally, as a sole ... Views: 667
If you have read my articles in Inside Trump Tower and on the Trump Blog, you already know that I am Trump University’s expert on buying businesses. But that’s not all. I am also America’s biggest champion for the idea that buying a business, not starting one, offers the speediest and surest ... Views: 658
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 ... Views: 658
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 ... Views: 647
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***Guerrilla Advertising - by Donald Sexton, Trump University, The Official Guides to Real Estate
In my post of November 3rd, I promised that I would follow up in a few days with a post about guerrilla advertising. Here it is - a packet of ideas on how to create high-impact advertising on a low budget.
Use newsletters to stay in touch with customers or clients. Your publications should ... Views: 644
If you've heard me speak, you may have noticed I emphasize several things repeatedly - never give up is one, being passionate is another, keeping focused is up there, and keeping your momentum runs a close fourth. I've learned those things from experience.
Here's the complete top 10 list I give ... Views: 638
If you are starting a new business, the day will finally come to stop planning and start interacting with your customers. That day is of critical importance. Ultimately, it will determine your success or failure.
To get the most from that moment, I recommend an approach that I call giving your ... Views: 634
Picture this--you’re a freestyle aerialist in the Torino Olympic games. Your ski goggles are suctioned to your face, your spandex suit is feeling comfortable for the first time all year, and you’re ready to get some serious air. You are ready to show the world what four years of training can ... Views: 633
What lies behind us
and what lies before us
are tiny matters compared
to what lies within us.
-- Emerson
That thought by Ralph Waldo Emerson has always been an inspiration to me. It gives me energy to keep going full force because I know I still have a lot to accomplish. No matter what I may ... Views: 623
If you have any desire to be in business for yourself, then now’s the time to make your move! In fact, there has never been a better time to take that step. So this year, buy yourself the greatest gift of all - a business of your own!
Over the past year, I’ve met and spoken with thousands of ... Views: 623
Information that can change your life from our free special report, The 10 Golden Rules for Buying a Business
If you spend any time on this blog, you'll soon catch the excitement about starting your own business. Entrepreneurship is so hot here, it's like a bonfire.
Today, I'd like to throw a ... Views: 623