Donald Trump Tips

Find your art form

Donald Trump has stated that he has more money than he ever will need. He doesn’t work for the money and instead does it for the excitement he gets out doing big deals. He mentioned something about an artist painting beautifully on a canvas or a poet writing wonderful prose. So you’ll have to find what you are good at that brings the money. A lot of billionaires started early even as far back as their teens. This can give you a good sense of what your art form is and then you can focus on that.

Don’t do things that don’t come naturally to you

It’s good to experience pain, because you come out stronger. If deal-making is not something that comes instinctively to you, then it is time to try something else. The best students who get straight A’s and has a 170 IQ, may not be a successful entrepreneur if the basic instincts are not there.

Aim high

Thinking big is a Donald Trump mantra. It gives you a key advantage because, according to Trump, most people think small. When you think big, you are ahead of the pack. Fear is something that you can conquer if you aim high and do not get afraid of winning. Sometimes you might get the idea that if you aim high, you will end up losing what you have. The way to get around is this is to ensure that you are risking more than you can afford. Donald Trump loves to do deals. I like to trade forex. I make sure that when I am trading, I don’t trade more than 1% of my capital. This way I limit losses and don’t get worried if I were to lose money in trading as it doesn’t affect my vast capital base much.

Obsession is good

Obsession makes you focused. If you love something, you won’t feel tired in getting the work done. Entrepreneurs like Mark Cuban basically advise that you shouldn’t get into something unless you’re obsessed. So find out what your hobbies are and then pursue them. The monetary rewards will become obvious once you do the research and find out more about particular obsession. You’ll definitely get what you want if you have the great desire. This is always important as what a man thinks that he becomes.

Ditch structure

Donald Trump leaves his door open so he expects to be interrupted. He goes against convention by not carrying a briefcase. This is all very surprising to most people. Trump likes to see what develops rather than work according to a structure. This leaves him in a situation where there is no typical week in his life. Imagination is second nature to an entrepreneur and when there is too much structure it kills this characteristic.

Use the phone more

Most businessmen are stuck in long meetings. This can be rather hard for those who are pressed on time. A five minute phone call saves time and money rather than having to go and meet someone all across town. I know there is no substitute to meeting face to face, but there is so much more that we can get done if we just dial and explain what we need. Email is the other option. Often times, email helps us flesh out all the necessary details and serves as pointers for someone receiving the email. If a billionaire like Trump states that his meetings don’t go over 15 minutes, then there is no reason as to why you should be stuck in meetings for longer than that.

Don’t gamble

Trump goes into a deal expecting the worst. He recommends people to be able to imagine themselves living with the worst possible outcomes. That way, the good things that occur will be able to take care of them. All in all, Trump is very conservative when it comes to business. In terms of the perspective that he is a gambler, Trump says to his naysayers that the gamblers are those that play slot machines. He, on the other hand, owns slot machines as it is so much better to be the house.

Go with your gut

Numbers have a story to tell, but it is often your gut that gives you the best possible clue into the direction in which a story is heading. Trump doesn’t trust fancy marketing surveys and doesn’t hire many number-crunchers. He does his own surveys and forms his own conclusions by doing simple things like talking to a cab driver.