I know the subject in picture is America’s 45th President, Donald J. Trump; however, this article has no political views expressed in it. I for one, do not know a lot about world politics and this article has nothing to do with it. Republican or not, it won’t hurt, to study successful habits.
Donald Trump started his career at his father’s real estate development company, and went on to be a successful businessman and T.V. personality. Trump had long expressed interest in politics and entered the presidential race in 2016, to assume office on January 20th, 2017.
Quick fact; with a net-worth of 3.5 billion dollars, Trump is the wealthiest person, to become President of America. He life was definitely a massive success.
Here are some business tips Donald Trump has, to share, in his own words:
1. Aim high, and keep pushing:
If you want to achieve big things, you’ve got to dream big and aim higher; no two ways about it.
Trump said, “My style of deal-making is simple. I aim very high, and then I just keep pushing and pushing and pushing to get what I’m after.”
He added, “To me it’s very simple: if you’re going to be thinking anyway, you might as well think big. Most people think small, because they’re afraid of success, afraid of making decisions, afraid of winning.”
2. Find ‘your’ thing- your art form:
Don’t do something just because of the money, or because someone told you to. Not everybody is a good painter. Not everybody is a good businessman. But everybody has something that they can be world class at. Find that one thing and develop it.
Trump said “I don’t do it for the money. I’ve got enough, much more than I’ll ever need. I do it to do it. Deals are my art form. Other people paint beautifully on canvas or write wonderful poetry. I like making deals, preferably big deals. That’s how I get my kicks.”
3. Be obsessive and focused:Really, what keeps you going even when times get hard, is a strong desire to conquer your goals and an obsession for what you do. Some people might tell you obsession is bad; don’t listen to them. I haven’t heard of a single successful music producer, who doesn’t stay in the studio till 4 am, mixing and mastering tracks. I haven’t heard of a single successful athlete, who doesn’t stay in the gym longer than everybody else. Do something you truly love and be obsessed with about.
Trump said, “One of the keys to thinking big is total focus. I think of it almost as a controlled neurosis, a quality I’ve noticed in many highly successful entrepreneurs. They’re obsessive, driven and almost maniacal, but it’s all channeled into their work.”
He added, “I don’t say this trait leads to a happier life, or a better life, but it’s great when it comes to getting what you want.”
4. You don’t need too much structure, play it lose:
Ever heard of the term ‘paralysis by analysis’? Sometimes, too much planning prevents you from taking action, and sets you back, rather than propelling you forward.
Trump said, “Most people are surprised by the way I work. I don’t carry a briefcase. I try not to schedule too many meetings. I leave my door open. You can’t be imaginative or entrepreneurial if you’ve got too much structure. I prefer to come to work each day and just see what develops. There is no typical week in my life.”
5.Ditch meetings, call:
Trump said, “I usually arrive at my office by nine, and I get on the phone. There’s rarely a day with fewer than fifty calls, and often it runs to over a hundred. In between, I have at least a dozen meetings, but the majority occur on the spur of the moment, and few of them last longer than fifteen minutes.”
6.Trust your intuition, over numbers:
This is something that I’ve heard many successful people preach, Steve Jobs included: “Have the courage to follow your heart and intuition. They somehow already know what you want to become.”
Trump said, “I don’t hire a lot of number-crunchers, and I don’t trust fancy marketing surveys. I do my own surveys and draw my own conclusions. When I’m in another city and I take a cab, I’ll always make a point to ask the cabdriver questions. I ask and I ask and I ask, until I begin to get a gut feeling.”
He added, “The greatest of consulting firms charge you $100,000 for a lengthy study and in the end it has no conclusion and takes so long to complete that if the deal you were considering was a good one, it will be long gone.”
7. Don’t make desperate deals, use your leverage:
Here’s what Trump has to say:
“The worst thing you can possibly do in a deal is seem desperate to make it. That makes the other guy smell blood, and then you’re dead. The best thing you can do is deal from strength.
“Leverage is having something the other guy wants. Or better yet, needs. Or best of all, simply can’t do without. Unfortunately, this isn’t always the case, which is why leverage often requires imagination and salesmanship.”
8. “If it can’t be fun, what’s the point?” Trump said, “If it can’t be fun, what’s the point? Life is very fragile, and success doesn’t change that. If anything, success makes it more fragile. Anything can change, without warning, and that’s why I try not to take any of what’s happened too seriously.”
Listed below are a couple of Donald Trump's most popular books. For more insights on his life make sure to grab yourself a copy. On a side note, we have the best book prices on the Internet.
Whether you’re looking for extra money to pay of the bills, or have long term business goals in mind, a great place to begin is by starting your own little side hustle.
For those unfamiliar with the rather contemporary term, what is a side hustle?
A side hustle is an informal term used to describe a stream of income apart from the one coming from your regular job, that not only helps you make more money, but also allows you to have the flexibility of continuing to work your regular job. It is a good idea to not quit your job until your side hustle consistently makes you more money than your day job, for at least a few months in a row. Keeping your job, not only mitigates the risk of losing it all, but also helps you have more capital to invest into growing your side hustle.
It is not an easy route:
I want to put this out there. Unlike what many so-called financial gurus might tell you, coming up with a profitable side hustle idea, and making it a success is not going to be the ‘easier route’. I’d say this- look at it like working two jobs; one which you have to, and the second, the one that you chose to. Be prepared to put in extra work before you head off to work, after you get back home and any spare time you find in between (such as travel time, break times, etc.).
Let’s get right into it.
Related Post: Best Entrepreneurship Ideas for 2018.
Here are 7 Profitable Side Hustle ideas:
1.eCommerce: Start your own eCommerce business.
An increasing number of people prefer to buy online, rather than having to visit a physical store. “Roughly 27% of millennials view and purchase their shopping options online, before they even think of visiting a physical store”, says a CMD survey.
Low start-up and operating costs: Unlike most brick and mortar businesses, having an online business doesn’t require huge investments. In fact, if you’re willing to put in sweat equity, instead of paying for various services, you can potentially set up an e-commerce store for a couple hundred dollars or less.
The potential for profit is huge, provided you do it right.
Finding your niche: Unfortunately, you happen to be one of the millions of people who know about the potential that eCommerce has. There are nearly 100,000 eCommerce websites today, generating a revenue of a significant amount. Truth to be told, the market is quite saturated.
However, there is always room for improvement. If you have the ability to think out of the box and come up with the next big ecommerce platform, success is all yours. A little bit of market research might be all that you’ll need. Find a niche, that has a high demand with comparatively low competition, and capitalize on it. You can later expand to other industries and markets.
Suggested: Financial tips for Startups- Don't go broke!
2.Offer digital services to small businesses: Social Media Marketing, SEO services, and the like.
If you’re good at optimizing content for social media growth and search engine rankings, you can start off right away, as a freelance Digital Marketing specialist or a Social Media Specialist. Depending on where you stay, you could make anywhere from a few hundred to tens of thousands of dollars a month managing clients’ social media, websites and blogs.
The Potential: Once you start making a consistent income and have regular client you can expand and hire a few more people to assist with multiple clients. If all goes well, you might just become the CEO of a million-dollar digital marketing agency a few years from now. There is definitely a lot of potential.
3. Get a part time job: If the ‘make money online’ buzz doesn’t resonate with your preferences, don’t worry. Bid adieu to your social life, and get a second part time job.One of the surest ways to start earning a fixed extra amount of money every month, is by getting another job; preferably a part time or flexible timing type of job.
Lesser risk: Going all out as a solopreneur, or starting your own business has a certain amount of risk associated with it. Getting another job, is a much more secure way to ensure a monthly extra income.
4.Become a Mentor: If you’re an expert on a particular topic, start providing mentoring services.
With tools such as YouTube, social media, podcast services, eBook publishing services, etc. it is easier than ever to make money off of your expertise. If you look for it, you’ll find tons of people and organizations who need advice to do what they do better.
Initially you might have to give away free advice and build an audience that trusts you. If all goes well, however, you might land a few high-profile clients, paying you thousands of dollars for your expert opinion.
Suggested: How to become an Entrepreneur [7 Concrete Steps]
5. Become a professional at your passion: Whether it’s cooking, fitness or music, a few extra classes and online tutorials can help you master what you’re passionate about and help you become a professional at that field. This way you can either work as a freelancer, find a part time job or even start your own business. More importantly, you’re going to be doing what you’re passionate about.
Build a brand: Let’s take music for example. Let’s say you have a talented producer somewhere inside of you. Build an audience online and brand yourself. Look at famous producers for inspiration. Once you have your own loyal audience, you can sell them merchandise, perform at shows, or maybe even start your own record label.
6.Open up a small shop: Start out small.
As opposed to the other ideas on this list, this one does have a higher startup cost, but if you have the finances and have ever thought of opening up your own coffee shop chain or apparel chain, go for it. Start out small. Do your research and find the best commercial leasing prices, put together a dedicated team and put in work.
7.Purchase a shopping truck:
Again, this is on the higher side of the investment costs, but keep in mind the sopping truck trend is growing worldwide, and selling the right products at the right price might just help you put together some loyal customers.
I hope this article helps you come up with a few good ideas. For more concrete tips on starting out with your own business, check out some of these suggested articles:
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Struggling with your finances? Short on money? This is just the read for you.
“Being broke is part of the game. Staying broke is some personal sh*t.” Let’s face it; we’ve all been there- straight out of college with the burden of a student loan to pay off, making a disastrous investment and losing it all, or putting in all your money into a business that just didn’t seem to work. Most of us know how it feels to have nerve-rackingly low bank balances and a pulling out the last note from our wallet to pay for the cheapest lunch you could find in town. Hitting rock bottom is not unusual. However, staying there is.
Check out some of Warren Buffet’s Finance Tips. Every entrepreneur has got to read this.
Whether you’re having financial issues, here are 10 quick tips to help you save more money:
1. Don’t visit the mall too often:
Yes, literally. Don’t. You’d be better off staying at home.Looking at all the fancy apparel on display, all the latest gadgets and delicious food, simply makes you want to buy them. It’s not a very rare to start off with a bit of window-shopping and end up going home having spent well over a quarter of your monthly budget in a day.
Besides, a lot of the items sold in big shopping malls are often highly overpriced. If you really require a specific item, look for it in wholesale outlets, factory outlets, or buy it second hand online- there’s tons of ways to cut back on your spending.
2. Don’t live on credit:
Use cash to make daily payments, such as food, train tickets, taxi rides, etc. Using cash not only helps you to tangibly feel how much you’re spending, but let’s you know exactly when you’re out of money.
3. Don’t borrow money:
Very often friends and family will willingly lend you small amounts of money, out of affection. Even if it’s just a few hundred dollars every now and then, borrowing money implies that you’re living beyond your means. Sooner or later, you’re going to be by yourself, and you won’t have anyone’s helping hand.
4. Learn to cook:
Do you have any idea about the margins that eateries charge on their products? Haven’t you noticed that a coffee that you can make at home, for about a dollar, costs you about five times more at an established coffee shop chain. Bigger meals have even bigger margins.
But hey, your time is worth money too. Don’t spend hours in the kitchen, cooking up a masterpiece; you’re not preparing for your second Michelin star. Your goal is to learn to make simple, easy-to-cook recipes. We’re talking pasta, oatmeal, boiled eggs, and the like.
5. Cut down on medical costs:
If you’re falling sick every now and then, or happen to be one of those people who is always on some medication or the other, you probably should invest a little time and money into your health. Start exercising, improve your lifestyle choices, clean up your diet, and if possible, invest in a decent multivitamin and fish oil supplement. In the long run, healthier habits will also help you save on old age-related medical costs.
6. Cut out on cable costs:
Who watches cable T.V. in 2017…
Seriously, with YouTube, Hulu, and Netflix around, why do you need the cable connection. With subscriptions as low as 10 $ a month, do yourself a favor and move over to a cheap online streaming service.
Talking about subscriptions,
7. Get rid of useless subscriptions:
I’m talking about subscription based food delivery services, magazines, online services and the like. Unless a certain subscription based service is really essential for your work quality, get rid of it.
My main concern here is the increasing number of online subscription based services. Most platforms only charge you a couple of dollars for their services. It really seems like an insignificant amount. But when you add up all these little subscriptions, you realize you’re losing a couple hundred dollars a month to really meaningless services- basic photo editing software, ad-free versions, faster browsing, etc. You can do without them.
8. Control your family’s expenditure:
Be it your kids or your significant other, telling them about your financial situation helps them better manage their expenses, especially if you’re sponsoring them.
9. “A check you owe yourself”
Start putting aside small sums of money towards your savings. A way to motivate yourself to this is by looking at those sums as if they were a check you have to woe yourself. In the long run these savings will help you in the case of emergency and ensure a financially independent post-retirement life.
One great technique that I read about, was having a secret account with some money that only you know of- be it your parents or significant other, no one else must know. Save this for the absolute worst of situations, which I hope and pray you never should have to witness. God forbid, should you hit rock bottom, use these finances.
10. The Envelope technique:
If you’ve read this far, here’s your little gift. This is by far the simplest- and yet very effective- technique for living within your means and saving more money. List out all your expenditures during the course of a week and set aside fixed amounts for each. Put each amount in a separate envelope and use just that. At the end of each week, analyze and reset your budget if necessary. Try your best to not use funds from any envelope beside the one you allocated, for a specific expenditure.
If this article helped you reflect on ways to better manage your finances, my purpose is served. Check out the list below, for a few more articles that I think you might benefit from.
I think quotes are a great way to remind ourselves of our goals in life, stay focused and always remember our core purpose. I belie that success quotes are to an entrepreneur, what holy chants are to a priest- both help the narrators be in the right frame of mind at all times.
Here are a few quotes which I think every entrepreneur should have at the back of their minds, to remind you what you're aiming for and the lifestyle you must have.
1.“A ship is always safe at shore, but that’s not what its built for.” – Albert Einstein.
I am not a very big fan of quitting everything and going all in on one biz idea. However, I do believe that entrepreneurship is all about taking educated risks and decisions at the right time.
When billionaire entrepreneur Elon Musk made 180 million dollars, off of his PayPal proceeds, he put 100 million into SpaceX, 70 million into Tesla, and 10 million into Solar City. He had to borrow money to pay his house rent. Today, his net worth sits at 16.8 Billion USD.
2.“Quiet people have the loudest minds.” – Stephen King
I don’t know if science explains this, but as a rule of thumb, I’ve seen quiet people analyze situations and circumstances a lot better than those busy talking about the movie they watched last night.
3.“There are 2 rules to life. 1, Never Quit and 2, Never forget rule 1” – Anonymous
You only loose when you quit. As long as you keep trying, you still have a chance.
4.“Never make permanent decisions based on temporary feelings.” – Anonymnous
There are two times, when your brain doesn’t think straight. 1, When you’re stressed out and 2, when you’re over-excited. Remember this and make decisions accordingly. And well, this is common sense. Don’t sign formal papers under the influence of any medicine, drug or depressant. That’s another time you cannot think straight.
5.“Skills are cheap. Passion is priceless.” – Gary Vaynerchuck
Anyone can bake bread. Only the best cooks can bake it with passion.
Anyone can practice for the Olympics. Only Michael Phelps can practice with all his heart and soul.
Do something you’re very passionate about.
6.“If you’re so ambitious, show me.” – Gary Vaynerchuck
Quit talking about how passionate you are. Get out there and show the world what you can do.
7.“You don’t get paid to talk about how you can do it. You get paid to do it.” – Mike, Best Business Books
Your actions speak more than words.
8.“If you don’t build your own dream, someone else will hire you to help build theirs.”
When it comes to building dreams, be hungry. Be selfish. It’s yours to build.
9.“You call 9 to 5 work? I hustle 24/7. I’m a solopreneur.” – Anonymnous
Being a businessman or woman, is about putting in a lot of work. Be prepared for days of all-nighters, rejections and be ready to stand up against the odds.
10.“Regrets: Risks you didn’t take.”
In the end, you’re only going to regret the risks you didn’t take. At least give it a try. If you fail, at least you tried. And if you succeed, you’re a hero.
Standing up against all odds, these women entrepreneurs, built their own business empires.
Becoming a successful female entrepreneur:
“A true entrepreneur is a doer, not a dreamer.”
An entrepreneur is anyone who sets up a business and risks capital in hopes of a profit. In a professional environment, often considered to be male-dominant, these female entrepreneurs had what it takes to stand out.
Here’s are some of their best entrepreneurial success tips:
"It's important to be willing to make mistakes. The worst thing that can happen is you become memorable."
Founder of SpanX, one of the youngest female entrepreneurs and the youngest self-made female billionaire, Sara Blakely has a lot to learn from.
Starting out with a meagre 5,000-dollar investment, her business pulls in well over 250 million dollars in annual revenue, today. Not that’s a successful entrepreneur!
"Change is not always a process of improvement. Sometimes it's a process of invention. When Thomas Edison invented the light bulb, he didn't start by trying to improve the candle. He decided that he wanted better light and went from there."
Founder of non-profit organizations, Teach for All, Wendy came up with the entrepreneurial idea for her undergraduate thesis. Shortly after, she turned her idea into reality. According to a 2012 census, she earns well over half a million dollars, annually.
Considering that she’s working for such a good cause, hats off to her.
“If you think you're too small to have an impact, try going to bed with a mosquito.”
It all starts with believing. As an entrepreneur, you’ve got to believe that you can make an impact, and you will.
Dame Anita L. Roddick, a British businesswoman and human rights activist, is best known for having founded The Body Shop, a cosmetic retail company, with annual revenues of well over a billion dollars.
“You sort of start thinking anything's possible if you've got enough nerve.”
Believing in yourself, doesn’t just make you a better entrepreneur, it develops into a success habit.
From your personal relationships to making huge decisions, the lesser self-doubt you have, the more confident you come across. If you believe in yourself, others will too.
J.K. Rowling, a successful novelist, screen writer and a mother of three, ranks 9th on the list of best-selling fiction author, having sold almost 500 million copies of her 11-book Harry Potter series.
5. Gisele Bundchen:
“I'm not afraid of working hard at anything, whatever it is. I just always want to be the best that I can.”
A well-established supermodel, Giselle also happens to be an accomplished female entrepreneur.
Her most successful business endeavor happens to be her beauty line, Sejaa.
6. Sheila Lirio Marcelo:
“Failure is not part of my vocabulary."
Filipino-American entrepreneur, Sheila is the Founder, Chairman and CEO of Care.com, the largest site for finding and managing family care.
On a side note, here’s some extra advice, compiled from various sources;
Develop the Entrepreneurial Mindset:
With the best prices on the Internet, we want to make these books as accessible as possible to you. Make sure to grab a copy of these business and entrepreneurship books, to equip yourself with the power of knowledge.
Getting back on topic,
7. Martha Stewart:“Without an open-minded mind, you can never be a great success.”
Entrepreneurship is not for narrow minded people. Embracing the latest consumer trends and satisfying a wide variety of customers, requires open-mindedness and the willingness to adapt to change.
An American businesswoman, writer and television personality, Martha Stewart, is the founder of Martha Stewart Living Omnimedia. She is known for her success in a variety of business ventures including publishing, broadcasting, and e-commerce.
8. Coco Chanel:
Gabrielle “Coco” Chanel, a successful French fashion designer and businesswoman, was the mastermind behind Chanel, a company that made well over 5 Billion dollars in revenue, in 2016.
Setting up the company back in the 60s, she is known to have said, “In order to be irreplaceable one must always be different.”
In business, it is this unique mindset that will set you apart from every other brand out there. What’s new that you’re bringing to the table? What’s giving your product and edge over the competitors’?
Being a successful entrepreneur requires a lot of work, dedication and most importantly, passion for what you’re doing. Starting your own company is not the easiest thing to do. If you don’t love what you’re doing, you’re going to give up sooner or later.
Often times, all it takes to be successful is the courage to dream big and a burning desire to make it a reality. One of the biggest mistakes people make is not believing in themselves. Hey, if you don’t believe in yourself, no one else will. How can you expect someone else to be enthusiastic about something that you aren’t enthusiastic about yourself? Being an entrepreneur is all about making others believe in your ideas, products and services; and for that to happen you must first believe in them.
Lastly, don’t forget that dreaming can only take you so far. Once you have a concrete idea, get to work and start trying to make it a reality. Take action. “Start where you are. Use what you have. Do what you can.”
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