5 Smart Business Lessons from Donald Trump
Whatever industry you are in and whatever role you play in that industry, these business lessons from Donald Trump might just be what will motivate you to achieve more. Donald Trump is considered to be one of the most successful individuals of our generation. He is an American businessman, entrepreneur, author, socialite and television personality. He is the Chairman and CEO of the Trump Organization, a famous real-estate developer.
In January, he was sworn into office as the 45th president of the United States of America. Donald Trump’s The Apprentice, has solidified this status and gave him the celebrity title. Below are a few of the business lessons to learn from Donald Trump.
Value of a Personal Brand
Personal branding is an important practice for the modern-day career. Brand identity is essential for establishing your credibility. The Trump brand is very comprehensive. The Trump brand is almost equal to the brand name ‘Google’. Every aspect of the Trump brand signify the standard of the company. Jeff Bezos on branding said; “Your brand is what people say about you when you are not in the room.”
Focus on the Present
Donald Trump is credited with the quote: “I try to learn from the past, but I plan for the future by focusing exclusively on the present. That’s were the fun is”. We only have today to achieve our goals. Yesterday is gone, and tomorrow is not known. I strongly believe that each of us can focus all of your energies and stamina into making the present moment as productive as possible. You need to forget your past and look to the your future.
What Makes a Great Entrepreneur
“Passion is the No. 1 ingredient for success … because it’s necessary in order to withstand the challenges and difficulties one will face. You have to completely believe in what you are doing, and a knowledge of business is useful, but I would mention that passion, momentum and focus are crucial. It’s good to read books by successful people … A good one for entrepreneurs is the recent book I wrote with Robert Kiyosaki, Midas Touch,” writes Geoffrey James, on the interview he had with Donald Trump.
This quote of Nelson Mandela says a lot on thinking big: “Our worst fear is not that we are inadequate, our deepest fear is that we are powerful beyond measure. it is our light, not our darkness that most frighten us. We ourselves, ‘who am I to be brilliant, gorgeous, talented and fabulous?’ Actually, who are you not to be? You are a child of God; your playing small doesn’t serve the world. There’s nothing enlightened about shrinking so that other people won’t feel insecure around you. We were born to manifest the glory of God within us. It is not just in some of us, it is in everyone, and as we let our own light shine,we unconsciously give other people permission to do the same. As we are liberated from our own fear, our presence automatically liberates others.” Success begins with thinking big. There are no limits!
Love What You Do
In many of the teachings of Donald Trump, he always advice against going to a competitive market. Going into an area you do not like or do not have passion for, may drown you. He says it’s always profitable to be at the top 1% in your not so competitive chosen field. But going into a booming competitive market, might pull you down so big that you will be wanting people to throw you a life line. The point here is; go into a venture where your passion is and love what you do. You will be fulfilled.
I am the Founder and President of Young Leaders Arena. Formerly I was the Chief Editor and program co-ordinator at Walktall. Author of the upcoming Book; Success Recipe: Start up Tool-kit for exceptional business growth. I have written numerous articles on both leadership, business start up, entrepreneurship. I have served as thought leader in many societies and organisations, including the Forum on Extractive Industries Transparency Initiative. I obtained my post graduate from the prestigious University of Port Harcourt. I also have a Bachelors from the Delta State University, Abraka. Twitter & Instagram: @Charlessholokwu