July 11, 2008
Donald Trump Video: Success Tips and Insights Pt.5
In part 5 of the Billionaire Inside, Donald Trump talks about how your business and personal lives overlap and how to get balance between the two.
Part 5 Summary:
- business begins with an idea but you must be able to implement
- only you can know when the right time is to leave your job in order to build your own business and it's a tough decision to make
- it's very hard to have balance in your personal life when you love your business
- if your spouse is not understanding of what you're doing it's not going to work
- too much of a distinct personality / look can be a liability but you've got to be yourself
- the biggest mistake he's made in business was losing focus
- his idea of a vacation is a working vacation
- you can position your business at either end of the spectrum and still succeed
- on branding: you have to get the word out
- you may need to be more creative with advertising when starting out on a small budget
- prenuptial agreements are sad, ugly instruments but you have to protect yourself from the downside
I'll have the final installment of the Billionaire Inside for you tomorrow.
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