I mention intrinsic value because as a businessman, it’s something that gives integrity and even mystery to everyday business. Not everything is dollars and cents, although in many cases it has to be. Look for the gray areas—it will enhance your life as well as your business sense.
As a businessman, I have realized that “to whom much is given, much is expected.” See yourself as having a lot already, and keep your integrity intact. It’s the best way to pave your way to a comprehensive success.
Somewhere, something incredible is waiting to be known.
—CARL SAGAN
You Can Be in Charge
T
hat’s an empowering thought. It’s also a real possibility. If it seems you’re being thrown curveballs every day, that means it’s time for some strategy. In short, you need to be bigger than your problems are in order to handle what’s being delivered.
Here are a few things to think about:
1. What is your creative capital? Many of us have hobbies, knowledge, and experiences that can be turned into something useful in the marketplace. Give this some comprehensive thought.You probably have talents that could be further developed to create a career.
2. Are you lucky? Some people seem to be naturally lucky. Another definition of good luck is the ability to turn bad luck into good luck.
3. Be proactive. Don’t be passive or fearful. Just taking the next step can get you to better and even great places. Start today.
4. Be objective and strive to be your own counselor. I listen to others, but I know the final decision is
mine and I hold myself responsible. That in itself is empowering.
5. If you haven’t given history enough attention, start doing so today. Also, realize you are in a pivotal time in history, and see it as a challenge as well as an opportunity.
“Creative capital” deserves a bit more explanation. In essence, one way to become rich is to be able to move an idea into your asset column. Those people who’ve had an innovative idea and put it into production, whether it was for an automobile or for Post-Its, have been able to move their invention from “idea” to “asset” in a very big way.
A lot of great ideas get discarded before they’re developed, and some ideas deserve to be discarded before they take up too much time and end up being more of a problem than a solution. This is where objectivity and research are useful.
Let’s say you have an idea for a new product or a variation on one that has been successful. The first thing to do is to check out the global marketplace. The best scenario is if you can find a void in that marketplace and find something unique to fill it. It’s important to consider that you could have something to offer that would be viable as well as valuable.
In the current economy, many people are being challenged to find alternative venues for income. That can be an exciting time if you approach the situation in a positive light. It’s also empowering to think of being an inventor—what doesn’t exist yet that could or should exist? That way of thinking will open you up to the possibilities that are definitely there. One important consideration is to make sure you define yourself instead of allowing others to define you. They will limit you when instead you should see that your possibilities are limitless. When it was
reported that I was done and in financial ruin in the early 1990s, I took control by refusing to believe that I was finished. That’s not the definition I chose for myself, which gave me a resiliency that probably surprised a lot of people.
Another point to consider is that when you allow others to define you, you become a bit of a puppet in their hands. Be very wary of this kind of strategy, because some people need to win by getting their competition out of the way instead of being superior to their competition. Be your own barometer of success. We all experience failures, but that doesn’t make us failures, even if others say so. Take control of the circumstance by seeing it in a different light.
Each of us has a different route to our destiny and challenges are part of that path. Keep your self-image strong and intact by defining yourself in the best way possible—every day, no matter what the circumstances might be. Know from the inside out that you have the power to succeed and you will. That’s taking control. Your creative capital might be waiting to be discovered.
Most powerful is he who has himself in his own power.
—SENECA
Synergy
S
ynergy is a word that implies the whole is greater than the sum of its parts. It’s a coming together of energies that is made clear by the Greek roots of the word: syn + ergos =
together working
.The word has a scientific application, but it also works for business aptitude—as in, combining forces to create a greater momentum, a greater whole.
This can apply to teamwork as well as to individual enterprise. I may be an entrepreneur, but I also head a large organization, so I know how important this concept is. Teamwork and individual responsibility combine to create a force that will make you far more viable in the marketplace. This is one of the concepts of
The Apprentice
that business students are likely to recognize.
When you have a job, always consider the big picture and the gestalt of the organization first. This is a bit like a negotiation technique—take into consideration where the other side is coming from. How you can contribute to the overall success will be made clearer to you. When everyone works that way, success is much easier to attain. You will also be on the wavelength of the CEO,
because it is his or her job to keep the organization healthy, vital, and moving forward.
If you are an entrepreneur, you’ll find there are times when you are your own team. I’m surprised sometimes to notice that people can actually be working against themselves. Pay attention to that possibility and cooperate with yourself. Make sure you are airtight by combining the forces within yourself to create a whole. Your efforts will automatically become more effective.
A recent and good example of synergy is my golf course development in Scotland—Trump International Golf Links Scotland, in beautiful Aberdeen. It’s been a tremendous but challenging experience due to the complexities of the situation. Everyone got together and we are moving forward, but initially it was my determination to develop this magnificent property that got us going. The synergy was at first individual then it became a significant team effort. It can be a wonderfully effective combination.
DONALD J. TRUMP’S RECOMMENDED READING
The Art of War
by Sun Tzu
This is a classic book about military strategy written during the sixth century BC.
The Cashflow Quadrant
by Robert Kiyosaki and Sharon Lechter
This is about working smart and is a good, clear guide to help you move toward financial freedom.
The Power of Positive Thinking
by Norman Vincent Peale
This book was published in 1952 and contains useful concepts to enable successful behavior. I’m a cautious optimist but being optimistic is important to be effective.
The Golden Ratio
by Mario Livio
“The story of phi, the world’s most astonishing number.” This is fascinating whether or not you are a math whiz.
Team of Rivals: The Political Genius of Abraham Lincoln
by Doris Kearns Goodwin
Goodwin reveals just how brilliant Lincoln was, with a political spin that has historical as well as contemporary interest.
The Last Lion: Winston Spencer Churchill
by William Manchester
This is Manchester’s second volume on Churchill. It gives a great insight into Churchill as well as World War II.
No Ordinary Time: Franklin & Eleanor Roosevelt: The Home Front in World War II
by Doris Kearns Goodwin
This book brings to life a most interesting and pivotal time in U.S. history side by side with the Roosevelts.
Ideas and Opinions
by Albert Einstein
Einstein was not just a scientist, but a great mind at work on many topics, which are covered here.
Essays and Lectures
by Ralph Waldo Emerson
Emerson’s writing is lucid and thought provoking, and he provides a balance of thought that can be edifying.
INDEX
Achievers
habits and results
higher self and
results
traits of
See also
Success
Adaptation
See also
Flexibility
Aesop
Apprentice, The
as challenge
description/tasks
experience and
positive thinking and
success and
team spirit and
Aristotle
Art
life as performance art
work as
Art of the Deal, The
(Trump)
Art of War, The
(Sun Tzu)
Artists
attributes of
See also specific artists
Audience
common denominators and
knowing
Barrack, Tom
BBC
Beethoven, Ludwig van
Bell, Alexander Graham
Bellino, Ricardo
“Big picture”
Biorhythms
Blaming others
Brand name
building
importance of
See also
Power of a name; Trump name
Brave New World
(Huxley)
Brokaw, Tom
Buck, Pearl S.
Buffet, Warren
Building.
See
Developing/ building
Burnett, Mark
Bush, George W.
Calamari, Matthew
Campbell, Joseph
Camus, Albert
Carter, Dominic
Cashflow Quadrant
(Kiyosaki)
Cavuto, Neal
Challenges
dealing with
effects of
significance of
The Apprentice
as
Champions
attributes of
thinking like
Chanel
Churchill, Winston
Clear Channel
Comfort zone
Commercials
Common denominators
Confucius
Control
Conversation economizing
Creativity
business and
going against the tide
See also
Art; Artists
Cross training your brain
Curiosity
Da Vinci, Leonardo
Darwin, Charles
De Gaulle, Charles
Deadlines
Deficit of U.S.
Demographics
Dempsey, Jack
Developing/building
background work
golf courses
learning and
mixed-use condominium/ hotel concept
See also specific developments
Economizing conversations
Education.
See
Learning Efficiency
Ego
Einstein, Albert
Emerson, Ralph Waldo
Emmy Awards
Employees
getting the best
people you like
“Entitlement mentality”
Environment and heredity
Ethics
Experience
Failure
Fears
of being unique
confronting
of failure
of winning
Federer, Roger
Financial literacy
Financial Times
Financial Times
(UK)