6 surprisingly good business tips from Donald Trump

When people think of Donald Trump, the first idea that comes to mind is real estate and business. He owns more than a simple office space and has expanded his businesses to the point of becoming a billionaire.

When it comes to good business tips, Donald Trump is full of advice. While some advice might seem bad, he has some surprisingly good tips that can help a new business get off the ground.

1. Start with Passion.

Donald Trump has often stated that passion is a big part of starting, running and maintaining a business. In an interview with Forbes.com, Mr. Trump stated that passion is a big reason to start a business, but he also noted that it is still necessary to know the particulars of running the company as well as maintaining a passion for the idea.

Starting with passion is a good place to begin a new business because it helps improve motivation. Those who are passionate about their business will see better success due to improved motivation to succeed than those who have no passion or interest in the company.

2. Get a Degree.

While an entrepreneur does not strictly need a college education, Mr. Trump notes that it is still a worthwhile investment. College education is not only about getting a good job working for an existing company.

It is about learning a topic and then applying that to a career or new company. Obtaining an education is sound advice because it can act as a backup in case the business does not work out.

3. Never Focus on Money.

Donald Trump has often stated that it is better to put the goal of making money on the backburner when it comes to running a business. Instead, focus on creating a successful business. Money will follow after the company becomes successful and is a well-known name.

The goal of making money limits the vision of the company. As a result, reaching the goal of a certain amount of money will ultimately result in stagnation. The company can go under when the goal is met rather than pushing forward and improving.

4. Keep Working Hard.

A surprising fact that Donald Trump points out about business is that it takes hard work to run a company. Even after a name is well-established, business owners must continue working hard to keep up. His advice is that when the name becomes established, it is best to work on maintaining and improving the marketability of the company.

5. Be Persistent.

Donald Trump is noted for his constant perseverance and persistence in pursuing his business ventures. He often advises others to keep pushing through, even when it seems that the business is about to fail.

Persistence is a key to working as an entrepreneur or business owner. It is important to keep trying, even when challenges arise and it seems that few options are still available.

6. Research the Business.

Perhaps the best advice Donald Trump gives about starting and continuing a company is spending time on research. Learning about the company, finding potential problems and looking for solutions before starting the business will help reduce the potential problems and make success more likely.

Knowledge is the key to running any type of business or maintaining success in any area of life. That includes searching for an office space or managing other details in a company.

Running a business is not easy, but Donald Trump offers good advice to new and existing businesses. The tips are applied at every level and ultimately help improve the likely success. By following a few tips, it is easier to get ahead.

Also read the tips Donald Trump’s top three tips for dominating your niche.

Taken from: industrialspace.net (article), Google (images).