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Trump University Entrepreneurship 101: How to Turn Your Idea into a Money Machine, Second Edition PDF

306 Pages·2009·4.41 MB·English
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Preview Trump University Entrepreneurship 101: How to Turn Your Idea into a Money Machine, Second Edition

P1:OTA/XYZ P2:ABC FM JWBT144/Gordon September25,2009 17:38 PrinterName:CourierWestford,Westford,MA P1:OTA/XYZ P2:ABC FM JWBT144/Gordon September25,2009 17:38 PrinterName:CourierWestford,Westford,MA ENTREPRENEURSHIP 101 P1:OTA/XYZ P2:ABC FM JWBT144/Gordon September25,2009 17:38 PrinterName:CourierWestford,Westford,MA Books in the Trump University Series TrumpUniversityRealEstate101:BuildingWealthwithRealEstateInvestments, SecondEdition TrumpUniversityMarketing101:HowtoUsetheMostPowerfulIdeasin MarketingtoGetMoreCustomers,SecondEdition TrumpUniversityEntrepreneurship101:HowtoTurnYourIdeaintoaMoney Machine,SecondEdition TrumpUniversityWealthBuilding101:YourFirst90DaysonthePathto Prosperity P1:OTA/XYZ P2:ABC FM JWBT144/Gordon September25,2009 17:38 PrinterName:CourierWestford,Westford,MA ENTREPRENEURSHIP 101 How to Turn Your Idea into a Money Machine Second Edition Michael E. Gordon, PhD Foreword and Chapter by Donald Trump 1 JOHNWILEY&SONS,INC. P1:OTA/XYZ P2:ABC FM JWBT144/Gordon September25,2009 17:38 PrinterName:CourierWestford,Westford,MA Copyright(cid:1)C 2010byTrumpUniversity.Allrightsreserved. PublishedbyJohnWiley&Sons,Inc.,Hoboken,NewJersey. PublishedsimultaneouslyinCanada. Nopartofthispublicationmaybereproduced,storedinaretrievalsystem,ortransmittedin anyformorbyanymeans,electronic,mechanical,photocopying,recording,scanning,or otherwise,exceptaspermittedunderSection107or108ofthe1976UnitedStatesCopyright Act,withouteitherthepriorwrittenpermissionofthePublisher,orauthorizationthrough paymentoftheappropriateper-copyfeetotheCopyrightClearanceCenter,Inc.,222 RosewoodDrive,Danvers,MA01923,(978)750-8400,fax(978)646-8600,oronthewebat www.copyright.com.RequeststothePublisherforpermissionshouldbeaddressedtothe PermissionsDepartment,JohnWiley&Sons,Inc.,111RiverStreet,Hoboken,NJ07030, (201)748-6011,fax(201)748-6008,oronlineathttp://www.wiley.com/go/permissions. LimitofLiability/DisclaimerofWarranty:Whilethepublisherandauthorhaveusedtheirbest effortsinpreparingthisbook,theymakenorepresentationsorwarrantieswithrespecttothe accuracyorcompletenessofthecontentsofthisbookandspecificallydisclaimanyimplied warrantiesofmerchantabilityorfitnessforaparticularpurpose.Nowarrantymaybecreatedor extendedbysalesrepresentativesorwrittensalesmaterials.Theadviceandstrategiescontained hereinmaynotbesuitableforyoursituation.Youshouldconsultwithaprofessionalwhere appropriate.Neitherthepublishernorauthorshallbeliableforanylossofprofitoranyother commercialdamages,includingbutnotlimitedtospecial,incidental,consequential,orother damages. Forgeneralinformationonourotherproductsandservicesorfortechnicalsupport,please contactourCustomerCareDepartmentwithintheUnitedStatesat(800)762-2974,outsidethe UnitedStatesat(317)572-3993orfax(317)572-4002. Wileyalsopublishesitsbooksinavarietyofelectronicformats.Somecontentthatappearsin printmaynotbeavailableinelectronicbooks.FormoreinformationaboutWileyproducts, visitourwebsiteatwww.wiley.com. ISBN:978-0-470-046718-3 PrintedintheUnitedStatesofAmerica. 10 9 8 7 6 5 4 3 2 1 P1:OTA/XYZ P2:ABC FM JWBT144/Gordon September25,2009 17:38 PrinterName:CourierWestford,Westford,MA This book is dedicated to the entrepreneurial spirit within each and every one of us, striving to burst free. P1:OTA/XYZ P2:ABC FM JWBT144/Gordon September25,2009 17:38 PrinterName:CourierWestford,Westford,MA P1:OTA/XYZ P2:ABC FM JWBT144/Gordon September25,2009 17:38 PrinterName:CourierWestford,Westford,MA C o n t e n t s Foreword by Donald Trump ix Acknowledgments xi Introduction Buckle up for Your Fantastic Voyage xiii CHAPTER 1 TRUMP ON ENTREPRENEURSHIP 1 CHAPTER 2 UNLEASH YOUR ENTREPRENEURIAL POWER 3 CHAPTER 3 FEEL THE FEAR—DO IT ANYWAY 15 CHAPTER 4 START RIGHT—BUILD ON THE CUSTOMER MODEL 27 CHAPTER 5 FIND IDEAS IN A TURBULENT WORLD 35 CHAPTER 6 SELECT ONE (AND ONLY ONE) OPPORTUNITY 47 CHAPTER 7 EXPLOIT OPPORTUNITIES DURING CHALLENGING ECONOMIC TIMES 61 vii P1:OTA/XYZ P2:ABC FM JWBT144/Gordon September25,2009 17:38 PrinterName:CourierWestford,Westford,MA CONTENTS CHAPTER 8 BUILD YOUR FORTUNE AS A TECHNO- PRENEUR 73 CHAPTER 9 BOOTSTRAP 79 CHAPTER 10 PLAN FOR THE WAR WITH YOUR COMPETITORS 89 CHAPTER 11 DESIGN YOUR MONEY MACHINE 101 CHAPTER 12 VIRTUALIZE AND GLOBALIZE 113 CHAPTER 13 HARNESS WEB 2.0 FOR COMPETITIVE ADVANTAGE 123 CHAPTER 14 DO WELL AND DO GOOD 133 CHAPTER 15 DEVISE A WINNING STRATEGY 139 CHAPTER 16 PROJECT YOUR GROWTH AND PROFITABILITY 157 CHAPTER 17 MOBILIZE POWERFUL RESOURCES QUICKLY 173 CHAPTER 18 DEVELOP A SIMPLE, EFFECTIVE BUSINESS PLAN 183 CHAPTER 19 BECOME A WIN-WIN NEGOTIATOR 199 CHAPTER 20 RAISE MONEY 209 CHAPTER 21 FIXATE ON THE CUSTOMER 225 CHAPTER 22 LAUNCH YOUR VENTURE! 235 CHAPTER 23 SUFFER GROWING PAINS JOYFULLY 245 Notes 257 Index 265 viii

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