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posted on:
10/6/2011 3:55:30 PM EST
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Entrepreneurship will bring back jobs!
Driven....
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As someone who has established a global brand, what recommendations do you have for other people who are looking to do the same?
I always say to become a student. If you want to be an entrepreneur, you’ve got to become a student immediately. Most people lack the vital skills it takes to be an entrepreneur. You can never stop learning – my wife and I just came back from a week-long seminar and because we’re always studying. The people who fail are the people who don’t want to study more – they think that all the answers are in their head. One of the benefits I have is that I’m always in seminars, which is how I met Donald. It’s the biggest secret that we have. But unfortunately most people, even coming out of business school, really don’t have the others skills that are required for entrepreneurship.
Most people coming out of an MBA program have those skills to be an employee and climb the corporate ladder, but they don’t have those skills to be an entrepreneur and start a business. One of those skills is handling pressure. How long can you operate without money? Can you raise capital? What are your people skills? And who’s your team? Those are really basic questions. A lot of times I notice with small business startups is the ring finger. They start with the wrong people and then business falls apart and they have to get rid of the bad partners before starting the business again. It’s part of a process – it’s not about getting rich overnight. I met a guy today who said that he went without a paycheck for thirteen-hundred days. I only went 400 days without a paycheck.
Is now is the best time to be an entrepreneur?
Oh yes, it always is. I was listening to Steve Case, who started AOL and he was on CNBC. They asked him what he thought about all the government regulations. Steve Case said if you’re a true entrepreneur, government regulations will never stop you. A lot of people let little things stop them as a way of saying that. So good economy, bad economy, it’s always a good time. It’s especially easier today because I always tell the young people, when I started out I needed to carry loads of quarters so I could use pay phones. Now it’s cell phones and the web – it is so much easier to be an entrepreneur and interest rates are so low!
Donald Trump and Robert Kiyosaki's "Midas Touch"
Stay Healthy, Be wise and Enjoy life....
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