Donald Trump master of comeback.
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Donald Trump the famous New Yorker - Real Estate Mogul.
His outspoken and flamboyant personality has made him the favorite of the press since the 80’s. Trump’s multiple marriages and divorces were regular tabloid fodder. On and all, Trump’s image is all about being successful. When people think of him, people think of a Deal-maker, a powerful successful business man.
Regardless of what some may say about his marriages or his personality, the bottom line is Donald Trump is a brilliant business man. The reason he is brilliant mostly because of how he deals with setback and his ability to rebound.
In 1990 Trump found himself over $900 million in debt and he had to declared business bankruptcy. He was forced to relinquish his airline, shuttle and his pride and joy - his largest Manhattan real estate parcel. After he was forced to sale his land in Manhattan, Trump have the brilliant idea to leverage his expertise in Manhattan real estate and in construction; by offer to his service to the new land owner. Trump offer to oversee the construction in the Manhattan site, in exchange for a cash fee and a portion of future profits. As a result, by 1994 Trump made enough money to repaid $3.5 billion dollar of his business debt.
In 2004 Trump filed for Chapter 11 for Trump Hotels & Casino Resorts, trying to restructure his almost 2 billion dollar in debt. Trump once again has the brilliantly idea for rebound by leverage his fame; he host and produce his own realities show “The Apprentice”. He was paid $50K per episode for 1st season; quickly it went up to $3 million per episode.
The point of the story is: It is not what happens to a person, it is how well a person can deal with setback and the ability to rebound. From time to time we are going to have to take a hit here and there and we have to be able to get back up, find a way to turn it around again and again.
Giovanna Garcia
Imperfect Action is better than No Action
Other related post by Giovanna
When the going gets tough the tough gets going
6 ways to bounce back from anything in less than 2 hours.
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Hi Gio .. I suppose it says it doesn’t matter what we think .. it’s what he thinks and is doing and his life .. just lets get on with our own .. & learn from his dedication to hard work & his expertise - this applies to his own life, and also to his business knowledge.
Do your own business - work and learn from your own mistakes … take advantage of the opportunities that arise ..
Thanks - good post - Hilary: Be Positive Be Happy
Whoa, $900 million in debt, and we think we have problems! I think I’m learning that if I want big money, I have to accept big problems, and vice versa.
Trump is amazing in buisness! I thought I needed to work on my debt but I am no where near 900 million so I will wait it out a little longer.
Hi Giovanna, Trump is a great example for someone who could rise from his bankruptcy. He is my favorite too.
Thanks for sharing the Trumph’s story with us, Giovanna. It is always worth reading the story of him.
Stumbled.
Hi Hilary
You hit the nail right on the head: “Do your own business - work and learn from your own mistakes … take advantage of the opportunities that arise ..”
Thank you for your comment and sharing your wisdom. You have added more value to this post.
Giovanna Garcia
Imperfect Action is better than No Action
Hi Daphne
If you want to win big you are going to have to risk big
Thank you for your comment and support.
Giovanna Garcia
Imperfect Action is better than No Action
Hi Giovanna,
Great post about Donald Trump! We can all admire his positive business traits and learn from them. He has shown that he can overcome great adversity and come out bigger and better.
Regards
Pete Baca
The Car Enthusiast Online
Giovanna,
Good article! Yes, the “Don” had a wonderful attitude about failure and success and the integral relationship of the two. I heard once that he and his son passed a homeless person on the street and Mr. Trump said to his son, that man has more money than I do, he was eluding to the massive debt that he had compared to the man who had no debt and a few sheckles in his cup.
Hi Jay
You are funny
How about pay more attention to what you have leverage to bring in more income.
Thanks for your comment and support.
Giovanna Garcia
Imperfect Action is better than No Action
Hi Arswino
I follow his work. Thanks for the Stumble.
Trump is a rocking business man
Thank you for your comment and sharing your thoughts.
Giovanna Garcia
Imperfect Action is better than No Action
Hi Peter
Donald Trump is a great business man and we can learn alot from him. And you are right, he always find a way to get bigger and better.
Thank you for your comment and the conversation.
Giovanna Garcia
Imperfect Action is better than No Action
Hi Mark
That is a good one
about Donald and his son passing the homeless man. That is so true the wealthy have more then the homeless, at the same time the wealthy also have more wealth then the homeless.
Thank you for the comment and sharing that story with us.
Giovanna Garcia
Imperfect Action is better than No Action
You give me hope!
I am services guy and i truly believe that people still willy to pay for expert advise - your post just prove it
Thanks for encouragement - it’s needed in huge amounts these days
If Trump could do $3B offering his services…. there is no reason we cannot do the same, ain’t we?
Hi Alik
That is right, people are willy to pay for expert advise
Keep it up.
Thank you for your comment and sharing your thouhgts.
Giovanna Garcia
Imperfect Action is better than No Action
I think personality goes a long way. You have to add talent to it, but that combination is a recipe for success. Trump has it. Like him or hate him, people pay attention.
Hi Giovanna,
I don’t like Trump that much, but I respect him and therefore have read several of his books
I guess you don’t have to like someone, but you can respect him any way
That is another example on how mind of successful people works. I am sure that he can lose everything now and will get it back fairly soon
As Brian Tracy said something like: Someone can go through custom and mention that Has Nothing to Declare. It is enough to have mind to become anyone we want to be. Ability to overcome adversity and look at them as stepping stones, not roadblocks separates winners from non winners
Nothing matters if you are not fulfilled
Hi Gennaro
Good point, Trump does have a huge personality and it totally works.
Thank you for your comment and sharing your wisdom with us.
Giovanna Garcia
Imperfect Action is better than No Action
A famous Russian said years ago that America will always be strong and will survive because of our bankruptcy laws. Understanding that a death of a business will spring new life-just like life and death of plants and animals. Its a unwritten law of Gods ways and is applied to business dealings as well. The sin is not that he failed but if he does not get up and try again. That is what leaders are and do. Hats off to him as he knows those principles well.
It’s amazing how much that guy has comeback. Seriously.
Hi Peter
You are right about we don’t have to like someone to respect them. Brian Tracy is a great inspiration, and his lessons are very true and powerful, “Ability to overcome adversity and look at them as stepping stones, not roadblocks separates winners from non winners” Thank you for that one.
Giovanna Garcia
Imperfect Action is better than No Action
Hi John
I love what you said here, so much wisdom you put out here for us. Thank you for that I really enjoyed reading it. Thank you for your comment and you added more value to this post.
Giovanna Garcia
Imperfect Action is better than No Action
Hi Christopher
Trump is the comeback king, not only he always come back. He comes back bigger and stronger each time.
Thank you for your comment and joining in the conversation.
Giovanna Garcia
Imperfect Action is better than No Action
I’ve always loved his ability to bounce back. He’s very skilled in financial practices and he has enough confidence and experience to know where to flex his ability.
Hi J.D.
Trump is an brilliant business man. He definitely know his how to bounce back bigger and better every time.
Thank you for your comment and sharing your thoughts with us.
Giovanna Garcia
Imperfect Action is better than No Action
Great post Giovanna, you know I love Trump. Always thinking BIG and not afraid to go for it!!! Even a guy like him makes mistakes and loses money, but always seems to rebound even bigger!
Hi Craig
Think Big and afarid of nothing! That is the ticket to be BIG like Donald Trump.
Thank you for your comment and sharing your thoughts.
Giovanna Garcia
Imperfect Action is better than No Action