The Trump Blog

Ideas and Opinions from Donald Trump and TrumpU Faculty.

Home : Why Starting a Business Remains the Path to Creating Wealth

Why Starting a Business Remains the Path to Creating Wealth

A A A

Permalink

--Secrets of the Self-Made,-- an interactive multi-media article on Forbes.com, offers a revealing glimpse into the minds of some of America's entrepreneurial billionaires.

Among the more interesting information, for me, are the descriptions that these ultra-rich individuals share about their first jobs. (All data on the net worth of these men comes from the Forbes article.)

Franklin Otis Booth Jr., an investor and rancher, started as an electroplater, making 65 cents per hour. Today his net worth is $1.9 billion.

Danny Gilbert, managing partner of Gilbert & Tobin, fueled his entrepreneurial fires as a kid by selling homemade pizzas out of his family's kitchen. Today he is worth $1.1 billion.

Wayne Huizenga, the only person in history to start three Fortune 500 companies, started out pumping gas. Today he is worth $2.1 billion.

Michael Ilitch, founder of Little Caesar's Pizza and owner of sports teams, got his first job removing snow from cars in a used car lot. He is worth $1.5 billion today.

What Do These Titans Have in Common?

These men live in different parts of the country. They have different interests and hobbies. But they do share two things.

First, they didn't like working for other people.

Second, they created wealth by starting their own company.

Are you ready to follow in their footsteps and write your name alongside theirs as one of the world's most successful people? Then do what they did. Start or buy a company.

Trump University offers you the tools to make it happen. You can start small, simply by learning all you can about becoming an entrepreneur. But I would urge you to get started today by taking one of these life-changing courses from Trump University:

The Art of Buying a Business - Don't build - buy! Why take on all the risks of starting a business? Buying an existing one lets you skip over many of the pitfalls of the start-up phase and avoid costly --learning curve-- mistakes.

Write a Business Plan - Our premier entrepreneurship course equips you with all the knowledge and skills you need to succeed in your own enterprise.

Design a Winning Business - Turn your idea into a success plan by mastering the essentials of financing, market research, marketing, operations and more.

Be sure to investigate all our entrepreneurial classes in the Trump University Course Catalog.  This can be the year when you begin to write the story of your own success. The best time to get started? Today.

Michael Sexton is President of Trump University.

Please log in or join to comment.

13 Comments

[-] Posted by Kevin on 01/09/2007 9:17 AM
All I want is to set a bank account there in America for my US company. The hurdles i have been trying to get over, I have just put a post up there on the Entrepreneurs Forum under Challanges explaining my difficulties. If anyone is interested.
[-] Posted by Lynn on 01/09/2007 2:46 PM
Trump! WIll you please get off the subject of Rosie on every newspaper and evening show?!?! You are disgracing yourself! YOU are the one looking like a damned fool. Leave her alone!
[-] Posted by Richard F. Guyon on 01/09/2007 3:05 PM
When buying a business you also have to watch for that so called Too Good to be True. While it should help new entrepreneurs not stumble on those start up obstacles you will always run into with a new company, it is imperative to look deep into the companies books, not only for the current year, but for previous years, but to also examine not what but possibly WHO makes the profits happen. Are these profitable aspects of the company secure or could they fall apart for the simple reason they are dependant on the current owners relationships with clients or a key employees talent? When starting your own New company,, be ready for extended working hours far beyond the typical 9 to 5. I've personally been working 16 to 20 hours a day since mid September on a project (that consists of 3 smaller projects) with another party on a venture that has already started turning small profits that we expect to be fully ready till mid to end January 2007. The deadline is mainly from a increased demand for the service in months to come. I can even expect to be working some 20+ hour days for the next 3 weeks, but in the end hard work does pay off.
[-] Posted by Gary Wark on 01/09/2007 3:44 PM
Make me a small partner of your US business and the problem is solved. As a US citizen I can open a bank account anywhere in the US. No hurdles! And as a business owner (real estate investments), I have alot more to offer then just US citizenship.
[-] Posted by Rodrigo on 01/09/2007 9:02 PM
As an entrepeneur, i have started a company that now is one year old, we have encountered many troubles during this time, our learning curve has been very expensive, but we are doing good now. In the other hand we have had many problems between the associates of the company and i really don´t know how to deal with it and my company is in risk of breaking apart, i would apreciate any tips or comments on what to do. Thanks
[-] Posted by Mike on 01/10/2007 12:18 AM
hey bud i support ya please excuse
my short frm!!!
[-] Posted by Steve on 01/10/2007 12:27 AM
I love the stories of the founders of Google and more recently Youtube. The idea that you can start a company and in the space of a few years, sell it for $1.65 Billion is amazing.
[-] Posted by Mike on 01/10/2007 12:34 AM
Hi Donald
life is a mistery i think u would agree
i think that u r a hell of a roll model
and i do know some
Mike
may life do well to all who dare to live
[-] Posted by sahara tennant on 01/10/2007 10:19 AM
All I want is Donald Trump to get OFF MY TELEVISION screen. This megalomaniacal jackass has sunk to new lows, his behaviour is tacky and low class - can someone shut him up?
[-] Posted by marlisha on 01/10/2007 3:01 PM
Kevin have you made a list of the hurdles...so you can identify what you have not explored...I must admit how can you have a US company but not be allowed a bank account...do explain?
[-] Posted by Diana on 01/10/2007 3:53 PM
I hated the tent part of the show. This is not survivor, I watch that show. I watch this show for the professionalism. The tent thing I hope will end soon.
[-] Posted by Ed B on 01/10/2007 5:38 PM
Mr. Sexton,
great article, at first I thought these blogs would be a great place to some insight from other business people unfortunately your blog content reveiwer has seen fit to let it turn into a soapbox for liberalism. why and what do any of the most postings have to do with what trump U teaches what is going on there?
[-] Posted by Rachael Sutton #1253595 on 12/07/2008 11:29 AM
In response to Richard F. Guyon's comments. You are so right. If the person selling the business is the special ingredient that provides the edge the company holds, you better purchase his or her services along with the equipment.
Please log in or join to comment.
Why do you need a personal real estate coach?  * To find profitable real estate investments * To negotiate deals like a pro * To close deasl and make money.  Get Started Now!
Get the Feed
AddThis Feed Button
Search This Blog

See how you stack up against Donald Trump take our FREE entrepreneurship test.

Follow Us on Twitter
Become a Fan of Trump University's Facebook Page
Trump University on You Tube
How to Change the World
Tom Peters
Conversation Marketing
Freakonomics
Marketing Excellence Blog
Rajesh Shakya

TrumpU Books

Trump Real Estate 101 Trump University Real Estate 101 Building Wealth with Real Estate Investments

Trump Commercial Real Estate 101 Commercial Real Estate Investment 101 How Small Investors Can Get Started and Make It Big

more...