I read a couple of books carrying Mr. Trumps name: Trump 101: The Way to Success and How to get Rich (after becoming a fan of The Apprentice show I just had to get my hands on a few books of his). While I enjoyed some of the tips, there was one specific story that really hit me. In the book Trump 101, it’s revealed that at one point Trump was having major difficulties in his business. By major I mean that the guy had 9 billion dollars worth debt.
Think about that amount: $9,000,000,000.00 in debt. It’s almost impossible to even imagine that one person can ever achieve that amount of debt.
You would think that 9 billion dollar debt might sound like somebody is in a desperate situation. In the book it was said that Trump remembers seeing a beggar on a street and thinking “That beggar is 9 billion dollar richer than me”.
What did he do? Well, he talked with the bankers. He didn’t give up. He was determined to pay everything back. He started working even harder, and to make a long story short: now Mr. Trump has got up from the hole and doing better than ever.
Beating 9 billion dept requires determinant mind. If at some point you feel like you’ve got a problem, you might as well remember Trump’s example. Never give up and make your way. If somebody can manage to get rid of 9 billion dollar debts, then certainly whatever problem we face can be overcome too.
That’s a good lesson for any business.