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donald trump

“I don’t do it for the money. I’ve got enough, much more than I’ll ever need. I do it to do it.” (Trump, 4) This quote by Donald Trump bluntly sums up how he views his success as an entrepreneur. Donald Trump was born in 1946, with the full name of Donald John Trump. He was born into a wealthy family which could trace back to his paternal side of his family's past. With this being said, one could imagine that his childhood was a privileged and blissful time. Through assisting his father in his business proposals as a child, Donald would inherit the skill of recognizing a good deal when he saw it. As a result of these acquired skills, Donald Trump would soon become one of the richest men in the world. Looking at his education, personal traits, and use of business strategies one could recognize why he has become one of the leading entrepreneurs of our era.

At the young age of thirteen, Donald Trump enrolled into the New York Military Academy. While he was there, he was faced with many obstacles that he would perceive as easy to overcome. He was told, basically, how to live his life each day. He let nothing get in his way. “For the first time, Donald was in a place that encouraged and channeled competitivenes


Trump did not take his success for granted; instead he built on his own success. He wanted bigger and better things. The bigger and better things for Trump included things like hotels, casinos, and restaurants. Trump built, what he called, an empire which consisted of the Trump Taj Mahal, Trump Plaza, and Trump Marina. All of these resort/casinos received five star ratings by travel guides. On April 2, 1990, Trump uncovered the Taj Mahal casino and resort. (www.trumptaj.com). This casino and resort is one of the largest of its kind in the world. It increased Atlantic City's gaming capacity by at least twenty percent. It includes some of the world’s finest chandeliers, carpets, and works of art. But renovating this hotel and casino did not come easy to Trump. When he inherited the Taj Mahal there were arising problems, such as the economy being in a slump, and the $53 million already put into the Taj. Trump thought that starting from scratch would be senseless. Therefore, he took out loans and put billions of dollars that he didn’t have into making it bigger and better. Trump soon made a deal with a man named Merv Griffin. The compromise gave him $12 million dollars and the Taj Mahal, unfinished. Through the mass renovation period and rise and fall of financial flow, this turned out to be one of the best deals Trump has ever made. The number two casino in the world is the Trump Plaza. This project was more planned out and budgeted much better than the Taj Mahal was. Their budget was $220 million. They planned the grand opening of the Trump Plaza for May, 1984. “I was confident we could finish ahead of schedule, and even under budget, based on how carefully we’d done our planning.” (Schwartz, 143) On opening day, the public response exceeded Trump’s uncultivated expectations. Thousands of people attended. Because of his success with hotels, and real estate, Trump was presented with the Hotel and Real Estate Visionary of the Century Award. (Hotel and Motel Management, p.42) To this date, Trump's hotels, casinos, restaurants, etc. are among the elite worldwide.

As you can see, Donald Trump's ability to take business risks has allowed him to become one of the most successful businessmen in the world. Trump was fortunate to have grown up in a wealthy family that gave him opportunities that the less fortunate were not able to have. Trump's life was not always a cake walk. He experienced both highs and lows. Through his education, personal traits, and his business strategies, Trump

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Approximate Word count = 1692
Approximate Pages = 7 (250 words per page double spaced)


  

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