In this episode, we explore the ethical dilemmas faced by participants in The Apprentice, focusing on the importance of reliability, reputation, and ethical boundaries in business. Trump emphasizes that one's word should be their bond and that maintaining goodwill is crucial for future opportunities. The discussion also highlights the strategic management of tasks.

"The Art of the Deal:

Negotiation is a very, very delicate art.

Sometimes you have to be tough.

Sometimes you have to be sweet as pie.

You never know, it depends on who you're dealing with.

I've always said that negotiation is not really learned, it's almost innate, it's in the genes.

A negotiator is born." - Donald J. Trump

"it's very simple, deal with the boss wherever possible" - Donald J. Trump

episode lessons:

• speak with the boss directly
• think outside the box
• sound marketing and communications strategies are important toolkits in any endeavor
• set your sights high; visualize success
• reward loyalty; read another way, do not let down people who are loyal to you!

"The men's team, Versacorp, compete with the women's team, Protégé Corporation, on a more advanced business project this week. They are to produce a print ad, TV commercial, proposal and media plan for Marquis Jet, luxury business travel."

A few lessons:

• location is key, but having the right partners is even more important
• be courteous towards your superiors
• 'you have to act, not just listen'
• do not disqualify yourself
• celebrate, but don't let it get to your head, get ready to be back in the 'competition' quickly

"The inaugural episode of the series has virtually all the same components that propelled it to 15 seasons. There are 16 candidates in a 13 week job interview with the promise the winner gets a "6 digit salary" in the Trump organization."

Fred Trump: #Competence #Efficiency

Mary Trump: #Splendor #Magnificence

Ronald Reagan is another example. He is so smooth and so effective a performer that he completely won over the American people. Only now, nearly seven years later, are people beginning to question whether there’s anything beneath that smile."

- Donald J. Trump

And that's when I make a decision." - Donald J. Trump

"one of keys to thinking big is total focus"

- create compelling spectacles / know how to entertain

- when attempting to secure a deal, first highlight the points that the other party will like - being comfortable talking is a skill that helps in sales

- Trump prefers earth tones to primary colors (for building decorations)

- nailing costs is the name of the game in real estate development

- speak directly to the owner/manager if you want your case handled with more expediency and competence

- always be willing to walk away

- put pressure on mid-level staff by emphasizing the high expectations set with the owner/manager at project iniatiation

- remind the other party why you are, and potentially will continue to be, a great partner for business - be determined and unfazed by (corporate) scare tactics

- speak up your mind

- cultivate great relationships for character references, with people you sincerely admire

- be efficient; your family life demands will require you to level up in efficiency

- set golf dates (or other outdoor informal entertainment) on weekends, with current & prospective business partners

- have extremely high standards, for your career and your personal life

- encourage people who work for you to keep up the good work, and directionally, to work harder

- sometimes, with some people, less (talk) is more

- again, don't give up on your extremely high standards and ambitions ("I tell the guy on the phone that I’m still interested in a plane, but that he should keep his eye out for a 727, which is what I really want.")

- follow-up.

- in general, be kind, courteous, and generous with your time

[and that wraps it for a first week at

@TrumpTower

with

@realDonaldTrump

]

@realDonaldTrump

admires: warmth and great political instincts

- when the request is in a good-faith and reasonable, be accommodating

- it's a loop; do business with people you appreciate, tell people you appreciate them

- provide value

- know your worth & have a “many options” attitude

- have a long time horizon

- don't get too excited by the first offer

- think of small tasks you can do today that will save time, money, efforts, or energy tomorrow

- be persistent (yet adaptable to evolving circumstances)

- move quickly & decisively when the time is right

- trust your gut

- "That experience taught me a few things.

1/ One is to listen to your gut, no matter how good something sounds on paper.

2/ The second is that you’re generally better off sticking with what you know.

3/ And the third is that sometimes your best investments are the ones you don’t make."

#Lessons

@realDonaldTrump

#RealDJTWisdom

- don't let personal preferences affect your business judgment

- never waste (yours or someone else's) time, go straight to the point; keep things brief

- think of second order consequences and incentives

- cultivate the courage to speak up your convictions even when it may be unpopular

- protect your time

- "keep as many options open" as you can

- think "Right Price" and "Cash Flow"

- cultivate the ability to see through the essence of a deal as fast as possible

- on loyalty: "I’m loyal to people who’ve done good work for me."

- listen to your gut : "I hear Lee and his guys out on their deal, but in truth, it doesn’t excite me much. We leave it that I’ll get back to them." & "Larry’s both a bright and a nice guy, and he’s very enthusiastic, but he doesn’t convince me."

- on Calvin Klein's success: "he's a very talented designer, but he’s also a very good salesman and businessman—and it’s the combination of those qualities that makes him so successful."

- on responding to fake news: "The way I see it, critics get to say what they want to about my work, so why shouldn’t I be able to say what I want to about theirs?"

#trump #lessons #artofthedeal

- @realDonaldTrump was respected by top Wall Street CEOs already in the 1980s

- be a good judge of character & potential; bet on winners and good people

- be generous with your gifts; skillset, network

- be tough when necessary: "the fact is that if you’re right, you’ve got to take a stand, or people will walk all over you."

- "I don’t hold it against people that they have opposed me. I’m just looking to hire the best talent, wherever I can find it."

- going out for lunch is "mostly" a waste of time

- Trump was already very acquainted with the law system already, with his late sister Maryanne Trump Barry, being a federal court judge in New Jersey

- Trump was already exposed to high stakes interactions with foreign governments and getting things done internationally

- Trump always made time for his family: "I always take calls from my kids, no matter what I’m doing. I have two others and as they get older, being a father gets easier. I adore them all"

- keep your schedule flexible

- keep your meetings short & to the point

- strive for a high a level of input & output

- "plan for the future by focusing on the present"

Donald Trump needs no introduction.

He served as the 45th President of the United States and at the time of this recording is soon to be sworn-in as the 47th President of the USA.

In this podcast, we will explore the tools, techniques, and mindsets that built Donald Trump’s acumen in business, media, social, and personal life.

He has without a doubt achieved what few others have in their lifetimes and we can all learn from his accomplishments.

Through his many published writings, we will explore his career and tie it with key lessons learned.

I hope you enjoy the podcast and stay tuned.

Cheers.