Trump University Entrepreneurship 101: How to Turn Your Idea into a Money Machine, Second Edition

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Mobilize Powerful Resources Quickly

Figure 17.3 Milestones for Purchase of Investment Property

Mon. Tue. Wed. Thu. Fri. Sat. Sun. Mon. Tue. Wed.

Offer to

Purchase

signed

Homework on neighborhood,

market, timing, profit potential

Executive

summary

Building

engineer

for Boston

Real

estate

lawyer

Commercial

leasing agents

Architect

Line up

financial

resources

Commercial

building

inspector

Qualify

contractor

Go-No Go

Decision!

If Go,

sign the

Purchase

and Sale

Agreement

Source: The Center for Competitive Success, www.CompetitiveSuccess.com, “Milestones for

Purchase of Investment Property.” Copyright

C



2004 by Michael E. Gordon. Used with

permission.

Summary

Entrepreneurial resources are anything that can move your venture further

and faster and with the least risk, while improving your chances of success.

In this chapter, we discussed the six categories of resources: people, physical,

financial, knowledge, infrastructure, and imagination. Mobilizing resources

should be one of the first things you think of as you pursue your entrepreneurial

goal.

Actions

⻫ Now it’s your turn. Create your own Milestone Charts for the first month

and year of your venture.

⻫ Develop an action plan to mobilize needed resources. What? When? How?

Think big, and outside the box. Don’t be constrained by what you own.

Chapter 20 teaches you about raising money.

⻫ Now, go out and get them. Take action. Pick up the phone; set up a

meeting; get in your car; do something RESOURCEFUL!

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