Trump 101 by Donald Trump: on Budget & Economy

Known for "You're Fired!" but it's unpleasant & disruptive

Firing an employee can leave your business in a hole; that's why so many companies hang on to less- than- desirable workers. To replace an employee, you have to go through the entire costly and time- consuming hiring process again. But frequently, you have no choice. If your business is to move forward, unproductive people must go.

Firing can be an essential and responsible business decision. It isn't pleasant, but lopping off a branch can save the tree.

Money is part of your reward for succeeding

In reality, most of us need to make money; we have bills to pay. However, other objectives can be equally, or more, important, including the stimulation and satisfaction you receive from your work and its challenges. There's also the pleasure of helping others and doing good or the opportunity to learn, grow, and deal with outstanding people, to name just a few.

In early 1990s, I was $9B in debt; but I never went bankrupt

I honestly believe that my attitude, willingness to work hard, and determination pulled me through. Things are so much better now than they were back then, and I came out of it better than I had been at my previous best.

The most important lesson I learned from that ordeal was that I could handle pressure. At that time, many of my friends also fell deeply in debt. Some went bankrupt. Despite my tremendous debt and all the pressure, I never went bankrupt. I was able to work it out, and I learned I could take the heat. You don't know what pressure is until you owe billions of dollars to banks and they all want their money at once.