Adam Milstein provides an interview where he offers his finest strategies to being a key player in business and in philanthropy. He offers his knowledge to others who may not know how to be successful on their own. Here are the things that he hopes to teach others.
First, you have to know the issue if you ever expect to understand it. You cannot rely on others to understand it for you and you have to be willing to be a piece of the solution. First understand the issue, next think of what you can do to fix it and then do it.
The one thing that Adam Milstein says did not work for him in business is setting goals for himself. For him, Adam talks about how the goals prohibited him and limited him. He strives to be the best and to do the best. He is driven by success and the more successful he is, the more he pushes himself to do and be.
Adam Milstein talks about not letting others get to you when they offer their own criticism. You have to be used to letting others speak their minds and then do what you feel is the right thing. For him, he knows that at first, when you first start out in real estate, you spend a lot of time not making much money at all.
When asked about the one failure that he had as being an entrepreneur, he offers this advice to others on how they can avoid it or overcome it.
Adam Milstein made the first mistake in business and that was wanting to be successful from the beginning and expecting it to happen. He put everything he had into just one business venture and he hoped that the one venture would return big profits from the start. The one thing that he did wrong was in the beginning, Adam was selling some art to the temples that are in Israel. They started out selling like crazy but overtime, he spent too much money on inventory without really knowing how the business would do. Therefore he tells you to not expect to make a bunch of money right off the bat.