Many entrepreneurs focus solemnly on accumulating profits in their businesses. Adam Milstein has, however, differentiated himself from this pattern. Adam Milstein is a great humanitarian and incorporates his businesses with philanthropic activities. Together with his wife, they work to ensure that the Jewish culture is maintained and passed from one generation to another. He also personally takes an interest in expounding the knowledge in the culture. Adam Milstein is also the Managing Partner at Hager Pacific Properties.
He says that when he was in the university, there were investors who came looking for employees in his school. They underestimated him, and they never found his academic accomplishments valid. They, therefore, offered extremely low rates. It is during this time that he decided to work on his own. He became a broker in real estate, and after three fruitful years, he became an independent real estate investor.
To Adam Milstein, the structure of a day cannot be precisely defined, because it changes with rising of assets. However, involving himself in philanthropy work on a daily basis has been effective and satisfying. Although he outsources his workload, he is also independent. He says that if ideas remain unevaluated, they are useless. He, therefore, advises young business people to make what they want, happen. By this, he means if you assign a task to someone, and the person does not do it, engage yourself and get it done.
There is no success with no failure. Besides, failure is another way to learn not to do something. Adam Milstein says that one of his failures as an entrepreneur was the desire to acquire wealth in a fortnight. When he was studying, he used to sell art, the market was good, and he, therefore, bought inventory in excess. His decision was wrong, and it took a long time to recover. He discourages entrepreneurs from putting all their assets on a project for quick results. Patience is key to success.
Adam Milstein does not have a specific rule that he follows to be successful. He simply believes in giving everything you do your best shot. He also says that it is vital for an investor to learn to avoid being affected by criticisms.