Quick Bio Of Adam Milstein
Adam Milstein is a major Jewish American philanthropist and real estate developer who lives in the Los Angeles metropolitan area. He currently serves as a managing partner at the Hager Pacific Properties real estate development firm in Encino, California. To support charities close to his heart, Adam Milstein has created his own foundation called the Adam and Gila Milstein Family Foundation. Gila Milstein is the name of his wife.
The Summary Of Adam Milstein’s Ideamensch Interview
Adam Milstein was asked on Ideamensch what is one habit he has that helps him to achieve his goals in business. Mr. Milstein’s response was the following. It was following up on tasks and goals, being persistent and also consistent. Keeping these things in mind helps him tremendously in his real estate business.
Ideamensch asked Adam Milstein what is one thing that he has done over and over again during his career and that he recommends other people try. Mr. Milstein’s response was to to try and understand issues in your business yourself as much as you can. He also went on to say that one should not rely too heavily on other people. You should become part of the solution instead of just asking other people to solve it for you. Engage the problem, understand it, study it and then solve it.
An interesting question posed by Ideamensch to Adam Milstein was for him to describe a failure he experienced in business and how he overcame it. Adam responded that one of his biggest failures was trying to succeed in business rapidly. What he is referring to is the idea that one can strike a big fortune from just one venture and in a short span of time.
Milstein sold art to a few temples in Israel while he was a student at the Technion. The few sales he did went so sell, that Adam thought that if he bought a large amount of art that he would quickly make a nice buck. That was not the case. The large stock of art he had bought took years to sell and was not as profitable as he had hoped. Adam Milstein now realizes that one must take the long way and be prepared for the long ride to truly succeed in business.