Adam Milstein is known as one of the biggest philanthropists, who reside in the US but with a Jewish background. Born in Haifa to a mother who was a housewife and a father who was professional in the real estate industry, Milstein was determined to make his parents proud. He studies at the Technion and graduated in the year 1978 with a bachelor’s degree in business and economics. Being loyal to his country, he also served in the Israeli army during the Yom Kippur war.
As a student, Milstein was very passionate about business. His dream was to succeed as an entrepreneur. So, he started selling art to Israeli Temples. He discovered that art in this places was hot cake. Therefore, he decided to invest everything in the business. But, it did not work out. The stock that he thought would sell overnight took a very long time to move. However, he did not give up. Instead he to a valuable lesson from it. He learnt that you cannot be successful by putting all your eggs in one basket. Also, you have to be patient as success takes time.
When Adam Misltein completed his bachelor’s degree, he got a scholarship to further his studies abroad. He was admitted to USC where he was he obtained His MBA. It was during his time at USC when he decided that he would pursue a career in real estate.
During his interview with Ideamensch, he had a lot to inspire upcoming entrepreneurs. His first advice is to never rely on people. If you are serious about your business, you will be part of solutions to every problem. He also advised entrepreneurs to be persistent and consistent. He advises that you should follow up on every lead and every contract. Don’t just give up on everything because one led did not go through. The failure to follow up makes you lose on 100% chances at success. Lastly, he advised that one should never put all their eggs in one basket. Diversifying is key and when you notice that one area is doing well, now you can add more money.