Being successful as a solopreneur or entrepreneur, you need to be very strategic. Some days will be hard and others smooth and on such days, you will need inspiration from entrepreneurs who have gone through the same challenges. Today, we take a few success tips from Adam Milstein’s interview with Ideamensch, which was held in 2016 December.
Be Patient and Persistent
Being successful at entrepreneurship requires that you are very patient. According to Milstein, there are no shortcuts to success and success cannot be achieved overnight. Milstein learnt this the hard way, but you don’t have to, you can simply learn from his story. Milstein told Ideamensch of a time when he was selling art to temples in Israel. At that time, he was in campus and needed to make some quick cash. So when he started out and sold every last art on his stock, he knew that that was it for him. He went ahead and bought more art with the goal of selling it overnight. But this did not happen. He ended up a frustrated man as his art took more time to sell.
Don’t Put Your Eggs in One Basket
Adam Milstein advices entrepreneurs not to put all their eggs in one basket. The story discussed above taught him that. The best strategy to acquiring success is to diversify. Do lots of different stuff and identify one that is successful. At that point, you can add more money to grow the product line or company.
Milstein advises entrepreneurs to always follow up on leads. According to Milstein, if one does not follow up on contracts or leads, for fear of failure, they lose even better chances of success.
About Adam Milstein
Milstein is a co-founder and chairman of Hager Pacific Properties. The company deals with the development, purchase, and sale of commercial real estate property. Other than being a successful entrepreneur and businessman, he is also a serial philanthropists. Every day for Milstein is a day to give. He is the founder of Adam and Gila Milstein Foundation.