Adam Milstein is a successful businessman known for his residential, commercial, and industrial real estate involvement, but he is also a noted philanthropist, being recognized among the 2017 200 Most Influential Do-Gooders. His philanthropic contributions over the past 20 years have focused primarily on Israel-related causes, and much of his work has been accomplished through the foundation he established with his wife Gila.
Adam’s passion for Israel and its people stems from his childhood and formative years as a young adult. He was born in Israel as part of an established real estate family and grew up watching his father run a successful development business.
Adam’s father made Aliyah to Israel in 1947 from Argentina as a sailor on the Haganah “illegal” immigrants’ ship called HaPortzim and participated in the 1948 Israel Independence War and in the 1956 Suez War as a navy soldier. His Mother, who was born in Mexico and grew up in the U.S., also made Aliyah to Israel at the age of eighteen, and the Latin American couple married in 1950.
Adam followed the footsteps of his father and joined the Israel Defense Forces when he was of age, and honorably served in the renowned Ariel Sharon’s Division 143 during the 1973 Yom Kippur War. The division is known for crossing the Suez Canal and having an instrumental role in shifting the direction of the war.
After completing his service with the IDF, Adam married Gila and enrolled at the Technion – Israel Institute of Technology, a globally recognized university that focuses on math, science, technology, and related fields. Adam graduated Cum Laude with a B.Sc. in Economics and Business. He then began his professional career, initially working in his father’s business. Hillel Milshtein was widely respected for his real estate success throughout Israel. Adam quickly proved very effective at expanding the family business, using his industry knowledge as well as his Technion education.
After his success in Israel, Adam moved to the United States with his wife Gila and two young daughters to continue his education. He enrolled in an MBA program at the University of Southern California (USC), earning his degree in 1983. The couple were also blessed with another child after moving to California, where they have made their home ever since.
Adam further utilized his real estate knowledge and MBA education to build an extremely successful career investing in US-based commercial real estate assets. He is currently a managing partner with Hager Pacific Properties, which is a private equity firm that specializes in commercial property. The firm’s portfolio consists of 3,000 apartments and 10 million square feet of non-residential properties, and the cumulative value of these properties currently exceeds billion dollars. As managing partner, Adam is responsible for acquiring and managing a substantial portion of this immense real estate portfolio.
The success which he has enjoyed in real estate has also enabled Adam to become a prominent philanthropist. When electing to support a cause, however, he seeks to give much more than financial support. In addition to writing checks, he is well known for also donating his time so organizations can further benefit from his extensive business knowledge and vast network of contacts.
When supporting a charitable cause Adam looks for philanthropic opportunities that will have the most lasting impact and can benefit directly from his personal involvement. He seeks to help groups that work collaboratively with other causes and organizations.
While Adam has supported and remains involved with many organizations, most of his efforts are focused on three organizations that he helped establish. Two of those he founded in conjunction with his wife, Gila.
The couple first established theAdam and Gila Milstein Family Foundation (MFF). The foundation is involved in a variety of efforts to advance US-Israel relations and counter global and domestic anti-Semitism in America.
MFF has made significant headway in its efforts, and it is proven to be especially effective at mobilizing young people. The foundation has worked with over 200 different organizations on 1,000+ projects and helps support like-minded groups on over 500 college campuses. Online, Adam and the foundation have tens of thousands of followers which helps them reach even more people.
Together with other community leaders in 2007, the Milsteins founded theIsraeli-American Council (IAC) – a firs U.S. of a kind pro-Israel organization reaching out and engaging Americans of Israeli descent. The IAC specifically focuses on promoting the culture of those with Israeli roots throughout the U.S., and it has become the largest Israeli-American organization.
Many Israeli-American families first became familiar with the IAC through its Sifriyat Pijama (“Pajama Library”), a program founded by Adam and Gila. The program delivered complimentary books to Israeli and Jewish families on a monthly basis. Adam remains the honorary Chairman Emeritus of the IAC.
The IAC’s success is a prime example of Adam’s philanthropic vision. This is not the only organization where he has seen a need and then found a way to help by meeting that charitable need in a meaningful way.
Most recently, he helped establish the Impact Forum in Los Angeles. The forum is a group of LA-based philanthropists interested in Israeli and Jewish causes. The group meets regularly to consider charitable opportunities, and members also help support one other’s causes. To date, the Impact Forum network has raised over $3.5 million for nearly 50 organizations.
Other organizations that Adam is involved with include the Jewish Funders Network, Israel on Campus Coalition, StandWithUs, Hasbara Fellowships and Birthright Israel. Each of these organizations is pro-Israel, and Adam is or was a board member on their various governing boards.
To date, Adam’s efforts have earned him a listing on the 2017 list of 200 Most Influential Do-Gooders. The Richtopia list is based on the charitable work which philanthropists and socially-minded entrepreneurs have accomplished through Facebook and Twitter. The list contains many well-known “do-gooders,” including Bill and Melinda Gates, Warren Buffet, Oprah Winfrey, Elon Musk and Elton John.
Adam and Gila Milstein currently live in the San Fernando Valley of Los Angeles County, and they have been further blessed with three grandchildren.
4 Ways to Cut Costs For Your Small Business
One of the biggest barriers to entry hopeful entrepreneurs face is the costs associated with launching and sustaining a small business. From building expenses and licensing fees to payroll budgets and more, there are a lot of financial figures to work out before you start to yield a profit. And when you do see those profits roll in, your margins can be pretty narrow depending on your sales and expenses for that month.
It can be difficult to save money as a small company, particularly if you are in a position where potential risks need to be made to achieve greater profit margins. However, without putting your productivity or financial status in jeopardy, there are a variety of ways you can reduce your company expenses.
To help you cut any overhead expenses that could be holding you back and inflating your deficit, we have gathered a collection of our best money-saving tips.
1. Budget better
Constructing a spending budget for your company will provide the perspective you need to see where your money is flowing and give you a better idea of your outgoing expenditures. Set a time to equate the spending of your corporation to the incoming funds at the beginning of each month to help predict the potential financials. Daily financial analyses will give you a larger overview of where you are investing and where you can trim down.
2. Minimize operational bills
Many businesses expend way too much money on workplace and other operating costs, such as energy bills and overspending on labor. As a company owner, one thing you’ll likely want to explore is whether or not a remote job operation will work for you. It is a smart way to minimize the price you pay for leases, office equipment, and other costs.
If you’re not yet prepared to turn your back entirely on the conventional office environment, you may want to think about a communal workspace. Community workspaces or “coworking” facilities are simply large business areas split by multiple businesses and people that rent offices within the space.
There are different setups for different coworking sites, so you may notice that you either need to rent a part-time meeting room or that you need a pair of private offices five days a week. This effectively helps you cut down on some of those outstanding operational costs.
3. Consider outsourcing
Your workers are your company’s backbone, allowing the gears to spin both in front of and behind the scenes of your business. It goes without saying to you, though, that recruiting workers is seriously costly, especially when you take into account payroll taxes and benefits for your team.
One way to mitigate the costs associated with full-time laborers is to outsource work on an as-needed basis to independent contractors. While some charge higher wages, when you weigh in the costs involved with recruiting part and full-time staff, contractors tend to be more economical than employees.
A possible downside, on the other hand, is that independent contractors are inevitably less familiar with your business than your existing workforce. There are industry-specific networks such as MCT lock desk contracting platforms for mortgage bankers and automated receptionist options that make it easy to connect with individuals who are better acquainted with your niche.
It’s a smart idea to take an especially close look at credentials, job samples, and endorsements before entering into a contract with any potential outsourced staff. In the long term, recruiting the best independent contractors for your organization will save massive amounts of money.
4. Opt for a partially or fully-remote work setup
Because of the ongoing COVID-19 pandemic, many employees across the globe have shifted to a remote work environment, but some corporations claim that they will not be returning back to the workplace anytime soon. Currently, that will really add up to saving money on industrial real estate prices and services.
If you’re not ready to go totally remote you might consider our previous note about how allowing your workforce to work-from-home can cut down on outgoing operational costs while also keeping everyone safe from the spread.
The secret is out: it takes money to make money. But money well spent helps keep your company up and running, meaning you shouldn’t let your profit margins suffer. To help you mitigate your costs and maximize your bottom line this year, use these tips and tricks to get your costs in order.
How To Avoid Defaulting On First Mortgage?
So you have taken out your first mortgage and have begun paying for it. But now you find yourself in financial distress that makes it impossible for you to pay the loan installments. So the payments keep piling up and slowly you are on the verge of losing your mortgaged property. This is a nightmare scenario for any person who has taken out a mortgage loan.
But if you follow some advice you can prevent such a situation from ever occurring. Want to know what that is? Then read on below:
Tips For Preventing As Well As Dealing With Mortgage Defaults
- Save in advance
Financial hardships can strike anytime and the best thing you can do is be prepared for it. As such it’s advised that you save up for future payments from your current earnings. At the very least have 2 months of loan repayment money stashed away. It will help you in uncertain times.
- Talk to your lender
Talk to your lender before doing anything once you are in financial distress. Know that no lender wants to take away your home. So if you talk to them, then you can extend your loan repayment duration or lower your monthly payments. Either way, it will prevent you from more stress and tension.
- Take a breath
If you find yourself missing a loan payment, it’s time to calm down. Don’t stress yourself. Tension and stress will simply make the situation worse for you. It will distract and frazzle you. The solution in such times is to calm down and look into ways to arrange the loan money.
You can ask your friends and family for help or try getting a job that will allow you to pay off the loan and put food on the table. In dire situations, you can look into selling valuable possessions like gold. However, there is one thing you shouldn’t do in such situations- try getting more loans. It will simply make the situation worse for you.
- Cut back on expenses
If you find yourself falling back on payments, it’s time to look into other areas that are eating up a large chunk of your income. If you are dining out or going out more then lower the number of days you are going out. Note that even if you are going out, try to go to an inexpensive place. Apart from this, try cutting off cable if that’s an unnecessary expense. After all, little things will add up for your payments.
If you have lost your job, then it’s time for figuring out your budget once more. Pay more attention to the mandatory expenses and less on luxury items you could do without till you get a new job.
- Rent a room
If you are in financial hardship, renting out a room or multiple ones could save you from getting kicked out into the streets by the bank. It might help you at least get your loan repayments made on time with some money even left for essentials. In short, it can tide you over till you get back up on your feet again.
If you are distressed over the kind of person who will live in your home, then know that you have the power of choosing the tenant. Not to mention the fact that you will be able to enforce the rules for staying in your house. Note that if you are going through times of financial hardships, don’t panic. Try to figure out possible ways to get money. But above all, talk to your lender and figure out a way to minimize your payments in the short term. It will help you breathe easy.
SPELLING ERRORS AFFECT BUSINESS – HOW TO OVERCOME THIS
Have you ever experienced seeing or reviewing an advertisement with grammatical errors? As a business holder, we tend to hold the buyers but due to these silly mistakes, we lose the customers. It makes them think 100 times before purchasing anything. No one really wishes to offer their badly earned bucks to anyone who doesn’t have seemed to think enough to evaluate their copies for spelling. It is essential for managers to be conscious of environmental pitfalls, to improve from others’ mistakes, and to spend time to prevent flaws.
The medium of communication is verbal or written and it is composed of words that we use to make them compelling and reasonable. If the base is not strong in these titles then the business will surely fall down. However, people read or listen to the advertisements and then judge on the basis of the quality. The golden factor of this quality is a textual representation that must be of high class.
If you wish to get grip on the words then you must have the knowledge of spellings that make up a quality sentence. For this purpose, there is a spelling test available to test your knowledge and get the result.
Reasons to avoid grammatical mistakes:
There are numerous reasons that direct you to avoid any grammatical mistake in business write-ups. Some of these are mentioned below;
- First Impression has a strong impact on customers
You want to give a positive initial perception to your fans. You want not only to get their interest, but you want to win their esteem as well. Proper grammar, complete sentences, and the effective use of syntax would offer them more faith in interacting with the client (or the organization).
- Good Reputation is the base of returned customers
Similarly, a business that interacts simply and accurately is more inclined to obey buyers and suppliers. Using correct English will help preserve the integrity and prestige of your corporation as a competent, reputable brand that considers all its dealings with its clients and vendors as enormously important.
- Effective communication matters
It is possible that by handing them grammar errors to stay clear of, you are distracting your viewers from the message. Such mistakes also render the content difficult to understand. You wouldn’t like to confuse the minds of your viewer, specifically if you are attempting to get them to take some sort of action.
- Competitive Edge maintenance
Competition only comes where the base is strong. When your communication level and advertisement base will be of high quality then your firm will be a competitive edge. Buyers mostly trust those brands whose interaction quality is strong.
- Productivity increases:
Including group members, many organizations rely on written guidance (for example, reports or email messages). Right spelling and grammar will help the workers quickly identify your orders while preventing any uncertainty or disappointment about what is required of them.
The significance of perfect grammar in marketing communication is certainly that all businesses, irrespective of their size or the sector in which they work, should take into consideration.
Using your machine, computer or mobile automotive components tool should be the first and most simple verification; however, you should not depend only on search engines to catch errors.
It is important to re-read your paper; ask an employee to assist, either do it yourself or better yet. It is always a smart option to get a fresh perspective to glance over what you’ve composed. The old traditional script and scale over a paper piece is still the easiest way to read and comprehend a report; other methods involve reading it sideways or voicing it softly.
Easy Tips to Review:
After you’ve done composing, going to take a break, and reviewing your work can also boost your capacity to identify errors. This requires adaptive spelling skills. It also gives the opportunity to refine it as you move forward, fixing terminology and sentence structure. For messages, where you don’t get a chance at making a successful first statement, this is extremely crucial.
- Never ever forward anything without giving a fresh pair of eyes or proofreading your write up.
- Don’t get multitasking work because it can cause grammatical errors. Writing any = paper requires full concentration.
- Review each and every terminology but after a while. Just take an hour because when you review after some time, you get a fresh mind.
Equivalently so, it makes perfect sense for workers in command of marketing interaction to be competent in their jobs. The required preparation and resources should be made available; there is also a range of blogs that provide guidance on written communication and can be directed to.
There’s a tool named spell quiz which offers a wide variety of tests to take. It also gives a report at the end of every test to make you aware of your mistakes. Visit SpellQuiz.com for more information.
How JewelFlix is Changing Jewellery Business in India
The internet has made shopping so easy for everyone that you can buy anything now at the click of a button. Until now, the Jewellery businesses have been very slow in catching up with the online shopping world. But now, it has been made so easy with just one idea which brought the Jewellery market online.
‘Tansh Jewels Private Limited.’, an already established jewellery firm came up with the idea of doing something which would change the entire industry, in both B2B and B2C. This included Customers, Jewellery Retailers, Wholesalers, and Manufacturers. The idea of “JewelFlix” quickly caught up with the Indian market among both Jewellers as well as consumers.
What Does JewelFlix Represent?
JewelFlix is an online jewellery marketplace where Jewellers from all around India would be able to showcase their products for the whole world to see. When Jewellers were made aware of this venture, they quickly associated with this idea. This was an opportunistic moment to extend their business visibility. From just a small city where they operated in a limited area to a broader reach across the nation. The sellers adopted this and experienced a boost in their sales as well as recognition of the brand on social media.
This exhibition of products was not the only feature of JewelFlix. But they also provided every associated jeweller with their own exclusive website and mobile application for Android and IOS. This allowed individual Jewellers to develop their own brand and customer loyalty.
For people, this online jewellery shopping store was a place to explore thousands of different and unique crafts of jewellers in India. Now people didn’t need to go from shop-to-shop to find that perfect piece of wedding necklace, ring, bracelet, or any jewellery item. They would just visit www.jewelflix.com and then choose among the hundreds of products listed. Each product has the specifications like weight, purity, metal, brand and various other details mentioned along with the photos of the exact product.
The Success at South Jewellery Show, Bengaluru
The event of South Jewellery Show held on 8th to 10th January 2021 in Bangalore was exclusively held for Jewellers all around India. This was a chance for already established jewellers as well as fresh-in-the-market jewellers to showcase their products among hundreds of other jewellers.
This event was a big occasion to network and develop new business relationships among Manufacturers, Wholesalers, as well as jewellery retailers. And it turned out to be a big success for JewelFlix as well since they were able to explain their services, features and benefits directly to the jewellers.
South Jewellery Show, Bangalore
With the aim to digitalise the jewellery industry and collaborate more than 5 lakh jewellers by contributing to creating a Digitalised nation. The Main agenda of JewelFlix is to render the best digital services to their customers by boosting their business online and making their dream come true.
What are the Main Reasons Jewellers Choose JewelFlix?
JewelFlix provides a global business platform to connect with top industry brands of retailers, wholesalers, and manufacturers. The continuous marketing for the associated brands on the website as well as on social media. This widens the range of business visibility and provides with more genuine leads. And one of the most liked and important features is the ability for each individual jeweller to market their own brand using the exclusive app and website.
These are the core benefits provided by JewelFlix and it is believed that more features and benefits are along the way on their platform for the Jewellers in India.
In conclusion, it can be said that JewelFlix is revolutionizing the online jewellery industry for businesses as well as consumers around India.
Worry-Free Moving: A Downsizing Checklist for Seniors
According to a survey conducted by TD Ameritrade, 42 percent of respondents said they plan to downsize in retirement.
It makes perfect sense. The kids have moved out of the house, and you no longer need the extra space. All those household tasks – cleaning, maintenance and repairs – that made sense when the house was fully occupied, don’t really make sense any longer. And the added money you spend on a large home could be better used by enjoying your retirement.
The process isn’t always easy, though. Letting go of the family home, and the lifetime of memories therein, can be emotional and laborious – especially if you go it alone. If you are considering downsizing your home (either for yourself or an elderly loved one), you can make the process easier with this checklist.
Talk with Loved Ones
Whether you’re the one downsizing or you are sparking a conversation with ageing loved ones, it’s wise to talk things out. To start, determine the reasons for downsizing: is it a financial decision, for health reasons, or are they looking to make a positive life change? Perhaps it’s all those reasons.
Getting to the root of why downsizing makes sense can help the process along. Next, talk about possible reservations you (or they) might have. Are you nervous about decluttering? Is there trepidation about the move itself? The more you define your reservations, the better you can address them.
Outline Criteria for Your New Home
Besides a smaller size, what are you looking for in a new home? Do you want to be closer to family? Are you craving a community of like-minded seniors? Do you require greater accessibility and fewer house responsibilities? Answering these questions will help guide you toward your perfect home.
To set your downsizing adventure in motion, you will need to edit your belongings. For best results, call in the experts for this step. A professional downsizing company can help you declutter and organize your belongings. Working closely, compassionately and patiently with you, they will sort your belongings and spearhead the sale or donation of unwanted items.
Take pictures of your old home, and if it helps, take photos of belongings you are giving away too. These reminders of the past can help ease the transition. They are an acknowledgement of the significance that your home had in your life, and you can even hang them in your new home as you get used to it.
Leave Move Day to Professionals
When moving day rolls around, you want to focus on bidding farewell to your old home and saying hello to the exciting new chapter of your life ahead. You don’t want to be bogged down with moving logistics and tasks. Look for a professional downsizing company that, in addition to offering decluttering services, offers end-to-end move management, taking care of truck rentals, elevator reservations, packing and unpacking. Leaving move day to the professionals takes a lot of the stress out of the process.
With a few candid conversations with loved ones, some proactive planning and the help of professional downsizing services, your move will be largely stress-free and positive. Now, all that’s left to do is enjoy your new home – and the money you saved along with it!
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