Adam Milstein is a well-known philanthropist, real estate broker and community leader. Born in Israel, he came to the United States in 1981 where he earned a business degree from University of Southern California. He began his career in Community Real Estate in 1983, when he opened his own business. He is the co-founder of National Chairman of Israeli- American Council and on the board of Israel on Campus. Adam Milstein serves as a managing partner at Hager Pacific Properties, a private real estate investment firm. He was recently interviewed for Idea mensch.
Milstein recounts that when he was pursuing his MBA at Southern California, he felt the sting of interviewers not appreciating his world view or experience. He says that companies offered him the pay that undergraduates got. Instead of becoming bitter, he struck out on his own and soon found success on his own terms.
A typical day for Milstein doesn’t exist. He explains that every day in the world of business is different with ups and downs and changes. As his assets grew, he became more structured in the organization of his company. He also says that becoming involved in philanthropy gave new meaning to his work.
Adam Milstein credits his tenacity and follow up for his success in business. He says that you can’t let things fall between the cracks. Milstein pushes himself to make ideas come to life and he doesn’t leave tasks to other people; he’d rather do it himself. When asked what the best $100 he has spent recently, he answered dinner with his children and wife. Nothing can compare to that.
If Adam Milstein admits to one mistake, it is trying to make it to the top…fast. He says in the beginning, he wanted to capture everything all at once and achieve his dreams. Success takes time and dedication. Especially in the real estate business, where supply often lags behind the demand side, for years. You must have patience and persistence. He believes these qualities are what set him apart from his competitors. Adam Milstein is a successful businessman who has learned that giving to others is the real key to happiness.
Kate Hudson’s company Fabletics focuses on its customers as well as the experience. One of their main goals is to help create a support system via membership to help, not just to get to know their customers but also to help motivate and inspire them to be active in their own day to day lives.
Fabletics is designed to be fun, while at the same time, sporty and customized to fit your daily lifestyle rather than be the path to becoming fit or to continue being healthy and have something to wear that is flexible with your schedule.
The competitive side to Fabletics is not just at core business principles but is also integrated into their subscription, or rather their membership, where unlike some other memberships at other fashion stores Fabletics’ is all-year-round meaning that they don’t produce things seasonally.
For the customer and exclusive member, this means 25-31 new outfits a month. Which can be really exciting for the exclusive members that frequent their favorite athletic clothing outlet. Brand new designs, colors, and choices mean the customer will be happier and is sure to excite them about whats going to be next.
But the fun and success don’t stop there, Fabletics has always been known for its reverse showrooming which puts Fabletics into direct competition with Amazon and other online retailers. However, despite being much smaller than Amazon at its creation Fabletics’ business model has contributed largely to their success. Instead of going online to just browse products you are greeted with the opportunity of becoming a VIP Member before you’ve taken a look at any of their products. However where it becomes more intuitive and personal than other retailers such as Amazon is that along with a VIP Membership you are also given an offer to discount your first purchase after signing up.
The personal connection only starts there though with an interactive quiz (which can be found here: https://www.fabletics.ca/get-started) about you and your lifestyle, as well as getting your measurements so that the website can actually help you find and discover products specifically tailored for you and your body type. This not only allows Fabletics to get to know you but also creates a very comfortable and welcoming experience for potential new customers and members. You are treated as an individual and not just another consumer.