Before venturing into entrepreneurship, it is crucial to learn and acquire the knowledge and skills required to make you successful in business. Although some people like Richard Liu Qiangdong have used trial and error methods, not many can have the persistence to succeed in their business endeavors finally. That is why those thinking of venturing into entrepreneurship can learn from the successes and failures of people like Richard Liu who started their businesses from scratch and are focused on doing business based on good morals.
Richard Liu Quiangdong is the founder and CEO of Jingdong Mall, which is also known as JD.com. JD.com is now one of the largest retailers in all of China, and has recently partnered with well known business such as Farfetch, Google and Walmart.
An interview called “An Insight, An Idea” sits down with Richard Liu to discuss his career and how he has transformed the retail industry. His company JD.com is now one of the largest retailers in all of China and it has been very successful.
Richard Liu gives lectures on the best ways to succeed in your startup. He is a person who likes sharing crucial information on how to succeed in business. Doing business in modern times is not easy, and that is why you need to follow the right path by learning from those who have already succeeded.
Liu Quiangdong has talked of his life in various forums. While growing up, he faced challenges, but he was determined to achieve great things in his life. He has never given up, and he was always persistent looking for a way that can make him successful. That is why he discovered that many people start businesses without knowing what problem they want to solve. Liu tells other entrepreneurs that when they think of starting a particular business, it has to be valuable. When starting a business, think of something that can be helpful. You focus should not only be making money because you may end up failing miserably. Think of how you can help others to achieve their dreams and success will follow. See This Page for additional information.
Many people start businesses, and they do not operate within the law. Liu Quiangdong is an individual who has succeeded in his business because he is always ready to run his business within the law. You must ensure that you do not have issues with the government as well as your competitors. Doing unethical business can lead to having problems with the state, and you may end up failing. Also, as you start your business, you need to look forward and know what you want to achieve. Setting up clear goals can be a good way of achieving success in your business.
GreenSky Credit has emerged as one of the top names in the fintech industry. It has continued to experience strong year-over-year growth in an industry that has been plagued by scandalous underperformance and massive failures of some of its leading darlings. While companies like OnDeck and Lending Club have spiraled towards the ground, set aflame by their own hubris and incompetence, GreenSky has continued to soar towards the sky.
Now, the company that was founded just 13 years ago, completely self-financed by its founder, David Zalik, is rumored to be considering an IPO that some say could be worth as much as $10 billion. This serves as a sweet victory for a company that was initially derided as boring, old-fashioned and lacking vision.
Grandma’s financial advice wasn’t wrong
While so many newfangled financial tech companies thought that they could change the world and usher in financial utopia, GreenSky Credit was focusing on doing what has been proven for centuries to make money. From the beginning, the company decided to focus only on doing deals where there was clear and identifiable value being created for all parties involved. GreenSky also chose to focus only on the highest-end borrowers, those who typically have a FICO score in the above-800 range.
By doing these things, the company avoided almost all of the deadly pitfalls that its competitors have since been ensnared by. For starters, the fact that GreenSky was dealing almost exclusively with prime borrowers meant that the company had a very easy time pitching its business to its lending partners. As a result, the company has been able to bring onboard more than a dozen of the top lenders in the country, including Fifth-Third Bancorp, Region’s Bank and Sun Trust.
At the same time, most of the projects for which GreenSky was lending money ultimately end up being net value-creating. For example, customers looking to do big-ticket home remodeling projects on expensive homes almost always end up seeing their home prices increase by more than the cost of the project itself. This means that these customers are making money and, therefore, are far more likely to pay back the loan in full.
JHSF Participacoes is a leading company in high-end real estate sector in Brazil. The company is a significant stakeholder in residential and commercial property and also takes part in developing high end hotels, shopping centers and airports. JHSF Company was founded in 1972 and was a pioneer in the provision of technology that was innovative, of good quality and provided sustainable solutions.
JHSF has been featured in large business transactions; this includes the selling of five mall assets to XP Mall. The transaction was estimated to be worth over R$ 65o million. In return the company was able to get shares in XP mall worth over R$ 110 million. JHSF is popular for developing quality infrastructure and services like parking for malls and hotels.
According to JHSF, around R$ 450 million from their transaction with XP mall will go into Catarina Executive Airport. The funds are set to be used to reduce debt, and expansion of the airport shopping center. In 2014, JHSF purchased a chain of restaurants from the luxury hotel group Fasano. A total of 19 hotels under the Fasano group are run by JHSF.
Other businesses run by JHSF group include shopping centers such as the Shopping Bella Vista, Shopping Cicade Jardin, Shopping Ponta Negra and the Catarina fashion outlet. All these stores are luxury brands that offer the ultimate shopping experience.
José Auriemo Neto is the chairman of JHSF Participações SA. The business is owned by his father. He previously served as the chief executive for the company where he oversaw the company’s interests in hotels, office buildings and public developments. During his tenure as chief executive, Jose was able to administer the vast portfolio of the group in the shopping and retail sector.
In 2009, Auriemo Neto was part of the group that oversaw JHFS venturing into retail for the first time. This was through the signing with Jimmi Choo, Pucci and Hermes where the brands were featured in outlets at the Cicade Jardin shopping complex owned by JHSF. In 2012, JHSF entered a partnership with Italian luxury brand Valentino. The partnership saw the opening of the first Valentino stores in Brazil under Aurimo Neto’s leadership.
Fortress Investment Group is a private for-profit equity firm that was founded in the year 1998 by Randal Nardone Wes Edens and Rob Kauffman. Randal and Edens are actively involved in the day to day activities of the firm as principals while Kaufmann retired in 2012. The three partners established Fortress Investment Group with the sole aim of creating an alternative asset management firm with a focus on raising private equity. The company is headquartered in New York with global operations and boasts of providing employment to over 900 people.
The company had humble beginnings just like any other startup but grow over the years to be the leading asset management company globally. Fortress assets management at the initial stages was valued at 400 million dollars. The firm owing to the founder’s vast experience in asset management was able to quickly grow the first 400 million dollars to about 3.9 billion dollars within five years. The company total assets as at the year 2007 had increased to approximately 32.6 billion dollars. Today Fortress boasts of managing assets totaling over 43 billion dollars and has attracted thousands of investors in private equity and hedge funds among others.
Fortress Investment Group specializes in the provision of services such as operations management, capital markets investments, corporate mergers and acquisition and asset-based investment among others. The company boasts of a having a highly experienced team of qualified personnel who have a vast knowledge of real estate, financial management, pricing and mergers and acquisitions among other disciplines.
Fortress Investment Group in 2002 added two principals to its leadership positions. The two were Michael Novogratz and Peter Briger both of whom were senior managers at Goldman Sachs Company. The two brought along with them decades of experience in finance and asset management. Michael left fortress in 2015 to pursue personal interests.
Fortress Investment Group as part of its expansion plan has made several acquisitions. The company expansion strategy saw it purchase the North American Ski Resort, the Canadian based Intrawest, Florida East Coast Industries, Penn National Gaming, and RailAmerica among others.
Ted Bauman, a financial expert, believes that the main challenge Bitcoin faces is the inability to scale up or down. Bitcoin certainly offers some benefits. The top benefits are transparency, privacy, and at this moment, government does not have a hand in any form of cryptocurrency. So what’s the big deal? The inability to process big numbers quickly may hold them back a bit.
It was in his monthly newsletter, The Bauman Letter, that Ted Bauman asked a poignant question. His question recently for his readers was if they could foresee a time when Bitcoin was accepted by all. The general population would accept it with open arms, and potentially all banks would also accept it as well. There are some challenges with it’s ability to scale, leaving many of his readers to wonder if the future offers acceptance of this digital currency.
These days, there is a positive association with Bitcoin, but it isn’t as widespread as it once was. There’s a lot of volatility in the market, making it less attractive to those who are not experienced with investing. It’s the processing time for payments that would slow people down. Ted Bauman makes a strong point, using a scenario that could happen to any of us.
Imagine that you are trying to leave a parking garage, and you discover your wallet is missing. You can pay in Bitcoin, thankfully. The problem? Once you pay using Bitcoin, you may have to wait about 20 minutes or so. Bitcoin’s inability to process payments could leave you stuck in the garage for an hour or longer. That doesn’t sit well with many consumers.
Ted Bauman says that perhaps limiting the processing done on the blockchain could reduce wait times. It’s difficult to say if there’s just one solution. Those who are willing to give it a shot will enjoy the numerous benefits of cryptocurrency, but the scalability issue could be problematic long term if they don’t fix it now.
The price of oil is hitting highs not seen in a few years. Some argue that high oil prices represent a booming economy, however eventually higher oil prices will impact the consumer. Financial analyst and geologist Matt Badiali feels that oil prices could end up higher sometime in the fall. He says oil demand is steadily increasing, but the supply is going to end up falling. Venezuela is producing much less oil due to political and economic issues that are damaging the country. Also, Iran is about to have a hard time exporting their oil. In 2015, Iran and the United States came up with a deal involving Iran’s nuclear program. However, the Trump Administration recently terminated the deal and are going to impose sanctions on Iran unless a new deal is made. Once these sanctions start, Iran will have a harder time trading with other nations and exporting its oil. This will also mean that there will be a deficit of over two million barrels of oil in the global markets.
Although Matt Badiali believes these factors will lead to higher oil prices, he believes there are factors that could keep the price of oil in check. The United States and China are currently in a trade war. China could play a major role in undermining the United States in its efforts to put pressure on Iran. China opposes the sanctions that the United States has placed on Iran and they plan to ignore the sanctions. China is one of the major importers of Iranian oil. Many analysts are forecasting a slowdown in the US economy if the trade war continues. Eventually, the slowdown would result in lower oil prices. To know more about him click here.
Matt Badiali feels that if the trade war continues, China will take any chance it can to hurt US policy. Currently, China imports a lot of oil that is produced in the United States. However, China has already stated that it will continue to accept Iranian oil. Matt Badiali believes that China could lower its imports of US oil and increase its imports of Iranian oil, hurting US policy. China is not alone in opposing the United States. India, Japan, and several European countries have openly criticized the United States regarding the Iranian sanctions.
Guilherme Paulus is a big name in the tourism industry and he seems to be in a perpetual journey in his career. When he founded CVC alongside Carlos Vicente Cerchiari in 1972, he had one mission. He wanted to devote his time and resources to make the company grow and become the largest tour operator company in Latin America.
Guilherme Paulus was born in 1949 in Sao Paulo and pursued business administration in college. Currently, he has over 50 years of experience in the tourism industry. Since the conception of CVC in 1972, Paulus strategized its growth and utilizing his extensive skillset, he introduced new travel packages that helped the company beat competition and become a top retailer tourism network in Brazil.
Further, he played a major role in financing the company through global investment fund in 2009, an endeavor that greatly boosted the operations of the company. Consequently, the company started trading its shares in the stock exchange in 2013. Currently, the tour operator company earns $5.2 billion per year. In an effort to expand its reach, CVC plans to open 100 stores every year. Guilherme Paulus takes advantage of every opportunity he gets to make the company grow even bigger. Currently, CVC is looking for ways to integrate online vendors with physical travel agencies by using the Omni Channel Concept.
Guilherme Paulus believes in philanthropy. CVC supports PIET located in Foz Iguacu, a charity organization that is dedicated to educating youngsters to become better professionals in the tourism industry in the future. CVC also supports National Project of Professional Initiation in Tourism. In addition, the company sponsors Klaide Care and Education Institution in Sante Andre. Paulus believes in the power of education and therefore, most of his philanthropic activities are centered on education and entrepreneurship.
Achievements and awards
The CVC founder has been recognized widely. French government officials recognized his efforts in promoting the tourism industry. CVC too has received share of recognitions by various prefectures including Cancun in Mexico as well as Isla Margarita in Venezuela.
Furthermore, Guilherme Paulus was given “Executive of Valor” title by Valor Economico. He has also received several other awards including “Personality of the Year Award”, “Revolutionary Consumer Relations Award” as well as “Entrepreneur of the Year Award”. Finally, the successful businessman chairs GJP Group, a company that controls over 15 hotels.
Roseann Bennett is a well-known therapist in New Jersey and has helped many families reunite through her effective counseling. With over ten years of experience in the industry, Roseann Bennett has made a name for her and is amongst the most sought after family and marriage therapists. The amount of experience Roseann has gotten over the years has helped her understand what are the common issues that family and couples go through. Roseann Bennett has been able to devise a very unique way of helping people through their personal and family crisis, which has proven to be highly effective in resolving family and marriage crisis.
Roseann Bennett believes that it is necessary for the family members to trust each other to understand each other with more clarity. The more the transparency, better are the relationships. Roseann Bennett had worked as an in-home therapist for ten years in New Jersey before she went on to start Center for Assessment and Treatment. It is this institution that has helped hundreds and thousands of members of the New Jersey and surrounding areas to get over their mental health and family crisis.
If you are one of the victims of the family and marriage based crisis and want to mend the patches in your relationship, seek help at the Center for Assessment and Treatment. It helps the people who are unable to afford expensive therapies and even provide free treatment to the underprivileged.
In an interview, Roseann Bennett was asked what the current trends she believed in and loved are. Her answer was mindfulness as she believes that there is too much distraction around and one has to be in the current state of mind to experience things around them. To form better relationships, it is essential for people to limit the distractions and to concentrate on things that are essential for them. Visit This Page to learn more about her one on one with IdeaMensch.
Fortress Co-Founder Wes Edens is a dangerous, experienced with the wealth of information in the financial world. Wes personal investments revolve around unique kind of ventures departing from congested fields. He surprised many when he and his partner parted with $ 550 million to purchase Milwaukee team in Miami and lately he again CO owned 55% of English premier league club Aston Villa Football Club. He has now come up with a unique style of investing in transport sector through a Brightline rail.
Wes Edens BrightLine train offers transport solutions to residents if Florida and Miami. Brightline is the first private rail to be opened to the public as of January 13, 2008. Wes, in his own words, described the rail a solution to distances that are too long to drive and too short to fly. The train first operated from Fort Lauderdale to West Palm Beach in January, then, extended to Miami from Fort Lauderdale in May. Wes Brightline rail is purposed to reach Orlando by the year 2021 with a master plan of serving the residents of Las Vegas and California in the year 2022. To know more about him click here.
Wes Edens Brightline Train has drastically changed the commuting trends from Miami to Fort Lauderdale in that, a journey that used to take around one hour to drive it now 30 minutes with BrightLine train. It is not only fast but also very comfortable with passengers enjoying the comfort of leather seats, free WI-FI, and quality food services. Commuters in Florida and California are set to enjoy the same services shortly, and it will be easy to connect with Fort Lauderdale when Wes Edens Brightline rail complete the next phase by 2021.
Wes Edens earned his Bachelor’s degree Finance at the Oregon State University. At Lehman Brothers and BlackRock Financial Management, he was involved in asset investment and Private Equity as a managing director and a partner. The idea of Brightline rail is a unique venture from a visionary investor.
Nick Vertucci is the Founder and CEO of NV Real Estate Academy (NVREA). He also developed the Fortunes in Flipping System. He first took an interest in real estate when he was invited to a three-day seminar by a friend. He had had a tough childhood, coming from a middle-class family his father died when he was nine, and his mother had to step in and be the breadwinner. At the age of 18, he found himself out on the streets and sleeping in his van. Being passionate about becoming his own boss, he started a business in selling computer accessories. This business was however crushed during the dot-com crash that left many companies in financial turmoil. Eighteen months later, he met his friend who introduced him to the real estate business where he would then become a successful real estate guru and a millionaire. Nick Vertucci was inspired to teach others step by step about how he became a millionaire through real estate, and that is when NVREA was born in January 2014.
At NVREA, Nick Vertucci teaches the simple and straightforward strategies that allowed him to take control of his finances through Fortunes in Flipping in real estate. He holds three to four days events, workshops and seminars all around the U.S. to share his techniques. He also does this through one-on-one mentoring programs and online tutorials. He has dedicated his professional life to learning and applying the principles of real estate investment. Nick Vertucci is the host of a highly rated Real Estate Investing Hour Show on KFWB News Talk 180 where he also explains the methods he uses in the Fortune and Flipping Kit.
At NVREA students are taught to make money in real estate through assigning wholesaling properties and REO properties and Tax Liens. The Academy also teaches about challenges faced in the real estate industry and how to bravely face and concur them. It also teaches ways in which to protect one’s assets, buying and holding of properties to ensure a longtime cash flow, investing commercially in real estate, taking control of the 401K and IRA. The academy has a group of professional lecturers who are dedicated to helping the student reach maximum success heights. There are thousands of positive online review about the institute, and many people have realized success, increased their income and transformed their personal lives through the program.