Adam Roseman's Tips To Succeed In Business
Nowadays, about 63% of people choose business as their profession. Many have dreams of becoming wildly rich and successful. But out of that 63%, a mere 9% of people are able to achieve what they aim for.
Carlos Slim, Bill Gates, David Koch, Mukesh Ambani are few names to be spoken when mentioning wild successes. A new name that has emerged as one of the most successful businessman in China is Adam Roseman.
Adam Roseman started his career as an investment banker in various sectors at the Mergers & Acquisitions practice of Barrington Associates. He serves as the Chairman of the Host Committee of L.A. Stars. He is the founder of ARC China and ARC Investment Partners and has been the CEO of both the companies for the past 5 years. In his one on one interview on FOX Business News, Adam Roseman revealed some of the secrets for his success.
1. Understand the Culture of the Country for Investing
ARC China with Adam Roseman did vast research on the culture of China before investing. You’ll need to truly invest time and energy into getting to know their work ethics, policies, ways of operating and more.
2. Know Country’s Business Culture
What works in one country’s business world does not necessarily work in other countries too. You’ll need to figure out which region of a country to focus your energies on and learn how the local people think and do business.
3. Flexibility and Adaptability
Be open to suggestions and be flexible and adaptable with people to stay on the top of business practices.
4. Hard Work and Smart Work
As the proverb says, “Hard work is the key to success”. That almost goes without saying; however, smart work is just as important. Know where to put your resources, manage both your time and budget carefully, and take advantages of opportunities that come your way.
5. Risk Factors Paid Off
“When you take risks, you learn that there will be times when you succeed, and there will be times when you fail, and both are equally important.” Investment banking is a risky business, but if you have the knowledge, know the right people and are determined, then there’s a good chance you’ll succeed. So taking risk is worth trying.
6. Conflict Resolution Skills
Because it is difficult to predict when conflicts will arise, one must be ready to resolve them when they occur. In addition to being essential for maintaining productivity, conflict resolution is imperative for preventing conflict from escalating and damaging the workplace environment and morale. Conflict resolution skills helps one see conflicts from multiple vantage points. One must consider the viewpoints of the disagreeing parties and what would be best for the company.
7. Decision Making Skills
It’s important to balance intuitive thinking with the technical, logical thinking that is also necessary to bring great business ideas to life. Making good business decisions has to do with both what you think and how you think.
For Adam Roseman, his business savvy and extensive experience was what brought him to where he is today. With these suggestions in mind, we can bring our business ideas to the next level - all it takes is some support and putting in the work.
Any suggestions or add ons are always appreciated. So don’t forget to bump in!