Nick Vertucci is an accomplished poker player who has gone up against some of the greats, and came out successfully on the other side. Many of his poker fans may not realize that he has a great background in the real estate market – called a “guru” by some of his believers. Real estate, like poker, can often be a gamble. In fact, there are several key skills in poker that one can learn from working in the real estate world, and vice versa. Nick Vertucci is a fantastic example of the utilization of these skills in both arenas.
Investing takes a deeply honed ability to read others, and to avoid letting them read you. It’s about going all in when you may not have the best hand, or when Nick Vertucci goes to bat for clients by telling the broker that they need to give a better offer to the buyer because they have other options – even if they don’t. Bluffing has to be done strategically and with the best intentions in mind.
In opposition to bluffing comes the ability to read others and gather the truth. In a real estate transaction, reading others may involve determining if the seller truly has other offers; or in poker, you may be faced with calling the bluff of another. These experiences are very similar and can easily be interchanged.
The Ability to Adapt
Real estate and poker, just like every part of life, require the ability to adapt to change. In these two arenas, changes will be inevitable and unpredictable. Nick Vertucci is even quoted as wishing he had the ability to give the advice “plan for change” to his younger self.
Vertucci’s poker face is a strong one, and he has been known to be successful against the odds in both real estate and poker.
David Mcdonald is the current President of OSI Group, one of the worlds largest food providers. With over three decades of experience under his belt, David Mcdonald is widely known to be the cause of the incredible growth and innovation of OSI Group these past years. David Mcdonald’s priority when he entered the company as president was not to change the goals of OSI but to innovate the steps being taken to reach those goals. In an in-depth interview with David McDonald, we get to delve deeper into his mindset in order to better understand how he has been so successful during his time at OSI Group.
How does the “Can Do” ethics of OSI workout at the company?
David states that as a private company, OSI employees are encouraged to be patient and flexible with their projects in order to better serve their clients. This flexibility allows OSI to take the time to create better relationships.
How has the ability to have a large number of employees improve the company?
David believes that the cornerstone of the company is the relationships that employees have with their specific regional clients. Having the ability to maintain a large group of people at these locations can only result in great partnerships and happy clients.
Why is OSI Group so successful in the Chinese market?
If you’re going to be doing business in China, you better understand the culture, says David Mcdonald. The time that OSI took to establish itself in China is one of the added perks of being a private company, the flexibility of time was extremely important in forming a solid foundation with both the client and people as a whole.
Where Chinese technical issues a problem for OSI Group?
The partnerships formed with other companies and government agencies have been a huge help for the establishment of OSI Group in China says David Mcdondald. This is an excellent example of staying patient during difficult times.
One of the most recent developments at the world’s leading food provider is the doubling of its annual chicken processing capacity at Spain’s subsidiary from the earlier 12,000 to 24,000 tons. The project cost OSI Food Solutions €17 million. The total capacity of all the firm’s branches now stands at 45,000 tons. The number of employees was also increased with an extra twenty positions to cater to the new development. According to the management of the Spain plant, the expansion was meant to meet the demand for the chicken products in the country. In the last decade, the food provider has recorded a 6% increase in its chicken products. The positive trend is expected to continue even into the foreseeable future.
The UK plant of the organization won the Globe of Honor Award in 2016. The prestigious award was in recognition of its efforts to conserve the environment. The event was organized by the British Safety Council. A total of 18 companies received the award. OSI Food Solutions has a team of experts that is tasked with ensuring compliance with the regulatory framework on environmental management. Kelly Grimwood represented the food provider during the awards ceremony. Different organizations were urged to put in place measures for environmental compliance and enforce them to ensure that all stakeholders adhere to them.
OSI Food Solutions has been ranked among the top companies in the food industry. The organization runs 65 facilities which provide employment opportunities to more than 200,000 people. One of the core values that the firm observes is innovation and that has earned it a competitive edge over the other players in the food industry. By forming good relationships with suppliers, the management of OSI has been able to meet the demand of their expanding customer base.
By now, OSI Food Solutions has earned the loyalty of its customers over the years due to its adherence to high-quality standards. Part of its expansion strategy includes the acquisition of other food providers in its areas of operation. Some of the moves that have changed its fortunes is the acquisition of Tyson Foods, Baho Foods, and Flagship Europe.
Talkspace is one of the most exciting startups to hit the healthcare industry in some time and the mental health platform recently just announced a big piece of news that represents the firm’s next big move in its overall growth. The basic concept behind Talkspace is the fact that users can pay a weekly rate that gives them unlimited access to licensed therapists through text or actual talk. This truly revolutionary idea in the world of mental health counselling is now taking its next step forward as CEO Oren Frank has announced that he is bringing in the expert services of Neil Leibowitz, who was formerly the UnitedHealth Senior Medical Officer, as the new Chief Medical Officer for Talkspace. This announcement is huge when placed into the larger picture. Talkspace has already been the proud recipient of some really high praise and some big endorsements from well-known names such as legendary swimmer Michael Phelps. The company will now have the extensive experience and knowledge that comes along Neil Leibowitz’s hiring into this new position. Check the article at Wikipedia to learn more.
One of the major advantages to bringing in Neil Leibowitz is the fact that the qualified physicians that work with the Talkspace platform will be able to start giving out prescriptions to patients in the near future. These prescriptions will be able to be given out using the video tool that is a part of the Talkspace platform. Oren Frank is also excited about the fact that Neil’s extensive experience as well as his significant knowledge will be instrumental in helping to build up the Talkspace business model on its corporate side.
Followers of Oren Frank on the social media platform Twitter are given access to a wealth of mental health information that the Talkspace CEO shares on a regular basis. Topics ranging from recovery from issues of addiction to discussing the kinds of issues that 21st Century teens face in today’s modern world are the exact kinds of issues that are regularly addressed on Oren Frank’s Twitter account.
Marc Beer has made a name for himself as a venture capitalist in the world of biotech. Formerly the CEO of Aegerion, Beer is now focusing on women’s health with his new company Renovia Inc., which just secured $32 million in funding.
With the help of Ascension Ventures from Missouri and New York-based Perceptive Advisers, Beer got the Longwood Fund to help secur tens of millions in investments. The Longwood Fund is seen as the ideal partner in this venture given their evolving interest in the healthcare industry. Now Revoia has the funds it needs to ship four new products, including an update to the Leva.
Beer stated his excitement in a recent statement. Now his company can continue forward in updating the healthcare options made available to millions of women. Having their own technologies and new digital platforms, Beer sees a new era of patients being informed by having an increased understanding of pelvic floor disorders so they can make decisions that best fir their needs. Learn more: https://patch.com/massachusetts/boston/renovias-marc-beer-raises-42m-treat-womens-health-issues
Renovia is Beer’s return to venture capitalism since leaving Aegerion in 2015.
About Marc Beer:
Marc Beer is an American businessman and venture capitalist. He graduated from Miami University in Ohio. He was a founded Good Start Genetics, a genetics screening company, and was a member of the Business Advisory Council. This led to the Mass Life Science Board of the Commonwealth and the Bio (Biotechnology Industry Organization) Emerging Companies Section Governing Board. Jumping deeper into the biotech industry, Beer worked sales and marketing for pharmaceuticals at Abbott Laboratories. Before long Beer went to work as Vice President for Genzyme, a company that is dedicated to diagnosing and treating rare diseases all over the world.
Soon the time came for Beer to try his luck running his own company. He founded ViaCell in 2007, a company that dealt in stem cells from umbilical cords. Seven years later, ViaCell had 300 employees and was bought out by PerkinElmer. While running his own company, Beer also sat on Erytech Pharma’s board of directors. This gave him a diverse set of executive experiences that served him well when he met Yolanda Lorie and Ramon Iglesias, MD. They created Aegerion Pharmaceuticals and launched in 36 countries on a mission to identify and treat rare diseases. After leaving his CEO position, Beer founded Renovia, a company focused solely on addressing pelvic floor dysfunction affecting millions of women around the world by giving them detailed diagnosis reports and personalized findings that will assist in their selection of products and treatment.
In an apology that Steve Ritchie wrote to customers, he talks about the way he plans to run Papa John’s and what he hopes to do for the customers. He has a lot of ideas that might make it easier for him to help people and might make the company better than the rest. It’s his goal to always be transparent with customers and do what he can to make people understand how hard he works to do everything right. There are positive impacts that come from him working with the company and that’s what makes him want to do everything the best way possible. Thanks to his hard work with the company and the options he has for others, Steve Ritchie believes he can make the company better. He also wants customers to know they’re the most important thing Papa John’s has.
Even though it took some time for Steve Ritchie to figure out what he could do with the business, he knew how to make everyone understand the hard work that went into helping the company. For Steve Ritchie, the opportunity to apologize to customers was something that would give him motivation to keep helping them. He always wanted people to see how important they were to the company and that’s why he pushed to make things easier for them. As long as the company stayed in business, the customers would be the best part about it.
There were times when people focused on what the company did and that was not what Steve Ritchie. Instead, he wanted the customers to know what he was doing. He wanted to show them things could be different and he could make it better. Steve Ritchie had a commitment to his company and knew his job as the CEO would give him a chance to try something new. Thanks to his hard work and the work he put into the business, Steve Ritchie believed he had a lot of power to do things right. He always wanted to make Papa John’s a better place and knows he’s now in the position to do that.
Clay Hutson has made quite a name for himself as a sound engineer. He is recognized by many people in the music circles and especially where live performances are concerned because of his passion in making sure that anyone he works with goes on stage and delivers an unrivaled live performance. A hard worker by nature, Clay has been known to work as much as 24 hours at a go, which stems from the experience he had early on in his career when he had to play the role of a jack of all trades.Clay Hutson eventually picked up the path of an entrepreneur and has created a massively successful entertainment production company. Here is a summary of the one on one he gave about his career, company and what motivates his vision.
When asked how the idea to start the company was born, Clay states that he had already amassed a large amount of knowledge in his field of sound engineering. He felt that there was no better way to share this wealth of information with the others around him than to venture into live entertainment. He adds that it was a not challenging because the economic season was tough but he is happy he leaped.
When asked how he spends a typical day, Clay stated that it depends on the project he is working on. He added that he was currently working on Kid Rock and that his day started at 6.30 in the morning and involved a lot of planning especially to do lists for the crew.
When asked how he brings his ideas into life, he stated that what helps him the most about the world of sound engineering is that he has an understanding of the things that work, and those that do not work. He, therefore, bases all his designs around these concepts, and everything falls into place after that.
Clay Hutson states that his ability to visualize his stage ahead of time is the one quality which has helped him amass success in his field. He feels that the best thing an entrepreneur can do is work hard and protect their brand from any deals which could ruin their name.
Big money mogul, Wes Edens, makes the grade as a sports figure as well, which is not something that can be said of all money men. The co-founder and private equity chief investment officer of Fortress Investment Group has been part owner of the Milwaukee Bucks for four years, ever since he and millionaire hedge fund manager, Marc Lasry, bought the team after the final 2014 season game from prior owner, Wisconsin Senator, Herb Kohl.
Before creating Fortress Investment Group, Wes Edens was a partner and managing director at both Lehman Brothers and BlackRock Financial Management Inc. Besides owning his own company, Edens holds down three board and advisory roles at Springleaf Holdings, Nationstar Morning Holdings and New Senior Investment Group. And yet, despite having a huge array of fiscal concerns decorating his plate, the sports ownership itch has struck Wes Edens again. More about of Wes Edens at nba.com
This time the team is an English soccer team, Aston Villa. The partnering entity for this deal is second-generation businessman and billionaire Egyptian mogul, Naseef Sawiris. Reportedly, the pair plunked down a cool 39 million for a 55% stake in the team. While there’s little doubt Mr. Eden enjoys watching players duke it out on the field, there’s also little doubt that the investment in Aston Villa is a shrewd financial one.
Although currently the team competes in the English Football League Championship, Aston Villa is poised to make a gambit for the Premier League, one tier above its current station as well as the reputed most popular professional sports league worldwide. The team lost Premier League status following a close loss to Manchester United at Old Trafford, 1-0. Perhaps with Wes Edens and Naseef Sawiris acting as investment angels and fans with a stake in the action the team will be all the more motivated to turn it all around.