Rise & Shine with Alissa and guest Mark Abramovich - Family. Business. And Real Growth
Rise & Shine with Alissa and guest Mark Abramovich - Family. Business. And Real Growth
Alissa Bickar and Mark Abramovich discussed their backgrounds, passion for real estate and finance, and the challenges and rewards of entrepreneurship. They emphasized the importance of providing valuable content, continuously learning, and having a strong team and network for success in business. The discussion also touched on the benefits of involving family in business and teaching children about financial independence and investment.
🌅 Bagel Talk With Rise and Shine Host Alissa Bickar
🌅 Mark's' Real Estate Journey and Tool
🌅 Entrepreneurship, Growth, and Learning Together
🌅 Emphasizing Valuable Content in Presentations
🌅 Improving Real Estate Investments Through Partnerships
🌅 Team Importance in Business Success
🌅 Networking, Mentorship, and Business Growth
🌅 Empowering the Next Generation in Business
0:00 - Bagel Talk With Rise and Shine Host Alissa Bickar Alissa Bickar, the host of Rise and Shine, introduced her guest Mark Abramovich. The two engaged in a light-hearted conversation about their New York roots and the quality of bagels. Alissa also made a shameless plug for her family's bagel business, Seaford Bagels- the exclusive provider for Bagel Kings, which ships fresh bagels to the Continental US.
1:36 - Mark's' Real Estate Journey and Tool Alissa and Mark discussed Mark's journey from engineering to real estate, where his analytical skills proved invaluable. Mark shared how his career shift was unexpected, yet his ability to bring order to chaos and perform detailed math analysis became crucial in evaluating deals. He also created a tool to help analyze potential investments, which he later realized could benefit others. Mark plans to make this tool more intuitive and shared how he has used it in ventures like a potential partnership for a sober living property and Airbnb arbitrage.
6:30 - Entrepreneurship, Growth, and Learning Together Alissa and Mark explored the challenges and rewards of entrepreneurship, with Alissa stressing the importance of living on the growth edge and sharing the knowledge gained along the way. Mark shared two personal stories that underscored the need to be prepared to back up any claims in business. Both agreed that entrepreneurship requires a commitment to something larger than oneself, along with a willingness to learn and adapt when facing challenges.
9:40 - Emphasizing Valuable Content in Presentations Mark emphasized the importance of providing valuable content during presentations, rather than just filling the time with fluff. He expressed his need for substantial information when he is the one presenting. He also highlighted the necessity of being up-to-date with current knowledge and providing relevant examples, such as the need to file taxes and the necessity of paying an accountant.
11:06 - Improving Real Estate Investments Through Partnerships Mark shared his passion for lending and finance, emphasizing the need for continuous learning to better serve clients. Alissa agreed, highlighting the importance of a strong skill set in lending and partnering with clients to navigate real estate investing complexities. She also stressed the significance of understanding personal goals and motivations in real estate and assembling the right team of experts to achieve them. Mark confirmed that they maintain a key list of partners to enhance their real estate investments.
14:29 - Team Importance in Business Success Mark shared a key realization about the importance of having a team in business. Initially working solo, he recognized the value of teamwork through his role in providing financing for his clients' projects. This understanding prompted him to evaluate his own team, which includes an accountant, attorney, marketer, CRM, capital providers, and a mentor. He emphasized the profound impact his mentor has had on his personal and professional growth through regular accountability and goal-setting.
17:40 - Networking, Mentorship, and Business Growth Mark emphasized the importance of having a network of fellow investors and entrepreneurs for guidance, idea sharing, and growth. Alissa concurred, highlighting that a community of trusted mentors is crucial for continuous learning and overcoming challenges. Mark's then provided his contact details, encouraging others to reach out for assistance. The discussion also included a light-hearted moment about Mark's family's involvement in his business.
22:20 - Empowering the Next Generation in Business Alissa and Mark discussed the value of involving family in business and teaching children about financial independence and investment. Alissa shared her son's initiative to save for his own cell phone, showcasing youthful wisdom. Mark revealed that their children are also investors in their business, a practice inspired by another investor. Both emphasized the importance of empowering the next generation and encouraged others to follow suit.
Mark Abramovich Links:
Alissa Bickar Links: