Become a Successful Businessman in No Time

You, Too, Can Succeed in Business!

What most people don’t realize is the people they idolize in business or any other career they pursue, are not really that far away from them. With some practice dedication and discipline, anyone is capable of molding their lives into the career of their dreams.

David Leuschen is the founder and CEO of Riverstone Holdings a private equity firm focused on leveraging investments in the gas and power sectors. Being no stranger to success, David enlightens us on some insight into achieving a successful career.

“Living on the Edge”

I think Aerosmith was alluding to some useful wisdom through these precise words in their hit single “Livin’ on the Edge”. David believes too many people these days play it too safe between the lines of risk. Part of being successful is taking the plunge in to risky situations with enough faith that you know someone or something will be there to catch you when needed. This is exemplified in successful companies through their unwavering ability to invest into innovative strategies that keep them above their competitors. It’s also a great way to get the heart beating again.

“90% of life is just showing up”

Success is the day in day out continued push towards what it is you want. Just by showing a little consistency in something, eventually things will start to work out. David believes that in order to achieve true success, its best to stick to one industry. When he first started Riverstone, he believed he had made the mistake of his life but he stuck with it and eventually opportunity came a knocking on his door.

“Build ups, not buy outs”

It’s much easier to adapt to the flow of life by slowly building. You’re able to ebb and flow in the details that eventually justify the form your company takes. When buying out other companies, it requires a much more macro perspective which David fails to find the understanding of. With a micro perspective in building things you are able to allow for strategy changes as you build an understanding for the business.

“Don’t try to beat the monkey”

In this case, the monkey is the market. Riverstone believes in playing smart which translates into a comprehensive hedging strategy for commodity risks in the majority of its deals.

“Skin in the game”

It’s important to have a motto of going down with the ship if you are the captain. In other words, Riverstone has over $900 million of their own money in their own investments. Because of that, much of their effort is in getting their money back in the first 24 months of any investment. This strongly aligns the GP’s with the LP’s or the firm with the investors.

South Florida Hotel Occupancy Grew in 2014

South Beach FL

A recent Miami Herald article reported South Florida hotel occupancy grew again in 2014, as did room rates – a positive sign for the area’s hospitality industry.

Data from the travel research firm STR showed hotels across the region profited from year-over year growth, with Miami-Dade County occupancy rates up approximately one percentage point to more than 78 percent. Average daily rates increased nearly six percent, to $185.12. December’s occupancy remained strong, even as room rates rose more than nine percent to almost $231 a night.

Among the county’s leading resort properties were Fontainebleau Miami Beach and Turnberry Isle Miami, two South Florida destinations owned and operated by Turnberry Associates. Turnberry Chairman and CEO Jeffrey Soffer has added popular, new features to each resort while enhancing existing amenities to ensure both are re-energized, exciting luxury destinations that retain their legendary status. As occupancy and room rates continue to grow, Soffer’s forward thinking vision likely will continue to pay big dividends for Turnberry’s resort properties.