Official Richart Ruddie Blog - Internet Entrepreneur

Ryan Blank "Storage King" Helping me Find Storage Opportunities

My good pal and self storage guru Ryan Blank deserves accolades for all of the great storage unit deals he's lined up for me over the last few years. Including one in an opportunity zone in Hyattsville, Maryland in Prince Georges County MD. not too far from Owings Mills and Pikesville where we grew up in Baltimore county. The project's pre-construction process was started last year when we closed on the development of the project and financed the balance using Peoples Bank.

 

The mall at Princes George's has a Macys, Target, Old Navy, DSW, H&M, TJ Maxx, Express, Ulta, Ross, Marshalls, and soon a self storage facility for our fellow PG County residents.

 

Ryan Blank has spent the last few years in business development and investor relations for the Poverni Sheikh Group based out of Baltimore. In a fairly short period of time, he has had a very specific focus on self-storage facilities and has helped build up a nice portfolio including this project I invested in located outside of Washington, D.C.

Fortunately from the very beginning, he has found a ton of great opportunities and so far they have all been big successes, as he is building an impressive portfolio up and down the mid-atlantic region from New Jersey, Pennsylvania, and Maryland.

 

The journey to getting where he is today took knowledge, work ethic, and dedication to becoming an expert in self-storage facilities and reminds me of the book Relentless where those who strive to be a king of their industry have to put in the grit and hard work to be successful. As he continues to grow, Blank and the Poverni Sheikh Group have continued to grow and expand.

 

Taking the Next Step with the Poverni Sheikh Group

Getting to the Poverni Sheikh Group took a little bit of time for Ryan Blank. He worked in finance, real estate investing, and other sectors of the business world before getting into business development and investor relations with the Baltimore based firm. When the opportunity opened up, he felt like it was a perfect opportunity to make the most out of a situation utilizing his skills to help others prosper and join in as LP's to build storage units.

 

If there is one aspect Blank fell in love with early on, it was fundraising. Getting the opportunity to work directly with investors can seem intimidating to some, but Blank relied heavily on his confidence that any project he presented could take off (and so far that has been the case). Proper funding is necessary to make dreams into reality, and Blank’s mastered that at this point and investors like myself have been very happy with the results.

 

Growing with Each Project

 

To keep investors interested and to please the Poverni Sheikh Group as a whole, Ryan Blank is learning to grow with each project. A relatively new completed one in Woodbridge, New Jersey ended up being a perfect example of being patient and finding the right investment opportunity for the company.

This Week in Tech Updates from Richart Ruddie

Google ads and Google as a company is finally getting serious about privacy. They've been tightening up and making changes to Analytics and working on a cookie free future and this past week they just released this announcement: "New data protection laws, which apply to the collection and processing of personal information, will be coming into effect in California, Colorado, Connecticut, Virginia, and Utah in 2023." While we're at it and dealing with privacy issues Google settled with 40 out of 50 states here over tracking issues and is paying a few hundred million in fines. Read about the not so not evil company practices here: https://arstechnica.com/gadgets/2022/11/google-settles-location-history-lawsuit-with-40-states-will-pay-392-million/ 

CBS News got off of Twitter for what they said was security purposes and then got back on a day later. It's been purported that their followers are fake or that they have extremely low engagement on Twitter and that may be to fraudulent followers or bots.

If you use Wix for SEO or have client sites that are created on Wix then this resource SEO guide released this week may also be helpful: https://www.wix.com/seo/learn/resource/manage-seo-edit-by-page

Sucuri is a popular wordpress plugin  and they have just uncovered a WIDESPREAD hack that appears to be designed to improve someone's SEO performance which is a tricky and clever hack to send malware using black hat hacking techniques. https://blog.sucuri.net/2022/11/massive-ois-is-black-hat-redirect-malware-campaign.html )

Artificial Intelligence news for the week courtesy of The University of Cambridge states that "claims AI can boost wordplace diversity are 'spurious and dangerous'"https://www.cam.ac.uk/research/news/claims-ai-can-boost-workplace-diversity-are-spurious-and-dangerous-researchers-argue  and here's some more cool AI News: https://www.engadget.com/mit-century-old-differential-equation-liquid-ai-computational-bottleneck-160035555.html 

QUANTA MAGAZINE PROFILES A NEW "energy-efficient [AI] chip" that promises to revolutionize chip design and artificial inteligence research https://www.quantamagazine.org/a-brain-inspired-chip-can-run-ai-with-far-less-energy-20221110/ ). The chips use (relatively newly developed) Resistive RAM memory and the chips are called NeuRRAM (neuromorphic resistive RAM). These memory chips operate in ANALOG rather than DIGITAL mode, which is revolutionary. Analog computers predate digital computers but they didn't have memory systems like RAM.

Now companies are laying off en masse and doing a RIF which means a Reduction in Force or workforce for those who keep on hearing about these RIF's and had wondered what the acronym meant.  These companies over-hired during the pandemic, expecting a much larger economic bounce back that was pent up with money flooded into the system and for the last year we've been bearing the outpouring of that money.

So what does the future hold? Whatever you make of it.

Amy Wilkinson Stanford GSB Entrepreneur Advice and Richart Ruddie's Feedback

Solve a problem that hasn't been solved. Here are some Stanford level pieces of advice on great entrepreneurship:

Build something piece by piece from the ground up especially when a program isnt utilizing its full resources. Push forward when governments and other enterprises are sitting idle. Reason by analogy or first principles the basic axioms look at the fundamental truths. Like a scientist would.

An integrator would be mashing and smashing things together. When it does work great value and opportunity is created. Example put together a handbag and luxury and you get LV to the masses. The example from the Stanford professor in the video below talks about Chipotle making quick service or "fast casual dining" through a line up at Chipotle created by Steve Els in Colorado.

Look for things to combine. The internet and retail sites are doing this all the time and this was accelerated with the pandemic growing e-commerce businesses but create novelty and gain traction.

Curiousity unlocks the ability to unlock opportunity. Continue to ask questions, discover, and probe. If you have an expertise and think you know it all then you don't create new opportunities and you fall behind in a rapidly changing world. See what others don't see and have a vision that can bend in a way that wasn't bent before.


For more information see Amy Wilkinson, from Stanford Graduate School of Business. Parts of the above are from her video and commentary from Richart Ruddie: https://www.youtube.com/watch?v=68QW15sBdKQ

Richart Ruddie Thinks Apple May Lead The Change to Round Paper

Apple loves things round. They even built their new office complex in Cupertino, California in a round about fashion. As I was watching a youtube video about a guy who sent Airtags to Elon Musk at the Tesla Headquarters, One to North Korea, and one to Apple CEO Time Cook in Silicon Valley. Out of the 3 airtag packages that the youtuber mailed out only 1 was returned to him and that was from an assistant to Tim Cook at Apple. What he did was send back a letter thanking him for his ingenuity in using the air tag and wished him the best.

So what does this have to do with rounded pieces of paper in the future? Just as Apple helped to kill flash and grew the external hard drive market by getting rid of cd-roms in computers when Tim Cook's assistant sent back a letter on a rounded piece of paper. Maybe rounded papers are better than square ones? Are rounded pizzas better than square ones? I'm from the DC Maryland Virginia area where Ledo's pizza is square but Papa John's is round... So potentially a changing landscape in the paper market will be rounded pieces of paper led by Apple.

A prediction from Richart Ruddie or maybe it's just a cool thing that just Apple does...

Knowing how to profit from your craft Thanks to Pablo Picasso

Was just told about the Pablo Picasso story creating a drawing for a fan in merely minutes and then asking for the equivalent of $500,000 in dollars today. She was offended and said but why would I ever pay that much when it took you only minutes to do? The answer was that it's not the time it takes to do something it's the skills behind being able to do so and that is what you pay for said the Spanish Artist. It took me 30 years to refine my craft and that is what you are paying for.

This is no difference than the plumber who comes to your house to fix your Air Conditioner and takes a look at the machine, asks for a hammer, bangs the machine once and fixes the issue and asks for $1000. Knowing how to use that hammer and the skills behind your craft are whats valuable.

The most important day of your life but to me it was Tuesday

Below is a clip which is coined as one of the best quotes ever from one of the worst movies ever. Street Fighter where M. Bison talks about his incoherence to Chung Liu's most fateful day. In the scene above "I'm sorry I don't remember any of it.. You don't remember. For you the day Bison graced your village was the most important day of your life but to me it was Tuesday." This is such a relevant quote because of things that are crazy in many people's eyes are just another day for somebody else. Tuesday in this case..

Failure is Critical

 

“If you already know it's going to work, it's not an experiment, and only through experimentation can you get real invention. The most important inventions come from trial and error with lots of failure, and the failure is critical, and it's also embarrassing.” – Jeff Bezos

Bezos may be talking about the Amazon Fire Phone that came out in September of 2014 and didn't sell at all (literally I think the total sold is less than 1,000), which from the outside, was considered an embarrassing failure for the company but true entrepreneurs take chances, learn, and adapt. If you look at the other chances he took then you may think he's a genius for the successes such as the creation of the ever so popular Amazon Echo, and dozens of innovations that made the  original company named Cadabra Inc. but was changed to Amazon in 1996 as the first major online bookseller and today one of the biggest companies of all time. 

Startups fail all the time. Obsess over your clients and fail fast according to Bezos.

Chan Zuckerberg Initiative

Mark Zuckerberg just announced today on Facebook an amazing announcement about their hiring of Dr. Cori Bargmann. The goal is to cure all diseases in our children's lifetime. Arnold Schwarzenegger (No way I spelled that right without auto correct) chimed in and said it best and we all should take note: "life is all about what we give, not what we make".

Using your power for good and to continiously make the world a better place starting at such a young age is what sets the CZ initiative apart from so many others who have amassed wealth at a young age but did not act either till much later in life or not at all. This is inspiring and one of the many reasons why a recent poll came out that placed Zuck at the top for millennial inspirations.

 

For more information visit: https://www.facebook.com/czbiohub/

Take any system and make it much better: https://www.facebook.com/notes/mark-zuckerberg/can-we-cure-all-diseases-in-our-childrens-lifetime/10154087783966634

Just be a good person - Richart Ruddie

Had one of the nicest compliments this past weekend. A new friend said "Chart do you know why I like you?"

"At the end of the day you're just a genuine person Richart Ruddie"

You're not looking for anything from anybody, you are just here to be happy and have a good time and if you can facilitate others to be happy as well then you do your part to ensure all others around you are happy.

I was telling a new friend as we shared a Lyft into the city about this interaction and he noted that it's great that you can showcase this without trying and others notice. In life I've blogged about making it and then mattering. I strive to reach a pinnacle and a second part of my life where I can matter in making the world a better place and helping to solve initaitves that really matter.

That is why I appreciate the Chan Zuckerberg initiative

"We want every child to grow up in a better world. Our hopes for the future center on two ideas: advancing human potential and promoting equality."

Use your power for good and be genuine and stop wanting something from everybody around you and then you will have found peace in yourself to grow as a human. 

Richart Ruddie in Binary Code

Richart Ruddie 

01010010 01101001 01100011 01101000 01100001 01110010 01110100 00100000 01010010 01110101 01100100 01100100

Richart Ruddie  Richart Ruddie  Richart Ruddie  Richart Ruddie  Richart Ruddie  Richart Ruddie  

Rich Ruddie in Binary Code

01010010 01101001 01100011 01101000 00100000 01010010 01110101 01100100 01100100 01101001 01100101

Rich Ruddie Rich Ruddie Rich Ruddie Rich Ruddie Rich Ruddie Rich

RichartRuddie

01010010 01101001 01100011 01101000 01100001 01110010 01110100 01010010 01110101 01100100 01100100 01101001 01100101

RichartRuddieRichartRuddieRichartRuddieRichartRuddieRichartRuddieRichartRuddieRichartRuddieRichartRuddieRichartRuddieRichartRuddieRichartRuddieRichartRuddie

Chart Ruddie

01000011 01101000 01100001 01110010 01110100 00100000 01010010 01110101 01100100 01100100 01101001 01100101

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Number of N Shaped figures formed from the set of points

Richart Ruddie - To Be Deeper With You

Ever have certain sayings that you want out of your vocabulary? Certain sayings may affect you negatively and you may not even notice it. For example saying "To be honest with you" might imply that you are not always being honest. Do you want to work with somebody who is not always honest? So I make a conscience effort to say something different and last night heard "To be deeper with you" as an alternative.

Other sayings to avoid: "I had a stressful day" avoid setting off these poisonous sayings that breed negativity and think positively.

-Richart Ruddie

Restaurant Tonight - It's Restaurant Roulette With Uber

Thank you for downloading Restaurant Tonight. Our application gives you the opportunity to play Restaurant Roulette to find a restaurant to eat at tonight and you get to ride there with the well known Uber application. Please provide your feedback, questions, or comments below and we will have a support representative reach out to you right away.

 

For those of you who have downloaded the application and given us great feedback I wanted to extend a special thank you. This is a really cool concept that takes the choice out of picking a place to eat dinner at tonight.

Follow the rest of my posts and entrepreneurial adventures here @ my Richart Ruddie Typepad Blog.

Jamie Dimon on Africa Banking - Helping Future Generations

In Jamie Dimons October 19, 2015 interview with Bloomberg he talks about the future and bankings growing role in the importance of worldwide prosperity. On the Bloomberg interview he talks about the importance of ignoring and not worrying about quarterly earnings. Dimon is here for the longer term and even says well beyond his time here.

With 250,000 employees and 150 countries around the world Dimon says that its impossible to fight the U.S. Government and be dragged through the mud but he is so intelligent that he says he will never jeopardize his company for ego or for an indictment of some sorts. He has been an integral part of saving this countries banking system and obviously does not receive the credit from the U.S. government for all he has done. When you compare our financial situation to that of other countries.

Dimon also says "Im opening banks in Africa to help the next generation thinking long term and for the future. Africa is a place to bank multinationals going in. Not retail." Due to problems with government restrictions in Ghana they were unable to open a few years ago but are going back in now and corporate clients want JP Morgan chase in Africa. The governments remember that Chase helps finance large scale projects and can help a country grow and while his work is not going to directly benefit all of Africa this quarter or Chase shareholders next quarter it is for the future and that is whats so respectable. 

Three Great Words

Simplify, strengthen, and improve.

Ron Bruder

Brookhill Group Founder and founder of EFE which stands for the Education for Employment. Bruder was just on CNBC and is the type of persona that we should all aim to achieve. From successful business ventures in many different fields ranging from Real Estate, Medicine, to Oil & Gas to a more noble cause once he was financially capable with the EFE.

Bruder has the right idea and over the long run we will see the successful outcome of his mission for increasing youth employment opportunities in the middle east & Africa. EFE creates public-private partnerships with employers to train children to develop enough skills to be placed for employment with a degree of desirability.

He was named to Times 100 most influential people in the world and for great reason. Hat tip to Ron Bruder.

 

I was very lucky in my life. Kids I meet in the Middle East have the same intellect and drive as I had, but don't have the same opportunities...We can make a radical difference to their lives. Once they have a job, they feel part of society. They can become a breadwinner and maybe support eight or nine people, including their siblings.

— Ron Bruder

Why Elon Musk is the Most Valuable Person in the World

If there is a will then there is a way. After spending what seems like countless days reading Tim Urban and Andrew Finns Wait But Whys latest feature on How and Why Spacex Will Colonize Mars detailing with in depth precision everything from how cool it was to go to the Moon in the 60's and how excitement has waned to the most important part of the piece and why Elon Musk is the most valuable person in the world.

We are doomed. Well maybe not us today but humanity in our time here on planet earth will one day succumb to one of four possible doomsday situations. When that time comes if we have colonized and made life on a different planet then we can ensure the survival of our species.

There are people who set out to change the world but can't because of financial constraints. We have to wonder how many other people would be on missions to disrupt the world for the better if their initial successes took off as Musk's had.

Elons mission is a motivator to the entire world. He wants to give us a reason to get up in the morning and to be excited about life. Life is all about being positive and having our sights set on big goals. Saving humanity and guaranteeing our future is just one of the many huge bonuses of what SpaceX is doing and he is so damn passionate about it that he is holding off on going to Mars until he knows that without the slightest bit of uncertainty that SpaceX will carry on with out him in full capacity with people as passionate and strong willed as he.  

We all strive to be great and Musk is our Edison of today. The greatest man to ever live. Thousands of years if not millions the future will look back at this small period of time and talk about the man who saved humanity and ensured it's survival.

A whole new profound respect after reading the Wait But Why Novel on Space X and why it is so damn important. 

P.S.

If the Wait But Why Guys are reading this then shoot me a message and I will gladly donate a few hundred dollars to your cause to keep you blogging and have some other ideas for you.