Stephen Bittel never imagined his future as an entrepreneur. But, with a rich lawyer background, Bittel’s future as a lawyer was certain. That’s why after Bowdoin college and one year of education abroad, Stephen Bittel enrolled for a law degree at the University of Miami. To help facilitate his bills, Bittel took a full-time job in a real estate company, and his life changed for the best. While in the real estate firm, Bittel learned the fundamental tricks of establishing and running a real estate agent. Unfortunately, he didn’t have enough money to acquire an office, and he settled for his home office.
Terranova Corporation is a real estate and private equity company established by Stephen Bittel in 1980. After being in the business for over four decades, Stephen presents insightful counsel to his fellow entrepreneurs and CEOs. COVID has disrupted a lot of things and industries. However, Stephen believes it’s time to implement one’s balance sheet. Every entrepreneur must get the timing right, more so when dealing with available investment opportunities. According to Bittel, no matter how distressing the times are, an entrepreneur must maintain a balanced balance sheet and more
Entrepreneurs must forge remarkable and reliable banking relationships. Even though Terranova Corporation is self-funded today, but their banking relationships helped define their initial successes. Terranova has a list of long-term investors and institutional partners. Stephen believes entrepreneurs need to focus on scaling instead of growth. Companies have failed because they want to grow fast and don’t understand how they will experience the transition. Therefore, scaling helps you remain relevant. Entrepreneurs must identify their investors first. The investors will vet your business and how scalability your ideas are.
Stephen Bittel is the Founder, Chairman, and CEO of Terranova Corporation. Bittel established the Corporation in 1980 and has grown to become one of Florida’s best real estate firms. As a Miami native, Stephen has been involved in some philanthropic work and has been a member of multiple foundations in South Florida.