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EXCLUSIVE: World Cup Star Martin Braithwaite To Sign 4-Year Contract With Madrid Team

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After weeks of speculation, Danish international Martin Braithwaite will sign with Spanish La Liga side Leganes, WealthLAB has learned.

According to sources, Braithwaite—who was signed to English Championship side Middlesbrough—will move to Leganes immediately on a four-year contract that could prove lucrative for Braithwaite.

According to ex-Middlesbrough boss Tony Pulis, Braithwaite pocketed in the neighborhood of €3M per year (£50K per week), making him one of the highest paid Championship players ever.

In addition, Braithwaite’s team secured a €18M buy-out clause for the striker, an insane low for a World Cup starter on a traditional FIFA Top 10 national team.

“Leganes went really far to sign him,” a club source told WealthLAB. “They’re very excited to have him on the team.”

Braithwaite—a starter for Denmark’s World Cup squad last year that nearly knocked off Croatia, the eventual silver medalists—had a successful six-month stint in Madrid with Leganes, scoring a number of crucial goals against top sides Real Madrid, Barcelona and Sevilla.

In addition to his football, the Dane is a budding entrepreneur and investor as well. The source said the club will make an official announcement by the end of the week.

UPDATE 11:53 p.m., July 24, 2019: Leganes just announced the signing, which was completed late July 24.

“I’m excited for this new adventure,” Braithwaite told WealthLAB exclusively. “I appreciate all the people in Middlesbrough, the staff, the people and especially the new coaching staff. I wish them all the best.

“Now I’m ready to pursue even greater goals. I look forward to helping this team become a Top 10 squad for years to come.”

ENTREPRENEURS

INTERVIEW: Founder of $310M Clothing Line Bonobos On The Best Way To Raise Money (And No, It’s Not VC)

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When Andy Dunn graduated from Stanford, the aspiring entrepreneur kickstarted a menswear company from his small apartment in New York. The clothing line, Bonobos, started off with a simple idea — selling chino pants.

Ten years later, the company was acquired by Walmart for $310M. According to Dunn, the key to raising funds does not always hinge on money. Here’s how he did it.

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ENTREPRENEURS

Here’s How Apple’s CEO Tim Cook Starts His Day (And What He Does Might Surprise You)

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Apple has became a trillion-dollar company. Despite the tech giant’s great numbers, how does its CEO Tim Cook actually start his day?

In a recent Axios interview, Cook revealed he starts each day just before 4 a.m. with a strict morning routine.

What that consists of might surprise you: He reads user comments about Apple products.

“I like to take the first hour and go through user comments and things like this that sort of focus on the external people that are so important to us,” Cook says.

In other words, he reads comments from fans, trolls and everything in between.

You’d think the CEO never bothers to read stuff like that; that he’d have an assistant ready to give him the rundown.

“And then I go to the gym and work out for an hour because it keeps my stress at bay.”

Workouts can be super critical. Billionaires and other successful entrepreneurs cite fitness as a key component to their success (and overall sanity).

“I seriously doubt that I would have been as successful in my career (and happy in my personal life),” Branson once wrote in a blog post. “If I hadn’t always placed importance on my health and fitness.”

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ENTREPRENEURS

Investors Reveal: 3 Major Mistakes Aspiring Entrepreneurs Make

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There’s an old saying about first time entrepreneurs—they don’t know what they don’t know. 

No matter what field you are in, or what type of business you own, it is so important that you understand some of the mistakes that tend to plague so many entrepreneurs in today’s market.

There is one main mistake you can avoid from the jump. But it’s the same one many founders miss, investor Sebastien Eckersley-Maslin says.

“Most people come up with a solution first, without thinking through the problem,” Eckersley-Maslin told CNBC.

More often than not, aspiring entrepreneurs come up with a great idea…only to discover there’s no need. 

This looks pretty obvious, at first, but you’d be amazed to know how many people overlook it. So what are the right moves to make?

Here are some common mistakes aspiring entrepreneurs make.

1) Underestimate the amount of time it takes to learn a new industry

“One dumb mistake I made is to underestimate the barrier and knowhow when entering into a new industry,” says Zhifei Li, Founder & CEO of the Beijing-headquartered Mobvoi, the maker of the smartwatch called Ticwatch.

“Irrelevant experience can be a burden,” Zhifei Li, Founder & CEO of Mobvoi & Ticwatch. “Stay humble, stay hungry.”

 

2) Holding on to an under-performing employee for too long

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Chris Myers, the CEO and co-founder of the Denver-based financial tracking and analytics tools for small businesses BodeTree, says he held on to an under-performing employee for too long.

“I hesitated to take action, instead holding out hope that somehow the individual would fix their behavior and get back on the right track,” says Myers. 

3) Launching a company with no customer validation

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Victor Chang’s first startup idea, LifeCrumbs, a social journaling app, seemed brilliant to him. But Chang never tested it with potential consumers and that was, he says, a “terrible mistake.” He spent five months building the app in stealth mode.

“This hurts a lot because when we finally launched the service, we realized this isn’t what the customers were looking for!” In hindsight, Chang says, LifeCrumbs wasn’t different enough from existing products to be successful.

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