Common Mistakes Entrepreneurs Should Avoid With Derik Fay

Listen to today’s episode as Derik Fay shares his amazing life story. He started with a tough childhood and learned to be strong, make friends, and grab opportunities. Hear how he succeeded in different businesses by being flexible and making good relationships.

Learn about Derik's talent for making friends and growing small companies. Find out how he turned $70 into $5 million in real estate. Discover tips for negotiating with companies and avoiding common business mistakes. Understand why having a strong company culture and being responsible are important for business growth. Plus, stay tuned for part two of Derik's amazing journey!

About:

Derik Fay is an experienced entrepreneur who started a venture capital firm called “3F Management” in 2002. He's successfully built and sold over 30 companies and helps young entrepreneurs grow. His goal for partners is to achieve growth and profits and sell their businesses within 3-5 years. Derik and his partners also give back by donating millions to local charities, emphasizing the importance of resilience, innovation, and making a positive impact.

HIGHLIGHTS:

• Derik Fay's journey from a challenging childhood to success

• How Derik adapted and thrived in various business ventures

• Derik's knack for connecting people and identifying opportunities

• The incredible story of turning a $70 investment into $5 million in real estate

• Profitable negotiation experiences with companies

• Insights into common mistakes entrepreneurs should avoid

• The importance of a consistent company culture and vision

• The role of accountability in business growth

 

SOCIAL MEDIA:

Website URL: https://derikfay.com/ & https://beacons.ai/derikfay

Derik Fay IG 👉 https://www.instagram.com/derikfay/

Derik Fay Facebook 👉 https://www.facebook.com/profile.php?id=100085006716140

Derik Fay YouTube 👉 https://www.youtube.com/@derikfay

Derik Fay Twitter 👉 https://twitter.com/derik_fay

Derik Fay LinkedIn 👉 https://www.linkedin.com/in/derik-fay-8ba92181/

Derik Fay TikTok 👉 https://www.tiktok.com/@fayderik

 

TIME STAMPS:

• 00:00: Intro

• 00:49: Introduction to Derik Fay

• 01:28: What does Derik do as an adult entrepreneurial man?

• 02:57: Entrepreneurship, investing, and personal finance

• 06:05: Childhood abuse and resilience

• 08:11: The importance of finding inspirati