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 inspiration and redirection in difficult moments 11:38: Eric’s advice when you’re in a bad situation 12:45: Overcoming abuse and finding strength 15:24: Dealing with past trauma and abuse 21:44: Abuse of power in religious organizations 28:27: Meeting needs with products or services 30:20: The value of being a connector 36:59: Leadership styles and approaches 43:54: Entrepreneurship and opportunity recognition 47:07: Business deals 49:45: Things that motivated Derik to save money to be ready to go 54:09: The importance of Networking and conversations in finding opportunities 55:31: Real estate deals and ethics 58:54: Recognizing opportunities and taking action 1:01:59: There's massive value in being first! 1:03:19: The shadow CEO 1:06:16: Leadership mistakes in business 1:08:12: How people are treating employees and the resulting impact 1:11:30: The importance of clarifying the company's culture and vision 1:13:53: Chick-fil-A closes on Sundays to stay true to their values 1:14:57: Going against one's culture and values can lead to instability 1:16:02: END Want to Achieve More Success in Your Network Marketing Career? If you are specifically involved in Network Marketing or Direct Marketing, go to www.ericworre.com to learn how I can help you achieve your business, team, and personal goals faster than you ever thought possible. Questions or Comments?  Do you have questions you would like me to answer in future podcasts or comments on the show you'd like to share?  Email me at [email protected]