It’s not that often that we come to know about entrepreneurs that have made the most of the provided opportunities during the early phases of their life. Derik Fay, a Rhode Island native, is one such entrepreneur that moved to Florida in his early twenties to kick start his entrepreneurial journey.
Laying the foundation of 3F management as a 22-years old !
Fay had successfully launched his now 20-year-old company 3F Management at the age of 22. Securing high-value contracts, negotiating acquisition deals, and strategically partnering or participating in opportunities laid the groundwork for this one of the best business management firms around.
With over 20,000 employees and over a billion dollars in annual revenue, Fay, as CEO and founder of his company, has the luxury of selecting his partners based on their vision and desire to succeed rather than life cycle, education, industry, or even profitability at times. Eventually, this formula has resulted in massive success and wealth for the now long-term resident of Florida.
“The desire to partner with young and exciting entrepreneurs’ as they launch or scale their vision is the life blood of this company, and what still gets me excited every day,” says Fay.
Still going by his core values – Give where you earn !
During his 20 years at the helm of 3F, he has also successfully built and sold many of his own massively successful brands, while also investing in the success of countless others.
Fay, now 44, continues to propel 3F Management, its partner brands, and his own brands forward.
Mr. Fays’ core value, which pervades the organization, is “give where you earn.” The mission of 3F Management and its partner brands is to “give” in the communities where we “earn.” Because of this core value and company goal, Mr. Fay has quietly donated millions of dollars to hundreds of local charities and the communities in which his brands operate.
Kamalpreet Singh
Working as a freelance contributor for several news platforms over the years, Kamalpreet has a well-thriving interest in the education sector. Kamalpreet heads at the post of editor at BO Herald and he contributes his knowledge and expertise in reporting Education News.
