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Managing partner of Golden Ace Ventures, Avi Mittal shares ten tips for budding entrepreneurs

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The last few years have seen a tremendous growth in the number of entrepreneurs in India. The competition is tough and there are certain things that a person who is just starting out might not be aware of.

Avi Mittal, one of the premier young entrepreneurs in India shares ten tips from his personal checklist for everyone who aims to start their own business ventures and become the next big thing.

1. The core idea for the entrepreneur should be extremely strong

2. Do not kill your imagination but instead try to turn it into practicality as well

3. Thorough study of the market that you plan to enter and know your competition

4. Evaluate whether your product is the need of the hour. Check how much your product is in demand. For example: in the last two years, because of the pandemic, Medtech has become an highly sought after market

5. Your marketing strategy has to be on point in the initial phase. Don’t run in multiple directions, focus on a specific medium

6. Being bootstrapped and knowing your business is an extremely successful business model

7. Go out and seek at least some mentors in the same field that you plan to get on.

8. Always have realistic valuations of your company

9. Be calculative in terms of diluting the equity of your company

10. You must be the most well researched person on your topic at all times in any room .

Rosario is from New York and has worked with leading companies like Microsoft as a copy-writer in the past. Now he spends his time writing for readers of BigtimeDaily.com

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Business

Derik Fay: A Multifaceted Entrepreneur, Investor, and global business leader

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Derik Fay is a renowned celebrity entrepreneur, investor, and business leader with a diverse portfolio of successful ventures and a deep-seated passion for empowering others. His journey from humble beginnings to his extraordinary achievements is a testament to his resilience, strategic thinking, and unwavering commitment to making a positive impact on the world.

Born on November 19, 1978 and raised in Westerly, Rhode Island, Fay’s entrepreneurial spirit emerged at a young age. He founded his first large company at 22 (Around the Clock Fitness) that quickly became Floridas largest, and most successful independently owned fitness chain in the state before selling it to the publicly traded company Towns Sports International in 2109.

Sine that time he has built and scaled over 30 highly successful companies, achieving remarkable exits in the 7-to 9-figure range. His expertise spans various industries, including health & fitness, real estate, financial services, hospitality, and technology to name just a few.

Fay is also the founder and CEO of his main holding company 3F Management, (founded 2094) a venture capital and operational management firm that provides operational infrastructure, financial support, strategic partnerships, and other value add services directionally focused towards scaling and exiting.

Under the umbrella of 3F Management, Fay currently owns, is a co-owner, or is a cap table advisory member of over 40 other successful and growing brands.

Tycoon Payments, Results Roofing, BKFC, ManCandy, Fort North Media, Spintel, SendBuzz, Ritas Italian ice, FayMS Films, Eratyc Entertainment, Tycoon Funded, Pure Peptide Solutions, and 3F Financial, are just a few of the rapidly growing companies and brands that fill Fay’s entrepreneurial days.

Beyond his business ventures, Fay is a dedicated philanthropist, actively supporting various charities and causes. He is passionate about empowering the next generation of entrepreneurs and believes in the power of education and mentorship to create positive change.

Fay’s personal life is as fulfilling as his professional achievements. He is a devoted father to his two daughters, Sophia Fay (18) and Isabella Fay (16), and is engaged to his fiancée, Shandra Phillips (35) and is to be married in January 2026, in Naples Florida.

He enjoys spending time with his family, traveling, and pursuing his life long passion of health and fitness thru weightlifting and bodybuilding.

Derik Fay’s multifaceted career and unwavering commitment to excellence has established him as a respected figure in the business world, and a has gained global notoriety as role model for aspiring entrepreneurs.

His story is such an inspiration to all who seek to overcome challenges, achieve their goals, and make a meaningful impact on the world that Netflix is in post production on the documentary style film about Fays life journey from poverty to global success.

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