From the time I was 16 years old, I have been attending all of my father's (Danny Gaekwad) development and investment meetings. The knowledge and experience I gained from this only further helped create a hunger for my success. From understanding smaller sized deals ranging from $2-5 million to sitting in on larger deals, with the highest being a $110 million deal. To be able to gain skills at an early age of negotiating and reading people of all backgrounds gave me great decision skills at a young age.
I have seen some great deals so close to contract fail. Great people start doing bad business, promises turn into a lot of missing money, etc. With this experience, I soon realized a couple of things, one being that sometimes the best investments are the investments never made, and if it's too good to be true, then it most likely is. Working with different hotel franchises, I have learned that there is no forgiveness and there are no shortcuts in business. You must be on point with everything you do and there is no excuse for lackadaisical work. Mercy and pity are words not found in the business vocabulary, if a great deal is present, most of the time it is every man for himself.
A principle taught to me by my father is, never go after your friends in business no matter how amazing the deal is. It isn't worth the bad karma or the loss of a friend. I am proud of him for sticking with this principle even though he has been let down by many people that were considered friends to him. Over time, those friends that conducted bad business with my father have all declared bankruptcy and it was karma at its finest.
I will carry on this principle as I conduct business in the future. By the year 2025, I will hopefully be considered one of the largest real estate developers in Florida and possibly the United States. We have many great deals lined up in the next few years that will put us into the Billion dollar net worth and it's going to be a great learning experience until that day comes.