Serial entrepreneur Gary Vaynerchuk talks about his relationship with his father and becoming an entrepreneur. The success of the partnership between the two, and the success of the business, came down to respect, he says.

"You have to respect your parents. They are giving you an at-bat," he says. "If you're an entrepreneur and go into the family business and you want to grow fast. Patience is important. But respect the other party. . . My dad and I pulled it off because we really respect each other."

Related: 

An Entrepreneur's Life: Gary Vaynerchuk

Gary Vaynerchuk on Turning Customer Complaints into Opportunities

Gary Vaynerchuk on Storytelling to Build a Brand