$100M Entrepreneurial Framework with Aaron Shumaker

How do you know if your business idea is good? Is it better to start a business from scratch or buy an existing business? In this episode, Russ and Joey discuss these things with Aaron Shumaker, who began his journey volunteering on his college campus. Years later, he founded two successful businesses and sold his startup for a massive sum. Today, he shares his $100M Entrepreneurial Framework and the lessons he learned. So if you're interested in starting a business or becoming a better entrepreneur and investor, this episode is for you.

Top 3 Things You’ll Learn:
How to become a better entrepreneur and investor
Exploring entrepreneurial ideas and turning them into reality
How to know when to sell your business and what to do after that

About Our Guest:
Aaron Shumaker is a successful entrepreneur, investor, and business mentor. He is the Founder & Managing Partner at Q9 Ventures and the Founder & Chairman at Frontpoint (exit to Private Equity).

Connect with Aaron Shumaker:
Instagram - https://www.instagram.com/ashumaker/

Unconventional Acquisitions:
https://unconventionalacquisitions.com/

Wealth Without Wall Street Podcast: Buying Online Businesses for Profit with Sophie Howard: https://www.wealthwithoutwallstreet.com/podcast/buying-online-businesses-for-profit-with-sophie-howard

Inner Circle LIVE 2023: August 25-27, 2023
https://go.wealthwithoutwallstreet.com/innercirclelive-2
Promo Code: PODCAST

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https://go.oncehub.com/Intro15M?src=youtube

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https://www.wealthwithoutwallstreet.com/passport

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https://go.wealthwithoutwallstreet.com/pios

Take the Financial Freedom Analyzer:
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Apply to Join the Passive Income Mastermind:
https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermind

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0:44 - Are you currently on the cusp of making a huge decision to become an entrepreneur, but you're not confident that your idea will be the right one?
5:10 - Is that normal for college campuses to have volunteers running banks?
7:21 - Do you have a background in your family of entrepreneurs, or is this literally your first taste of that?
7:49 - Is it hard to get into that?
8:02 - How hard was it to be a volunteer at this bank?
9:30 - How did you land on your final one, and what was it?
14:05 - How did you guys narrow the field to say, “Okay, here's how we take this idea” and actually make it a business plan, and ultimately you created a major business from it? What advice do you give to that person who's out there creating ideas?
17:52 - So, what's the piece of advice that you'd give now?
20:21 - How did you know when it was time to sell? How did you know that there is an exit that you can take advantage of? What happened after that?
22:42 - What does it look like after selling a large company?
26:16 - What were some things that have helped you along that path to become the best investor?
26:38 - What are some tips, things you've done, and resources that people can also take away and become better investors?
30:31 - People may wonder why a guy like Aaron, who's obviously had a lot of success in the business and investing world joins the Passive Income Mastermind. How would you answer that?
33:05 - What's on the horizon for Aaron Shumaker? Looking into the future–five, ten years from now–what's your ultimate path?

🎧 Listen Now to the full episode of the podcast here 👉
https://www.wealthwithoutwallstreet.com/podcast/100m-entrepreneurial-framework-with-aaron-shumaker

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