EPISODE · Nov 12, 2023 · 1H 3M
From $500 Million to 0 and Back | Shaun Hayes
from T.U.T — The Unwritten Teachings · host Raj Tut
Raj Tut is joined by Shaun Hayes, entrepreneur, best selling author, speaker, and felon. Shaun was the cofounder and former CEO of Allegiant Bancorp, headquartered in St. Louis, Missouri. Among many other enterprises, he owned a company that he sold at age 44 for half a billion dollars. Five years after selling his company, Shaun committed a felony. He was incarcerated for his crime eight years later. He now shares what he learned from his rise and his fall—hard-won lessons that can benefit individuals, groups, and businesses. Shaun started multiple successful businesses, was involved in the casino business, and bought, owned, and sold hundreds of residential and commercial properties. His story is both inspiring and cautionary. On this episode, Raj and Shaun discuss: ⚫ His experience growing up in a small town ⚫ His early entrepreneurial ventures and his start in banking ⚫ How he analyzed, raised capital for, and bought his first bank ⚫ How he grew his bank from $11 million to $2.5 billion in holdings ⚫ What led to his ultimate decision to sell for $500 million ⚫ How he lost himself and eventually committed a crime that sent him to prison ⚫ What listeners can learn from his experiences Topics: 00:00 Intro 01:00 Shaun's highlight reel 02:12 Growing up in a small town in Missouri 04:58 His first taste of entrepreneurship 06:04 How he ended up in banking 08:53 The potential St. Louis has to be a great region 11:25 How he thinks about efficiency in business 14:09 How he was able to buy his first bank 16:00 The importance of speed and execution 17:46 How banks are valued on sale 20:33 How to compete with competitor banks and why he bought banks instead of starting new ones 23:47 The importance of having bright people around you 26:50 Growing from $11 million to $2.5 billion in holdings 31:45 Interesting loans they executed on 41:30 What led to his success 44:40 How the business world has changed 48:15 What led to Shaun becoming a felon and what he learned from the experience 55:19 How he raised money from investors 1:01:28 Hole In One - Shaun's advice for you to improve your life and business Support our Sponsors: Storyboard Living - If you are looking to sell a multifamily property in the St. Louis region or Southern IL/MO please email [email protected] Follow Storyboard Living on LinkedIn - https://www.linkedin.com/company/storyboard-living/ Raj Tut on Social Media: Twitter: twitter.com/ItsRajTut LinkedIn: https://www.linkedin.com/in/rajtut/ Instagram: instagram.com/ItsRajTut TikTok: https://www.tiktok.com/@itsrajtut YouTube: https://www.youtube.com/ @ItsRajTut Learn More about Shaun Hayes: https://shaunhayes.com/ Leave a review on Apple: https://podcasts.apple.com/us/podcast/country-club-conversations/id1709895268 Leave a review on Spotify: https://open.spotify.com/show/4ovakj2lJMS7GLqgBdt766 #business #businessideas #multifamilyindustry #realestate #motivation #multifamily #entrepreneur #entrepreneurship #rajtut #raj-tut
What this episode covers
Raj Tut is joined by Shaun Hayes, entrepreneur, best selling author, speaker, and felon. Shaun was the cofounder and former CEO of Allegiant Bancorp, headquartered in St. Louis, Missouri. Among many other enterprises, he owned a company that he sold at age 44 for half a billion dollars. Five years after selling his company, Shaun committed a felony. He was incarcerated for his crime eight years later. He now shares what he learned from his rise and his fall—hard-won lessons that can benefit individuals, groups, and businesses. Shaun started multiple successful businesses, was involved in the casino business, and bought, owned, and sold hundreds of residential and commercial properties. His story is both inspiring and cautionary. On this episode, Raj and Shaun discuss: ⚫ His experience growing up in a small town ⚫ His early entrepreneurial ventures and his start in banking ⚫ How he analyzed, raised capital for, and bought his first bank ⚫ How he grew his bank from $11 million to $2.5 billion in holdings ⚫ What led to his ultimate decision to sell for $500 million ⚫ How he lost himself and eventually committed a crime that sent him to prison ⚫ What listeners can learn from his experiences Topics: 00:00 Intro 01:00 Shaun's highlight reel 02:12 Growing up in a small town in Missouri 04:58 His first taste of entrepreneurship 06:04 How he ended up in banking 08:53 The potential St. Louis has to be a great region 11:25 How he thinks about efficiency in business 14:09 How he was able to buy his first bank 16:00 The importance of speed and execution 17:46 How banks are valued on sale 20:33 How to compete with competitor banks and why he bought banks instead of starting new ones 23:47 The importance of having bright people around you 26:50 Growing from $11 million to $2.5 billion in holdings 31:45 Interesting loans they executed on 41:30 What led to his success 44:40 How the business world has changed 48:15 What led to Shaun becoming a felon and what he learned from the experience 55:19 How he raised money from investors 1:01:28 Hole In One - Shaun's advice for you to improve your life and business Support our Sponsors: Storyboard Living - If you are looking to sell a multifamily property in the St. Louis region or Southern IL/MO please email [email protected] Follow Storyboard Living on LinkedIn - https://www.linkedin.com/company/storyboard-living/ Raj Tut on Social Media: Twitter: twitter.com/ItsRajTut LinkedIn: https://www.linkedin.com/in/rajtut/ Instagram: instagram.com/ItsRajTut TikTok: https://www.tiktok.com/@itsrajtut YouTube: https://www.youtube.com/ @ItsRajTut Learn More about Shaun Hayes: https://shaunhayes.com/ Leave a review on Apple: https://podcasts.apple.com/us/podcast/country-club-conversations/id1709895268 Leave a review on Spotify: https://open.spotify.com/show/4ovakj2lJMS7GLqgBdt766 #business #businessideas #multifamilyindustry #realestate #motivation #multifamily #entrepreneur #entrepreneurship #rajtut #raj-tut
NOW PLAYING
From $500 Million to 0 and Back | Shaun Hayes
No transcript for this episode yet
Similar Episodes
No similar episodes found.
Similar Podcasts
No similar podcasts found.