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 deals@storyboardliving.com
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/
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Leave a review on Spotify: https://open.spotify.com/show/4ovakj2lJMS7GLqgBdt766
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