148: What Mark Cuban saw in this Test Prep Business Founder... Shaan Patel of Prep Expert

Entrepreneur Stories 4⃣ Inspiration

Millionaire Interviews Podcast & Sir Austin Peek

Careers, Business:careers, Business

4.7 • 2K Ratings

🗓️ 1 January 2021

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shaan Patel is the Founder of Prep Expert. Shaan grew up in Las Vegas in his parents' budget motel, attended inner-city public schools in the worst school district in the nation with a 40% dropout rate, and was clueless about standardized tests. After spending hundreds of hours studying for the SAT, he was able to raise his score from average to perfect — a feat achieved by only 0.02% of all high school students. His life completely changed because of his perfect SAT score! He was admitted into prestigious universities, received a quarter-million dollars in scholarships, and even got to meet the President. This Episode is Sponsored By: LinkedIn Jobs makes it easy to get a match with quality candidates, who make the most sense for your role. LinkedIn Jobs uses knowledge of both hard skills and soft skills to match you with the people who fit your role the best. Get $50 your first job post at: millionaire-interviews.com/linkedin-jobs. BetterHelp helps you connect with professional counselors in a safe and private online environment. BetterHelp is available Worldwide – with over 3,000 USA Licensed Therapists that you can talk with about any issues. For a Limited Time, Get 10% OFF your first month with discount code: MILLIONAIRE. For this discount, go to: millionaire-interviews.com/betterhelp. Online Trading Academy is the leader in investing and trading education. Their flexible learning style lets you take classes in person or online. Online Trading Academy even has a 94% Satisfaction Rating based on more than 190,000 Reviews! Sign up for a Free 3-Hour Introductory Investing Class & also receive a Professional Insider’s Kit as a BONUS, by using this link: millionaire-interviews.com/otatrade. Want to Support the Show? Well we'd love for you to join our Patreon Group! What's in it for you? Well you'll instantly get a scheduled call from Austin, where he'll help you with your current or future business... Sign-Up Now at millionaire-interviews.com/patreon. 😀😎😍 *** For Show Notes, Key Points, Contact Info, Resources Mentioned, & the Fabulous 4 Questions on this episode visit our website: Shaan Patel Interview. *** Support this Podcast via Patreon Feedback? Questions? Comments? We would love to hear from you! Hollar at us via: Twitter (@acpeek or @millionairepod), Instagram (@millionaire_interviews), LinkedIn (@austincpeek), Facebook (@millionaireinterviews), or Email: [email protected]. 😎😍😀

Transcript

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0:00.0	For me, I have to have enough self-control not to necessarily go out every Friday and Saturday night,
0:05.0	but some weekends I just have to work on my business and have the self-control to avoid
0:10.3	a lot of the distractions that can stop you from creating a great business.
0:17.9	Some practical tips I'd like to give entrepreneurs that have full time jobs or are in school
0:23.0	is you can add 40 hours to your work week pretty simply.
0:27.3	Anytime you're an entrepreneur growing a company, the biggest problem you're going to run into is
0:35.1	you know I read this book one time that said the most productive and successful people keep
0:38.8	it to do list. The top six things they need to accomplish the next day. Don't give up the only
0:44.5	thing that will separate successful entrepreneurs from entrepreneurs that fail is persistence.
0:49.8	Hey everyone, my name is Sean Patel and I'm the founder of Prep Expert SAT and ACT preparation.
1:00.0	I pitched the company on Shark Tank a few years ago and closed a deal with Mark Cuban.
1:05.6	I'm really excited to share some of my entrepreneur stories and my journey with you today.
1:11.3	And how old are you and where you located? I'm 29 years old and I'm located in Philadelphia,
1:16.4	Pennsylvania currently. So are you quite the mover? I would say so. Yeah that's an accurate assessment.
1:22.3	I grew up in Las Vegas actually. That's where I'm originally from and that's where my company is
1:28.2	still based out of and I lived for almost 10 years in Los Angeles going to school both for undergraduate
1:36.5	and medical school and I'm currently now in Philadelphia pursuing dermatology residency.
1:43.7	I would say quite the move here is an understatement. Why don't you tell us a little bit about your
1:47.9	company and what we want to talk about today? What's it called and then again it sounds like you
1:51.5	got actual funding from people in Shark Tank specifically from Mark Cuban. Yeah absolutely.
1:55.9	You know I never really wanted to be an entrepreneur. My original goal was after I was in high school.
2:04.0	You know I raised my SAT score from average to perfect and the way that I did that is I locked
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