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Wealthy Way

How He Sold His Start Up For Nine Figures | Meet Aaron Shumaker

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.82.1K Ratings

🗓️ 9 May 2022

⏱️ 60 minutes

🧾️ Download transcript

Summary

On today’s podcast I had Aaron Shumaker on. Aaron has sold his company for multiple nine figures. It’s a pretty crazy story he talked about where he started this company in his uncle’s basement selling security systems. We talked about what it was like navigating a start up business like that at 24 years old, and figuring out how to do all the simple things we know today, like marketing, handling competition from other competitions, and what it’s like going up against Amazon because they decided to get in the security game. Along with that, we also talked about crypto markets. He recently created a crypto fund. He’s bullish on a few different things that you want to make sure to hear about! We also go into what I am doing with my NFT! This is the first podcast where I publicly talked about my NFT, so if you’ve been wondering what my plans are in the space, I reveal a little bit of that. Overall, we just talked about what it’s like as an entrepreneur, going through failure on every business. It’s cool to relate that every business I’ve started has been a failure in the beginning, only for us to adapt and pivot to figure out what makes us successful. Aaron’s business was no different, and adapting through those changes was what allowed him to sell it for multiple nine figures. I think you’re going to enjoy the interview, it’s one of my favorites!


Follow Aaron on social media!
Instagram - @ashumaker

Join the Wealthy Way today and get access to my free course, planner, and discord community! https://wealthyway.com
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Here's how my businesses can help you:

For a free consultation with my team go to https://RyanPineda.com

Want to be coached by me on real estate investing? Apply at https://futureflipper.com

Let my company make you passive income through E-commerce Automation! Watch the case study at http://lunarecom.com

Join my free coaching program for real estate agents! https://wealthyagent.io/

Need Tax and Accounting help? Contact my CPA Firm! https://TrueBooksCPA.com/

You can invest in my real estate deals! Go to https://pinedacapital.com
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My other social media channels:

Subscribe to my main channel "Ryan Pineda" https://www.youtube.com/c/ryanpineda

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https://www.twitter.com/ryanpinedashow
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Aaron was born and raised in Michigan. In college, he worked in a bank on campus and worked his way to CEO! His biggest take away from that job, was that he found his passion to entrepreneurship. He developed grit and many problems solving skills while working in banking that he used in his own businesses.

He developed a DIY home security company, Frontpoint. He and a few friends quit their full time jobs, rented out his uncle’s basement, and built the company.

Aaron discusses some of the failures and challenges he had to overcome to grow and scale his business. Listen in to hear all about them!

Transcript

Click on a timestamp to play from that location

0:00.0

On today's podcast, I had Aaron Shoemaker on.

0:02.8

Aaron has sold his company for multiple nine figures.

0:07.4

Pretty crazy story that he talks about where he started this company in his uncle's basement,

0:12.2

selling security systems.

0:14.3

He talked about what it was like navigating a startup business like that at 24 years old,

0:20.0

and just figuring out how to do all the simple things we know today like marketing,

0:24.2

like handling competition from all of these competitors.

0:28.4

What it's like when you have to go up against Amazon because they decide to get in the security

0:32.1

game.

0:32.9

Along with that, we also talk about the crypto markets.

0:35.1

He recently started a crypto fund, and he's very bullish on a few different things that you want

0:40.6

to make sure you hear about.

0:42.6

We also go into what I am doing with my NFT.

0:46.0

Things is the first podcast where I publicly even talked about my NFT.

0:50.0

So if you've been wondering what my plans are to do in this space,

0:53.6

I review or I reveal a little bit of that.

0:57.6

And overall, we just talk about what it's like as an entrepreneur going through failure on every

1:02.4

single business.

1:03.2

It's cool to relate that almost every business I've started has been a failure in the beginning,

1:09.7

only for us to adapt and pivot and figure out what made us successful.

1:13.3

Aaron's business was no different and adapting through those changes was what allowed him to

1:18.8

sell it for multiple nine figures.

...

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