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August 14, 2024 28 mins

In this episode of the No Sitting on the Sideline Dad podcast, host Joe Foley sits down with Dr. Shaan Patel, a serial entrepreneur, bestselling author, and founder of Prep Expert. Shaan’s inspiring journey, from starting a business with just $900 in his dorm room to securing a deal with Mark Cuban on Shark Tank, is a testament to the power of perseverance, education, and entrepreneurship.

Key Topics Discussed:

  • Shaan’s Shark Tank Experience: Shaan shares the intense audition process, what it was like pitching to the sharks, and how closing a deal with Mark Cuban helped his business, Prep Expert, 10x in revenue and reach millions of students.
  • The Birth of Prep Expert: Discover how Shaan’s perfect SAT score transformed his life and led him to create Prep Expert, a company dedicated to helping students achieve higher SAT and ACT scores.
  • The Rising Cost of College: Shaan discusses the skyrocketing costs of higher education and how excelling on standardized tests can significantly reduce college expenses through scholarships.
  • Education and Upbringing: Shaan talks about the importance of education in his family and how growing up in a modest environment in Las Vegas shaped his drive and determination.
  • Entrepreneurship for Kids: Shaan provides tips for parents on how to encourage entrepreneurial skills in their children, from starting with simple projects like lemonade stands to exploring more advanced business ventures.
  • Success Stories: Hear about some incredible success stories from Prep Expert students, including one who earned $1.4 million in college scholarships.
  • Final Thoughts: Shaan emphasizes the importance of creating internal motivation in children, helping them visualize their goals, and encouraging them to strive for success on their terms.

Links Mentioned:

Final Thoughts: Creating a vision for your child's future can help them see the possibilities ahead. By fostering internal motivation, parents can guide their children toward success in both academics and life.

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