Most people interested in finance pursue traditional roles like investment banking, corporate finance, private equity, wealth management, etc. Few decide (or even think about) creating a career in finance by starting a business. Which adventure will you choose?
Our guest today, Scott Mashuda, is a Co-Founder and Managing Director of River’s Edge Alliance Group, a lower-middle market firm that specializes in mergers & acquisitions, business valuations, strategic ownership planning, and private capital markets. Before starting a business, Scott served as a senior analyst in the business valuation group of E&Y’s corporate finance and transaction advisory services group.
In 2013 Scott was named one of the “40 Under 40” top M&A service providers by The M&A Advisor. He has served as an adjunct professor of entrepreneurial finance at Duquesne University’s Palumbo Donahue School of Business and Treasurer of the Allegheny HYP Club. He is currently the Marketing Chair for The M&A Source.
In this episode:
- How ignorance truly can be bliss, especially when you are starting a business
- The challenges of selling M&A services to business owners when you are young
- Thinking about scalability when starting a business
- Why you need to know the difference between sales and marketing
- What you need to do to get your first client
- Why everyone needs to ask for help
- How our career goals evolve over time
- Not really knowing if your decisions are right or wrong until after you have made them
- What you need to do to be successful as an entrepreneur
- The changing rules and regulations at the lower end of the middle market for M&A advisors
- Having people in your life who bring out the best in you
- Being a sponge and learning as much as you can from whomever and whatever you can, especially when you are on your own or starting a business
- Scott Mashuda’s LinkedIn Profile
- Good to Great, by Jim Collins
- Think and Grow Rich, by Napoleon Hill
- The Millionaire Next Door, by Thomas Stanley
Music by Elijah from NOMADS