127: Halo Top Creamery: How 2 Ex-Lawyers Built a Global Ice Cream Brand (via Doug Bouton) ⭐

Entrepreneur Stories 4⃣ Inspiration

Millionaire Interviews Podcast & Sir Austin Peek

Careers, Business:careers, Business

4.7 • 2K Ratings

🗓️ 1 January 2021

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

Douglas Bouton is the President and COO at Halo Top Creamery. The ice cream brand was founded in 2011 by former attorney Justin Woolverton of Latham & Watkins LLP. Woolverton, who had hypoglycemic diet restrictions, began making ice cream in his own kitchen. Woolverton met Bouton, another former attorney, in a Los Angeles lawyers’ basketball league. This small business has currently grown to over 50 employees. This Episode is Sponsored By: Great Courses Plus is founded on the idea that education should be accessible to everyone. They make it possible to learn from the brightest minds out there that most of us would never otherwise have access to. Start your free month today, go to: millionaire-interviews.com/greatcoursesplus. Rhone is a men’s performance lifestyle and premium activewear brand that is engineered for unparalleled quality and comfort. Get 20% off today by using promo code, "Millionaire" by going to: millionaire-interviews.com/rhone. *** For Show Notes, Key Points, Contact Info, Resources Mentioned, & the Fabulous 4 Questions on this episode visit our website: Millionaire Interviews. *** 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	This is how bad it got.
0:01.0	I had to take out a predatory lender.
0:03.2	This is probably in 2015, to be honest.
0:05.4	It was one of those where we needed to bridge like three to six months of cash flow and
0:09.2	anything and everything we can do to do it.
0:11.0	We're trying to do it.
0:12.0	And essentially our agreement with each other was if nothing has changed by the end of 2016,
0:20.4	we're just going to fall this and either go back and be lawyers with our tails tucked
0:24.7	or do something else.
0:26.4	Yeah, here's a great tool that I should have thought about that we use all the time is
0:33.1	for us and really everyone in our industry said you can't do that.
0:36.4	The company will fail if you don't go to this trade show and we would just ask why?
0:40.2	Like what do you mean the company will fail?
0:42.8	It's going to fail if we go because we can't spend tens of thousands of dollars in waste
0:46.4	three months preparing for that.
0:48.2	We actually have to do other stuff.
0:51.9	My name is Doug Bouton.
0:52.9	I am 33 years old.
0:54.6	I live in Chicago, Illinois.
0:56.5	I am the president and CEO of Halo Top.
0:59.7	Halo Top is the first ever low calorie ice cream that actually tastes pretty darn good.
1:05.0	It doesn't make a lot of sense before Halo Top nothing like it existed and most people
	...

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