Start Stupid with Don Henig of AccrueMe

The Exit - Presented By Flippa

Technology

5.0 • 420 Ratings

🗓️ 23 August 2021

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

When Don was 18, his parents told him, “you don’t know what it means to run a business. Go get a civil servant job.” Regardless, he went on to start a successful financial planning company and formed the New York Association of Mortgage Brokers and National Association of Mortgage Brokers. After becoming the president of each organization, he decided to sell his businesses. Looking back, Don thinks he would have done things a bit differently. In this episode, we talk to the co-founder of AccrueMe about what he wishes he would’ve done if he could go back and the lessons he’s learned along the way. -- The Exit - Presented By Flippa: A 30-minute podcast featuring expert entrepreneurs who have been there and done it. The Exit talks to operators who have bought and sold a business. You’ll learn how they did it, why they did it, and get exposure to the world of exits, a world occupied by a small few, but accessible to many. To listen to the podcast or get daily listing updates, click on flippa.com/the-exit-podcast/

Transcript

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0:00.0	Hello and welcome to the Exit presented by Flip out. This is a 30 minute podcast featuring
0:14.6	amazing entrepreneurs who have been there and they have done it. The exit talks to operators
0:18.2	who have bought and sold businesses of all different types and sizes. You learn how they did it,
0:23.7	why they did it, and get exposure to the world of exits. It's a world occupied by a small few,
0:29.0	but accessible to many. Now in this episode, I sit down with Dan Henig. He is the founder of a
0:36.4	crewmate currently and he is an incredible serial entrepreneur. He started 20 plus businesses
0:43.2	over his career in all different spaces. He talks about this concept of start stupid and this is
0:50.2	a fantastic concept that I totally live by and really love emphasizing with younger entrepreneurs
0:56.8	out there everywhere and that you don't need to understand every intricacy of a business or a
1:02.4	niche before you get started. You just have to get started. Surround yourself with amazing people
1:08.2	and this is something that Don really talks about a lot. He shares an epic story halfway through
1:15.2	this interview that you are not going to want to miss of him going to the Hamptons at 230 in the
1:21.0	morning, jumping on a private jet with the chairman of his company and flying to Colorado to pick up
1:27.6	a third guy and acquiring a business in San Francisco and flying the entire company to San Francisco
1:36.3	to onboard them. It is an incredible story. So without further ado, let's jump right into this
1:41.8	interview here on the exit with Don Henig, the founder of a crewmate.
1:46.0	What is up, guys? Today I am joined with Don Henig and he is the founder of a crewmate. How's it
1:56.6	going, Don? It's going great. Having a ball. Cool. Excellent. I'm excited to have you here.
2:02.3	And before we dig into your multiple exits because you started a lot of different companies,
2:07.6	yeah, let's hear a little bit about your start. What was your background and how did you get into
2:12.1	starting businesses? You know, it's interesting because my parents were like government employees
2:18.8	and things like that. And when I started my first business when I was 19 or 18 and my fathers,
	...

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