Growing up an entrepreneur, and founding many successful companies, he helps entrepreneurs to scale and grow their revenue and financial intelligence while avoiding all the classic gimmicks like ultra-pricey courses or quick hacks that never work.
Key Points on How To Really Boost Your Financial Intelligence
- Henry went to school for electrical engineering and worked as a computer programmer since 1981.
- At age 30, he started a side hustle as an Apple reseller. After 18 months he decided to leave his well-paying job and be an entrepreneur.
- When he started the business he made $12k a year and it took him 3 years to reach the financial level he earned in his job before.
- Soon he started computer leasing too, which also went very well.
- By the end of the 90s after the dot-com bubble burst, the market was collapsing and all the computer companies started failing.
- They sold their leasing portfolio for good money, but they couldn’t compete anymore with their computer company.
- After a personal hardship, Henry realized he wanted to create a purposeful business, so he started business coaching 8 years ago.
- Henry wanted to be location independent and to not be responsible for other businesses’ cash flows.
- He is working with businesses that are $1M to $10M. According to Henry, there are 30M businesses in America and only about 4% will ever achieve a $1M top line in any given year.
- He starts his coaching with 2 things: he does a deep dive into the business itself and then helps the business owner to create a healthy system.
- The model he uses is the CODFISH model. It stands for customer service operations, development, finance, infrastructure, sales and marketing, and human resources. These are the 7 pillars of every business and they need to be well connected.
- He takes on 12 clients at a time because he is an all-in coach.
- Who is your success role model? Steve Jobs
- What is your biggest success? Being married for 30 years and raising his 3 sons.
- What does a typical day look like for you? He gets ups at 7 AM and starts with trading the market. Then he has coaching calls and closes the day with some gym time. On Mondays and Wednesdays, he usually works 9 hours.
- What’s your favorite quote? “Never let a good crisis go to waste.” – Winston Churchill
- What are your hobbies? He likes playing golf, tennis and collects baseball cards.
- What is the best business book you’ve read? John Rothchild and Peter Lynch – One Up on Wall Street
- If there was one key piece of advice you could leave our listeners with about achieving success, what would it be? Pay attention to risk. “Risk isn’t everything, it’s the only thing.”
About our Guest Henry Daas
Henry is an entrepreneur and most recently author of ‘FQ: Financial Intelligence’, a book on best practices for managing personal finances.
After founding six successful companies, he also does a lot of writing on finance and coaching, where he helps people scale grow their revenue while avoiding all the classic gimmicks, like ultra-pricey courses or quick ‘hacks’ that never really work.