John Henry used this tactic to build, sell company for $1 million – CNBC

Hardships and setbacks can make it difficult to give 100% at work — unless you find a way to use them to your advantage.John Henry, co-CEO and co-founder of startup Loop Car Insurance, says he’s proof: Growing up, he was more concerned about helping his struggling family than positioning himself to launch a startup someday. Using his background to influence his strategic decisions benefitted him more than an MBA ever could, Henry recently told LinkedIn’s “The Path” podcast.Specifically, his teenage solution to his family’s financial woes — a dry-cleaning company — sold for $1 million in just three years, setting him on the path to serial entrepreneurship, Henry said.”I grew up born and raised in New York City, and I come from an immigrant family from the Dominican Republic,” said Henry, 30. “Seeing my mom and pops constantly struggle to make rent and also meet the financial demands of having four young children … Being exposed to those pressures made me feel like I really wanted to help out.”At age 18, while in college, Henry took a job as a doorman to ease the burden on his custodian mother and his dad, a presser at a local dry cleaner. As
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