These entrepreneurs went to the brink of failure – and then turned things around. Here’s how.
Tipping over and falling down isn’t just for toddlers.
Even the most intelligent and able-bodied of us take a tumble sometime s -although here’s hoping all our grown-up tumbles are slightly more metaphoric (and don’t involve as many skinned knees). Whether you’re talking about a baby-sized trip-up or a Pets.com-style tumble from glory, there’s something about experiencing a failure that takes you to unusual territory that’s wide open for self-exploration, learning, and re-envisioning your problem.
A group of people who seem particularly adept at learning from their mistakes are founders of small companies. Here are three of our favorite example of entrepreneurs who’ve gone to the brink – and have turned things around for the better.
Zipcar: Would a Price Change Alarm Customers?
It started with an imported idea. With her 40th birthday in the rear-view mirror in 1999, Robin Chase had taken a year-long break from the workforce to care for her three children. Despite her strong desire to become an entrepreneur, she’d never yet been able to find an idea that didn’t eventually reveal a fatal flaw. Then, the big idea she’d been looking for pretty much pulled up and parked in front of her at a cafe in Cambridge, Massachusetts.
…to read this article in full, visit leading US small business resource, Inc
