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January 29, 2007

Calling all entrepreneurs - what was your biggest, ugliest challenge?

Hello my fellow entrepreneurs,

I'm going to be writing a series of posts over at the Kauffman Foundation and I'd like your help.  We all know that being an entrepreneur is almost 100% an easy and happy existence.  Right . . . .  So, what about that 1% that really tests what you are made of?

I'd like to hear about the biggest, ugliest problem that might have some general appeal to other entrepreneurs.  I won't use your name unless you tell me I can, and you don't even have to give me the answer to the problem although if you feel like sharing, or if it would just help to commiserate about what did or didn't work, I'd like to hear it.

By the way, if you like learning from other entrepreneur's mistakes and misery, check out Lessons from the Edge, by Jana Matthews and Jeff Dennis.  Just don't read it late at night.  With subsections like "when disaster strikes", "picking the wrong guy", "starting with a bang, ending with a whimper" and "caught in the act", this is one book that might keep you awake at night.  Confront your fears; the book has a "lessons learned" section and a "top 10 lessons" list after each section.  If nothing else, you'll feel very fortunate because I guarantee that there are people in this book who had it worse and who have bounced back. 

Thanks in advance for your help.  Email me, or if you want to share in public, leave a comment.  Be sure and say if you want me to credit you by using your name if you email me.

January 29, 2007 in Entrepreneurship | Permalink

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Comments

How great to know that you're recruiting entrepreneurs for the Kauffman eVenturing site in your personal blog. The eVenturing blog readers thoroughly enjoy the stories about and from real entrepreneurs. I'll look for your great posts.

Posted by: Stefanie Weaver | Jan 31, 2007 10:59:04 AM

My biggest failure as documented in my blog:

http://www.texasstartupblog.com/2005/12/05/my-biggest-failure-20000000-loss/

Feel free to quote or reprint...

Posted by: Alexander Muse | Jan 31, 2007 3:34:07 PM

The thing I have always found hardest is to balance my self-interest with the needs of employees and customers.

In a startup, there are always tough times and the it's hard sometimes to act in your self-interest (and the interest of your family) even when the situation warrants it.

Posted by: Dharmesh Shah | Feb 3, 2007 12:56:00 PM