This document discusses how three entrepreneurs were able to overcome challenges and failures to find success with their businesses. Michael Diamant expanded his baby bedding business after crib bumpers were banned by designing new products. Laura Zander had to reevaluate her wool store's finances after taxes exceeded cash flow one year and now keeps a cushion. Emily Sugihara worried when early samples from her bag company's first factory turned out poorly but was able to find another manufacturer. The document encourages readers that when life presents lemons, one can make lemonade by thinking outside the box and having a plan to fall back on during setbacks.
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The Time I Almost Quit
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When Life Gives You Lemons
How 3 Entrepreneurs Turned Sour Moments into Sweet Success
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2. 息2013 LinkedIn Corporation. All Rights Reserved.
From legal obstacles to financial
setbacks, three entrepreneurs recount
the time they almost gave up.
3. Michael Diamant
CEO/Founder of Skip Hop
Crib bumpers were banned in Chicago. Instead
of backing out of the bedding business, we saw
an opportunity to design something different.
Read more.
4. Laura Zander
Co-founder of Jimmy
Beans Wool
A few years after opening our store, our tax bill was
higher than our cash flow at the end of the year. We
had to reevaluate our finances and have since kept a
cushion in case our inventory sales are lower than we
expect. Read more.
5. Emily Sugihara
Co-founder and president
of Baggu
When our first samples came back from the first factory
we talked to, they looked terrible. We had a few days
where we worried that no one else could ever make the
bags as carefully as we did. Read more.
6. Join these discussions in Succeed
Small Business Network, Powered by Staples
Do you have a cushion to fall back on?
Has your Plan been better than your Plan A?
Have you had to think outside of the box?www.linkedin.com/succeedsmallbiz
So the next time life hands you lemons
You know exactly what to do.
7. 息2013 LinkedIn Corporation. All Rights Reserved.
Make lemonade. Photo Credits:
際際滷 1: Karen Lee/Flickr
際際滷 2: go_nils/Flickr
際際滷 3: Skip Hop
際際滷 4: Frank Haxton/Digiman Studio
際際滷 5: Baggu
際際滷 6: Aaron Katchen/Flickr
際際滷 7: Tarehna Wicker/Flickr