50 young entrepreneurs gained management wisdom from mistakes or failures

Author: Gana Mathews
Publisher:
Publish Date: 2004-05-01
Features: They are all under 45, their companies now have annual revenues exceeding millions of dollars and are rapidly growing. But they have all experienced bitter failures that nearly brought their companies to the brink of collapse. This is a fantastic book filled with dramatic stories, telling people the effort and knowledge required to start a successful company. During the process of starting and growing a company, entrepreneurs must strive to address various challenges: planning company development and securing funding, defining the company's vision, recruiting, leading, and managing employees, as well as dealing with personal life issues. A mistake in any one aspect could potentially put the company in a difficult position or even lead to failure. The 50 young entrepreneurs featured in this book have encountered various hardships—some failed due to choosing the wrong partners, others lost important clients, some struggled to find and retain employees, and others paid a price in their personal lives. In the book, they share their real-life experiences of these mistakes and summarize many lessons learned. Reading this book, you will not only see their errors and failures but also grasp the management wisdom they gained from them, and you will be inspired by their spirit of overcoming difficulties and turning the tide. Every entrepreneur or business owner may find that they have made similar mistakes, experienced the same pains, and benefited from their experiences.