Tuesday, August 3, 2010
Restitching a Firm
I was talking last week with Neale Godfrey, the chairman of the Children’s Financial Network at our Entrepreneurship Bootcamp for Veterans with Disabilities program. Neale was a guest speaker, and she asked me a great question right before she went into the classroom to talk to the vet’s. She asked, “Do you tell the vet’s the whole story about entrepreneurship”…meaning are we sharing with them stories of success, as well as failure. As it turns out, we do tell the vet’s as well as our undergrad and graduate students the whole story, but an article in the Wall Street Journal today Restitching a Firm That Nearly Unraveled, brings home Neale’s point…that entrepreneurship is more than just success, but it can also be filled with road bumps(and more) along the way. Read the article by Julie Jargon about, J.W. Hulme Co., a Minnesota luggage maker that almost went bankrupt but is now on the way back.