In my 30-plus years as an entrepreneur, I’ve faced some pretty tough situations in business. We all do.
The hardest thing I’ve ever done is to counsel someone facing what seemed like an impossible crisis. Like the time one of my clients lost millions of dollars in one year and had several none-too-happy bankers considering calling their loans. Or the client who realized that a long-time partnership was not going to work out and they were faced with a messy business divorce. Or the client who was betrayed by a trusted employee who departed with a significant customer, instantly putting the future of the business and his family’s financial security in jeopardy.