Fanne Saidu, a Nigerian widow in her seventies, earned a living from selling locally-made pots until the threat of Boku Haram terror attacks forced her into a camp. But she bounced back even in terrible conditions making a popular local drink in recycled bottles gathered by school children. Makes you think about the scale of our challenges hey!
The start for most Bouncepreneurs is a business failure. After the champagne and photos of the start up the day of failure is entirely different. Alone, harassed and grieving.
Life is tough for failed entrepreneurs.
I often get asked what type of people join or approach Bouncepreneurs. Well there is a broad group. Sometimes men, sometimes women and sometimes couples. No matter which country they come from the message is basically the same. THEY DO NOT KNOW WHERE TO TURN.
In this blog I thought I would share some examples of the types of people who join Bouncepreneurs and the reason that they fail.
Janeta was an immigrant from Hungary who settled in Amsterdam. She opened a coffee bar in the City and invested all her savings. Not familiar with Dutch property law and reluctant to invest in a lawyer, she signed a punitive lease. For the first three months business looked good until she was hit with a significant tax bill, which wiped out all her profit. In the...