Rachel Elnaugh - Business Nightmares
Saturday, May 31st, 2008I can’t get enough of business type books at the moment. After finishing “ProBlogger: Secrets for Blogging Your Way to a Six Figure Income” a week or so ago I went straight onto “Business Nightmares” by Rachel Elnaugh.
I chose this book as I’m always deeply impressed by business owners who have battled through adversity such as when Rachel’s company, Red Letter Days famously and very publicly crashed in 2005. At the time she was one of the Dragon’s on the BBC TV show Dragon’s Den so her profile in the media was huge.
The book goes into detail of how Rachel started the business, from very humble beginnings to the multi million pound leader of the gift experience sector. There is loads of interesting stuff here, and lessons learned about losing control of your company and expanding too fast into new markets. Rachel doesn’t go into too much detail about the collapse of her business, I’m guessing it must still be pretty painful. However there is still enough detail to understand what happened and why.
The rest of the book is a series of interviews and anecdotes from other business leaders/entrepreneurs who have struggled through tough times - yet come out the other side. People like James Dyson, Simon Woodruff, Jeffrey Archer, Donald Trump and Gerald Ratner. There are some great stories, and the overall message is “don’t give up”. Rachel now has a new company and as well as being an author she does a lot of public speaking and work with young entrepreneurs.
A good book overall, I love reading and learning as much as I can from people who have been in business, both successful and not. I always come away really motivated and wanting to pour some more energy into my own projects.
Also, as a result of reading Rachel’s book I’ve just started reading “Gerald Ratner - The Rise and Fall…and Rise Again“. So far it’s absolutely fascinating, and I haven’t reached the point yet where he made that speech. I’ll put a quick review up when I’m finished.
BTW Rachel has a blog here, great to see her still inspiring entrepreneurs.
What I’m listening to right now: Usher - “Here I Stand”
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Rachel Elnaugh - Business Nightmares
Original post by Kieron

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