29 Nov '11, 9pm

So you want to be an entrepreneur

Some people who toil discontentedly in corporate cubicles regard entrepreneurship as the cure for all workplace ills. Only when they've experienced running a business personally do they find that the reality is much different. Mr Mike Cleary, for example, left his job as a sales and marketing executive to become an entrepreneur because he was tired of office politics. But after buying a franchise and an existing business about eight years ago, Mr Cleary sparred with difficult vendors and suppliers. "It seemed very one-sided, with many commitments and obligations on my part, and much less required of the people I was buying from," he says. In an effort to establish trust, he says, he extended credit to a client of the previous owner. Unfortunately, he says, the client was not forthcoming with payment, costing him tens of thousands of dollars in lost revenue. Finding loyal e...

Full article: http://www.todayonline.com/Commentary/EDC111130-0000037/S...

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