Today’s post will cover Chapters 22-25 and finalize the book O My Soul by Tom Peters. In these final Chapters we find that Peters was on trial and had to step away from the businesses that he had spent his much of his life building. He would be found guilty (though he maintained his innocence) and sent to jail for a short time where he spent his time there as wisely as possible. It was interesting to note that Peters (1991), even during the worst of times, looked at the situation objectively and made the best of it. Upon some further research, I found an article written after the book that filled in details of what happened to Peters’ businesses. They were eventually sold and the money was donated for worthy causes. You can read the article for yourself at the following link:
https://newspaperarchive.com/elyria-chronicle-telegram-feb-25-1996-p-1/
Some final thoughts…
New business owners start their ventures out with high expectations. They should be bold and positive! However, being prepared for unforeseen circumstances can mean the difference between success and defeat. One can look at Peters (1991) story and the fact that his businesses were eventually sold and the profits donated as a failure or one can look at them as a win. Peters (1991) was very successful in his business decisions because he was always ready and willing to change as the times changed and he made the best out of every situation. What ultimately happened to him was beyond his control and could not be predicted.
Andrew Griffiths, in his article “11 Ways to Get Through any Tough Time in Business” says, “There are two types of business-those that have had tough times and those that are going to have tough times.” I had to smile at this quote. Life is not perfect, nor is life easy. Businesses are going to go through tough times. What one makes out of those tough times is what counts! Take a look at this article at the following link for 11 Ways to get a business through the touch times. Some excellent advice is found within!
https://www.inc.com/andrew-griffiths/11-ways-to-get-through-any-tough-time-in-business.html
References
https://www.inc.com/andrew-griffiths/11-ways-to-get-through-any-tough-time-in-business.html
https://newspaperarchive.com/elyria-chronicle-telegram-feb-25-1996-p-1/
Peters, T. (1991). O my soul: The inside story. Elyria, OH: Betterpubpress.
Great final post for the course of ENT 601! Very encouraging not only in entrepreneurship, but in life as a whole. There’s a saying “It’s not what you go through but how you get through it.” That is really the mindset needed when taking on the challenges of life and/or entrepreneurship. Thanks for sharing.
Essence