Entrepreneur Plus - Short White
For Subscribers

Living On The EdgeOn the verge of bankruptcy . . . on the verge of freezing . . . on the verge of multimillion-dollar success--take your pick.

ByGeoff Williams

Opinions expressed by Entrepreneur contributors are their own.

Graham McFarland put the finishing touches on his resignationletter and settled back in his seat. Soon, he would land in NewJersey, give his final sales pitch for Express Digital, fly back toDenver, submit his letter, and then he would be done with thecompany he'd created. All the then 29-year-old husband andfather of two small children could look forward to was trying toavoid bankruptcy. He was $30,000 in credit card debt after threeyears of trying to keep his firm afloat.

It had seemed like a great idea at the time. Back in 1994,McFarland, who is now 32, had been having lunch in Denver withthree people: his boss, Steve Hiratsuka; mutual friend Dave Hurd;and a pal of Hiratsuka and Hurd's. The pal made a passingcomment about baseball cards that evolved into an animateddiscussion about Little League baseball and soccer teams. They allwondered:"Why couldn't there be collector cards for kidswho play sports at the elementary school level?"

Continue reading this article — and all of our other premium content with Entrepreneur+

Join the internet’s leading entrepreneur community! With your subscription you’ll get:

  • Access to all of our premium content and an ad-free experience
  • Entrepr免费订阅eneur Magazine
  • Four free e-books a year and 20% off everything from our bookstore
  • Exclusive events with business celebrities and successful entrepreneurs

Related Topics

Business News

Gen Zers Are Bragging About Making Upwards of $3 Million as Amazon Sellers. Is It Really That Easy?

Before you start a business on the popular online marketplace, keep these three points in mind.

Business News

Desperate to Get Employees Back Into the Office, Companies Experiment With New Tactics

Many Americans simply aren't interested in resuming a traditional 9-to-5.

领导

These Outdated Habits Are Leading to Workplace Inefficiencies And Taking a Toll on Your Productivity

No wonder companies are having trouble collaborating effectively digitally.

Growing a Business

Statistical Significance: Here Are Some Examples, Types and More

Unravel statistical significance: examples, types and its pivotal role in research and informed decisions. Boost your data literacy today.

Growing a Business

How an Idea Nobody Believed in Led to 8 Million Shirts and 88 Stores for Retail Phenomenon UNTUCKit

Co-founder Chris Riccobono shares the story of his 10-year journey to massive market success.

Business News

Bud Light Launches 'Biggest Summer Campaign Ever' Amid Backlash and a Decline in Sales

Bud Light sales revenue declined by 26.8% in early June compared to a year prior.