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Bankrupt and Facing a $100 million Lawsuit, This Entrepreneur Learned the Power of Grit

and .Early in his career and looking to supplement his work as a professional athlete, Goetschel joined a company with a network marketing business model and discovered that the business, in his opinion, was built around an antiquated system. To provide a solution, he assembled a small group of talented team members and built a process that was easy to replicate.

His small organization ultimately grew into a $40 million worldwide business, a feat that earned him a spot on the company’s advisory board of directors.But after a leadership dispute, Goetschel and a few others parted ways with the company. Over the next few weeks, approximately 75,000 distributors followed his lead, and the company sued Goetschel for $100 million—litigation that would tie up his finances and energy for years.“Building the first big thing is not so bad, but building the second big thing, when you are literally bankrupt and have no money, that’s really hard to pull yourself back up,” he says.

“ with all of that on your back is probably the greater accomplishment.”Although his first big success resulted in a dire financial situation, it also revealed his two greatest strengths: identifying problems and delegating the solutions to talented people. As he scrambled to get back on his feet, Goetschel says, he went back to basics, asking himself how he could combine his own gifts and passions to create solutions that would help or serve others.For Goetschel, the answer made his next steps obvious.

With a degree in computer science and a heart for entrepreneurship, he launched an how to engage customers during the early days of the internet. Goetschel gathered 30 professors from around the world and the school appeared to be a success.Then he read the

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and .Early in his career and looking to supplement his work as a professional athlete, Goetschel joined a company with a network marketing business model and discovered that the business, in his opinion, was built around an antiquated system. To provide a solution, he assembled a small group of talented team members and built a process that was easy to replicate.
I will bury my dream for many years, but living in China waters the writing tree in me. This tree never dies.    Me at 5 years old with one dream I cannot ignoreI originally went to the University of South Carolina-Columbia (USC) to get a degree in Early Childhood.

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