Entrepreneur Plus - Short White
For Subscribers

5 Tips for Dealing With a Personal Crisis or Health Issue While Running a Business Personal troubles happen. Don't let them derail you.

By Michelle Goodman

Opinions expressed by Entrepreneur contributors are their own.

Courtesy of Josh Letchworth
Calm amid chaos: Ted Murphy.

Ted Murphy is no stranger to fundraising under duress. In 2011, when the serial entrepreneur was raising capital to sustain Izea, his Orlando, Fla.-based social media marketing company, his mother was hospitalized for a quadruple bypass. The next year, while Murphy was raising another round of bridge financing, his prematurely born son spent two months in the neonatal intensive care unit fighting for his life. Once again, Murphy found himself taking investor calls from his car in the hospital parking lot.

"I was getting very close to running out of money," he says. "I had to close a deal within a week or so if I was going to keep the lights on."

This is a subscriber-only article. Join Entrepreneur+ today for access

Editor's Pick

A Father Decided to Change When He Was in Prison on His Son's Birthday. Now His Nonprofit Helps Formerly Incarcerated Applicants Land 6-Figure Jobs.
A Teen Turned His Roblox Side Hustle Into a Multimillion-Dollar Company — Now He's Working With Karlie Kloss and Elton John
3 Mundane Tasks You Should Automate to Save Your Brain for the Big Stuff
The Next Time Someone Intimidates You, Here's What You Should Do
5 Ways to Manage Your Mental Health and Regulate Your Nervous System for Sustainable Success

Related Topics

Business News

'Do You Hate Me?': High School Teacher Shares Wild Emails He Receives From Students

Jordan Baechler teaches high school students in Ontario, Canada.


Working Remote? These Are the Biggest Dos and Don'ts of Video Conferencing

As more and more businesses go remote, these are ways to be more effective and efficient on conference calls.

Growing a Business

The Best Way to Run a Business Meeting

All too often, meetings run longer than they should and fail to keep attendees engaged. Here's how to run a meeting the right way.

Data & Recovery

This Father's Day, Give the Gift of No More Low Storage Warnings

Save 85% on 1TB of cloud storage for Father's Day.

Business News

Hedge Fund Pays NYC Interns $20,000 a Month on Average, Sent to Lavish Palm Beach Kickoff

Citadel is known for its over-the-top parties and company retreats.