I did.
As in being on the brink of becoming destitute. Started a business, made some glaring mistakes, pumped in all my savings, and just as the business was starting to trickle in some droplets of income, i had to close shop because i couldn't afford the costs. My biggest mistake was taking someone else's advise on location that was expensive rentwise.

Share your story in not more than 5 sentences, and mention your mistake/lessons learnt.

had several cars for hire. one day I hired to the wrong person who turned out to be a thug. huge losses in trying to convince cops that I was not an accomplice. Closed that biashara very fast.

Opened a boutique and hair care shop through remote management-On the day I came to do stock taking, I couldn't manage to get an erection for 3 months due to stress.

Closed the place, carried the remaining stock to shags and distributed it to villages

Where are the matatu stories...they seem very widespread in bars and the streets?

I thought there was a shrub there! Pole.
I recall on many a nights waking up with a cold sweat. There is nothing as horrifying as knowing you're heading downwards at lightning speed!

I packed my computers in boxes and transported them to shags.

But we survived, and lived to tell the tale.

It is good to talk about the failures because when one is down, it feels like the end of the world. And whenever we read a story of a successful business, the failures are normally obscured, yet for many successful enterprises, there were major failures before the success.
Also to encourage the newbies in business.
I sprouted several grey hairs and did not need to go to the gym, the weight just fell off.

Took a loan, 1M at 15% from Stanchat in 2007,bought Safaricom shares at 5 bob each during the IPO...got 190,000 shares.
I was looking to be a molti-millionaire in 5 years when the share price was widely expected to trade at 25 bob a piece!

Shock on my ass!!!

So came the 2008 PEV and the 2008-global financial crisis triggered by the US lenders.

I panicked and exited the counter in circa 2008/9 at 2 bob 10 cents.

Paid the 60 months loan non the less.

Today when I see safcom trading at 21 bob I feel a sharp pain in middle of my *sshole.

Safcom IPO was in 08. Eaza lakini

Revise the figures. With 1m you can't have gotten 190k shares

Bad biz partner whose role was just sign papers... Forgery kibao. Now I have a loan to pay and money vanished from the 2 accounts. My headache is back.