In probably his most important column ever, James discusses what it is like to be an entrepreneur. The ups and downs, the changes in strategies etc.
Note: Although everything James writes in his column is accurate, my definition of an entrepreneur is a bit more broad. It includes people who see opportunities that can be converted to cash immediately.
The type of entrepreneur James is discussing is the way most people think of entrepreneurs. It is the long-term entrepreneur, who is working on a long term project, where many, many things can go wrong and often will. In these situations, perseverance and the ability to adapt are very important. James explains it in his column, along with what happened after he took his then five-year old daughter bowling, and while he was playing on his cell phone, she dropped a bowling ball on her toes. The column is here.