Overcoming Obstacles to Success

By Gary R. Pannone, & April 11, 2018Business

If you are like me, you are always seeking tips on how to overcome challenges. When accelerating progress in your business and professional life, though, you want to avoid reinventing the wheel.

We all know that entrepreneurs have vision; however, what sets them apart is their ability to overcome disappointment and obstacles, so that they can achieve their goals. A recent article in Forbes.com chronicled the life of Barry Shore, who founded Dlyted.com, a very successful eGift card business. What is incredible about his story is that he founded Dlyted.com after spending four years in physical therapy to overcome a rare neurological disorder that left him paralyzed from the neck down. His business model for Dlyted.com combined revenue generation with charity. His audacious goal? Raise $1 billion in charitable giving without costing anyone a penny. Shore likened his business model to his struggle to recover from the neurological disorder: “It’s the idea of incremental growth—and just never giving up, being resilient and always moving forward.”

Another compelling story is about Gigi Stetler—victimized by a maniac in the early 1980s, who stabbed her and almost strangled her to death. After recovering from the attack, she founded and became the CEO of the first female led RV business in the United States. She actually had to restart the business on two occasions after setbacks as well as endure a contentious legal battle with a major competitor. Her goal was to overcome the obstacle of a female entering into a male dominated business. Thirty years later, her business is thriving. In an interview with Business News Daily, she cautioned entrepreneurs to avoid letting personal crises defeat them: “Don’t give up, don’t give in—just get back up and start rebuilding your life as quickly as possible.”

Here’s what I learned from these stories. Regardless of the obstacles in my way, I must always keep moving forward. I believe it is important for us all to learn from our mistakes and stay the course.

Back to Blog
Gary R. Pannone is the Managing Principal of Pannone Lopes Devereaux & O'Gara LLC and has been representing closely held business owners for thirty years. He is an experienced business lawyer specializing in the areas of business formations, corporate restructuring, mergers, acquisitions and corporate compliance. His practice includes the representation of nonprofit organizations with respect to consolidations, mergers and acquisitions. In addition to his role as Managing Principal of the firm, Attorney Pannone serves as the team leader for the Health Care Law, Corporate & Business Law and Nonprofit Organizations teams.

Attorney Pannone serves on several boards and governance committees of nonprofit organizations. He is a former Town Solicitor and has served as special counsel to several municipalities. He is also a frequent lecturer and author in the areas of health care law, corporate compliance, board governance and best practices.

Prior to the founding of Pannone Lopes Devereaux & O'Gara LLC, Attorney Pannone served as the managing partner of the Providence office of Holland & Knight LLP. He is a prominent member of the legal community, and was honored by his peers and judges with the AV Preeminent rating from Martindale Hubbell, which is the highest rating based on both legal ability and ethics. He has also been recognized by his peers as a leading lawyer in the areas of business law and corporate compliance by The Best Lawyers in America, Chambers USA, Super Lawyers and Corporate Counsel. For several years, including 2017 and 2018, Attorney Pannone was named Rhode Island's Lawyer of the Year by Best Lawyers in his practice areas. He is a Fellow of the American Bar Foundation, the nation's leading research institute for the study of law.

Attorney Pannone received his J.D. from Suffolk Law School after earning his undergraduate degree in Finance and Accounting from the University Of Notre Dame. He is admitted to practice law in Rhode Island and the U.S. District Court for the District of Rhode Island.

To contact Attorney Pannone, call 401-824-5100 or email gpannone@pldolaw.com.

Leave a Reply