A List Of Very Successful Companies That Were Once On The Brink Of Bankruptcy
When you are into business, you should be prepared for challenges. The only problem is that many people tend to give up when hit by an obstacle. When you look at history, you will learn of companies that were able to conquer their obstacles. These companies are known for turning their wheels around and bouncing back.
Apple is one of the biggest companies in the world. The success of this company can be credited to its performance. However, there was a time when this company was faced with huge obstacles. This event came when Steve Jobs was fired. After Steve Jobs was hired, the company managed to change its fortunes. There is an estimation of the company’s revenue which is around $300 billion. Learn more here about this.
As far as the logistics industry is concerned, FedEx is the largest company. The company came into existence in the 70s and was created by Fredrick Smith. Since he had inherited $4 million, he used the money to open the company. However, due to large debts, the company nearly shut down. He was able to save the company when he gambled the $5000 in a casino. You can learn more here.
Reddit is one of the largest companies that we have today. In its initial years, the company was known to have very few traffic. The founders resulted in creating fake accounts for the company. The company started seeing success after it was bought by Conde Nast in 2007. Since the acquisition, the company has managed to make a name for itself. It is number four in the US as the largest company. The users of this company are said to be around 550 million. You can learn more here about Reddit.
When this company was launched in 2008, it didn’t have any success. Since the company was not making any money, the owners decided to try other methods of getting the capital. The company was enrolled into an incubator program after they raised over $30000. They were taught everything they needed to learn about business and today, the company makes a profit of $2.5 billion every year. You can learn more here
If you look at the history of Marvel, you will notice that it didn’t experience much success until recently.The company has produced over 20 movies and TV series and has some lined up until 2020. Learn more here about Marvel.
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