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 majority of the people will always give up. A good number of companies have done well to beating their failures and turning their fortunes around. this is a list of some of the best companies that have been able to change their circumstances for the best.
If you ask around, you will realize that Apple remains as the largest companies in the world today. The performance of this company is what has allowed it to be among the best. The company was faced with a threat of closing down once in its past. The firing of the then CEO, Steve Jobs nearly bankrupted the company. However, it was able to turn things around after rehiring him back. There is an estimation of the company’s revenue which is around $300 billion. You can learn more here about Apple.
As far as the logistics industry is concerned, FedEx is the largest company. Fredrick Smith was the founder back in the 70s. 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. Learn more here about this company.
Unless you have been living under a rock, you understand and have used Reddit. In its initial years, the company was known to have very few traffic. This resulted in the users creating some fake accounts. The company was able to turn its fortunes around when it was bought by Conde Nast back in 2007. The company has been able to go from strength to strength. It is the fourth most visited website in the United States today. The users of this company are said to be around 550 million. Learn more here.
When this company was launched in 2008, it didn’t have any success. Instead, the owners of the company decided to seek alternative methods of raising the capital After raising $30000, the company was accepted into an incubator. They learned everything about business and are a huge company with over $2.5 billion in profits. Learn more here.
Marvel has not been experiencing much success until in recent years.T This company is responsible for the production of over 20 films and countless TV series today and has some contracted films that will run until 2020. Learn more here about Marvel.