Welcome to The Clear PATH To Cash Podcast

Today’s Topic: It’s no secret that I’m a Kansas City Chiefs fan.  And this historic playoff run to the championship go me thinking.  The Chiefs came back in all three games to break a 50 Year Super Bowl drought.  It’s easy to cheer for that type of comeback. So it made me wonder, do comeback stories exist in the business world?

Reason for topic:  C’mon, I love the excitement of a comeback. And one of the largest components of a comeback is in feeling like you are in an unwinnable situation.  Business feels like that sometimes.  We get into situations that just feel impossible.  Maybe even like there is nothing you can do but give up.  If you are in this situation or ever had been, I found some stories of business comebacks that might re energize you to keep looking for the win.  This could be the start of your comeback.

  

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Part 1: Content Notes:

 

So I’m going to start with what is considered to be the most impressive business comeback of all time.  It is widely known, and there have even been several movies about it.  I’m talking about Apple.  After the firing of Steve Jobs, Apple went into a death spiral and became almost non-existent in the public eye.  This gave Jobs the opportunity to rejoin the company and take over its management.  In three moves, Jobs brought Apple back plus a turned it into the most innovative software company on the planet.  His moves?  1. He sold Microsoft the rights to put Office and Explorer on the Macintosh.  2. He started selling Apple Products in Stores. 3. He added complimentary products like iPhones, and iPods to this computer lineup.  Today you can see the result.  Nobody remembers the dark days of Apple.

Here is another one you might not know.  Believe it or not, Tesla was on the verge of extinction when the hit some problems with financing from their investors.  The money had all but dried up, as people lost faith in his ability to deliver the ultimate electric vehicle.  The never say die businessman Elon Musk, restructured the company to keep it alive, then delivered on his promise to help it thrive.  Today there are three models on the market with more on the way.  Just last week, Tesla stock was trading at around $900 per share.  Talk about a comeback.

Part 2: Content Notes

 

So, I’m watching tv last night and saw a new Netflix show with Will Arnett, Lego Masters.  Think about that for a second.  A show about people who are magical at creating scenes with Legos.  First of all, the Lego Company has been around almost 100 years, and in just 2003 was on the verge of bankruptcy.  They were losing between $300-400 million per year, and kids had transitioned into electronic games and off of the old fashioned toys of imagination.  

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