In the April 2003 issue of Inc., contributor John Anderson recounts Omar Minaya's amazing turnaround of the Montreal Expos. As a companion piece, Inc.com decided to scour the Inc. archives for more amazing turnaround stories and to catch up with some of those companies to see where they are today.
Our research brought us way back, back to 1986 in one case. Of the 15 turnarounds we uncovered, only one company seemed to have ceased operation. The others seem to be alive and well either doing what they were doing when originally covered by Inc. or having transformed themselves once, twice, or as many times as it took to survive.
Here, Inc.com shares with you a few of the companies' stories. Each holds strategies for growing a business and keeping it alive for the long haul. Check back periodically to discover whom else we've caught up with.
Creating Growth Paths
Joanna T. Lau was Inc.'s Turnaround Entrepreneur of the Year in 1995. Since then, she's acquired, sold, spun off and reacquired businesses in order to ensure a solid growth path for Lau Technologies and its associated companies.
You Can't Always Go It Alone
Aaron Kennedy was literally in the basement back in 1996, fighting off flood waters in one of his restaurants and thinking that if he didn't do something fast, he'd loose his young business, Noodles & Company. Inc.'s September 2001 story recounts his experience and strategy for turning around his ailing business. When Inc.com caught up with him, we discovered that part of his continued success is due to his revelation that growing his business meant asking for help.