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21 Entrepreneurs Reveal Their Favorite Business or Entrepreneur Turnaround Story

Hearpreneur

Durant lost control of GM to a bankers' trust just two years later, in 1910, due to enormous debt and a crumble in automobile sales. Saturn, Pontiac, and Hummer were all shuttered due to GM's bankruptcy, which occurred on June 1, 2009. General Motors comeback is by far the most striking success story in business turnarounds.

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Be a Benevolent Dictator (And Eight More Lessons For Getting Your Stalled Start-up Off The Ground)

YoungUpstarts

Whatever kind of business you’re running — whether it’s a retailer, software development firm, restaurant, accounting firm, or manufacturer — it’s imperative to listen to what your customers are really saying when they tell you what they want from your business. I apologize. You’re right.’ That’s all it took.

Cofounder 154
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How to Decide, Convey vs. Convince, & More

Ben's Blog

And there’s obviously opportunity costs to those — to not choosing those options. That happens in software development — where you’re, sort of, trying to decide between two features. And you develop them in parallel, and you test them with one set of users, and another set of users are seeing different features.