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

YoungUpstarts

The “benevolent” part means always putting the entity, the employees, and, most importantly, the customer, first. Whether you’re asking an employee to go the extra mile, asking a vendor for a discounted price, or pitching a business concept to an investor, you have to be willing to put yourself out there. I apologize. You’re right.’

Cofounder 154
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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.