Winners of the 2011 "How I Got My Business
Out of Hot Water" Challenge
Gross Automation — 1st Place Winner
We changed the name of "How I Got My Business Our of Hot Water" Challenge to remove the
"I" and "My" because it really was a team effort to recover. I couldn't have done it alone.
In May of 2010, we were 6 figures in the hole and circling down the drain. One of our major
customers, representing our largest receivable, was unable to pay their bill. We had invested
heavily in their product development, performing not just contract manufacturing for them,
but helping them redesign their product line to incorporate multiple new and updated
technologies. We could no longer ship without payment. It was a standoff. Our 20‐year‐old,
24‐employee, industrial‐controls distributorship was in hot water.
Read more...
SHOP Boutique — 2nd Place Winner
SHOP is a women's clothing and accessories boutique focusing on updated classics in
quality fabrics, with a few lower‐priced, trendy options to wear for a season or two. When
my daughter and I opened SHOP in 2007 we knew that Capitol Drive in Shorewood would be
rebuilt in the summer of 2010. From official releases we understood that the reconstruction
would be done in two consecutive three‐month projects: one half would be the work from
Lake Michigan to Oakland Ave.— the section in front of SHOP— and the second would be
Oakland Ave. to the Milwaukee River. We knew the construction would affect SHOP, but we
had over two years to establish our customer base. By then we would be able to endure
three slow months. How bad could it be? Read more...
La Luna Foods — 3rd Place Winner
When my wife and I began the process of taking a dream into the realm of reality, the odds
were horribly against us. What we had was a product; what we lacked was a producer.
Oh sure, we had taken the pallets of friends and family on a soaring rollercoaster ride of
flavor from our own kitchen, but one does not generate a frozen Mexican food company
from the confines of one's house. Neither does one run into the boardrooms of the great
manufacturing giants in the frozen food industry, hand over a family recipe, and walk out
with numerous companies excitedly bidding against each other to be the one who makes your
dinners available in frozen food aisles across the country. No, that is the stuff of Hollywood,
and if we wanted to chase the horizon of our dream, we would have to come up with a more
reasonable plan. Undoubtedly, it would be one that would cost us time, energy, and funds,
but we dared to not sit idly by and end up wishing—20 years later—that we had taken a
chance. Read more...
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