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Podcast: The MoreBusiness.com Podcast
Episode: Lessons from the Edge of Business Disaster featuring Vaughn Thurman CEO Highgear
Description: Vaughn Thurman built a thriving IT service business. Suddenly, his two biggest clients got acquired and canceled their contracts, which comprised 60% of his revenue. As the company struggled, the other shoe dropped: the bank, the landlord, vendors, even the electric company threatened to shut down his business.
It got worse. The IRS called.
With four kids to support, another on the way, a mortgage, car payments, and very little left in the bank, he first tried to hide his fears from his family and co-workers.
But that didn’t last. He had to th...