In business, a single moment can change everything. A decision, action or external occurrence can transform a company's entire trajectory. Sometimes, in a bad way. But other times, with some smarts, vision and a little bit of luck, it can take your firm to a whole new level.
Veterans of the PROFIT 500 ranking of Canada's Fastest-Growing Companies—the 2014 entry period for which is open until March 31—know a thing or two about the second scenario. And they've been all too happy to share what they learned from it. In early 2013, PROFIT senior editor Jim McElgunn asked a cohort of 14 veterans of the PROFIT 500 ranking to share the turning point that changed everything for them. Here are their responses, in no particular order:
- A Dream With a Deadline: Brian Scudamore, CEO, 1-800-GOT-JUNK?
- To Boldly Grow: Miles Nadal, Chairman and CEO, MDC Partners Inc.
- Engineers of Victory: Phil White, CEO, Cervélo Cycles Inc.
- Prenuptial Appeasements: John Sleeman, Chairman, Sleeman Breweries Ltd.
- Unproven But Unstoppable: Tony Lacavera, Chairman and CEO, Globalive Holdings & Wind Mobile
- Where's the Beef?: Kelly Long, Founder, Carmen Creek Gourmet Meats
- A Brand With a Higher Purpose: Bruce Poon Tip, Founder, G Adventures
- Monster Hits and Misses: Anton Rabie, Co-CEO, Spin Master Ltd.
- Selling a Breakthrough Product to a Conservative Target: Frederick Davidson, President and CEO, Energold Drilling Corp.
- Brew the Right Thing: Elana Rosenfeld, CEO, Kicking Horse Coffee Co. Ltd.
Want to add your story to the list? Apply now for the 2014 PROFIT 500. (But hurry; entries close March 31, 2014!)
What single turning point has defined your business? Was it good or bad? Share your thoughts by commenting below.