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 think through his next steps carefully.

In this episode, Vaughn unpacks the gripping story of how he kept creditors and the IRS at bay, got out of debt, and eventually rebuilt his company through scrappy creative ways to increase cash flow and sales. The techniques he shares saved his business, which he eventually sold for millions of dollars, creating a launchpad for his new company, HighGear Software. Listen to learn unique insights that will help you grow - or save - your business.

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The MoreBusiness.com PodcastBy Raj KheraSep 14, 2022