Sure! Here are some examples of businesses that almost went bankrupt:
Michael Kors: Michael Kors, the fashion designer, experienced financial difficulties when the company they licensed to for their designer name went bankrupt, leaving them owed a considerable amount of royalty money .
Dippin' Dots: Curt Jones, the founder, faced financial challenges during the 2008 recession, which led to a Chapter 11 bankruptcy filing. However, they managed to survive and dig their way out of it .
1-800-GOT-JUNK?: Brian Scudamore, the founder, encountered a major setback when the company almost went bankrupt due to a misalignment between his vision and his president's leadership. The company had overspent on unsuccessful initiatives, leading to layoffs and a need to elevate middle-level managers .
FUBU: Daymond John, one of the founders, faced financial struggles when he had trouble delivering orders on time and encountered canceled orders, which led to the risk of bankruptcy .
These are just a few examples, and each business faced unique challenges that contributed to their near bankruptcy.