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This year’s winners launched successful companies, grew established firms, took on high-pressure projects and gave a hand to those in the community.” — Full coverage at Anyone who craves predictability probably shouldn’t become an entrepreneur.
Besides the inherent risk of failure that any business carries, running a company offers many opportunities to be blindsided by even the seemingly most astute decisions.
Just a year before that began, the DIA pulled itself out of budgetary quicksand by pushing through a 10-year tri-county millage that gives it about million annually.The owners of retailer Detroit Fiber Works signed a lease on Livernois Avenue, in the strip north Seven Mile Road once known as the Avenue of Fashion, on Jan. Few souls walked through the doors during the first two months of business. We thought, ‘People love us; it’s going to work.’ Then January comes and nobody comes in here.We end the month with 0 in sales, and rent is a lot more than that,” Smith said. Read more at In 2011, Scott Owens went with his wife, Suzi, to a bank seeking a loan to start a business making hot sauce. “The bank said, ‘We can’t even give you a ,000 loan.’ ” Owens had been laid off from the auto industry in 2008, and the family’s Dearborn home was underwater after a third of his neighbors walked away from their mortgages.“He and I had four arguments in 13 years working together.I formally resigned in two, and he offered me a buyout in two,” Schnieders said. Read more at There’s succession planning, which handles all the big-picture questions of who will own and lead a company someday.