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Failure: The Blog  

August 2018

  • When This Executive Was Fired, He Took Charge
  • Obeying The Speed Limit Has Never Been More Fun
  • London Black Cabs Helped Uber Grow
  • Bette Graham Created A Product To Fix Her Mistakes
  • Flamin' Hot Cheetos Had An Interesting Start

July 2018

  • Fear This Instead Of Failure
  • Re-Releasing Songs Created Success
  • A CEO's Purposeful Mistake
  • The Tardy Student And The Unsolvable Problem
  • Fixing Potholes Through Graffiti

June 2018

  • A Surprising Mistake In The Oxford English Dictionary
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  • Blocking A Hymn
  • Eddie Shore Was Truly A Tough Guy
  • [Video] Elon Musk Didn't "Pivot" He Failed

May 2018

  • 8 Examples of Mental Toughness Part 2
  • Necessity Turned Accessory: Allen Iverson's Sleeve
  • This Doctor Has Continued To Fail
  • 8 Examples of Mental Toughness
  • MIT Accidentally Creates New Smelting Process

April 2018

  • Johnny Cash Quit Singing Lessons
  • Cruise Control Came Out of Frustration
  • Time Spent Gaming Pays Off In The Navy
  • Rock Around The Clock Was a Commercial Failure
  • Sigmund Freud Should Have Been Discouraged

March 2018

  • Superman Couldn't Fly
  • This School Shares Failures
  • Jim Croce's Parents Hoped He Would Fail

[More archives...]

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The Failure of Losing Your Biggest Client

February 14th, 2015 - by Alyssa Shea

When a small business loses its biggest client, this usually leads to the downfall of the company and ends in closing their doors. But one man refused to give up and became one of the best success stories we here at The Failure Blog have read yet!

Back in 2008, Matthew Kaseeska’s technology outsourcing company was booming. Their annual revenue was around $1.3 million and had 15 employees. Things were good. Until the rug was pulled out from under their feet. Their largest client, which was about 20% of their total revenue, decided to change leadership and left Kaseeska floundering. His own personal finances immediately started to suffer. But instead of closing their doors or cutting salaries, he cut his own pay by 20%. After laying off 3 employees and hiring a new sales manager, he hoped new business would come their way.

Matthew Kaseeska failure
Photo © Flickr User StockMonkeys.com

Instead, Kaseeska reported a monthly loss of $80,000 and went through $200,000 in reserves to pay his employees. He decided he needed help. Kaseeska enrolled in Entrepreneur Organization’s Entrepreneurial Masters Program which provided him with his moment of clarity. After the economic downturn, he realized he needed a different approach. Everyone was looking to save money. He did an overhaul of his fee’s and retooled his marketing efforts. Now, the company is booming again, better than before. He needed this failure to find success!

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