Winners of the "How I Got My Business Out of Hot Water" challenge announced at IBAW monthly meeting.

1st Prize:
Flexo-Graphics LLC
Butler

"This award is for my team at work."
Tim McDonough

Our largest customer, who represented 53% of our business, informed me they were pulling their business in 60 days if we could not match a competitive bid 33% lower than current pricing. Losing half your revenue and getting dropped by your bank both within 60 days is tough to take. We did what we had to do - we went into survival mode. Read more...


2nd Prize:
J.W. Winco, Inc.

New Berlin

"The team at J.W. Winco worked hard at keeping us afloat."
John Winkler

Like so many companies, we found ourselves in hot water when the economy took a nosedive in 2008. Sales declined, and all around us, other businesses in the industrial manufacturing sector were struggling. Layoffs were common and many of our customers were closing their doors entirely. Read more...

3rd Prize:
Two Men and a Truck

Madison

"Thanks to my amazing team, we're a much better company."
Tim Lightner

In 2009, many companies had to adjust, react and reposition due to challenges with the down economy. It was during this challenging period that we were confronted with an even bigger challenge and tragic situation in the fall of 2009. Our dear co-worker, leader and friend Marc passed away unexpectedly from a sudden heart attack. Read more...

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