TED Talks Daily
The question that saved my company from bankruptcy | Sharon Price John
And so we doubled the teen and adult business that is now 40% of our sales.
TED Talks Daily
The question that saved my company from bankruptcy | Sharon Price John
I have to give the team a lot of credit because they gave this a lot of heart.
TED Talks Daily
The question that saved my company from bankruptcy | Sharon Price John
And it was 10 years of near bankruptcy, the retail apocalypse, activist investors, Brexit, and a global pandemic where we had to shut down all of our stores around the globe in 48 hours, and our stock price dropped to an all-time low.
TED Talks Daily
The question that saved my company from bankruptcy | Sharon Price John
Now I'm happy to tell you, 250 million furry friends later and a whole lot of heart ceremonies, we have had four years of record results.
TED Talks Daily
The question that saved my company from bankruptcy | Sharon Price John
And recently, a stock price appreciation of over 2,000 percent.
TED Talks Daily
The question that saved my company from bankruptcy | Sharon Price John
So yeah, a teddy bear company outpacing tech giants like Nvidia, Microsoft,
TED Talks Daily
The question that saved my company from bankruptcy | Sharon Price John
You gotta ask, how is that possible?
TED Talks Daily
The question that saved my company from bankruptcy | Sharon Price John
Is there a strategy smart enough to make that happen?
TED Talks Daily
The question that saved my company from bankruptcy | Sharon Price John
Well, actually, I have to believe that it all came down to getting in touch with our real purpose, who we really were.
TED Talks Daily
The question that saved my company from bankruptcy | Sharon Price John
And that had to start with heart.
TED Talks Daily
The question that saved my company from bankruptcy | Sharon Price John
Uh-oh.
TED Talks Daily
The question that saved my company from bankruptcy | Sharon Price John
Um.
TED Talks Daily
The question that saved my company from bankruptcy | Sharon Price John
Am I seeing skeptical stares and maybe some silence?
TED Talks Daily
The question that saved my company from bankruptcy | Sharon Price John
I know what you're thinking.
TED Talks Daily
The question that saved my company from bankruptcy | Sharon Price John
You're thinking, oh, that heart stuff, that works for companies like Build-A-Bear.
TED Talks Daily
The question that saved my company from bankruptcy | Sharon Price John
But there's no way starting with heart can be more important than just being smart when it comes to turnarounds and business.
TED Talks Daily
The question that saved my company from bankruptcy | Sharon Price John
Okay, I'll give you that.
TED Talks Daily
The question that saved my company from bankruptcy | Sharon Price John
But I'm going to submit a quote to you, widely attributed to Theodore Roosevelt, the 26th president of the United States.
TED Talks Daily
The question that saved my company from bankruptcy | Sharon Price John
Nobody cares how much you know until they know how much you care.
TED Talks Daily
The question that saved my company from bankruptcy | Sharon Price John
Really, no matter how brilliant you are, what your big idea is, your financial acumen,