1. Returning to its roots.
- Author
-
Sauer, Patrick J.
- Subjects
- *
BUSINESS planning - Abstract
The article analyzes the effect of the decision of Russell Straub, founder and CEO of LoanBright, an Evergreen, Colorado-based company which generates sales leads for mortgage lenders and brokers, and his management team to take the company downmarket. LoanBright is said to have grown too fast for its own good, losing money for nine consecutive months which forced the company to lay off employees. In February 2007, LoanBright had its first profitable month in two years.
- Published
- 2007