14 Turning Points that Sparked Massive Growth

PROFIT 500 alumni share the single tactic or decision that made all the difference to their success

Written by As told to Jim McElgunn

In business, a single moment can change everything. A decision, action or external occurrence can transform a company’s entire trajectory. Sometimes, in a bad way. But other times, with some smarts, vision and a little bit of luck, it can take your firm to a whole new level.

Veterans of the PROFIT 500 ranking of Canada’s Fastest-Growing Companies—the 2014 entry period for which is open until March 31—know a thing or two about the second scenario. And they’ve been all too happy to share what they learned from it. In early 2013, PROFIT senior editor Jim McElgunn asked a cohort of 14 veterans of the PROFIT 500 ranking to share the turning point that changed everything for them. Here are their responses, in no particular order:

Want to add your story to the list? Apply now for the 2014 PROFIT 500. (But hurry; entries close March 31, 2014!)

What single turning point has defined your business? Was it good or bad? Share your thoughts by commenting below.

Originally appeared on