How I Saved My Company: Sea Lake Yacht Sales

Two years ago, Vince Morvillo, who owns Sea Lake Yacht Sales, a dealership in Houston, was hit by a dramatic one-two punch. First, Hurricane Ike, a Category 4 storm, struck Texas, doing terrible damage. At a time like that, said Mr. Morvillo, β€œthe thought of buying a yacht is pretty low on the priority list.” And then came the recession.

Please watch the video below to see how Sea Lake, which was founded in 1985 and has 18 employees, managed to survive its own perfect storm. (Would you like to share your own survival story? Tell us.)

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