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cover of Despite initial success 1
Despite initial success 1

Despite initial success 1

Mohd Ayan

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Phil's business selling Tiger Shoes in America was at risk when a wrestling coach claimed exclusive rights. Phil flew to Japan and convinced Onitsuka to stick to their agreement. Sales doubled, but rapid growth led to financial strain. Phil had to use his profits and take loans. He also went back to working as an accountant to invest in the business. Meanwhile, Bauermann kept improving the shoe designs. Despite initial success, a wrestling coach claimed exclusive rights to distribute Tiger Shoes in America, jeopardizing Phil's business. Phil flew to Japan and managed to convince Onitsuka to reaffirm their agreement. Sales doubled in the second year, but rapid growth led to financial strain, forcing Phil to reinvest profits and take loans. With debt mounting, Phil resumed working as an accountant, investing his salary into the business while Bauermann continued refining shoe designs.

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