Facebook tells me that I found this quote by Janis Ian back in 2014. Still seems like a good idea. :)
“Deliver to the world what you would buy if you were on the other end.”
~ Charlie Munger
So much happened in our business in the years 2000 through 2002, I could easily write a separate book about everything we did to survive. If the first few years of business were at the “easy” end of the spectrum, these years were way, way over at the “difficult” end. I’m glad to say we survived the dot-com bust, and then survived the bad business environment that followed the events of September 11, 2001. By mid-2002 I considered us fortunate to still have the same fifteen full-time employees. We didn't have to lay anyone off, and nobody left the company.
Fast-forward from that time until just before the dot-com bust in 2000, and life was good. Our business had grown, and we now had fifteen full-time employees, a few part-time contractors, and sales over $2M for the last few years. Our biggest problem was still trying to retain our employees, and find the next good employee (or two) who could lead projects and help grow the business to over twenty people.
I read some books about the legal process of starting a company, talked to a few local accountants and business attorneys I found in the Yellow Pages, and started my new business from the basement of my house. I got a business phone line, had some business cards made, created some business stationery, learned how to use QuickBooks, learned a little more about accounting than I already knew (I started off as a business major in college), called some old contacts, and I was in business.
Before jumping into the diary, there is some essential background material that I need to cover to help provide some context for the diary itself. I'll cover only the items that I think are essential to your understanding the diary.
After receiving a letter in the mail one day in the fall of 2002, I made a decision to investigate the selling of my company, a business I originally founded in 1994.
Once I made the decision to try to sell the company, I did what I normally do when it comes to big decisions -- a lot of research. While I normally like to talk to as many people as I can about important business decisions, in this case I couldn't talk to anyone, so I bought several books and searched online for all the information I could find related to the process of selling a business.
I’ve been looking into Twitter’s stock lately to see if it seems like more of a Buy or Sell opportunity. The financials are so limited that I can’t make an educated decision that way. For instance, there is no “P/E” because there is no “E.” So I consider it more of a gamble than an investment.
Good notes on why one business might buy another business, from the loop.