"Interestingly, koi, when put in a fish bowl, will only grow up to three inches. When this same fish is placed in a large tank, it will grow to about nine inches long. In a pond koi can reach lengths of eighteen inches. Amazingly, when placed in a lake, koi can grow to three feet long. The metaphor is obvious. You are limited by how you see the world."
-- Vince Poscente

Wednesday, January 28, 2009

Important Questions When Buying A Business

Looking to buy a business? If you are going to invest your time, money and effort, the most important consideration is: DO YOU LIKE THE BUSINESS? DOES IT HOLD YOUR INTEREST? DO YOU LIKE INTERACTING WITH THE CUSTOMERS? IS IT AN ENVIRONMENT WHICH YOU WOULD ENJOY SPENDING A GREAT PART OF EACH DAY? CAN YOU RELATE TO THE EMPLOYEES? DO YOU HAVE A VISION FOR GROWTH OF THE BUSINESS OR ITS RELATED INDUSTRY? In my opinion these questions trump all financial considerations as a "no" to any ONE should mean take a pass on that business.

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Son Isaac on Camel in Tangiers

Son Isaac on Camel in Tangiers
"Sometimes your only available transportation is a leap of faith."-- Margaret Shepard