Archived posting to the Leica Users Group, 2013/07/03
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]On Jul 3, 2013, at 11:16 AM, Jayanand Govindaraj wrote: > The real trick, if adapting to a new paradigm is difficult, is to sell > these businesses before the facts become glaringly apparent, and not be too > greedy about the sale price - all you are doing is maximizing the value of > the goodwill before it plummets to zero. I did exactly that three years ago > with my stock brokerage business after running it for 22 years - if I had > waited till today, I could probably do a deal for 25% of what I got in > 2010. No point getting sentimental about reality and hoping for the best, > it will, in all probability, just get worse. I was a lot better at reading the trends and responding to them as a much younger man. It's why I nurtured the various segments: photography, graphic design and fine art. it's also why I got on the "web work" early. Though I never did any of it for "business" unfortunately. I always did the business for love of the "art work." = dumb Regards, George Lottermoser george at imagist.com http://www.imagist.com http://www.imagist.com/blog http://www.linkedin.com/in/imagist