| Nov. 21 2008 at 10:12 AM |
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I've been pondering this for a couple of weeks now. I recently had someone state to me that everything is for sale, for the right price. I quickly answered that there are some things that are just worth more than their monetary value and therefore, no value can be placed on them. I know I have some possessions that for different reasons are worth way more to me than they could ever be to anyone else.
I was then asked if I was saying that for the right price, I would not sell my business? I still argued that at this point in time, I would not. They continued on with, if I had an offer today for say, 3 million dollars, I still wouldn't sell?
Hmmm, 3 million dollars is a lot of money. . .what would I do. I am having to much fun with what I do, this is my baby, it has my name on it. I'm not sure I would let it go, I know I don't want to, but, 3 mil is a lot. . .
So, what would you do? What do you think, is everything for sale for the right amount. Is there always an amount that you will sell out on anything?
The DipLady . . .
Pam's Pantry . . .
www.pamspantry.net
Vote for me in the StartupNation Home Based 100
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| Nov. 22 2008 at 9:50 PM |
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As far as the stuff I own goes, I would part with any of it if the price was right. But then, I learned a long time ago to hold lightly to "things" because they can be, and are, taken away rather easily. If the price is high enough, they can be replaced.
There are a great many things I wouldn't do for any amount of money, however. Money cannot change the memories I have to live with or my self-respect... if those things get out of whack, they can't be replaced.
—paula 
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| Nov. 22 2008 at 10:26 PM |
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The truly important things can't be sold because they can't be held, bartered or traded.
The rest is merely a matter of opportunity costs. And your 3 mil gives you a lot of opportunity to do something else ... I'd be surprised if many here are a "one trick pony" and this would give you a chance to expand those parts of you which are naturally constrained by the limits of your current brand.
(where as the person buying "you" is doing so because they have nothing else of greater value for their money; they can exploit, expand and enhance their acquisition, but they can not create beyond the bit which they bought ... so it had better be mature when it's plucked!~)
These questions always remind me of a joke about a man who asks a lady at a bar, "would you sleep with me for a million dollars?" She agrees; to which he replies, "will you sleep with me for a hundred bucks?" Taken back, she goes, "what do you take me for, a whore?" He smiles, and says, "we've already established that, now we're just haggling over price."
Chris Miller, a simple taco maker.
Tiger Taco , Nice Taco Blog
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| Nov. 23 2008 at 10:58 AM |
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Hi Pam,
I know you how you feel....I bought out my original investors in 2006 thinking that this is it, I have 100% of my company now and will soar to new heights....
Three months later, when I least expected it, I met a former TV executive who was interested in buying my company....the money certainly had a lot to do with it - I won't lie....but it also made a BIG difference who I would be working with going forward....
Needless to say, the relationship has been great and it is nearly a year since I closed on my sale and I NEVER looked back once....
Chris is right - look at the opportunities you have and see what you must do to get there.....
Best of luck on your journey....
- Andrew
AndrewHazen.com
PrimeVisibility.com
InternetIdeas.net
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| Nov. 23 2008 at 12:59 PM |
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It is correct, everything is for sale, if you chose it to be. Clearly, you need to decide what is the correct path for your business and personal lives. It sometimes is difficult to determine which roadmap you should be navigating.
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| Nov. 24 2008 at 2:21 PM |
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Thanks, I agree with all. I hope everyone understood it was a hypothetical question. We didn't have an offer, it was just in conversation as the person was trying to impress upon me that for the right amout of money, I would sell out!. . .LOL
I was just curious if any one else's business was probably worth more to them than others and if you are truly having fun with it. It was just something that made me really stop and think.
I also have items that have a lot of sentimental value and will forever cherish these items. They have no dollar value, except to me.
Things are things, they can be gained or lost but in the end, they are just things.
Chris, great story there in the bar!
The DipLady . . .
Pam's Pantry . . .
www.pamspantry.net
Vote for me in the StartupNation Home Based 100
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| Dec. 04 2008 at 11:43 PM |
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If you grow your business.... that makes it worth 3 million, or more, you might look at it differently, if you're ready to retire. It might just make you happy, that it's worth that. :) And, that you did such a great job in succeeding in making your biz such a success!
Janie
Edited by: houseofjerkyjanie - Dec. 04 2008 at 11:45 PMBeef Jerky,
Buffalo Jerky |
Venison Jerky |
Turkey Jerky
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