Friday, February 22, 2008

Would You Buy This Business?

IF you walk around with gold cufflinks because you like to spend your days on the course I doubt your manliness would sucumb tto such a business, but A Web pioneer, this online retailer began selling kitchen and home products--think pot racks and sinks--in 1996. Today, the average order is $310, and at presstime, the founder expected to close 2007 with $12.7 million in revenue and $1.25 million in net income. The company has 22 employees.

What does it cost? $9.9 Million. Drop in the bucket eh?

Why do I bring this up? Inc.com has an article discussin this very business and breaks down the reasoning behind the asking price, buying such a business, and selling such a business. IT is a very intriguing story about the way websites can be bought and sold, and really about what they are worth.

Entrepreneur.com's Top 50 Entrepreneurial Colleges

That's quite a toungue twister isn't it? Entrepreneurial is a toungue twister iteself, especially after following the base for the word. Anyways, going back to college may seem like a long lost dream for most of us who have decided to give up on being an employee and go out into the world as entrepreneurs. Although you may have the passion to go out and be your own boss ther emay just be a few things you need to know. Ever consider just going to college to learn how to run your own business? They don't really teach you that in business school. They teach you how to be employable for the most part. How can you run a business selling Hilton Head rentals with out a background in entrepreurialship (now that is my toungue twister of the day)?

Entrepreneur.com lists the Top 50 Entrepreneuial colleges for you and talks about hwy you woudl want to jump on board with their programs. Great article and very educational.

Hilton Head rentals