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Archive for the ‘Business’ Category

Back in the mid 1990’s ( The dawn of Internet time), I started a website called http://www.bobsguide.com. Since then it has been extended, rewritten a few times, and is unrecognisable today. I am long since retired, but I thought it would be useful to chart its development and the reasons we made some decisions and not others..

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In part 1 and part 2 I described how we started the business, and the business model. There was at least one opportunity that came up that didn’t go anywhere.

A few years into the project an opportunity came up. A New York based company was in financial difficulties and was for sale. It was quite affordable, in the low six figures, which we could manage. I was keen on us taking it further,

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Lat week my wife’s desktop Outlook stopped working. It wouldn’t even start in safe mode. All the fixes we found on the web didn’t solve the problem. So the obvious solution was uninstall it and reinstall it. All our data is replicated on Outlook.com, so it would get downloaded from the Outlook server and she would be back in business.

We went into the control panel apps page. Because Outlook is part of Office 365 we ran the Office 365 uninstall and install programs. This didn’t solve the problem. OK – no problem we can just install Outlook as a stand-alone. This worked fine, the mails were all downloaded and we were back to normal.

Except we weren’t.

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Most tech start-ups have a life cycle that reaches a point where the original investors and founder want to realise the value of the company by selling it to a larger concern. This is often a good thing because the skills needed to start a business are often not appropriate for a medium or large company. There are obvious exceptions!

But do you sell the company or sell the business? And what is the difference?

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