Showing posts with label selling a business. Show all posts
Showing posts with label selling a business. Show all posts

Friday, December 18, 2009

Couldn't be Closer to Closing

I never like to go more than a week without blogging. Need to keep regularity in my life and those of my readers. But this week, things really started heating up with the sale of my Internet company.

Its been an emotional roller coaster like you wouldn't believe. The CEO wants to stay on, then he doesn't, then he wants to consult. My senior IT guy doesn't like the Non-Compete contract. The buyers are throwing deadlines at us. People are making promises that aren't being kept. OhMyGoshness . . .

I now have to deal with my closest colleague who is purporting something that isn't. Excuse the vagueness, but these are very confidential and touchy proceedings and I don't want to disclose anything I shouldn't be. It's the nature of the beast. You should be satisfied that you are getting this much. After everything is all said and done, I'll provide you with some of the juicy details.

But my philosophy continues to be - take the high road. Fore go some cash, add on some risk . . . whatever. If my mind is free of negativity its worth it.

The good news is that I was told today that we have a very good chance of closing before Xmas and what a Merry Christmas (even though I'm Jewish) it could be this year. Mazel Tov Jesus!

Wednesday, November 25, 2009

Anticipation

I can't help it if I'm an optimistic kind of guy. Everything, it seems to me, has an upside and a downside (well almost anything). So I always try to find that good piece and focus on that when presented with a situation.

Latey, for instance, I've been on pins and needles about my Internet company. Well its not all mine, but I am the founder and I own the biggest chunk. Anyway, we have a buyer. But we've had this buyer for going on 13 months. Its amazing how these things can get dragged out. If I hear the phrase "due diligence" one more time, I think I'll have a conniption.

At the present time, we are in the home stretch. We've leaped many a hurdle. We are suppose to close on December 4th. But as everyone seems to take great pleasure in reminding me, many things can still go wrong. So what am I suppose to do. I'm not a good multiplexer, so its hard for me to start my next projects - real estate and another book. I do keep my poker learning web site current and updated, however. But its very hard to concentrate when this huge milestone in my life is dangling in front of me, drifting in and out of sight.

But I found the silver lining - enjoy the state of anticipation. It is, after all, a great feeling - often surpassing the thrill of the thing actually happening. Its just a hard concept to get your arms around. So I've meditated on past good things that have happened to me and tried to recreate my emotions prior to the consummation of said event. My conclusion is that its all about the dream. Whether it happens or not (I shouldn't say that - it is going to happen), I think about the travel I'll be doing with my wife, I get excited about playing in some big poker tournaments, I look forward to spending more time with my eldest two daughters, about getting an RV and heading to Canada, about studying the real estate market and making some super shrewd investments. This makes me happy. I've had some happy days just anticipating. Even if it doesn't happen (knock on wood), I have accomplished a very important thing in just being happy for a period of time. After all, happiness and contentment is a state of mind. The richest person in the world can be miserable, while a poverty stricken Chilean can be ecstatic.

This method of thinking about the world suits me. That's why I play poker, especially poker tournaments. I may not make the money time after time, but each time I miss I know it will make that eventual win that much sweeter.

By the way, I am also anticipating a great Thanksgiving this year. Most of my family seem to be getting together for a few days. Hope you have a good one too. Pleasant thoughts to all.