How does one buy a company? GONE in 60 seconds

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Comments

  • shirley_basso
    shirley_basso Posts: 6,195
    Not if you get ER mr fish. Tax rules differ over here from Russia.
  • Stevo_666
    Stevo_666 Posts: 61,743
    Robert88 wrote:
    Stevo 666 wrote:
    Mr Goo wrote:

    There's millions of us out here Surrey Comm that like to do a decent days work and keep our heads down. Yes we may complain about our lot. Who doesn't. But when you work for a small successful company and thrown into a tank full of sharks its not nice. I feel desperately sorry for my office and factory based colleagues. They are just ordinary jobbing office workers and semi skilled factory people in a very provincial town. Not in high demand. Their nearest place for job opportunities is 30 to 40 minutes away. Might not seem much to you on a high paid city salary. But when you're low paid it might as well be 30 to 40 hours away as it's not a financially sustainable option. They could have course all go and work in the minimarket or eateries and drinkeeries that take up all the other employment opportunities in the area.
    Goo, you seem to be assuming that all or most of the staff are going to be kicked out. Do you have any evidence for that? (Not liking them is not evidence btw). It makes no logical sense for a company to buy another one to effectively shut down what they have just bought.

    They could do if the order book and intellectual property was worth it, not to mention the removal of a rival.

    It happens rather a lot.
    But it was not in this case.
    I posted my comment above over a year ago. Keep up at the back :wink:
    "I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]
  • mr_goo
    mr_goo Posts: 3,770
    Cheers for the friendly comments.
    A old colleague and I are going to look into kicking off our own little business next year. We're both fed up with working for aggressive bullies in an industry that only promotes that personality trait. Plus our target market is gonna be local so no stupid o'clock to get to meetings and hours sat in traffic (excluding Bournemouth ). Just need to find any full time job in Jan just to keep some finances incoming.
    Always be yourself, unless you can be Aaron Rodgers....Then always be Aaron Rodgers.
  • Pross
    Pross Posts: 43,547
    Good luck, I know a few people who used redundancy as the kickstart to go their own way and none have looked back. I managed to get out of an environment where aggressive bullies were promoted over those who were best at their job. I had to take a bit of a risk financially but it's working out well and it's no longer filling me with dread going to bed on a Sunday evening thinking of the week ahead.
  • mr_goo
    mr_goo Posts: 3,770
    Pross wrote:
    Good luck, I know a few people who used redundancy as the kickstart to go their own way and none have looked back. I managed to get out of an environment where aggressive bullies were promoted over those who were best at their job. I had to take a bit of a risk financially but it's working out well and it's no longer filling me with dread going to bed on a Sunday evening thinking of the week ahead.

    Ta. That Sunday evening dread was just awful. Then getting to Friday and having a feeling of momentary relief. Only for it to repeat again and again. All gone thankfully.
    Always be yourself, unless you can be Aaron Rodgers....Then always be Aaron Rodgers.
  • bianchimoon
    bianchimoon Posts: 3,942
    Mr Goo wrote:
    Cheers for the friendly comments.
    A old colleague and I are going to look into kicking off our own little business next year. We're both fed up with working for aggressive bullies in an industry that only promotes that personality trait. Plus our target market is gonna be local so no stupid o'clock to get to meetings and hours sat in traffic (excluding Bournemouth ). Just need to find any full time job in Jan just to keep some finances incoming.
    Go for it Goo, don’t invest more in it than you can comfortably afford, be sure you and your partner have the same work ethos (or your roles are separate enough so as not to cause friction) that tends to be the biggest cause of failure when two friends set up a business. Good luck!
    All lies and jest..still a man hears what he wants to hear and disregards the rest....
  • robert88
    robert88 Posts: 2,696
    My best wishes too. I spent too long in a job I hated as do many. Unfortunately I am not nearly single-minded enough to be a successful businessman.

    To paraphrase someone. I am too clever to have to sweep the streets but not clever enough to own them.
  • mr_goo
    mr_goo Posts: 3,770
    Robert88 wrote:
    My best wishes too. I spent too long in a job I hated as do many. Unfortunately I am not nearly single-minded enough to be a successful businessman.

    To paraphrase someone. I am too clever to have to sweep the streets but not clever enough to own them.

    I like that quote.
    I'm just going to do something that can work from home. Minimal travel to clients. And will keep the roof over my head, the odd holiday and can be something that I can do semi-retired in 12 odd years time. All wishful thinking.
    Always be yourself, unless you can be Aaron Rodgers....Then always be Aaron Rodgers.
  • slowmart
    slowmart Posts: 4,516
    Goo, best wishes.

    Get your incoming sales right and everything else will follow.
    “Give a man a fish and feed him for a day. Teach a man to fish and feed him for a lifetime. Teach a man to cycle and he will realize fishing is stupid and boring”

    Desmond Tutu
  • rick_chasey
    rick_chasey Posts: 75,660
    Sorry to hear they tinned you. At least you got some recompense. It can often be a blessing in disguise if it means you end up somewhere more suited. Hopefully the pay off can help you be a little pickyer.

    If it’s not public knowledge your ex-firm is going to issue a profit warning might be worth making it a lil less obvious who it is just to be on the safe side.
    _
  • surrey_commuter
    surrey_commuter Posts: 18,867
    Rick Chasey wrote:
    Sorry to hear they tinned you. At least you got some recompense. It can often be a blessing in disguise if it means you end up somewhere more suited. Hopefully the pay off can help you be a little pickyer.

    If it’s not public knowledge your ex-firm is going to issue a profit warning might be worth making it a lil less obvious who it is just to be on the safe side.

    I was hoping he would make it a bit more obvious.

    IANAL but he implied he was in sales and not in a senior executive role which implies he is speculating rather than passing on sensitive information
  • mr_goo
    mr_goo Posts: 3,770
    Surrey Commuter wrote:
    Rick Chasey wrote:
    Sorry to hear they tinned you. At least you got some recompense. It can often be a blessing in disguise if it means you end up somewhere more suited. Hopefully the pay off can help you be a little pickyer.

    If it’s not public knowledge your ex-firm is going to issue a profit warning might be worth making it a lil less obvious who it is just to be on the safe side.

    I was hoping he would make it a bit more obvious.

    IANAL but he implied he was in sales and not in a senior executive role which implies he is speculating rather than passing on sensitive information

    I'm so tempted to drop them in it. But won't as I've not had my settlement yet and obviously cannot verify they really are up s**t creek.
    The fact that every member of various sales teams was told to work from home and tasked with chasing down every quote to get orders in before end of December tells me they're in squeeky bum territory.
    Shares are performing badly too.
    Always be yourself, unless you can be Aaron Rodgers....Then always be Aaron Rodgers.

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