----- Original Message ----- From: "Charles Wu" <c...@cticonnect.com> To: "WISPA General List" <wireless@wispa.org> Sent: Sunday, May 24, 2009 10:03 PM Subject: Re: [WISPA] Quesiton on Funding / Financing / Capital Availability
> Hi Marlon, > > I think it's appropriate to make a few definitions and distinctions on > things so everyone is on the same page > > Specifically, for purposes of making my point, I define > > Proprietorship: A commercial activity engaged in as a means of livelihood > or profit > > Business: A unique system of processes and procedures that documents and > codifies a specific method of proprietorship > > Asset: cash, inventory, equipment, infrastructure, customer contracts, > brand, marketing, etc > >>Grin. Sure it is. That's what a LOT of small business people do. It's >>also kind of common for doctors, dentists, plumbers etc.... Sometimes it >>sucks, > > Now, everything you stated above is just a method of proprietorship, and > in most cases, from a sale perspective, a proprietorships isn't worth > anything more than the depreciated value of its assets > > Say you were buying out the local plumber's office -- what would he have > of value? His truck? Some old tools? A customer list / brand perhaps > (but the reality of things is that customers do business with him because > of him, and if you bought him out and he moved out of town, those > customers would probably go back to being on the open market) > > Now, in comparing the WISP 'proprietorship' vs. the plumber, it's worth > noting that the WISP is somewhat unique in that it results in the creation > of an independent asset that holds onto a lot of value (e.g., the > recurring revenue and everything that goes to support it); in many ways, > this is akin to real-estate > >>Not >>everyone out there even wants to get that big (if I had a nickle for every >>business owner that's told me the most fun they had and the most money >>they >>made was when it was just them, no employees......) But then again, >>that's >>one of the really cool things about this buisness, it's big enough and >>flexible enough to allow many different business models and operator >>dreams >>to bear fuit! > > True...and you have the added benefit of building an asset that has value > (be happy we're not plumbers =) Agreed. grin One of the great things about our business is that we're NOT normally needed for continued operations. Our value comes in the creation of the system and the customer base. But if something happens to the plumber his income stops. If something happens to me, nothing happens. Almost anyone can come into my network and keep it going with a little bit of ourside consulting help. This is still a fairly unique business. I still haven't convinced the bank of that fact though :-). marlon > > -Charles > > > > > > -------------------------------------------------------------------------------- > WISPA Wants You! Join today! > http://signup.wispa.org/ > -------------------------------------------------------------------------------- > > WISPA Wireless List: wireless@wispa.org > > Subscribe/Unsubscribe: > http://lists.wispa.org/mailman/listinfo/wireless > > Archives: http://lists.wispa.org/pipermail/wireless/ -------------------------------------------------------------------------------- WISPA Wants You! Join today! http://signup.wispa.org/ -------------------------------------------------------------------------------- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
