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 =)

-Charles





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