One more thing. I don't agree with your definitions per se'. We all have businesses. A proprietorship is a TYPE of business. We are a proprietorship because I'm not incorporated (incorporating is over rated and expensive to do right). I'm still a business though....
http://en.wikipedia.org/wiki/Business http://en.wikipedia.org/wiki/Sole_proprietorship http://en.wikipedia.org/wiki/Asset marlon ----- Original Message ----- From: "Charles Wu" <[email protected]> To: "WISPA General List" <[email protected]> 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 =) > > -Charles > > > > > > -------------------------------------------------------------------------------- > WISPA Wants You! Join today! > http://signup.wispa.org/ > -------------------------------------------------------------------------------- > > WISPA Wireless List: [email protected] > > 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: [email protected] Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
