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How I Sold My Business: a personal diary Paperback – February 3, 2014
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About the Author
Alvin J. Alexander earned a B.S. degree in Aerospace Engineering from Texas A&M University. He worked on NASA and DoD projects before learning that he liked computer programming more than engineering. He created his own software consulting firm, built it for ten years, then sold it, “retired”, and moved to Alaska. He returned to the “Lower 48” in 2011, and in 2013 he wrote the five-star rated Scala Cookbook for O’Reilly Media. He now runs two companies, Valley Programming, and the nonprofit Zen Foundation.
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But maybe that gives a clue as to why this diary WORKS. The author is burned out, working 60+ hours a week, and he has sold big chunks of his company to employees. He ends up listing the company with a business broker for a couple of years, and then a couple of extensions, his wife (who he works with) and he separate, and yet he describes their relationship as better than the one he has with one of his co-owners. Emily Litella used to whine, "If it's not one thing, it's another" but in this case, if it's not one thing, it's two. And yet the author is upbeat while I am exceriencing vicarious frustration over everything that's happening. And at this point, we're only 40% through the book. What else can happen?
I don't want to spoil things by saying more about the rest of the book. I will say that I chose to read this while watching the NCAA "March Madness", figuring to read during the commercials, and watching the game, and I miscalculated - I kept on reading when the commercials ended, the book being more compelling than what were fairly exciting games. (When I realized what was happening, I clicked the TiVO to record the games.) Booking on business aren't supposed to be this interesting; you're supposed to get suspense and drama from a Robert Parker novel! And the suspense is even more surprising when the title of the book says he ended up selling the business.
You don't have to be particularly interested in business to enjoy this book - and if, like me, you've sold more than one business, you'll enjoy it even more. Make yourself a BIG bowl of popcorn, and fill an ice chest with ice and your favorite beverage, setting them both next to your favorite chair; you won't want to make any trips to the kitchen while devouring this book.
Some other insightful information in the book I found was related to how the author had structured his consulting company.
who know other's owning a business, and all that they have to keep in mind. An enjoyable book. So if you made it this far to read a comment on it, then buy the book you will be glad you did.
The second part is almost Shakespearian in the amount of drama and back fighting that concludes with the author and his business partners.
I'm not sure if I liked this book, but it definitely caused me to strongly considered who I partner with in business.
The author also illustrates the perils of having your wife working in your business. There is also a well documented meltdown of what happens when you don't allow a work/life balance while operating a small business.