Well, in December 2007, we bought a business in partnership with my brother. The previous owner had been trying to wind it up because he couldn't sell it; so not a particularly good way to start out, but maybe the only way we could. We brought my brother Peter over from Australia to help us run the business and quickly set up a room in the garage for him. We also had to change banks as our bank wouldn't lend us the money. During the few days between the public holidays in December and January, we moved the business to another warehouse. This is Ben (our nephew - Richard's son) and Garry in the new warehouse. It is still a little untidy! We are now fazing out some of the gift lines and working to increase the main product lines. This past year has given us a couple of good months; Garry has been to China in October 2008 to source new products or new suppliers for current products. That was interesting experience! Pete finished up at the end of December and is now doing some work for the company that our brother Paul works for, so Garry is on his own. The children and I help out a little as we can.
Saturday, 17 January 2009
Buying a business
Well, in December 2007, we bought a business in partnership with my brother. The previous owner had been trying to wind it up because he couldn't sell it; so not a particularly good way to start out, but maybe the only way we could. We brought my brother Peter over from Australia to help us run the business and quickly set up a room in the garage for him. We also had to change banks as our bank wouldn't lend us the money. During the few days between the public holidays in December and January, we moved the business to another warehouse. This is Ben (our nephew - Richard's son) and Garry in the new warehouse. It is still a little untidy! We are now fazing out some of the gift lines and working to increase the main product lines. This past year has given us a couple of good months; Garry has been to China in October 2008 to source new products or new suppliers for current products. That was interesting experience! Pete finished up at the end of December and is now doing some work for the company that our brother Paul works for, so Garry is on his own. The children and I help out a little as we can.
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