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[Report] SENEWS-2007-07-29 Report

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homework

Now the VOA special English program words and their stories
there are many special terms in the world of business.The following story is about a sweetheart deal which I made last week.I made the deal with a friend and we both made profits.

I had started a small company several years ago.I worked hard to make it successful.It was a sign making business.It was a small company ,not a blue chip company.It was not known nationally for the quality of the signs.It did not make millions of dollars in profits and it was private.It was not a public company with shares treated on the start market.Still,I worked hard building up my business.I did not work only a few hours each day,no hours for me.Instead ,I spend many hours each day,seven days a week ,try to grow the company.I never cut corners and try to save the expenses.I made many cold calls.I called on the possible buyers from a list of peolple I had never seen.Such calls were often hard sells.I had to be very firm.

Sometimes I sold my signs at a loss.I did not make money on my product.When this happened,there were cut backs.I had to use fewer supplies and reduce a number of workers.But after several years, the company broke even.Profits were equal to expenses.

And soon after ,I began to gain ground.My signs were selling very quickly.they were selling like .I was happy.The company was moving forward and making real progress.It was in the black ,not in the red.The company was making money, not losing it.

My friend knew about my business.He is a leader in the sign making industry.A real big gun, if you know what i mean.He offered to buy my company.My friend wanted to take it public.He wanted to sell in the company to the general public.My friend believe it was best to strike while the air is hard.He wanted to take action at the best time possible and not wait.He offered me the amount he will pay to buy my company.But I knew his uneducated guess was low.My company was worth much more.He asked his counter to the numbers,that is he asked his accountant to take a close look at the fine answer of my companyand decide how much it is worth .Then my friend increased his offer.

My friend official offer was finally given to me in black and white.It was witten on paper and more than I ever dreamt.I was finally able to get a break.I made a huge profit on my company and my friend also got a bank He got a successful business for the money he spent.
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