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kingpin
Now the VOA special English program:words and their stories
There are many terms in the words of business, the following story is about sweetheart deal which I made last year,I made a deal with my friend,and we both made a profit,I have 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 nonationaly for the quality of the sign,It was not making millions dollars in profits,and It was private,It was not public company with shares traded on the stock market,still I worked hard building up my business, I didn't work on a few hours each day,no bank'hours for me.instead I spended many hours each day,seven days a week,trying to grow the company,I never cut corners,or try to save the expenses,I made many cold calls.I called unpossible buyers from list people I never seen,Such calls were often hard selt,I had to be very firm,
Sometimes I sold my sign on the loss,I did not make money on profuct,when this happened, there were cut backs,I had to use few supplies,and reduced the number of workers,
But after several years,the company broken even,profit was equal with expenses,And soon after,I began to gain ground,My signs were seeling quickly,they were selling like hot cakes,I was happy,The company was moving forword and making real profits,It was in the black,not in the red,The company was making money,not lossing it,
My friend knew 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 to public,he wanted to sell shares in the company to the general public,My friend believe it is best to strike while the iron is hot,He wanted to take action at best time possible,and not wait,He offer me a ball park estimate,as the amount he would pay, to buy my company,But I know his unedrecated guess was low,My company was worth much more,He asked his bean accounter to crunch the numbers,That is he ask his accounters to take a close look at the finance of my company,and decide how much it is worth,then my friend increase his offer,My friends officals offer with finally giving to me in blacking white
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