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"JOKE OF THE MONTH" The rules are simple to win: No "xxx" jokes, sorry. Kit Menkin cannot win (relatives, friends and employees can enter and win). Please note, if in the decision of the judges there is no "best" joke, a previous month may be included, and like in horseshoes, there are no ties. Winners of previous months can also win a second or third time - There is no limit. Please
send me your favorite joke. The first one to send it, not only gets the credit,
but a good bottle of wine or a box of chocolates (the winners choice). Winner
for
October
October
Contest Winner for Joke of the Month His prize: He did not want wine or chocolate, but to have lunch with Kit Menkin. (please no cracks that is the second place prize.) "Non-Violent Solution" To
the Taliban from the American people: About Our Winner
After the sale of Pacific Western Bank to Comerica, where he was the executive
vice-president, Farley Gouner became an investor. He spent most of his
time on the computer. Basically from 1991 to 1999, he was a real stock
trader on the internet. He was very successful. In July, 1999 he decided to get out of the stock market, as he saw it was going to have many problems. He became bored, did not want to go back into banking, as he said it had changed too much. In looking around for a business to buy, he decided to utilize his past lending skills with analytical skills and become a business broker, joining Business Team, the oldest and largest independent business brokerage firm in California. Several such investors as himself worked there as they were also looking for companies to invest in or buy. Business Team at this time represents +300 companies for sale, spread over 40 or more agents in seven offices in Northern California. How does he find business today: "tough-although I just represented both buyer and seller and closed the largest deal for this company in 2001. It took 21 months to accomplish from start to finish...finding a bank to finance a buyer even with fifty percent cash down was next to impossible." How do you see the next 12 months? "Tougher." When is the best time to sell a business? "On the upswing; when market conditions are in your favor--most business owners sell when business and/or health is slowing and they've run out of energy to go to the next level of sales and income." When is the best time to buy a business?" When business owners run out of energy and want to sell because of this or their health. The next 12 months will be good for buyers." Farley is still active on the computer, does some gardening for his hobby and likes to spend as much time as he can with his wife Suzie, who he has been married for 34 years. They have two children, Brandon and Scott, 25 and 21. He says they are both employed and he is very proud of them.
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