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Home arrow News arrow Journal arrow 7/16/2006, Day 30: Hard Decisions
7/16/2006, Day 30: Hard Decisions PDF Print E-mail
Written by Remi Frazier   
Saturday, 15 July 2006

Day 28 came and went without an offer...as did Day 29.  Day 30 was a Saturday, not the kind of day you expect most businesses to make a million dollar purchase.

And so it became time to make some hard decisions.  Without an offer on the table, it was time to evaluate my next step.  I'd identified several contingencies for this case over the week, but felt that the obvious ones betrayed the spirit of this project:

If I stayed in NYC to continue building the business further, it would ruin the entire purpose of the project.  One extra week would become two, two weeks become four, a month become a year... The real function of the time limit was to prevent me from losing the social message about people helping people...if I made this thing a five-year business endeavor, the social message would become marginalized.  The level of work I've had to put into the business over the last week has already distanced me further from my social effort than I would like.

On the other hand, if I called the whole thing a wash, dropped it, and left NYC, I'd be throwing away all the work that my dedicated volunteer staff has done over the last month as well as the faith of the various donors and sponsors for the project.  And that would also be a betrayal of the social message of this whole project.  The people working for me have all done so without any expectation of return; the sponsors have donated without seeking repayment of any kind; the donors have all actively sought me out to send money to support the social project, not the business.  Even though they'd permit me to, I can't justify discarding all this goodwill without at least giving the business idea a chance to fly.

I still think we've built a business proposition worth more than a million dollars here.  The only reason it didn't sell in the thirty days of the project was because of the time constraints (a problem I anticipated) and the discovery that it's contrary to the business strategies of the customers I targeted to sell it to (a problem I failed to consider).  And, we're done building the business.  There'll be a few administrative things to handle (verifying banking info, etc), but the product I want to sell (the Mantool concept and brand) is complete.

And I want to give the Mantool idea the opportunity to fly somewhere.  Maybe as the market-dominating business it could be, but also maybe as an artistic piece that hold at its root a positive message about the power of individuals.  Or maybe the legacy of the Mantool will be in convincing other multitool manufacturers to follow suit and produce customized tools that really meet the needs of people who work with their hands every day.

Or maybe I just want to prove that it's worth more than the $100 I came out here with.  And where do Americans go to sell something if they can't find a marketplace near them?


So, tonight I put the Mantool concept up for sale on Ebay, at about 9pm on Day Saturday, July 15.  The auction will run for one week.

And I'll stay in NYC for that week and do whatever I can to support the auction, because if I'm going to kick my chick out of the nest, I'm inclined to do what I can to help it fly.  And we'll see where our baby lands by July 22.

And that'll be the end of it.

And that's a compromise I can live with.



(Additional comments, notes, etc will start to flow forth tomorrow; meanwhile, this month has ended like it started:  Sleep in combat shifts if at all, too much coffee, and a light heart.  Good night.)

Last Updated ( Monday, 17 July 2006 )
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