Francis Farwell, founder of WinterSilks Inc., a Middleton, Wis., mail-order apparel company, planned to sell his business from the start. Based on that decision, he built the business accordingly. Instead of plowing all his earnings into growth, he made sure the company maintained a sizable free cash flow, making it more attractive to potential buyers. In 1990, Farwell sold out, pocketing several million dollars.
I'm doing these four or five things and I'll probably continue doing them adding one thing, I'll probably spend more time being a writer on business and business sports and environment issues. It won't pay as much but it's interesting. I will continue to be a private investment manager; I will add...(Full transcript available to logged in subscribers.).
Register & Subscribe
Login