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Guinea Pigs

Why Pigs get fat and hogs get slaughtered?


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March 21, 2011 4:59AM

But before you embark on your journey to the riches, think about this:

Pigs get fat, hogs get slaughtered

It pays to be greedy, but not too greedy or else you'll get in trouble. If you get too greedy like a hog, you can end up loosing it all.

For example, when my business partner and I started Crazy Egg we could have sold it for around 6 million to one of the top Internet companies. We were a bit greedy at the time and wanted no less than 10 million dollars.

At this time the company had been around for a year and it wasn't even bring in $20,000 a month. On top of that we were losing money because our costs were higher than our revenue.

We should have been grateful that someone wanted to give us that kind of money, and accepted the offer. If you analyze the numbers, we weren't even worth 6 million. If we took the 6 million at the time, we would have been happy pigs, but instead both my business partner and I wanted to be hogs.

Now that 6 million dollar blunder wasn't even the worst mistake I made, but we won't get into that right now. So in hopes that you won't make mistakes revolved around greed, here are some things you should know if you plan on owning a business: