Monday, December 18, 2006 11:05:49 AM
The first point is that the property appears to have been purchased by a LLC. I think it was Fairwayiron on RB who pointed out that both JR & JS are investors in that entity. If that is still true, i.e., he hasn't sold his share, then Rivera is part owner of the building. As I pointed out in an earlier post, it doesn't necesssarily matter who owns the building so long as the rent and facilities are reasonable. In fact, it often pays to be on really good terms with your landlord.
The second point is, I believe, a reference to my suggestion to hire a "suit". I certainly didn't mean to imply that he turn over control of his baby to an incompetent. The suggestion I made was to hire a competent manager to worry about the details of day-to-day operation, interface with the public in perhaps a less enthusiastic, but more careful phraseology, and allow the founder and inventor, still the controller of the company's destiny in more ways than one, to concentrate on the big picture - the dream you mentioned - and on R & D, which is usually their real love. That does NOT mean turning over control. It means letting someone who is trained in and enjoys management - selecting a vendor to handle payroll or setting up a deparment, directing the purchase of office supplies, chemicals, beans/corn, etc., negotiating with future customers, and so forth.
That type of person "ran" my company so that I was free to do the part I liked and didn't have to worry about describing what was on the drawing board rather than what was in production. I still decided what we did and when we did it, I just didn't have to do the dog work. When what I wanted was beyond the state of the art, I had to figure out how to implement it, the fun part, because manager types tend to think inside the box, whereas inventers aren't aware there IS a box. I think its called "division of labor".
Dino
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