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bobrob

01/07/13 10:27 AM

#18854 RE: smakkdaddy #18852

Smak. I understand how you can get very frustrated with the slow progress of Viper but it is the rule rather than the exeption for a new project to progress to profitablility. Don't lose heart with Viper. I am including an excerpt of an article on this topic and the site if you want the whole article.

How Long Does It Take To Become Profitable?


Ahhh… the dream of jumping off of the corporate bandwagon and running after the golden city that is entrepreneurship. Isn’t it comforting knowing that if you only had the courage to follow your passion, you’d be rich, popular, and successful?
Well, that’s a bunch of bull…

Being profitable takes a lot longer than you think
Learning to run a profitable business is tough and takes an enormous amount of time, determination, and chutzpah! After almost 2 years, my company is only now beginning to be profitable (how’s that for transparent). You know what? Most companies don’t see a profit for the first 3 – 5 years. That’s the average.
If you aren’t in it for the long haul, you will fail. We are used to seeing successful entrepreneurs and assume that it only took a year or less for them to get there. 99% of the time these entrepreneurs spent years of working their #$$ off to get into that position.
If you make it big quick, great! But as history shows, don’t expect your business to soar before it even has wings.

http://www.entrepeneuriadeals.com/2011/03/how-long-does-it-take-to-become-profitable/


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bobrob

01/07/13 10:36 AM

#18855 RE: smakkdaddy #18852

Smak. I realize that Viper is not new company but considering that Farid has only taken over as CEO several years ago and the current projects have only been started in the last year I think that Viper has made remarkable progress all things considered. I have stared five different corporations and understand clearly how long and difficult it is. Give it a while and you won't regret it.
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br0ke-n00b

01/07/13 11:18 PM

#18886 RE: smakkdaddy #18852

More Sales is definitely in order but the drop in tier of Pinkies is a bit scary to me. Shareholders were told they would get audited financials and then VPER downgrades.