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October 24, 2006

Its official I turned down free money

Well its official, I turned down $20,000 in free grant money from the government.

Sounds strange don't it? I'm sure that the lady who was working my claim thought I was just a little crazy. And I'm sure that she was a bit disapointed that I gave up on the money. I think she also felt bad for me that I lost so much, then to turn down the grant.

But I din't think I could handle the strings attached. One major string was a time limit on spending the money. It would be ok if I was stocking new books and could just call up an account rep to order more, but because of the kinds of books I have listed and what I want to continue to stock, I need to research my purchase decisions and that takes time. I just can't spend that kind of money in the time limit they gave.

I made the mistake of buying everything I could get my hands early on. And because of that there were books that even after dropping the price by over 2/3 and giving sales ontop, they still sat in inventory 6 years later.

This was one of the toughest decisions I've had to make sense I started selling on-line in late 1998.

Posted by derstaffo at October 24, 2006 11:17 PM

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