(Part 1 of 4)
Once upon a time a company was formed under the name of the Scroungess Corporation (SC). Many of those who started SC invested their personal money, loaned their personal money, donated their time, and on occasion and without reimbursement, gave of their personal financial resources help the company get on its feet. The purpose of the Scroungess Corporation was to build a website that provided an environment where the shareholders could promote and increase the value of their individually owned businesses. Each shareholder business paid a small royalty to SC annually that covered the cost of maintaining the website.
The stockholders in SC were pleased that the company had written Articles of Incorporation limiting the amount of debt the company could take on and those written documents provided for open and honest accounting to the shareholders. The Articles of Incorporation allowed for the company to change important policies only if they obtained a majority vote of the shareholders. The shareholders knew that they were safe in their investment and knew that their children and grandchildren would benefit greatly from the increased value of the stocks that they owned and the businesses they were building. Their belief in the success of their financial future was primarily based on the knowledge that they had a powerful and direct influence on any policy changes for the company.
The shareholders elected a president and board of directors so they could spend their time pursuing the growth of their businesses and the enjoyment of life with their families and not find themselves involved in making day-to-day decisions regarding SC. One fateful day an event took place that changed everything.
The president and board of directors held a search for a bookkeeper. They interviewed three bookkeepers and the interviews went like this. Bookkeeper #1 entered the interview room and was asked the following question, "What is 2 plus 2"? Immediately #1 answered, "Two"!
Bookkeeper #2 entered the room and was asked the same question. After 10 minutes of seriously working on a laptop computer #2 responded, "Absolutely and definitively I can tell you that the answer is, 'Two'".
When Bookkeeper #3 was asked the same question the prospective accountant stood up, walked across the room, closed the door, turned around and asked, "What do you want it to be"? Bookkeeper #3 got the job.
What happened next, the shareholders never anticipated…….. (continued next Thursday)
NEXT: "Our Dream" - (Part 2)
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