8/17/10

BUSINESS OWNER STORY ENTREPRENEUR SELLS TWO BOARD GAMES FOR $24M


"Fact or Crap'' and "Battle of the Sexes" were the two biggest board game in Australia that ENTREPRENEUR Shane Yeend sold to a Canadian toy company Spinmaster. The deal involves earnings covering the next 18 years. This is the first cardboard games that have been developed for $24 million. Yeend can get a lot of money from selling these cardboard games. He said that it was the first time that he got in a business game. He was budgeting for 10 per cent growth in the games business over the next 12 months but his company is having problem with the bank. In the past he wanted the sell the company but could not because of the financial crisis. He was named Australian Entrepreneur in 2007 and receives export awards for his Adelaide Company.

In my opinion, Shane Yeend is a hard worker who tries to build his business to become successful. He had to solve many problems during the financial crisis but he finally sold his company to a Canadian company with earnings for next 18 years.

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