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New Networking Business Forum for Tampa Bay Area Launched - TampaConnect.Biz provides a networking forum for Tampa Bay business leaders, business students, and entrepreneurs, and is a great place to look for new recruits
New Networking Business Forum for Tampa Bay Area Launched

 

PRZOOM - /newswire/ - Tampa, FL, United States, 2007/03/27 - TampaConnect.Biz provides a networking forum for Tampa Bay business leaders, business students, and entrepreneurs, and is a great place to look for new recruits.

   
 
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Tampa-based OSI, better known as Outback Steakhouse is being bought out. For how much? Well, the co-founders of OSI, Robert Basham, Chris Sullivan, and Timothy Gannon are receiving a combined amount of $325,000,000 for the buyout. Basham is to receive $176 million, $73 million of which will be in cash and the rest a combination of current OSI stock, stock in the company once it is private, and an annual management fee. Sullivan is to receive $101 million, $27 million of which is cash, and Gannon is due $48 million of which $35.7 million will be paid in cash. Usually, owners make a lot of money when a company goes public, but the founders of OSI prove that the reverse is true as well, and you can make a whole lot of money going private if you are a successful company.

I'm not a big fan of opening a restaurant as a startup, but the co-founders of OSI did it right, and they've been very successful because of it.

The takeaway from this is that Tampa is a great place to start a business, and if you have an idea that you think could turn into a profitable business, you should pursue it. Tampa has many resources to help small businesses and startups get on their feet. Tampa is also home to the University of South Florida which is a hotbed of talent and intellect for new companies looking to hire. OSI hires many of its recruits from USF and even some of its senior level executives graduated from USF. A great place to look for talent in the Tampa Bay area is on TampaConnect.Biz.

TampaConnect.Biz is a social network for the Tampa business community and is also home to many local MBA's and entrepreneurs. Anyone looking for a partner to build a business with or just looking for good employees should start looking there.

 
 
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New Networking Business Forum for Tampa Bay Area Launched

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Contact: Jay Taylor - TampaConnect.biz 
813-907-3238 jaytaylor[.]tampaconnect.biz
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any TampaConnect.Biz securities in any jurisdiction including any other companies listed or named in this release.

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