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For Focus Magazine
Summer, 1999 Published with permission from FOCUS magazine, Boise State University
Never Too Late To Start Anew
By Judy Grigg Hansen
| Bob Gossett started a new company at age 59, about the
time most people think about retirement. That was 1982. Last year, Gossett led Boise-based Reporting to the MAX Accounting Software including Point of Sale and Non-profit Versions to $4.3 million in sales and projected revenue of $5.5-6 million for this year. It all started with the business failure of the computer manufacturing company where he worked. Three newly unemployed programmers, convinced there was a need for good accounting programs for small businesses, came to Gossett and asked him to start his own company. Gossett liked what he heard and plunged headfirst into the
world of entrepreneurship. The company started without a line of code (the
instructions that tell the computer what to do), no product, nothing. "The first five years were rough. I sold the farm,
literally, to support this business," Gossett says. "I had inherited a farm in
Nampa from my parents and had to sell it to keep Reporting to the MAX going. Developing
software is very expensive." "Hundreds, I suppose thousands of software manufacturers have slipped into never never land. It takes tenacity and a hell of a lot of work."
Gossett graduated from Boise Junior College in 1943, before
many of his competitors in the field of computer software were out of diapers. He took
more classes at BJC in 1944 and 1945 and graduated with a business degree from University
of Idaho in 1947. He also took classes at Monmouth, Purdue and the University of Georgia
while he was in the Naval Air Corps. Now 76, he recently turned the day-to-day operations over to David Bassiri, the newly promoted president, and assumed the title of chief executive officer. |