Bad and Good Business Decisions

I watched last Sunday's 60 Minutes interview with JK Rowling. She said four or five publishers turned Harry Potter down, as well as a few others before Bloomsbury picked it up.

Guess those publishing house which turned Harry Potter down are totally kicking themselves today.

I found this on the Yahoo UK & Ireland site.

""On the basis of sales of 'Harry Potter and The Order of the Phoenix' to the UK and international booktrade for the launch at one minute past midnight tonight, the board of Bloomsbury now expects that its pre-tax, pre-goodwill profit for the year ended 31 December 2003 will be not less than 15 million pounds," the publisher said. "