Cavet Emptor
Hi Reno Funders
Whilst I am all for thinking big, to consider yourself in the same realm as Gates and Zuckerberg and think your activities will be even bigger, is a little naïve and childish to say the least.
As MTR has indicated the comparison is chalk and cheese. You cannot even begin to compare what you propose with the scale of replicating something such as software or (anti) social media where the work is done once and the sales/use and viral marketing continue whether the founder is awake or asleep or drinking out of a coconut under a tropical palm tree.
Whilst your posts to date have been polite and you are welcoming feedback and critical thoughts and questions, the fact that you lack experience (by your admission) is concerning.
As you are seeking to use other people's money to fund your learning curve, I have some questions.
Who will superintend the project management?
What contingencies will you build in to the renovation costs?
How are your feasibilities structured?
What types of insurance(s) will you have in place?
You claim to only take a cut above a certain level of profit, however don't outline what happens to the investor who through transaction costs experiences slippage beyond the nominal gain that may be made thereby negating any profit, or indeed manifesting a loss. What guarantee do your prospective clients have that they will not make a loss by utilising your services and tradies?
The economies of scale you suggest, in the absence of experience in pulling off a successful renovation or the threat you claim to pose to existing renovation/investment companies is waving yellow flags.
To this end, if you want to be taken seriously and with a more trusting light that you actually know what you are doing, you need to answer the questions above and advise of what happens when the exits don't go to plan. Expect he best however plan for the worst..........................
Look forward to hearing your replies.
