Urgent Advice Required
started this topic @ 23:38 on 04/04/2012
Let me start from the beginning.
Interesting or important topic? Please click "vote topic higher" if you think so.
I posted this business idea on LinkedIn, which I am a member.
Brainstorm - The £1 Business Club
I'm in the process of playing with an idea. The idea is to engage with a market of 1.04m 16 to 25 year old's who are currently out of work.
Develop a business development package that will have the support of mentors and coaches to assist their development through a step by step process. Enabling them to learn new skills in leadership, business planning, strategy and making money!
The objective is to reach out to at least 1% of the aforementioned market and develop nationwide business academies that will assist in their entrepreneurial development.
I've played around even further with reference to funding; I think and many of you may agree this initiative may be considered as an Social Enterprise...but I'm also thinking about investment opportunities and equity schemes that will provide a return of investment for all interested parties.
So...in essence I'm generating a crowd funding initiative, sourcing at least 100,000 initial investors who can afford to invest £1.
100,000 investors will enable me to develop the initial business academy that will service the North West & Midlands that will facilitate Knowledge, mentors and coaches to deliver the appropriate guidance to the initial market...who will be captured via a partnership with the DWP.
£100,000 will also enable the development of a nationwide portal that will engage young entrepreneurs to network and share ideas and form business relations...as well as other initiatives that I'm in the process of developing that will assist the development of their business.
On the premise that the North West & Midlands Business Academy reaches the desired investment of £100,000 with your contribution of £1 or more will earn you an equity stake within the Academy.
On the premise that the Academy engage a person or group of people who have the realisation of being a medium to high growth business opportunity your £1 investment will also entitle you to an equity stake within that business initiative, this (to be negotiated or confirmed) from 5 to 20% - this is determined or based on the monetary value that needs to be injected from the initial £100K from various investors who inject capital into the Business Club Fund (BCF).
Our principal would be that from the £100K raised in each region to offset £50K into small to medium enterprises who would buy into other services that our specially designed portal facilitate; so if you are also a person with designated skills in particular sectors that a new enterprise would benefit from; you would actually double your return of investment, as you would be classified as a trusted associate enabling the new venture to deliver a complete solution.
Should you require further information on this initiative please forward me your contact details.
I approached 20 of my connections in my LinkedIn network delivering the Crowd Funding initiative, to my surprise I have yielded positive results...but this has left me in unknown waters.
2 of my Crowd Funders require an Equity stake within the business - is there a Document that can act as a precursor to a Shareholders Agreement as I'm still in the process of developing content, plans and strategic partners etc.
To demonstrate how things are moving, it was about 5 days ago the above post went live on LinkedIn - funding pledges were made within 48 hours of the CrowdFund initiative.
Any advice would be very much appreciated.
RE: Urgent Advice Required
| 05/04/2012 04:16 PM
Regarding a share holders agreement, if you google for "shareholders agreement template" you should come up with something you can use and adapt for now, pending doing it properly later on.
However I must admit I got very lost when trying to read your post so I am not sure if that was your only question, seems like a lot of post for a simple question!
Your indispensable guide to Small Business Bookkeeping, Self-Assessment & VAT
RE: Urgent Advice Required
| 10/04/2012 05:36 PM
I have actually recently launched a website, www.aufi.com, which is aimed at supporting freelancers and small to medium sized creative agencies around the country.. and providing them with a platform to pitch for briefs set by larger companies whose work is normally tied into the large traditional agencies. Essentially we are creating a platform for the fresh thinking, small to medium sized agencies to collaborate and stand on each others shoulders to create pop up agencies in order to compete with the big boys. The pitching process will also take place online and project management software will be available to ensure a good delivery afterwards.
The site is not just aimed at large clients however, and the aim is that we will be able through the algorithms we have built, to link clients with the right agencies appropriately.
I would love to here more about your proposition and indeed pledge, but also feel a conversation where we might be able to help each other would be of great benefit.. being a service that a new enterprise would most certainly benefit from!
Anyway if this sounds of interest to you please get in touch,
My email is email@example.com
All the best,