I just wanna get up to date on how the Autfinity project is running. What have we accomplished thus far, or are we currently accomplishing?
I really do not want this to be "just an idea". I want this to become reality.
For various reasons discussed elsewhere we are unable at present to setup a charity to fundraise the money. This means that currently all we can do is research.
Why not set up a business cooperative? AFF needs an official headquarters, if you don't already have one. If nothing else we could get a lwayers signature and neccessary legal work to esablish a treasury and collect monthly donations (like $5-$10 a month or equivalent of, depending on what nation the member is from). Of coarse we'd also need someone capable of converting international currencies.
5 to 10 dollars monthly would not be enough. at all.
conveting currencies isn't that a big deal esp. of you tansfer money from whever in the world from USD for ex to an Eur account the banks do that automatic...
with paypal currency conversion is automatic, i think.
$5-$10 isn't much, but if we get enough people on the band wagon it'll accumulate.
$5-$10 isn't much, but if we get enough people on the band wagon it'll accumulate.
For 5 Million dollars you'd need 500 hundred thousand people...
This project will be around easy 400 to 800 Million Dollars. No bank will lend you all that either. so smaller loans for each step pf the project would be more reasonable
...This project will be around easy 400 to 800 Million Dollars...
How are you figuring these numbers? the land that A&G where using as a example was ~2 Mil. And it had buildings allready on it. I can see 50-100 million but 400-800?
And I wouldn't count on any loans from the banks. It would be hard to convice them that we are worthly of a loan. And I fear that as soon as they hear the phrase we are autistic the answer would be no. and multiple loans? the banks aren't going to let you take out any more loans if you already have an outstanding loan. maybe one or two. but at some point they are going to say hey stop this. The Banks aren't that stupid.
ok maybe my figures were including a holiday resort type of think where you'll have "vacation" booking PC systems, salaries of people working covered for at least 4 month til you get return on equity enough to pay them from the cooperative's profits, flights to have meetings, hotels to spend nights for these meetings, lawyers fees, financial advisory fees, taxes, redecoration of buildiings, infrastructures (sanitary systems, public lightning, etc), medical material (medicines, first aid stuff), furnitures, i dont know...so many things...
a bank could approve an investement loan in a big cake like 50 million USD then only disburse shares of it (as the project goes along) against invoices..say this months you need to pay builders, salaries, and lawyers, you gather these invoices and the bank lends you the part of the big cake for you to pay these invoices out.
Autistic or not if the investment idea will have return i.e. success and will generate enough income then they don't care for what it is and who runs it... which they should be a bit more carefull about really because they have been financing terrorism for ex...
ok maybe my figures were including a holiday resort type of think where you'll have "vacation" booking PC systems, salaries of people working covered for at least 4 month til you get return on equity enough to pay them from the cooperative's profits, flights to have meetings, hotels to spend nights for these meetings, lawyers fees, financial advisory fees, taxes, redecoration of buildiings, infrastructures (sanitary systems, public lightning, etc), medical material (medicines, first aid stuff), furnitures, i dont know...so many things...
Your right, if this was a big resort, But I am think it is going to have to be much smaller to start with, like a small cottage resort with a max of 40-50 clients. As for employees I think some of us would have to volenteer for the first few months. Creative solutions could be found for the other costs you mentioned.
Autistic or not if the investment idea will have return i.e. success and will generate enough income then they don't care for what it is and who runs it... which they should be a bit more carefull about really because they have been financing terrorism for ex...
But that is the point. we have to prove to the banks that this idea will give them a return. Because this is a new idea there is no hard data we can provide. And yes they do care about who is running it. They want to make sure that:
- That we are not lying our asses off.
- That we are capable of running a business (at least long enough to get their money back with interest).
It's possible that being Autistic might actually help though. A Bank might actually approve a loan just for good PR (J&J Bank:Helping those with disablities).
Have you thought of starting really small and then working your way up to bigger things? That's how a lot of famous businesses got started.