Property Investment Projects
With passion for real estate I had reached a boiling point, I went on in Zambia to conceptualise two housing development estates for two mines that one of them the Zambian governement gave thumbs up to and then I replicated this in 5 African countries. I had a total 10,000 housing units we were looking at developing. I had to hire a team of 23 professionals in 3 countries to prepare pre-feasibility studies and for each project I had five sets of documents, each document containing 300-500pages. Part of the team hired was Royal HaskoningDHV, this is a level one status company over a 100 years old with hundreds of offices all over the world. So if you are a funder and asked me to come for a presentation, you can image how I walked in style with luggage of documents.
I quickly realised that when we had follow up meetings with some funders and I asked early page contents, the guys hadn’t read the documents. They only did if they were ready to proceed to offer a Term-sheet (Pre-Approving of funds with some conditions attached). I remember in China when I was meeting their 4th largest bank and presenting to their committee assigned to us, one main guy’s interest was clauses in our presentation that primarily focused on should we proceed to court in the event of a dispute , that was his primary interest. At this point I learned one of the biggest lessons ever in business, never get into any business deal, unless you are sure you will win in court, no matter how sweet it may present itself. I learned that they are corporations all over the world who have a very unique business model that capitalises on taking partners and associates to court/litigation, and they win, sometimes even in partnerships with judges on the back drop, but that’s a whole different topic.
Only write a business plan if;
Too many people don’t start businesses due to the famous business plan. Its boring to do it in most cases anyway, I don’t blame any one for not ever commencing because of the same. For this I am especially ready to stand in the world court and defend why it is especially useless in most cases.