A few of us are working on a product (actually, a small number of related products), and are getting along to the point where it makes sense to see if funding is available to actually set up manufacturing, before investing more time and energy into development.
Roughly half of the initial investment would go into land, a building in which a factory would be built, and the manufacturing equipment. Of the remainder, roughly half would be used to purchase materials. The last portion would be the working capital (advertising, wages, etc.). So, between 50% and 75% of the investment would be secured by the assets of the business, making it relatively safe for the investors.
Unlike restaurants, stores, and the like, which can only sell locally, this business would manufacture products which can be shipped all over the country (or even internationally), so it is not limited by the local market.
Initially, there would be approximately half a dozen jobs created. Once production was rolling, that could easily expand to a full dozen. And then around two dozen over a few years (depending upon how quickly demand builds up). There would be a mix of skilled, semi-skilled, and unskilled (but hopefully with an interest in on-the-job training to gain skill and advance) positions. Obviously, there's a benefit to folks in the liberty movement, if we can be seen as creating jobs, and given how many folks say that lack of a job is what keeps them from moving, there's a benefit to the FSP.
The flip side is that, because this isn't a small venture, we'd need to be able to raise around $1M. As I said earlier, that would be secured fairly well, as investments go, but it's still on the order where getting $5 investments isn't going to be a practical route to getting the full amount, so we would need to find serious investors. Ideally, we would like to have the control of the company vested either completely or at least mostly with liberty folks, in order to make sure that the company is developed and grows in an ethical manner.
We'd like to sit down with folks who have a serious interest and are able to invest at least $2500. The goal of the initial meetings would be to talk about raising a smaller amount (~$15k-30k) to be used in order to develop marketing to obtain the larger investment. Obviously, that includes convincing those initial few investors that this is a viable idea. We'd like to keep the crowd small at this point, hence the $2500 limit.
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Topic: Serious investment opportunity (Read 7985 times)