Motivating the team on stalled project

Looking forward to the future of business

This post has requested for a meeting again of the team members involved in a real estate project that has been stalled since January.   

It has been difficult to get the team members togehter.   One did not reply when I requested,   The meeting was resked for 11 am, However the second one did not reply.  went to the designated meeting place.  Only one was there.  I decided to go on with the meeting with the lone attendee.

I tried to motivate  with three stories:

I recollected that the project was turndd down by my own company.   This post begged off from the property owner and two members of the team decided they will continue and they will get investors

One an incumber councilor promised  about P5M, then chickened out on the timeline she promised.   Its now January and nothing is moving.   The land owner is asking  the status;   I am being asked what to answer and we know the answer:   there is no investor yet

Two stories:

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1.  Richard Branson story and tips of how to put up a million dollar company.  He has five rules

      1.  Find the problem/s

      2.  Create the product /solution

      3.  Have a team

      4.  Get the cash from the customer, have the float

      5.  Take the risk

We have the 4 except No 4.   So what can be done:

     1.  Complete teh bp, marketing plan

     2.  Draft SDP, make price list, do a survey on what will sell not sell

     3. Start organizing sales force

     4.  Get approval

     5.  Pre sell

     Say 3,000 lots.     Price at P70,000.   Price at 35,000 pre sell.  P33,000 cash,  P35,000 P17,500 dp, balance payable in  2 years.   without interest

    That will generate about P100,000,000 total sales about P50,000,000 dp, enough to cover developmetn cost and funds for the owner

2.  Second story

    About BCDA and Heritage.  Story by the chairman

    He was appointed by FVR to be head of BCDA and instructed to make some money  And he asked for budget.  There is none.   FVR told him to be resourceful and produce the money.

   This is what the chairman did.  Of the 300 hectares he asked for bids for the 200+ hectares. And he was able to sell this to the MVP group and got P33,000 offer per sqm.   That would amount to baout P70 B.   And for the remaining for the memorial park.  It was securitized by former head of HDMF, and of the P40,000 initial offering, had two banks buy them at only P20,000 for a 100% ROI.   He raided P2 billion from that and was able to have enough money for development

Brilliant eh.

I asked a plan on how to do this.