Gran Plan 1.0
The idea was to roll the money made into other more scaleable projects and create a snowball effect. The smaller projects would roll money into medium sized projects which would roll into large scale projects and hence with an initial small investment the project would then fund itself to generate larger incomes. This wasn’t just my business plan it was also practical, I didn’t have a large startup capital available, I would have to generate any capital through projects and reinvest into other schemes and keep the ball rolling, the snowball theory. As the snowball travels down the hill it gathers speed, momentum and size as it collects together all the other small snowflakes as it descends. Another reason was I needed to pay the bills and not reduce my already meagre household income or I’d be depriving my family of the necessities of life. If the business model failed then it lost its own money, a bit like only gambling what you can afford to lose, this was the same. If the business crashed and burned it wouldn’t be taking any of my household income with it, only money it had generated itself. So this is another reason the startup capital was set at approx £100, it’s not a lot in the scheme of startup capital and an amount that most people can source relatively easily
Part of the intention was also to make passive income where possible. I decided I’d like about 4 or 5 separate income streams or projects to form the start of the overall plan, this would then spread or blossom into other areas as more capital became available. In order to be able to keep on top of the various projects I’d need to keep a reign on how many there were, ideally 4 or 5 as stated, but if any of these were passive that would mean I could leave those to manage themselves, maybe not completely but to a certain degree, and then concentrate on others
So IQBR has become the first project, more to follow to pad out to the 4/5 projects I’m envisioning as a start