Say i find ten investors to lay out a start up capital of one hundred k each pounds and we pay a developer to construct ten luxury properties.
each property is situated of the east coast of malaysia> what is the land cost and development cost in beserah. approximate value is okay. how long will it take to develop a luxury villa of five six bedroom, with en suite bathrooms, kitchen and several other utility rooms as well as large reception and garage. then if we sell each villa we make a profit and this profit is added to the shareholder capital right?every year money is paid out as dividends.

so if i want to be ceo of this company how can i retain my seat on the board if im a minority shareholder? what methods can i use to make people confident about my abilities to handle the company? I mean even if i show good performance cant the board vote for a new ceo plant one of their own men there especially since in the case of the beserah asian dream town its arab people on the board, why not vote for a majority shareholder. How can i maintain control of the company? Do you think the best way is to keep things small.


can i be ceo of a propety investment group and then have a regular job at the same time?

interesting senario

how many directors is bumi requirement? three? well if i keep things small. have three bumi directors plus myself. and then three arabs, can i vote myself ceo? what if there is a tie? how do you sort it out?

---

Added on November 1, 2008, 11:30 amactually what is development cost for a three bedroom single storey semi d/terrace/bungalow and a fiive bedroom of same nature.

This post has been edited by spitfire2000: Nov 1 2008, 11:30 AM

since you dont have any past experience, did you got the money?

TS already mentioned in the 1st post, assuming he find 10 investors.

So basically he has no experience, no money (himself) but has HIGH ambition.

@spitfire2000,
Finding 10 investors is simple. How you maintain the relationship (amongst all including you) & how you keep them quiet when you roll your dice is difficult.
U just need 2 ppl with different views to tear down a meeting room.

How would the shareholders decide how many directors are required? only directors attend board meetings right? all directors must be shareholders but not all shareholders are directors. so its posible that shareholders vote for a minority shareholder as a director. my knowledge of the local housing market will be key to my running of the company. i plan to really know the market well. if you have more shares in the company that means you have more voting rights? and you cant vote yourself ceo can you?:

---

Added on November 1, 2008, 10:05 pmi might have to show an example or two of one or two of my own projects to investors and give them stats about costs and profit figures. maybe i'll construct my own residence as one project. and then do another small project where i construct two or three low cost houses of the type which im looking to do in high demand area. get more stats and figures. and then that how to convince investors. but i got a good idea anyway i dont want to talk too much about it just yet.

This post has been edited by spitfire2000: Nov 1 2008, 10:05 PM

Wow, total inexperience on property + proprietorship + ownership. Dreaming to be CEO.

How bout getting a Ejen Harta Tanah license first? You don't really learn property stuff overnight or over a few month.

Developer
Contractor
Land Office
Bank
Market Situation
Malaysia ultra messy law and regulation
Building Materials, architectual stuff, interior design, ergonomics .....

Maybe when u know all those, you will know how to stay in power.

btw, Director does not have to be shareholder. Shareholder might not be directors.

Why would you want a regular job when you r the CEO of a property consortium?

not a regular job maybe a proffesional job earning fifty to one hundred k rm a year.

Being as a CEO doesn't mean much. If you have a bossy share holder, it will ruin your operation. I am currently in such a situation. I own 40% share, and the other company owns 60%, but I am the CEO. However, it doesn't mean much. It just meeans that you have the power to do the routine day to day stuff. Important decision still has to go through board meeting. Unless you can convince your share holders, you are out of luck. You can't do things that you like if the 60% doesn't agree with you.

Building a house take about 1 year. The most time consuming part is getting approval from the gov. It can take upto 2 years. Building the structure is cheap, the expensive part is the interior and the type of things you wanna use for your building.

Just my 2cents.

Being a developer is not as easy as u think.
As I said before a career in developer integrates many aspects such as engineering, finance, marketing, advertising, interpersonal, etc etc just to name a few
it's not just like dump like half a mil or 1 mil and dream to make 10x the money from it...

---

Added on November 4, 2008, 10:46 amI think probably u're better off as an Executive Director / wayang kulit Director instead of CEO...
Let ppl with the knowledge & experience give their opinion / run the show

This post has been edited by sordanny: Nov 4 2008, 10:46 AM

Wasn't there a thread like this not long ago? Very similar scenario and questions.

To spitfire2000, it's good you have the ambition but judging by your questions you do not have the experience to pull this off.