June 22, 2005

a good mentor

I spoke with Rav, the founder/CEO of Ravgen. It's a biomedical company that wants to create a new standard for diagnosing fetuses in pregnant women. The basic problem is that 2% of fetuses get aborted when testing for whatever because the needle gets inserted into the womb. Ravgen has created patents and techniques to take the blood from the arm, instead of the womb, which lowers the miscarriage rate to 0%.

Anyway, I impressed him with my real estate business, and I told him that I would have 400k of my own money to put into the business after 1 year of full time effort. I think this is realistic if we have door knocking up full speed, as well as signing, direct mailing and classified ads. I estimate we will have a 50k deal per month if we just do door knocking alone (from previous experience).
From Direct Mail, I project 5 to 10 phone calls every month, which will bring in another 10k per month.
Signing and classified ads consistently brought in at least 10k per month.

So the point is, when I see the numbers of everything working properly, I get 900k per year.

After this year, I will be poised to enter the biomed business full steam. Rav offered the ideas and people and capital, if I could show him that I can man the ship, and this year I will do everything I can to prove the systems work, and I'm right.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home