Quote from: smyslov on January 19, 2020, 12:18:56 PM

I think you should first do it locally I mean in your neighborhood first, invite your friends and your neighbor to invest in your venture, if it is successful, then register your business, by getting a business, where you can do it locally and internationally, you should first do it legally so will not encounter any issue along the way.

I did actually. Made a test run last year on a farm we took over. I don't own it, just to be clear. The owner himself wasn't able to keep up with the work anymore due to older age. He tried to rent it out at first, but my friends an I, being the nice guys we are (just kidding Grin

), offered to help in exchange for him to show us how it all works. Long story short, I had no idea that there was so much work, we ended up "hiring" another guy who had more experience (paid him for the work he did). Towards the end he was less and less needed, so we actually made some progress.

There were quite a few issues though:
1. Rented machinery service - none of us could properly drive a tractor and its equipment
2. Too small to hire people full-time, too big for inexperienced guys
3. Profit was much lower than average, even for us (~1.6x of investments, compared to average 2.3-2.5x)

Overall I quite liked it, would like to do more. Being outside worked well for me

So, I am looking into renting out much more land and hiring people. This is easier said than done, thus all the research and questions.
We have offers to cooperate, basically start a business where the initial investments would be taken care of, but the % asked is way too high in my opinion, considering the fact that all the work would be done by us. In short, we'd be almost only employed there. I'd rather find an alternative. I have no problem with sharing the profit, but would like to co-own some part too. Need to get a bit creative here, as usually investors/vc want huge % since it's in such an early stage.