Putting together a 4HWW Group?

[Crowne]

I am looking for help in putting together a 4HWW Group. A company would be created and shares sold, but mostly I am looking for 10 solid members of this group to brainstorm ideas and run them through the Ferris System.

Please advise me on all aspects of this group. Where should I look for members and what ads should I place? What is a reasonable buy-in? What legal and organizational hurdles are there? Has anyone done something like this in this group? if so, any advice?

[Sven]

Can you be any clearer? If I read your post now it says, I want to set up a business with you as a client, please tell me what to do?

I put up a post to set up a meet and greet in the Netherlands. No replies. Maybe this 4hww thing is very individualistic? Or people are affraid that ideas get stolen?

[EditorDude]

Are you suggesting that we brainstorm ideas for a biz amongst ten members, whether downloadable ebooks or selling vitamins, then delegate work out to the ten individuals to set it up and run it in exchange for equal shares of the profit? And would that also entail equal investmest in monetary terms too?

[clanshrapnel]

Like I've mentioned before, try even running this with yourself and ONE other person in REAL life, just to see how difficult it is to pull off.

IF you want to run this with 10 people and over the Internet, I hope you're hiring somebody separately just to manage the group... you're asking for a logistical nightmare.

Think of the very first step... putting together a legally binding contract that dictates each person's role, contributions, and shares in the profit. Can you imagine 10 people's worth of signed contracts going around just to get the first step done?

If your true intention is to find a group to do this (vs. finding a group of people to do the work for you while you get a share of the profit just by forming the group together-- be honest with yourself), I honestly suggest you try to do this with 1 other person you know well from real life, and see how that can even fair. You will never even think of doing this amongst 3 or more people, let alone with strangers you have never met before.

[EditorDude]

Not to mention the 'actual reality' of what is involved to be making an IPO for the company - if that is your intention too.

[dking]

Why would I want to go into business with somebody who admits that they do not know what they are doing?