How do you go about you know, getting the finance for these properties? Is it, you know, investors? Is it kind of partnership, partnering up with, you know, people who've got that kind
acumen? It's
Don't get me wrong, there are some brilliant models out there and some of them are profit-making and that, you know, by the by, that's what they're doing and they're doing it well.
However, for us, it had always been quite important that that wasn't something that we were driven by.
So we were approached by equity investors along the way, particularly when we were really struggling to secure the initial investment finance.
And we'd gone on a really long journey with one potential big investor, well known, you know, one of the big names.
But unfortunately, literally right at the last hurdle, a board meeting, they actually decided that the children's home was a new business.
And although our organisation had been operational at that point for six, seven years doing other bits in the sector, actually, unfortunately, they decided not to give us the funds.
And what I mean by that is, myself and our CEO were quite engaged in in church faith became really important to me in my late 20s and we essentially the church were running a lot of homeless projects anyway and children's work and so on and they asked us to come on board to one kind of help structure some of what they were already doing and then two to really enhance the children's and young people work that they had started.
So it was really the church that stepped up and said, will we mortgage this house? insured it in order to support you to get the initial funds.
We then, um, really friends, family and personal savings of which mine were very limited, but our CEO had a little bit and friends and people that really believed in the vision of what we were doing.
So it's a bit of a cool story in that respect, because there was some real, obstacles along the way, as with most amazing things, you know.
How do you go about you know, getting the finance for these properties? Is it, you know, investors? Is it kind of partnership, partnering up with, you know, people who've got that kind
acumen? It's
Don't get me wrong, there are some brilliant models out there and some of them are profit-making and that, you know, by the by, that's what they're doing and they're doing it well.
However, for us, it had always been quite important that that wasn't something that we were driven by.
So we were approached by equity investors along the way, particularly when we were really struggling to secure the initial investment finance.
And we'd gone on a really long journey with one potential big investor, well known, you know, one of the big names.
But unfortunately, literally right at the last hurdle, a board meeting, they actually decided that the children's home was a new business.
And although our organisation had been operational at that point for six, seven years doing other bits in the sector, actually, unfortunately, they decided not to give us the funds.
And what I mean by that is, myself and our CEO were quite engaged in in church faith became really important to me in my late 20s and we essentially the church were running a lot of homeless projects anyway and children's work and so on and they asked us to come on board to one kind of help structure some of what they were already doing and then two to really enhance the children's and young people work that they had started.
So it was really the church that stepped up and said, will we mortgage this house? insured it in order to support you to get the initial funds.
We then, um, really friends, family and personal savings of which mine were very limited, but our CEO had a little bit and friends and people that really believed in the vision of what we were doing.
So it's a bit of a cool story in that respect, because there was some real, obstacles along the way, as with most amazing things, you know.
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