Over a year ago I had this crazy (like a fox!) idea to create our own meeting space because it is so freakin hard to find affordable, clean and conveniently located meeting space. Before opening my own real estate investors club last year (June will be our 1 year anniversary!!), I ran the largest real estate investors club in L.A. (we're catching up!). My biggest headache was finding affordable, clean, and convenient meeting space. It was my worst time ever... enough to push me over the edge on many occasions.
One day when I was working on the year end P&L I saw just how much money was spent on not only meeting space & office space... I nearly fell off my chair! It as 6 figures! This cost included all our meeting space, event space & office space! Can you imagine spending that kind of money for something that you did end up owning? Money down the toilet!
So my big idea was to create our own meeting & event space - then the days we were not using the space for our own meetings (we would only need it about 4-5 days a month) - we would rent it out as event space! Duh! Fast forward to about 6 months ago - I was talking one of my members - Gary Haddock and found out that he had huge experience with commercial investing! I told him about my idea for a meeting center and he loved it! We started developing the business plan and now today,
We have our building!
Can you believe this? This is so crazy man! As of last week - we have our meeting & event space business has been started! The remodel is happening right now! We are using private money for the whole start up and have already brought in two investor partners with another two almost soldified YAHOO!
This just goes to show you... if you have a good idea - and you work your ass off and surround yourself with people who are smarter than you - any crazy thing can happen!
The Los Angeles Meeting & Event Center has arrived!
