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"It seems like you have done your homework. How much of this do you want?" I asked."I'm coming in for $500,000. It gets me half a point. The estimated profit margin is 20% at five years. That's about 4% per year. This project could go as high as 30%," Bob said."You know this is the biggest leap yet, but I trust your judgment. One last question, what about the land itself. Who's contracting the building and what are the restrictions?" I asked."The builders will all be local and the criteria will be a minimum of $150 per sq. ft. after land cost. There will not be any multifamily dwellings." Bob continued, "Overall, it will be targeting the $1,000,000 plus crowd. The golf course is being developed under another plan. They already have all the investment capital they need." Okay, have the attorney look at the prospectus and if he gives the thumbs up, go with it with one stipulation. I get at least the fifth choice on lots after the other principals. I don't want any under the table. ‘I gave you this project to see how you worked with Dave and Ralph and to see how realistic your objectives were. You satisfied me that you understand what we are trying to do in the marketplace and know how to go about achieving results. You’ve already proven yourself as an excellent sales manager. This is a step up and a challenge. Do you think you can handle it?’ ‘I don’t know,’ I said, shaking my head. ‘It never entered my mind that you might offer this to me. I’d like some time to think about it. You said Dave thought I could do it?’ He nodded. ‘Yeah, you impressed him. He’s my number two guy in this operation. He’s not just some bean counter, he’s senior management material. At some point, he’s going to be the head guy at Flex-Tek. I’m sure you can tell he knows the business inside and out. I trust him and he hasn’t let me down.’ ‘No argument, Leo. Dave and Ralph were great to work with. I mean, I really relied on both of them to make this work. If I was to take this job, I’d.
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