Download How to Raise Money from Family and Friends: Starting a Home Based Business AudioBook Free
You are about to start out a business that needs capital. You know a rich family/friend with some extra cash but you aren't sure how to approach him/her or what things to tell him/her. From all the reports you have listened to; once people borrow funds from relatives and buddies the romantic relationships deteriorates especially if the business fails or experiences a slow take off. You could have considered what it could be like if you ever failed to pay back the money on time. The idea of which leaves you sleepless at night. It would signify avoiding Christmas dinners, barbeque at Aunt Rosie's house and other family events. Yet your dependence on the capital remains and the conviction that your loved ones and friend gets the money still lingers. Guess what happens; it doesn't have to be that way. The main problem is that romantic relationships go sour because individuals set up wrong agreements with their family and friend and ignore that relationships will suffer if certain commitments are not found. Actually just as much as 8 out of 10 people do not have a written agreement with the family and friend they lent money from, but rely on inaccurate and flimsy talk as the vehicle towards getting started with themselves into a method of trading. However in the future details become very fussy, neither get together can remember just what was said or the business deal details. (It's quite common for start-up business people to dismiss family and friend as a source of raising capital entirely based on their reluctance to mess up relationships. However the people that care about your success, almost all of enough time are your family and friends. Also this sector of the city will offer the best source of start-up funding as we shall see later in this booklet.)Underneath all of this problems is the root cause of non-disclosure. What people failed to tell the relatives and buddies that has now end up being the cause for contention between both functions.
