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Funding a business
How to get funding from family
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[QUOTE="Yusra3, post: 341057, member: 31907"] Getting finance from family and relatives entails being frank and presenting a comprehensive business plan that provides an idea of how you intend to meet the investments requirements, hence increasing your chance of success. Discuss the chance of giving the business, market conditions, financial projections along with money utilization in a detailed manner. Present the IPO investors with the fair acquisition rates, and the shareholding. If the purpose of restructuring is according to the loan phrasing then it would be great to set rigorous repayment terms. Establish a regular line of communication and be clear about what to expect. When you're using family money, raise your expectations for yourself, so that you transmit to your family that you are serious and focused. To avoid any problem that can occur in relationships, you should get into legal agreements to limit your encumbrances. [/QUOTE]
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