Have you financed someone else business?

[Starmix]

Somebody approached me wanting me to finance his business, but I have some doubts because I cannot see his blueprint.He wanted me to finance his architectural plans for clients. He needs many materials but he can't provide me details and have not seen his license. I declined and he was upset. In your own opinion, do you think that person is legit?

 

[eldavis]

I have only supported in helping them with their logos and flyers, that's pretty much it for me.

 

[Shavkat]

I never tried to do this. Instead of financing others, I prefer to use the money for my company's expansion instead.

 

[King Belieal]

If the business plan is solid, you could invest and own a 50% share of the business. But he needs to convince you that the business would yield. No one goes about throwing away money.

 

[Starmix]

I declined but I explained in a way the person will not harm or get mad at me. I hope he is convinced.

 

[cherry123]

Nope, I have never helped twith their funding of any business but if you need my advice why not. I give you

 

[Fidelia]

I have helped a few people with some part of the funds they needed to startup their businesses. It is always a great thing to see a person's entrepreneurial dream come to pass.

 

[Sawe]

It is good of you that you were cautious enough to ask for a license and a business plan. Financing another person's business is highly risky, you don't want to lose your money when the business fails to pick up.

 

[Starmix]

It's hard to finance someone else business. We do not the real motive and attitude of the person what if after having received the money he will disappear? It's not good to decide impulsively.

 

[nomad]

No, I have not financed anyone business. But I have pitched my business to a lot of people.

 

[Starmix]

That's good, people will always like and remember you. I also thought of not financing any one this time even a family member.

 

[Springtime]

I have financed my brother's business. That was the time when his business was in some financial trouble. I trusted him a lot and he did repay me on time.

 

[freelancermaria]

I have never provided financing for anyone's business, and I currently do not have the resources to do so.

 

[SHAHID987]

I am in financial crises so I can't finance to any other. Honestly speaking I never finance any other needy individual in his business. I need that someone should support me in my business.

 

[Starmix]

I financed my brother's before, but it was not managed well because of the extravagance of his wife and I wasn't paid.