Week 5 Finance 2 - from the situation. Also, I would show...

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I like the ideas my classmates offered about drafting a contract when asking for money from friends or family. One thing that could be included in the contract is how much return on investment that person is going to get. For example, a person may be more likely to give you a loan if they know they will gain some interest on it. So if you offered them a percent back for their loans it may also take the awkwardness out of things, because now they are also benefiting
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Unformatted text preview: from the situation. Also, I would show them the business plan that has been drafted so they can at least see how much time, effort, and research you have already put into this project. This may also make them feel like they are making a more informed decision to invest in your company....
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