v. July 18, 2022
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How to finance your small business with private money (or with money from your friends and from your family). - up to 30 000 US$/Euros
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1. For small projects it helps to ask friends and family members for loans. |
Examples of typical such financial needs:
Financing the creation of small businesses;
or help when starting other forms of independent activities;
or the solution of financial problems, management of temporary money need, etc..
Financing should always include the standard search method, too :
''Private business and project financing.''
Contents:
aha7.com/pen/ecfpriv-en.htm
See there the detailed description.
(When clicking above, a new window will be opened.)
The site registrations of your request are also helpful when financing with frieds and family members. So they can read on the public Internet the details. This makes your request sound far more reliable.
2. ''Small financial needs follow specific rules'':
Friends and family members as ''bank'' |
Less security, more personal reliability.
For smaller financial needs - for example up to 30 000 US$ or Euro - it is more difficult to find money, because the situation is more risky for external investors and for banks. Success depends totally from the personal qualification and similar aspects, and there are rarely secure assets.
Therefore is the most frequent typical money source in this case a combined loan from serveral personal friends and family members:
They know that they can trust in you.
They will be tolerant if you can not pay back your debts in time.
The relatively low total amount is normally to obtain by distributing it among several persons.
The HOWTO-problem for very personal private loan agreements.
There are always some very typical problems:
How to deal in a strictly personal context with money, while excluding the risk of later lack of satisfaction?
How to make the contracts?
How to manage the risk that the money can not be paid back in time?
How to deal with the risk of lacking success?
Back to the old values : Friendship, family, promise, reliability.
Truth? Changes every 7 days. Come back!
Money is not an aphrodisiac: the desire it may kindle in a female eye is more for the cash than the carrier. - (Marya Marines )
The rich aren't like us, they pay less taxes. - (Peter de Vries )
Money makes the man. - (Aristodemus )
The farmer's way of saving money: to be owed by someone he trusted. - (Hugh MacLennan )
"Clairvoyance is frowned upon nowadays. We are living in modern times. We have business plans. " (Pedro Rosso)
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Truth? Changes every 7 days. Come back!
Another good thing about being poor is that when you are seventy your children will not have you declared legally insane in order to gain control of your estate. - (Woody Allen )
Money is human happiness in the abstract. - (Arthur Schopenhauer )
The love of money is the root of all evil. - (Bible)
Money isn't everything - but it's a long way ahead of what comes next. - (Edmund Stockdale )
The darkest hour of any man's life is when he sits down to plan how to get money without earning it. - (Horace Greeley )
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Truth? Changes every 7 days. Come back!
The petty economies of the rich are just as amazing as the silly extravagances of the poor. - (William Feather )
"Keep the gold and keep the silver. Give us wisdom." (Arabic proverb)
He says he's not broke, but he is trying to sell his kidney and corneas. - (Wendy Morgan )
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