Jun
22
I’m planning on asking my grandfather to invest in my new business venture. Any advice?
Filed Under 917 | 3 Comments
natethenorsk asked:
I’m starting a home-based life and health insurance brokerage and I’ll also offer wealth management services. My overhead will be low, but I want to invest some start-up capital in additional training for myself, as well as marketing my business. The main concern I have is that my grandpa invested $20k in my dad’s failed business over 20 years ago, and it’s made holiday gatherings very awkward. I plan on paying back the capital I need to start ($6500), but it may take 3 years or more if the business starts more slowly than I anticipate. 1) How should I go about requesting start-up funding?; and 2) If it’s granted, how should I set up the repayment arrangement? As a loan, or should I give the investor a stake in the company? What are the legal ramifications of the latter since he is not licensed to sell life and health insurance (is it considered sharing commission if he receives income from the business)?
bullet proof vest
I’m starting a home-based life and health insurance brokerage and I’ll also offer wealth management services. My overhead will be low, but I want to invest some start-up capital in additional training for myself, as well as marketing my business. The main concern I have is that my grandpa invested $20k in my dad’s failed business over 20 years ago, and it’s made holiday gatherings very awkward. I plan on paying back the capital I need to start ($6500), but it may take 3 years or more if the business starts more slowly than I anticipate. 1) How should I go about requesting start-up funding?; and 2) If it’s granted, how should I set up the repayment arrangement? As a loan, or should I give the investor a stake in the company? What are the legal ramifications of the latter since he is not licensed to sell life and health insurance (is it considered sharing commission if he receives income from the business)?
bullet proof vest
Jun
11
AH asked:
I would like to work from home. I understand there may be work writing brochures, copy for websites, and sales letters. I have no experience writing advertising copy. Should I check out some on-line courses for business writing? I understand Harvard has such a course. I am already a solid writer. Do I need any of these classes, which may be unnecessarily expensive.
tactical vest
I would like to work from home. I understand there may be work writing brochures, copy for websites, and sales letters. I have no experience writing advertising copy. Should I check out some on-line courses for business writing? I understand Harvard has such a course. I am already a solid writer. Do I need any of these classes, which may be unnecessarily expensive.
tactical vest