Home: Message List - How do I ask family and friends for money to start my business?

Re: How do I ask family and friends for money to start my business?

Emile Yarder — Sat, 22 Dec 2007 01:54:40 GMT

If you don't really have 'money' for your business, try this: it 's absolut successfull:
Find a good Idea
Get business freinds and partners
If you can travel
Travel
Come in Europe and get a state grant, then when you become rich return to Florida.

We are going to help you raising fund, establish your business... That's the new business help governement provides to all in EU now. There is money in stock for. And less projects...
emileyarder1er@yahoo.fr

Re: How do I ask family and friends for money to start my business?

BLINDS&SHADES — Fri, 21 Dec 2007 09:50:01 GMT

don't ask for money !!!!!
start off small then get a sba loan
friends and family suck they will want something when you make it big

Re: How do I ask family and friends for money to start my business?

WEBillions — Fri, 21 Dec 2007 09:46:01 GMT

You should show your friends and family that you've put a lot of thought into it (without giving out the details) and that you are very excited about your new future. Those that can will help you. If you can offer them some way to contribute (without giving away control), they might be more excited about it. For example, my mom loves to help my test my social networking site (www.webillions.com). It makes her feel like she is helping her child with her dreams.

Re: How do I ask family and friends for money to start my business?

Emile Yarder — Thu, 20 Dec 2007 00:18:19 GMT

Thank You Luckiestman, I'll organise a campain for you. I begin to want to see your web site. Is it www.score.org ? john.

Re: How do I ask family and friends for money to start my business?

LUCKIEST — Wed, 19 Dec 2007 20:50:42 GMT

Emile, That is a great answer. Do you want my bank account number??
LUCKIEST

Re: How do I ask family and friends for money to start my business?

Emile Yarder — Wed, 19 Dec 2007 19:37:28 GMT

One thing I did for my brother is to email all people knows him. If you publish your bank account number, for example at the Bank of America, on your stationary. Then you can tell a good freind to write to them.

Give an amount $15 for.eg. He has to say that is a multiple of a capital. They could give $ 15 a week, $ 150 or $ 1500, or $ 15000. A multiple of 15. Or any amount. He has to explain what you call 'Love Money' is. And to propose your family and freinds to be anonymous if they prefer. They can send the multiple of $ 15 by post to stay anonymous or by the bank account.
They can send it with one message; for e.g.. ''To increase your capital; God bless'' He has to say the operation is secret, it must stay secret. Don't use your wife or children or brothers and sisters. A long way from home freind could be better.
If you want I could do that for you! LOL
When he post emails, start to thank every one you know. Say 'I receive love money from God, I don't know who send me money for my business.' A big sum.
It 's what I did for my brother, after years, people stay sending money anonymous by post every day to him. And he doesn't want to leave his flat in the middle of the town. I should do that for me too. John emileyarder1er@yahoo.fr

Re: How do I ask family and friends for money to start my business?

TruthWearLLC — Thu, 18 Oct 2007 19:04:58 GMT

Thanks for all your input everyone. It has been very helpful. There is some great advice on here. Thanks again.

Re: How do I ask family and friends for money to start my business?

Lighthouse24 — Thu, 18 Oct 2007 18:51:42 GMT

Thanks for sharing the quote -- and your contributions. ALL experiences with a topic are valid and welcome here -- after all, sometimes we don't know how to phrase the question that we REALLY need answered! Thanks again . . .

Re: How do I ask family and friends for money to start my business?

dazzler — Thu, 18 Oct 2007 18:09:07 GMT

Hello. Lighthouse24, thank you for bringing to my attention. As I am brand new to the forums, I have to be careful to read carefully what posters are asking. You are correct!

I also have something I like to share with everyone - - -I like to read it often. Hope it helps!

"To be persuasive, we must be believable;
To be believable, we must be credible;
To be credible, we must be truthful."

-Edward R. Murrow

I guess as long as we communicate with truth and passion.....people pick up on that. As we all work on trying to convince people and negotiate - - -hopefully, people will be throwing money and business at us left and right! LOL!

Re: How do I ask family and friends for money to start my business?

Lighthouse24 — Thu, 18 Oct 2007 17:53:59 GMT

A portion of the audio program I referred to above explains the importance of understanding WHY people tell you "no" -- and how you might be able get them to "yes." (If someone who loves us and trusts us is saying "no," it might in our best interest to learn why. To "see everyone as human" is usually a good thing -- since everyone is.)

Dazzler, I DO share your pride in being your own person, and I am by nature a DIY kind of guy. Even so, we ask for money from customers, and we give them something of value in return. It's equally noble to ask for money from family or friends, and to give them something of even greater value in return -- unless we don't really believe that we can deliver (i.e., that we may be ripping them off). In that case, you're absolutely right, we should not ask!

Since the posted question was, "How do I ask . . ." TruthWear appears to believe that the value is there, and wants advice on how to best approach those people. If that's not actually the case, however, you provide an excellent "counterpoint" warning, and something others might use as a "litmus test." Thanks for sharing your perspective!