When starting a new business, you need substantial funding that can cover a variety of charges. Securing this funding may be difficult and require asking family or friends for help. When doing so, consider wisely who you ask.
Tip: Try asking a friend or family member with a strong understanding of the opportunities and risks associated with investing in a new business. Asking someone who lacks understanding could result in issues down the road should your business fail or need additional funding.
Remember, when borrowing money, you eventually have to give it back. So be smart about who you ask.
– Jordan Davis, City of Pittsburg, CA