If someone you know approaches you with a business proposal

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  • September 12, 2012 5:21 am at 5:21 am #604865
    WIY
    Member

    If someone approaches you with a business proposal what in your opinion are the most important questions to ask and things to find out about before proceeding in investing? I prefer hearing from people who have had or have a business or are truly knowledgeable in the subject.

    September 12, 2012 3:07 pm at 3:07 pm #896303
    mythoughts
    Participant

    The first question to ask is, do you have unfiltered internet at home? If he does, then he’s probably a low life and can’t be trusted.

    September 12, 2012 4:51 pm at 4:51 pm #896304
    golfer
    Participant

    If he offers you a 14% return on your investment, RUN, don’t walk, away.

    September 12, 2012 7:14 pm at 7:14 pm #896305
    WIY
    Member

    Mythoughts

    Im not asking him to be an eid.

    Golfer

    Im not stupid.

    September 12, 2012 7:42 pm at 7:42 pm #896306
    mythoughts
    Participant

    Hatzlacha!

    September 12, 2012 8:19 pm at 8:19 pm #896307
    WIY
    Member

    mythoughts

    Thats good advice. If its a business where I wont always be there, how can it be set up that theres transparency so I can see every transaction made in the business? Basically I want to set it up in a way that my partner wont even have a yetzer hora to do anything behind my back or crooked. I trust him but in business I trust noone.

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