Читать книгу Start & Run a Coffee Bar - Tom Matzen - Страница 70

Money from relatives and friends usually takes the form of a loan. The money is lent on trust and accepted with good intentions. If the business is successful and the money is repaid promptly, both parties remain happy and satisfied. If not, the borrowed money can become a long-lasting contentious issue. There is always a danger in mixing money with a personal relationship, well-meaning as both parties might be, and it is wise to consider carefully before asking for such a loan. If money from relatives and friends is an option open to you, give the possible consequences serious thought. Is your business worth the risk of a friend or family member’s money?

If you do start your enterprise using money from friends and relatives, it will no doubt be your intention to pay it back through the profits of the business. Before agreeing to the loan, think about a backup payment plan should your business be unable to repay the debt.

The terms and conditions of the loan should be fair and negotiated in a businesslike manner. Be scrupulous in honoring the trust that is inherent in such a loan. Prepare a proper promissory note that outlines all the terms and conditions. (Promissory note forms can be purchased at most stationery stores.) Most important, be as certain as you can of your ability to pay it back on time and in full.