Getting friends and family to back you can be a risky business

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Malaysia News News

SPONSORED | OldMutualSA Leveraging personal connections can give your business a significant boost, but think twice before accepting funding from friends and relatives.

with five out of seven businesses failing within the first year.

Ndlovu knows that the rigorous processes associated with applying for traditional business funding can make approaching family and friends for capital more attractive. “Typically, investors do not get involved in the business’s day-to-day running, and a family member might feel entitled to this level of involvement, which could create problems,” she says. “An objective assessment, based on a business’s plan and prospects, is a more sustainable option.”, which connect small business owners to multiple funders, can help take the pain and drama out of getting small business funding.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines