Borrowing Startup Capital from Relatives
For most entrepreneurs, their startup venture is not a likely candidate for a bank loan. Many entrepreneurs turn to family members to fund or to supplement funds for a startup. Accepting money from relatives has its own unique perils for the entrepreneur. Involving family in your venture may or may not be a smart move. Here's a few general guidelines to contemplate when considering approaching a family member about funding your business: 1. This option should be a last res