kaimera
02-27-2005, 06:38 AM
Hello,
How do you guys convince investors (not hard lenders or banks), such as your friends and friends' friends, to invest in your business? I happen to know quite a few people that just feel happy seeing their bank statements with their savings accounts monthly. I try to convince them that the bank will only give them 2-3% and show them how much the money they would get in a year, but that I can gurantee them at least 7% if they purchased or invested with me.
The problem of course is their fear of the risk of loosing their money. I would like to know how you guys convince your investors that you would return their money back to them etc? Do you make them sign anything like a contract. If so what does it say etc?
Thanksa
How do you guys convince investors (not hard lenders or banks), such as your friends and friends' friends, to invest in your business? I happen to know quite a few people that just feel happy seeing their bank statements with their savings accounts monthly. I try to convince them that the bank will only give them 2-3% and show them how much the money they would get in a year, but that I can gurantee them at least 7% if they purchased or invested with me.
The problem of course is their fear of the risk of loosing their money. I would like to know how you guys convince your investors that you would return their money back to them etc? Do you make them sign anything like a contract. If so what does it say etc?
Thanksa