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Will you help your friend if you know his earlier losses?

  1. VENZKHVAM profile image60
    VENZKHVAMposted 5 years ago

    http://s1.hubimg.com/u/5523680.jpg
    Suppose your friend had  faced two to three failures in business and life and he wanted to bounce back  starting in the business will you help him out financially ,if yes why and if no why?

    1. paradigmsearch profile image85
      paradigmsearchposted 5 years ago in reply to this

      Business venture? No.

      Personal survival? Maybe. Depending on my own circumstances at the time.

      1. VENZKHVAM profile image60
        VENZKHVAMposted 5 years ago in reply to this

        Why you have no confident in his ability  that he can bounce back?

        1. paradigmsearch profile image85
          paradigmsearchposted 5 years ago in reply to this

          He's failed before. Therefore ability is a concern. Not to mention karma, circumstances, and who know what else?

          Help? Yes.

          Investment? No.

          1. VENZKHVAM profile image60
            VENZKHVAMposted 5 years ago in reply to this

            Why not analyze the reason for gfailure and if it was purely no financial back jup  will not you go for it?

    2. Cagsil profile image60
      Cagsilposted 5 years ago in reply to this

      First off, failures in life are meaningless to business, because one has to keep personal life aspect separated from business otherwise both suffers. Secondly, if I was in a position to offer any assistance, including financial, then I would, but I would also make sure I have time to devote ensuring his/her success and to do that, I would review and examine his past failures in business, so as to show him/her how to learn from such mistakes/failures.

      1. VENZKHVAM profile image60
        VENZKHVAMposted 5 years ago in reply to this

        excellent answer it really is an ideal  one where you a e ensuring the success comes back to him.

        1. VENZKHVAM profile image60
          VENZKHVAMposted 5 years ago in reply to this

          can you little more give details on this with a case example  i think the group gets an idea.

          1. Cagsil profile image60
            Cagsilposted 5 years ago in reply to this

            Not exactly sure what you're looking for, but I'll give it a shot.

            My uncle lived in California and I lived on the east coast, and one day he called me. He had a business proposition for me. I asked for details, having previous business management experience, I wanted to know what he was thinking.

            He asked me if I was interested in running a small kitchen in a bar/lounge. I had experience in the cooking industry(restaurants) and would provide the finances needed to get it off the ground, and if I was interested.

            I told him that I was definitely interested and he paid for a plane ticket out to California. However, when I got out there, I was told I would have a partner, which then made things more complicated. My ideas were to hit the ground running, but my supposed partner wanted to do things day by day, with no real plan moving forward.

            I found this very difficult. Not to mention, after about three weeks, I was working 80 hours each week, while my supposed partner worked less than one hour a day. If my friend was not a planner or didn't understand the stuff(knowledge of operating a business), then we would have to work from square one, depending. If his previous businesses failed for other reasons, like him not understanding profit margins or didn't understand supply purchasing, so as to operate effectively, then it would be a problem that would need to be corrected.

            My problem in California was one of a lack of experience on my part and my partner's part. Compromise was not in his vocabulary, nor did he understand profit margins with regards to pricing the meals the kitchen would make. Nothing the less, the opportunity failed and I returned home. My uncle was not too happy with the other gentlemen(the owner of the lounge and my supposed partner).

            1. VENZKHVAM profile image60
              VENZKHVAMposted 5 years ago in reply to this

              ok cool i think  you got me nicely.
              thanks for sharing this wonderful example

              1. Cagsil profile image60
                Cagsilposted 5 years ago in reply to this

                You're welcome. smile

                1. VENZKHVAM profile image60
                  VENZKHVAMposted 5 years ago in reply to this

                  I think your story is a typical example.Many can take a point or two while they face some thing else like this and do the best they can.

  2. CASE1WORKER profile image84
    CASE1WORKERposted 5 years ago

    help. Yes.
    Money- only if I could afford to lose that money!

    1. VENZKHVAM profile image60
      VENZKHVAMposted 5 years ago in reply to this

      ok that sgood but my question si will you help the failed person taking the risk of loosing the money to help him out?

  3. Reality Bytes profile image92
    Reality Bytesposted 5 years ago

    Friendship has nothing to do with a business investment.  I would not invest with someone unless they had a very good business plan.

    1. paradigmsearch profile image85
      paradigmsearchposted 5 years ago in reply to this

      Gotta do a +1 on that. smile

      1. VENZKHVAM profile image60
        VENZKHVAMposted 5 years ago in reply to this

        so you are saying the money is different from friendship, no connection correct.

  4. profile image0
    Giselle Maineposted 5 years ago

    No I would not help him out with his business.  Why? a)His track record is not good, so I don't trust him to do well this time. I might trust such a friend in emotional matters, but not in business matters.  b) I don't like the idea of having money at stake in a friendship.  If he loses the money, I know it would affect the relationship, even if I tried not to let it be a problem. I think money can definitely come between friends.  and c) it's his business and his responsibility.  I would prefer that he work a job, save up his spare cash, and THEN put his OWN money into his business.

    Now if a friend needed, say, a ride to the airport or train station or whatever, sure no problem, I would do it. That is a lot different than investing in his business! Basically as Reality Bytes said, friendship has nothing to do with business investment.

    1. VENZKHVAM profile image60
      VENZKHVAMposted 5 years ago in reply to this

      Very good judgement considering your safety. But as a safety  for your friend what have you thought?

      Dont you think if you dont help him even little bit deep into the system ihe may escape?

      There are many cases in life where a person attempted 3,4,5 or 6 times and then got immidiate success.

      1. profile image0
        Giselle Maineposted 5 years ago in reply to this

        I still don't feel it necessary to help a friend by investing in his business.  Presumably he is a man that can stand on his own 2 feet  - I strongly feel the friend can work at a job and and save up money of his own and then can invest his OWN money into the business. 

        I think that it is expecting too much of people to expect friends should invest in a business.  Friends can help each other in other ways: helping each other move apartment, give each other rides to the train station, but I feel that expecting a friend to invest his/her savings in a business is unreasonable.

  5. profile image0
    Emile Rposted 5 years ago

    No. I think I have an obligation to do what I can to ensure others have access to basic subsistence and liberty. Starting a business falls into the category of pursuit of happiness. That is a personal issue.

    1. VENZKHVAM profile image60
      VENZKHVAMposted 5 years ago in reply to this

      SO first your safety and then only your freinds future that is what you said  as personal means.

      1. profile image0
        Emile Rposted 5 years ago in reply to this

        I have no idea what you're talking about. If it were in my power I wouldn't let a friend go without food or shelter. I would stand up for anyone to protect them.

        I would never feel obligated to foot the bill for someone else's business venture, nor would I suffer a moment of guilt for saying no. a true friend would never have the audacity to ask a friend for money to start a business.

        1. VENZKHVAM profile image60
          VENZKHVAMposted 5 years ago in reply to this

          ok so you mean to say that you will give him food and shelter but not business venture help.
          that is what i wanted to know your decision is yours . I respect that and believe you are right from your point of you

  6. nimeshgraphic profile image61
    nimeshgraphicposted 5 years ago

    if i have confidence on him and on his  talents and potential sure ill help him on what all i can do........

    1. VENZKHVAM profile image60
      VENZKHVAMposted 5 years ago in reply to this

      ok that is good

  7. asmaiftikhar profile image77
    asmaiftikharposted 5 years ago

    yes i would help my friend without caring about is previous losses.All is fair in friendship.

    1. VENZKHVAM profile image60
      VENZKHVAMposted 5 years ago in reply to this

      wow that is cool you are a real good friend every one miss in their life.

  8. asmaiftikhar profile image77
    asmaiftikharposted 5 years ago

    yes i would help my friend without caring about is previous losses.All is fair in friendship.

  9. georgescifo profile image55
    georgescifoposted 5 years ago

    This would vary depending upon the situation and reasons for the friend's earlier losses..

    1. VENZKHVAM profile image60
      VENZKHVAMposted 5 years ago in reply to this

      so you are not  decisive till now?

  10. Disturbia profile image62
    Disturbiaposted 5 years ago

    Yes.

    1. VENZKHVAM profile image60
      VENZKHVAMposted 5 years ago in reply to this

      good

  11. NiaLee profile image62
    NiaLeeposted 5 years ago

    I will help analyze what went wrong in the first ones before starting fresh and efficiently the next one.

 
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