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

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   VENZKHVAMposted 13 years ago

   
   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?

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      paradigmsearchposted 13 years agoin reply to this

      Business venture? No.
      
      Personal survival? Maybe. Depending on my own circumstances at the time.

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         VENZKHVAMposted 13 years agoin reply to this

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

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            paradigmsearchposted 13 years agoin 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.

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               VENZKHVAMposted 13 years agoin 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?

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      Cagsilposted 13 years agoin 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.

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         VENZKHVAMposted 13 years agoin reply to this

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

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            VENZKHVAMposted 13 years agoin reply to this

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

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               Cagsilposted 13 years agoin 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).

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                  VENZKHVAMposted 13 years agoin reply to this

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

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                     Cagsilposted 13 years agoin reply to this

                     You're welcome.

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                        VENZKHVAMposted 13 years agoin 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.

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   CASE1WORKERposted 13 years ago

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

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      VENZKHVAMposted 13 years agoin 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?

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   Reality Bytesposted 13 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.

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      paradigmsearchposted 13 years agoin reply to this

      Gotta do a +1 on that.

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         VENZKHVAMposted 13 years agoin reply to this

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

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4. 0

   Giselle Maineposted 13 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.

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      VENZKHVAMposted 13 years agoin 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.

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         Giselle Maineposted 13 years agoin 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.

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   Emile Rposted 13 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.

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      VENZKHVAMposted 13 years agoin reply to this

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

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         Emile Rposted 13 years agoin 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.

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            VENZKHVAMposted 13 years agoin 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

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   nimeshgraphicposted 13 years ago

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

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      VENZKHVAMposted 13 years agoin reply to this

      ok that is good

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   asmaiftikharposted 13 years ago

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

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      VENZKHVAMposted 13 years agoin reply to this

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

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   asmaiftikharposted 13 years ago

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

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   georgescifoposted 13 years ago

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

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      VENZKHVAMposted 13 years agoin reply to this

      so you are not  decisive till now?

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    Disturbiaposted 13 years ago

    Yes.

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       VENZKHVAMposted 13 years agoin reply to this

       good

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    NiaLeeposted 13 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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