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Investing in a business as a financial partner

Alexandoy

Well-known member
A friend suggested to me that I can invest in the business of his nephew who is a car mechanic. They need to expand their shop and they also need some new equipment. In other words, they need more capital. However, I do not know anything about a car shop even if I have a car. What would happen to my investment after a year and how would I know if the business is earning or not? That may be a very risky proposition that I tend to decline.
 

Mildredtabitha

Well-known member
You can choose to lend them the money and charge an interest when it is returned.

You can also research more about car shops then you will be in a better decision to decide.

You can finally talk to a financial advisor in the car sector.

You can also tell them that you are not willing to invest in their business if you don't want to.
 

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