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Anonymous

Hey I am on Medial • 4m

One of my friend is asking me to invest 4 lakhs in a business, but I'm not aware of the business, he is going to make me meet his mentor, what shall I do?

12 Replies

Replies (12)

LIKHITH
•

Medial • 4m

Do you've 4lakh firstly?

1 Reply

incognito

Hey I am on Medial • 4m

ask your else is investing and the understanding bussiness before investing

1 Reply

Gaurab Gogoi

Assamese • 4m

split your money, do not invest in a single source. splitting reduces risk. it's a basic thing of investment. hope you will make a good decision

1 Reply

Abhishek Kaushik

Hey I am on Medial • 4m

Before investing do a SWOT analysis of the business and see what else you can offer apart from money, also understand why he needs the money is it for expansion or is it just for clearing his debt. If everything suits well then ask your friend to sign an agreement with you and you give him the money as a loan with a notarized document specifying the terms and conditions and also charge minimum interest.Always play safe

Priyanshu Gupta

Let's make a differe... • 4m

if u dont know the business ...dont invest in it

Shubham Agarwal

Set your limitis not... • 4m

Before meet up, try to find out some information about the business idea if not completed than try to have little bit with that you gain a leverage about what going to discuss in meeting

Preet Aggarwal

Founder and CEO of U... • 4m

Do not invest without knowing more about it. It's risky.

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