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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?

Abhishek Kaushik

Hey I am on Medial • 1m

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

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