
84 brilliant start-up
Friends and family
If you have family who are willing to give or lend you money,
then you’d be a fool to refuse. My father gave me the money
to buy a small car when I started up, and it made a huge differ-
ence (thank you!).
A few words of warning before you grab a loan with sticky mitts:
Only take it for specific purchases. Loose money sloshing
around in a business encourages sloppy thinking. Necessity
is the mother of invention.
Be professional. You don’t have to draw up expensive
agreements, but at least set out what the repayment terms
are, what the potential rewards are and what the risks are for
the investor if things ...