Forums: Discussions for entrepreneurs and small business.

From what I can gather, once there is a bankruptcy involved, the individual or business is usually required to wait seven years before an investment/lending institution even begins to consider a loan application.  Not to mention, with the bankruptcy, you have seven years to make your new credit report look as responsible as possible.  All payments made on time and now delinquencies. 

It will take some effort.  But there is light at the end of the tunnel.  You need to develop a tough skin in business.

In my personal experience, friends and family turn out to be the least reliable source for investment funding.  I don`t know if my experience is that of the large majority.  However, realistically speaking, how many people have actually gotten their family to invest in their business?

I would honestly like to know.  This is because, the suggestion to turn to family and friends for investment fundings seems to be so common.  Who has actually gain funding success this way?  I would really like to know the success ratio of this type of capital funding venue.

Tell me about it...most people don`t have a great understanding of investments.  I have taken a considerable amount of time reading up on investments.  However, each book seems to want to outdo the next with high end terminologies and strategies that go way over the beginners head.

As a rule of thumb, I don`t pretend to understand when I don`t.  I ask questions, as detailed as I can get.

My recommendation to anyone who doesn`t understand investments and the strategies that go along with it is to ask questions until you do understand.

There`s no shame in the understanding game, not for me anyway.