If someone approaches you with a business proposal what in your opinion are the most important questions to ask and things to find out about before proceeding in investing? I prefer hearing from people who have had or have a business or are truly knowledgeable in the subject.
The first question to ask is, do you have unfiltered internet at home? If he does, then he’s probably a low life and can’t be trusted.
If he offers you a 14% return on your investment, RUN, don’t walk, away.
Im not asking him to be an eid.
Im not stupid.
Thats good advice. If its a business where I wont always be there, how can it be set up that theres transparency so I can see every transaction made in the business? Basically I want to set it up in a way that my partner wont even have a yetzer hora to do anything behind my back or crooked. I trust him but in business I trust noone.