i am starting an import business for a product non existent in the States?

Question

so I am starting an import business and after years of wondering how to get the money to start I decided to start with with very low quantity and use my credit cards for it, but now i have a friend that is insisting to invest in it(she nows it will take off). my problem is that I have a certain idea about how to go with it, and I am affraid that if I accept her money I won't have the same freedom and I would have to listen to what she has to say and how to do things (she has no business experience, she just has money!) so in short that this business won't be mine anymore.
have you ever have this experience did you accept money from other sources and how did it go and what happened? if you had to do it again would you do it same way?

Answer 1

Hey,

Iam actually in the same process with a friend who lacks vision & business exp. but has capital.

Make out a Partnership agreement & make her the "Silent partner"
or dont make them a partner.. & just convince them to loan you the money for higher interest. how quick can u turn the money around ?