Quote:
Originally Posted by tigermom
Maybe if you tell him you are interested in becoming an investor and want to see a valid business plan, you might be able to help him see the flaws in his plan and avoid future problems. I'm sure that the last thing he wants is to take your money, fail and then owe you.
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Very good point, and I think it deserves repeating/emphasizing.
Even if you were to provide only assistance, and no $$$, putting pressure on this person to form a clear and solid business plan would be more helpful than anything else, imo. Maybe helping them work on one should be your first form of help.