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Originally Posted by LB
But let me clarify what sparked this thread is recently someone who helped me out as a newbie asked for (almost expected) quite a substantial loan to start an affiliate program, and personally I don't think he has what it takes or the business sense to run one so it would probably be a one way gift.
I believe in doing the right thing and helping those who helped me, but where do you draw the line I guess is what I'm asking.
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LB - forgive me for putting in my two cents
I'll never forget where I've been, the paths I've crossed and the people who guided me, picked me up, or just told me to hang in there along the way. I'd help anyone that has helped me and go above and beyond to help them out. My only barrier is money. Somehow, I've never felt comfortable to ask anyone for money - other than my bank, I don't think I've ever asked anyone for money. Although, if I see someone struggling and have some bucks in epassporte, I'll donate to something or someone who's plea/story I believe in - but that's just a small amount. Not 10's of thousands of dollars!
Since they didn't help you financially, I don't think his/her 'expecting' financial help is justified. I'm all for helping him/her get financing from a bank, helping him/her with their business plan, guiding them with their thoughts, helping with their strategy and marketing plan - but putting your money on the line if your name isn't on the company is not a good idea - unless you STRONGLY believe that it will work, you STRONGLY believe in their work ethics and you STRONGLY believe that no matter what, you'll get your initial investment.
Not throwing away your money, doesn't make you an ingrate - just makes you wise businessman/woman and your decision can also be preventing them from throwing their own money into a bad investment. You'd be serving them well by offering your expertise and helping with getting the plan to work rather than throwing your money into the unknown.
Ok that's my 2 Canadian Cents!!