Loyalty in business

[DJilla]

Originally Posted by nekrom

Sure I'd return the favour of assistance and contacts/whatnot. But not money, I consider that kinda rude. Esp if the reasoning behind asking for a loan/funds was because you were helped.

-N

Personally, I am extremely loyal to my friends. There is nothing that I generally wouldn't do for them and in the biz sense I will provide my services, contacts, references, equipment, tools, whatever.... no problem, no questions. BUT, if cash is involved the answer is generally no without the caveat of my having a percentage and if its major cash or the major portion then I have to have the major percentage... bottom line. Generally, if the person is that "on fire" then he shouldn't have a problem of getting cash and is just being lazy.

I also always remember this: friends screw you much less often but it always hurts more! IMHO