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2
votes
3answers
39 views

If someone is investing money as terms of a partnership is that money to be repaid as a loan?

My brother had an idea for a business and asked me to be his partner. His idea was for me to have 20% ownership and he has 80%. He is going to fund the business (at most $20,000) and believes that I ...
0
votes
3answers
220 views

How to deal with unsupportive parents while creating a startup?

I've been telling myself for many years now I've wanted to create a company of my own and get out of the corporate misery. I am a software developer by trade, and have worked with a few startups in ...
4
votes
1answer
78 views

Authorizing family to purchase supplies for my sole-proprietorship

I've registered myself as a sole-proprietor business in Ontario, Canada. My common-law partner often helps me with organization and other tasks. I want her to be legally able to purchase supplies ...
2
votes
2answers
114 views

Ways to work around creating a startup when working a job with a restrictive contract

I am happily employed as a software developer currently and have no plans to leave. An amazing opportunity presented itself to my dad that just screamed of a lucrative niche market with only a ...
2
votes
1answer
220 views

How to tactfully respond to friends and relatives who say get a real job?

My friends and family who none of which own a company keep telling me I should get a job. From my perspective creating a job is a job. I explain that I am developing a software company and it takes ...
5
votes
3answers
245 views

How do I make my mother open a side business?

My mother is reaching 55, and she raises ideas for start-ups every now and then. I am a software developer and I'm used to rapid prototyping, so I keep urging her to just go ahead a do it! I believe ...
22
votes
10answers
1k views

Stuck in a cubicle supporting family

I am trying to get my web startup off the ground, but can't find time to come anywhere near finishing the core product because I'm stuck in a cubicle feeding my family, fattening up my landlord and ...
3
votes
4answers
334 views

Start a business with a close friend or a family member?

Is that a good or a bad idea to start a business with someone you are really close?
5
votes
2answers
277 views

Term sheet for family member?

When getting funding from family and friends, are term sheets necessary? The family member I've approached is more interested in becoming an investor, rather than owning convertible debt. Every term ...
0
votes
2answers
161 views

Dealing with wifes/husbands? [duplicate]

Possible Duplicate: How to start a business and not destroy your marriage? Not everyone starts their business when they're in/fresh out of college. How do you deal with your spouses and ...
2
votes
3answers
218 views

Two years in development mode at a startup: how do you deal with family?

I've been in startup, development mode for past 2 years almost. The first prototype did not work as planned and I recently have started rewriting. I am fully committed, I dedicate all my time into ...
3
votes
10answers
286 views

Looking for blogs and real life stories about entrepreneurs with a family

I really need to read and learn about startup entrepreneurs that have a family, and are managing to take the big risk and do this crazy thing called "start-up". As I see it from my point of view ( 2 ...