Before beginning any business with relatives or friends, it is important to take precautions so that you can avoid making irreparable mistakes.

If you're considering going into business or investing in a loved one there's certain things you must think about before you take the next step. First, ask yourself whether or not this person is mentally stable. In business, there are several reasons to be careful about who you do business with but especially when it concerns family. You should consider what your risk tolerance and your ability to withstand losses is and then set a limit that if breached will allow for an exit strategy.

Do they have your best interests in mind? How can you be sure? even if they do, sincerity does not ensure integrity.

There are a lot of people we care about who seem to be friendly and trustworthy but have shown us over the years in other situations that they're emotionally unstable. Though it is right to encourage and support family and friends in their endeavors, our love of that person can affect our ability to make sound decisions. Today, we will discuss why we must test first and trust later in these matters. Listen now.

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