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Hi to everyone !
I am a 18 years old guy and I have decided to go big on my entrepreneurial journey. For the moment I do little revenue thanks to my freelance work but I feel like it's not enough. My mother firmy refuses to give me some time on my entrepreneurial education/execution, so I decided to go all on my own. The only free time I have to do my freelance business (copywriting, translations and a bit of ecom) is during the weekends (5h/week on Saturdays but only when I am lucky to get out of the house) and a bit at school. The problem is that I need a small loan of 15k euros, in order to rent a room and start committing my time on the business (testing products, buying books etc..) Do you think it is a wise choice to do? I have planned to make a very detailed list of my expenses along with my different plans I am willing to pursue that I will present to the money lender.
I have 4 different plans if one of them fails. So I don't think I would lack the means to pay off the loan.
And one more question, should I suggest to the money lender a possibility to share my profits with him? (something like 30%) In order to increase my odds to let him get me the loan. I have seen many business starters doing that with their personal bankers.
Thank you for your time
I am a 18 years old guy and I have decided to go big on my entrepreneurial journey. For the moment I do little revenue thanks to my freelance work but I feel like it's not enough. My mother firmy refuses to give me some time on my entrepreneurial education/execution, so I decided to go all on my own. The only free time I have to do my freelance business (copywriting, translations and a bit of ecom) is during the weekends (5h/week on Saturdays but only when I am lucky to get out of the house) and a bit at school. The problem is that I need a small loan of 15k euros, in order to rent a room and start committing my time on the business (testing products, buying books etc..) Do you think it is a wise choice to do? I have planned to make a very detailed list of my expenses along with my different plans I am willing to pursue that I will present to the money lender.
I have 4 different plans if one of them fails. So I don't think I would lack the means to pay off the loan.
And one more question, should I suggest to the money lender a possibility to share my profits with him? (something like 30%) In order to increase my odds to let him get me the loan. I have seen many business starters doing that with their personal bankers.
Thank you for your time
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