Husband Wants to Invest Money In Business for Son

tesuhoha

Money_maker wrote: »

This is the post thats really hit the nail on the head. Don't think you answered it, OP.

I think somewhere I answered that he doesn't know about it yet. My husband is going to talk to him about it tonight maybe. I say maybe because I am starting to think too many people are doing it already.

tesuhoha

whodathunkit wrote: »

"We"? If it's going to be your son's business, why wouldn't he be doing this for himself?

We will research it first because what point is there in talking about it to him if too many people are already doing it?

tesuhoha

barba wrote: »

No prospective business needs to make a full capital injection on day one. As you mentioned there needs to be research done before any attempts to target a product / service are made.

During the period of research your OH and son could work together to build, what could actually change your sons outlook for the better.

Why not pay him a small, but motivating wage to help conduct the research, design the product / service, price the service and design ways to promote it.

The business will only succeed if your son pushes it forward and this is a relative acid test. You hope he realises that the relationship between working, earning and buying nice things can be a good thing. If it fails then the cash injection would not be cumbersome.

Good luck

I think this was basically the plan.

tesuhoha

FatVonD wrote: »

My local big supermarket are always desperate for online shoppers as not many people will work the antisocial hours (4am -8am) perhaps yours is the same?

I don't know about that but he is looking on job sites atm and last night was working on his cv. Personally, I would rather he got a job and I hope the lack of money will motivate him. I paid his phone bill because he does need it to look for work.

Mojisola

tesuhoha wrote: »

I paid his phone bill because he does need it to look for work.

You could have got him to work for the money doing things at home before giving it to him.

barba

tesuhoha wrote: »

I think this was basically the plan.

So what's all the fuss about then?

sulkisu

tesuhoha wrote: »

I've just done an internet search and there are people already providing the service I am talking about. Not many, but there are some companies set up. We may already be too late with it but it is not the idea that is faulty, just that too many people may already be doing it.

The problem seems to be that you and your husband are both running around and bending over backwards, trying to make your son's life better. He is a 25 year old man, and until you both start treating him as such, you might as well get used to the situation because it will never change. He's the one who should be researching business ideas, etc. Instead it sounds like he's just sitting on his backside, waiting for you both to sort his life out for him.

fabforty

tesuhoha wrote: »

I don't know about that but he is looking on job sites atm and last night was working on his cv. Personally, I would rather he got a job and I hope the lack of money will motivate him. I paid his phone bill because he does need it to look for work.[/QUOTE]



If you have a landline, then he doesn't need a phone. Alternatively a pay as you go phone will work perfectly well for incoming calls (from prospective employers), even without credit.

sooty&sweep

Hi
Have you enquired to see if anyone is offering free business start up advice in your area to help you pull together a business plan so you could see how viable the business idea is. They'll also be able to tell you about any funding that is available. Ones I'd suggest you look at are New Enterprise Allowance that is something you could look at if you're entitled to if you are eligible to claim benefits. It may mean that your son will need to sign on for jsa though. Another thing to look at are Start Up loans which in some circumstances can offer loans.
These could possibly help your son to start up without putting your money at risk.
Jen

whodathunkit

tesuhoha wrote: »

We will research it first because what point is there in talking about it to him if too many people are already doing it?

I thought your husband was going to talk to him tonight after work?