When They Want to Start Something Instead · Course check

Course check

3 questions. Get them all right and the Not the Plan seal is yours. Get one wrong and you can reread and try again — as many times as you like, and nothing is recorded against you.

1. What does responding first with risk usually achieve?

   It stops the venture before money is lostIt stops the telling, not the doingIt establishes the parent’s experience

2. Why are investor-style questions more useful than objections?

   They are harder for a young person to answerThey demonstrate that you understand businessThey make the idea more real without approving or refusing it

3. What should be decided before any money changes hands?

   Whether it is a loan, a gift or an investment, said out loudWhat share of the profits the parent receivesWhether the venture is likely to succeed