Investing in a small business start up?

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Perhaps like many people today, you have a friend or relative who has a great talent and passion and you’ve decided to help that entrepreneur realize his or her dreams by providing start-up capital.  You know that your friend or relative is terrific at the substance of the business – that’s why you decided to invest.  But don’t assume that he understands the basics of good business organization and operations.  Keeping track of income and expenditures, monitoring time usage, measuring profitability by product - it’s worth the investment to set these systems up at the beginning.