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How can I initiate a talk of money with my friend about his business idea?
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This is kind of a follow up to How to decline additional help when friend won't take no for an answer
My friend has a business idea that he wants me to build an app for. I'm still deciding my level of involvement. I am ok doing a little work for free for the experience but my friend isn't technical and some of the stuff he wants done he doesn't realize how time consuming and complex it would be.
He has mentioned he could pay me for some of the work. If this could pay like a regular job, that would change things. But I'm not sure if he has the money or is getting lost in has day dream. I'm not expert on start ups, but don't you normally need investors to put in money?
How can I ask my friend how I would know he could pay me? (note, I carefully chose the word could and not would) He doesn't drive a new fancy car or anything, but maybe he does have money set aside for this. How can I find out?
friends boundaries money
edited 20 mins ago
DDD
6481122
asked 2 hours ago
SamW
413
New contributor
SamW is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
add a comment |Â
up vote
3
down vote
favorite
This is kind of a follow up to How to decline additional help when friend won't take no for an answer
My friend has a business idea that he wants me to build an app for. I'm still deciding my level of involvement. I am ok doing a little work for free for the experience but my friend isn't technical and some of the stuff he wants done he doesn't realize how time consuming and complex it would be.
He has mentioned he could pay me for some of the work. If this could pay like a regular job, that would change things. But I'm not sure if he has the money or is getting lost in has day dream. I'm not expert on start ups, but don't you normally need investors to put in money?
How can I ask my friend how I would know he could pay me? (note, I carefully chose the word could and not would) He doesn't drive a new fancy car or anything, but maybe he does have money set aside for this. How can I find out?
friends boundaries money
edited 20 mins ago
DDD
6481122
asked 2 hours ago
SamW
413
New contributor
SamW is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
add a comment |Â
up vote
3
down vote
favorite
up vote
3
down vote
favorite
This is kind of a follow up to How to decline additional help when friend won't take no for an answer
My friend has a business idea that he wants me to build an app for. I'm still deciding my level of involvement. I am ok doing a little work for free for the experience but my friend isn't technical and some of the stuff he wants done he doesn't realize how time consuming and complex it would be.
He has mentioned he could pay me for some of the work. If this could pay like a regular job, that would change things. But I'm not sure if he has the money or is getting lost in has day dream. I'm not expert on start ups, but don't you normally need investors to put in money?
How can I ask my friend how I would know he could pay me? (note, I carefully chose the word could and not would) He doesn't drive a new fancy car or anything, but maybe he does have money set aside for this. How can I find out?
friends boundaries money
edited 20 mins ago
DDD
6481122
asked 2 hours ago
SamW
413
New contributor
SamW is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
This is kind of a follow up to How to decline additional help when friend won't take no for an answer
My friend has a business idea that he wants me to build an app for. I'm still deciding my level of involvement. I am ok doing a little work for free for the experience but my friend isn't technical and some of the stuff he wants done he doesn't realize how time consuming and complex it would be.
He has mentioned he could pay me for some of the work. If this could pay like a regular job, that would change things. But I'm not sure if he has the money or is getting lost in has day dream. I'm not expert on start ups, but don't you normally need investors to put in money?
How can I ask my friend how I would know he could pay me? (note, I carefully chose the word could and not would) He doesn't drive a new fancy car or anything, but maybe he does have money set aside for this. How can I find out?
friends boundaries money
friends boundaries money
edited 20 mins ago
DDD
6481122
asked 2 hours ago
SamW
413
New contributor
SamW is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
edited 20 mins ago
DDD
6481122
asked 2 hours ago
SamW
413
New contributor
SamW is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
edited 20 mins ago
DDD
6481122
edited 20 mins ago
DDD
6481122
edited 20 mins ago
DDD
6481122
6481122
asked 2 hours ago
SamW
413
New contributor
SamW is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked 2 hours ago
SamW
413
asked 2 hours ago
SamW
413
413
New contributor
SamW is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
New contributor
SamW is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
SamW is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
add a comment |Â
add a comment |Â
3 Answers
3
active
oldest
votes
up vote
2
down vote
I don't think you should make any attempt to enquire about your friends financial position, or capacity to pay.
Whether your friend COULD pay you, is not the question you need to have answered. You need to know if your friend WILL pay you.
You need to be very careful with how you approach this. Many friendships have been completely destroyed because of money.
To avoid this, I think you need to be up-front with your friend about the complexity of the work, and how long it will take you, and accordingly how much it will cost.
This is a business idea, not a charity. You shouldn't be paid for "some" of the work. You should be paid for all of it. The only exception is if you are going to be a partner in the business, and will share the profits.
I suggest you decide on your hourly rate, figure out how long it will take you, and simply give your friend a formal quote.
If you do this work for free, you will end up resenting your friend because of it. If you don't tell him how much it will cost up-front, and then ask him for the money later, he will resent you.
Agree on all rates up-front, and everyone will be better off for it.
The only other piece of advise I can offer. Ensure your friend sticks to whatever payment schedule you agree on up-front. Don't just let invoices slide with the assumption he will pay you eventually.
I had a situation some years ago where I was doing work for someone I considered a good friend. Because he was a friend I didn't worry too much when he was a few months late paying my invoices. However the months turned into years, and all I heard from him was excuses when I brought it up. After about 4 years of constant stress and constant hassles, I finally got most (not all) of my money. Needless to say, we are not friends anymore, and I would never consider doing work for him again.
answered 1 hour ago
user1751825
1,247213
add a comment |Â
up vote
1
down vote
I would be frank with him; have a one-on-one and let him know that you can do some smaller work for him to help him out, or do larger tasks that will take a lot of time and effort to complete, but will cost. Then have a discussion about the his/the company's finances and negotiate pay that you both feel is fair.
Things you need to consider is that a non-funded start-up generally has very little money aside from his personal investments, so it is important that you both figure out if he can afford your services, and if you have the time to work for him, assuming you already have a job. This will affect both the quality and time in which you can deliver a working product, and he needs to be aware of that.
A friend of mine was in a similiar situation, but ultimately decided (after having a long discussion about the other friend's vision, finances, strategy, market research etc) that he could not provide a product within a reasonable time-frame for the amount of money that he would have been paid (very little compared to his full-time job). He did not want to work nights and weekends for a meager sum, and he also did not feel that the risk of joining a start-up was worth it given the fact that the owner was mostly winging it, strategy and planning-wise.
answered 2 hours ago
JCJ
1,621321
1
...and ensure if you do start work on anything for him that you both agree you will be paid up to half of the fee up front. Non-refundable. This protects you both.
– Matthew E Cornish
2 hours ago
add a comment |Â
up vote
0
down vote
In short -
Keep your friendship separate from the work. You can allow him discount. Don't think about he has money or not
Further Explanation
Being a friend you can allow some discount on his work. Better to talk initially about the money because you are going to put your time, efforts and skill.
Arrange a meeting.
You can tell him
We are good friends. Don't worry, I can give you good discount. I can also allow to pay this money in installments
If he becomes ready then you can discuss following points,
- First, discuss about all the required technical stuff, its
difficulty level, whether it needs any kind of research or not, how
much time it requires. Convince him by writing on paper (if possible). - you have to think market price for this work and you can apply the
discount whatever you think is better. Or, you can negotiate on
discount in friendly atmosphere. Don't hesitate to speak freely
because the money matter should not affect on your friendship.
At this moment, you don't know how much money he has and no need to think about this because I am considering you already going to
allow him good discount.- Discuss about the installment amount and period according to his
convenience (if possible) - Installment after the stages of work completion
- Take 30 or 40% advance amount (or first installment) before starting the work.
- If possible, write all the discussed points on paper. Give him one
copy and keep another copy with you.
My experience - Before some days, I was in a urgent need of some technical work. I thought to outsource it to someone. I asked to my one friend. He became ready to complete that work. From my side, initially, I had asked him 4 times about money - "Please tell me, What is your total fee about this work?". He has ignored the money matter because we were friends and later he delayed the work by 3 months. At the end, he demanded huge amount from me. That work did not deserve for that amount of money. We had argument and it affects on our friendship. So, better to talk initially about time and money. Money motivates anyone to complete the work properly.
answered 1 hour ago
DDD
6481122
add a comment |Â
3 Answers
3
active
oldest
votes
3 Answers
3
active
oldest
votes
active
oldest
votes
active
oldest
votes
up vote
2
down vote
I don't think you should make any attempt to enquire about your friends financial position, or capacity to pay.
Whether your friend COULD pay you, is not the question you need to have answered. You need to know if your friend WILL pay you.
You need to be very careful with how you approach this. Many friendships have been completely destroyed because of money.
To avoid this, I think you need to be up-front with your friend about the complexity of the work, and how long it will take you, and accordingly how much it will cost.
This is a business idea, not a charity. You shouldn't be paid for "some" of the work. You should be paid for all of it. The only exception is if you are going to be a partner in the business, and will share the profits.
I suggest you decide on your hourly rate, figure out how long it will take you, and simply give your friend a formal quote.
If you do this work for free, you will end up resenting your friend because of it. If you don't tell him how much it will cost up-front, and then ask him for the money later, he will resent you.
Agree on all rates up-front, and everyone will be better off for it.
The only other piece of advise I can offer. Ensure your friend sticks to whatever payment schedule you agree on up-front. Don't just let invoices slide with the assumption he will pay you eventually.
I had a situation some years ago where I was doing work for someone I considered a good friend. Because he was a friend I didn't worry too much when he was a few months late paying my invoices. However the months turned into years, and all I heard from him was excuses when I brought it up. After about 4 years of constant stress and constant hassles, I finally got most (not all) of my money. Needless to say, we are not friends anymore, and I would never consider doing work for him again.
answered 1 hour ago
user1751825
1,247213
add a comment |Â
up vote
2
down vote
I don't think you should make any attempt to enquire about your friends financial position, or capacity to pay.
Whether your friend COULD pay you, is not the question you need to have answered. You need to know if your friend WILL pay you.
You need to be very careful with how you approach this. Many friendships have been completely destroyed because of money.
To avoid this, I think you need to be up-front with your friend about the complexity of the work, and how long it will take you, and accordingly how much it will cost.
This is a business idea, not a charity. You shouldn't be paid for "some" of the work. You should be paid for all of it. The only exception is if you are going to be a partner in the business, and will share the profits.
I suggest you decide on your hourly rate, figure out how long it will take you, and simply give your friend a formal quote.
If you do this work for free, you will end up resenting your friend because of it. If you don't tell him how much it will cost up-front, and then ask him for the money later, he will resent you.
Agree on all rates up-front, and everyone will be better off for it.
The only other piece of advise I can offer. Ensure your friend sticks to whatever payment schedule you agree on up-front. Don't just let invoices slide with the assumption he will pay you eventually.
I had a situation some years ago where I was doing work for someone I considered a good friend. Because he was a friend I didn't worry too much when he was a few months late paying my invoices. However the months turned into years, and all I heard from him was excuses when I brought it up. After about 4 years of constant stress and constant hassles, I finally got most (not all) of my money. Needless to say, we are not friends anymore, and I would never consider doing work for him again.
answered 1 hour ago
user1751825
1,247213
add a comment |Â
up vote
2
down vote
up vote
2
down vote
I don't think you should make any attempt to enquire about your friends financial position, or capacity to pay.
Whether your friend COULD pay you, is not the question you need to have answered. You need to know if your friend WILL pay you.
You need to be very careful with how you approach this. Many friendships have been completely destroyed because of money.
To avoid this, I think you need to be up-front with your friend about the complexity of the work, and how long it will take you, and accordingly how much it will cost.
This is a business idea, not a charity. You shouldn't be paid for "some" of the work. You should be paid for all of it. The only exception is if you are going to be a partner in the business, and will share the profits.
I suggest you decide on your hourly rate, figure out how long it will take you, and simply give your friend a formal quote.
If you do this work for free, you will end up resenting your friend because of it. If you don't tell him how much it will cost up-front, and then ask him for the money later, he will resent you.
Agree on all rates up-front, and everyone will be better off for it.
The only other piece of advise I can offer. Ensure your friend sticks to whatever payment schedule you agree on up-front. Don't just let invoices slide with the assumption he will pay you eventually.
I had a situation some years ago where I was doing work for someone I considered a good friend. Because he was a friend I didn't worry too much when he was a few months late paying my invoices. However the months turned into years, and all I heard from him was excuses when I brought it up. After about 4 years of constant stress and constant hassles, I finally got most (not all) of my money. Needless to say, we are not friends anymore, and I would never consider doing work for him again.
answered 1 hour ago
user1751825
1,247213
I don't think you should make any attempt to enquire about your friends financial position, or capacity to pay.
Whether your friend COULD pay you, is not the question you need to have answered. You need to know if your friend WILL pay you.
You need to be very careful with how you approach this. Many friendships have been completely destroyed because of money.
To avoid this, I think you need to be up-front with your friend about the complexity of the work, and how long it will take you, and accordingly how much it will cost.
This is a business idea, not a charity. You shouldn't be paid for "some" of the work. You should be paid for all of it. The only exception is if you are going to be a partner in the business, and will share the profits.
I suggest you decide on your hourly rate, figure out how long it will take you, and simply give your friend a formal quote.
If you do this work for free, you will end up resenting your friend because of it. If you don't tell him how much it will cost up-front, and then ask him for the money later, he will resent you.
Agree on all rates up-front, and everyone will be better off for it.
The only other piece of advise I can offer. Ensure your friend sticks to whatever payment schedule you agree on up-front. Don't just let invoices slide with the assumption he will pay you eventually.
I had a situation some years ago where I was doing work for someone I considered a good friend. Because he was a friend I didn't worry too much when he was a few months late paying my invoices. However the months turned into years, and all I heard from him was excuses when I brought it up. After about 4 years of constant stress and constant hassles, I finally got most (not all) of my money. Needless to say, we are not friends anymore, and I would never consider doing work for him again.
answered 1 hour ago
user1751825
1,247213
answered 1 hour ago
user1751825
1,247213
answered 1 hour ago
user1751825
1,247213
answered 1 hour ago
user1751825
1,247213
1,247213
add a comment |Â
add a comment |Â
up vote
1
down vote
I would be frank with him; have a one-on-one and let him know that you can do some smaller work for him to help him out, or do larger tasks that will take a lot of time and effort to complete, but will cost. Then have a discussion about the his/the company's finances and negotiate pay that you both feel is fair.
Things you need to consider is that a non-funded start-up generally has very little money aside from his personal investments, so it is important that you both figure out if he can afford your services, and if you have the time to work for him, assuming you already have a job. This will affect both the quality and time in which you can deliver a working product, and he needs to be aware of that.
A friend of mine was in a similiar situation, but ultimately decided (after having a long discussion about the other friend's vision, finances, strategy, market research etc) that he could not provide a product within a reasonable time-frame for the amount of money that he would have been paid (very little compared to his full-time job). He did not want to work nights and weekends for a meager sum, and he also did not feel that the risk of joining a start-up was worth it given the fact that the owner was mostly winging it, strategy and planning-wise.
answered 2 hours ago
JCJ
1,621321
1
...and ensure if you do start work on anything for him that you both agree you will be paid up to half of the fee up front. Non-refundable. This protects you both.
– Matthew E Cornish
2 hours ago
add a comment |Â
up vote
1
down vote
I would be frank with him; have a one-on-one and let him know that you can do some smaller work for him to help him out, or do larger tasks that will take a lot of time and effort to complete, but will cost. Then have a discussion about the his/the company's finances and negotiate pay that you both feel is fair.
Things you need to consider is that a non-funded start-up generally has very little money aside from his personal investments, so it is important that you both figure out if he can afford your services, and if you have the time to work for him, assuming you already have a job. This will affect both the quality and time in which you can deliver a working product, and he needs to be aware of that.
A friend of mine was in a similiar situation, but ultimately decided (after having a long discussion about the other friend's vision, finances, strategy, market research etc) that he could not provide a product within a reasonable time-frame for the amount of money that he would have been paid (very little compared to his full-time job). He did not want to work nights and weekends for a meager sum, and he also did not feel that the risk of joining a start-up was worth it given the fact that the owner was mostly winging it, strategy and planning-wise.
answered 2 hours ago
JCJ
1,621321
1
...and ensure if you do start work on anything for him that you both agree you will be paid up to half of the fee up front. Non-refundable. This protects you both.
– Matthew E Cornish
2 hours ago
add a comment |Â
up vote
1
down vote
up vote
1
down vote
I would be frank with him; have a one-on-one and let him know that you can do some smaller work for him to help him out, or do larger tasks that will take a lot of time and effort to complete, but will cost. Then have a discussion about the his/the company's finances and negotiate pay that you both feel is fair.
Things you need to consider is that a non-funded start-up generally has very little money aside from his personal investments, so it is important that you both figure out if he can afford your services, and if you have the time to work for him, assuming you already have a job. This will affect both the quality and time in which you can deliver a working product, and he needs to be aware of that.
A friend of mine was in a similiar situation, but ultimately decided (after having a long discussion about the other friend's vision, finances, strategy, market research etc) that he could not provide a product within a reasonable time-frame for the amount of money that he would have been paid (very little compared to his full-time job). He did not want to work nights and weekends for a meager sum, and he also did not feel that the risk of joining a start-up was worth it given the fact that the owner was mostly winging it, strategy and planning-wise.
answered 2 hours ago
JCJ
1,621321
I would be frank with him; have a one-on-one and let him know that you can do some smaller work for him to help him out, or do larger tasks that will take a lot of time and effort to complete, but will cost. Then have a discussion about the his/the company's finances and negotiate pay that you both feel is fair.
Things you need to consider is that a non-funded start-up generally has very little money aside from his personal investments, so it is important that you both figure out if he can afford your services, and if you have the time to work for him, assuming you already have a job. This will affect both the quality and time in which you can deliver a working product, and he needs to be aware of that.
A friend of mine was in a similiar situation, but ultimately decided (after having a long discussion about the other friend's vision, finances, strategy, market research etc) that he could not provide a product within a reasonable time-frame for the amount of money that he would have been paid (very little compared to his full-time job). He did not want to work nights and weekends for a meager sum, and he also did not feel that the risk of joining a start-up was worth it given the fact that the owner was mostly winging it, strategy and planning-wise.
answered 2 hours ago
JCJ
1,621321
answered 2 hours ago
JCJ
1,621321
answered 2 hours ago
JCJ
1,621321
answered 2 hours ago
JCJ
1,621321
1,621321
1
...and ensure if you do start work on anything for him that you both agree you will be paid up to half of the fee up front. Non-refundable. This protects you both.
– Matthew E Cornish
2 hours ago
add a comment |Â
1
...and ensure if you do start work on anything for him that you both agree you will be paid up to half of the fee up front. Non-refundable. This protects you both.
– Matthew E Cornish
2 hours ago
1
1
...and ensure if you do start work on anything for him that you both agree you will be paid up to half of the fee up front. Non-refundable. This protects you both.
– Matthew E Cornish
2 hours ago
...and ensure if you do start work on anything for him that you both agree you will be paid up to half of the fee up front. Non-refundable. This protects you both.
– Matthew E Cornish
2 hours ago
add a comment |Â
up vote
0
down vote
In short -
Keep your friendship separate from the work. You can allow him discount. Don't think about he has money or not
Further Explanation
Being a friend you can allow some discount on his work. Better to talk initially about the money because you are going to put your time, efforts and skill.
Arrange a meeting.
You can tell him
We are good friends. Don't worry, I can give you good discount. I can also allow to pay this money in installments
If he becomes ready then you can discuss following points,
- First, discuss about all the required technical stuff, its
difficulty level, whether it needs any kind of research or not, how
much time it requires. Convince him by writing on paper (if possible). - you have to think market price for this work and you can apply the
discount whatever you think is better. Or, you can negotiate on
discount in friendly atmosphere. Don't hesitate to speak freely
because the money matter should not affect on your friendship.
At this moment, you don't know how much money he has and no need to think about this because I am considering you already going to
allow him good discount.- Discuss about the installment amount and period according to his
convenience (if possible) - Installment after the stages of work completion
- Take 30 or 40% advance amount (or first installment) before starting the work.
- If possible, write all the discussed points on paper. Give him one
copy and keep another copy with you.
My experience - Before some days, I was in a urgent need of some technical work. I thought to outsource it to someone. I asked to my one friend. He became ready to complete that work. From my side, initially, I had asked him 4 times about money - "Please tell me, What is your total fee about this work?". He has ignored the money matter because we were friends and later he delayed the work by 3 months. At the end, he demanded huge amount from me. That work did not deserve for that amount of money. We had argument and it affects on our friendship. So, better to talk initially about time and money. Money motivates anyone to complete the work properly.
answered 1 hour ago
DDD
6481122
add a comment |Â
up vote
0
down vote
In short -
Keep your friendship separate from the work. You can allow him discount. Don't think about he has money or not
Further Explanation
Being a friend you can allow some discount on his work. Better to talk initially about the money because you are going to put your time, efforts and skill.
Arrange a meeting.
You can tell him
We are good friends. Don't worry, I can give you good discount. I can also allow to pay this money in installments
If he becomes ready then you can discuss following points,
- First, discuss about all the required technical stuff, its
difficulty level, whether it needs any kind of research or not, how
much time it requires. Convince him by writing on paper (if possible). - you have to think market price for this work and you can apply the
discount whatever you think is better. Or, you can negotiate on
discount in friendly atmosphere. Don't hesitate to speak freely
because the money matter should not affect on your friendship.
At this moment, you don't know how much money he has and no need to think about this because I am considering you already going to
allow him good discount.- Discuss about the installment amount and period according to his
convenience (if possible) - Installment after the stages of work completion
- Take 30 or 40% advance amount (or first installment) before starting the work.
- If possible, write all the discussed points on paper. Give him one
copy and keep another copy with you.
My experience - Before some days, I was in a urgent need of some technical work. I thought to outsource it to someone. I asked to my one friend. He became ready to complete that work. From my side, initially, I had asked him 4 times about money - "Please tell me, What is your total fee about this work?". He has ignored the money matter because we were friends and later he delayed the work by 3 months. At the end, he demanded huge amount from me. That work did not deserve for that amount of money. We had argument and it affects on our friendship. So, better to talk initially about time and money. Money motivates anyone to complete the work properly.
answered 1 hour ago
DDD
6481122
add a comment |Â
up vote
0
down vote
up vote
0
down vote
In short -
Keep your friendship separate from the work. You can allow him discount. Don't think about he has money or not
Further Explanation
Being a friend you can allow some discount on his work. Better to talk initially about the money because you are going to put your time, efforts and skill.
Arrange a meeting.
You can tell him
We are good friends. Don't worry, I can give you good discount. I can also allow to pay this money in installments
If he becomes ready then you can discuss following points,
- First, discuss about all the required technical stuff, its
difficulty level, whether it needs any kind of research or not, how
much time it requires. Convince him by writing on paper (if possible). - you have to think market price for this work and you can apply the
discount whatever you think is better. Or, you can negotiate on
discount in friendly atmosphere. Don't hesitate to speak freely
because the money matter should not affect on your friendship.
At this moment, you don't know how much money he has and no need to think about this because I am considering you already going to
allow him good discount.- Discuss about the installment amount and period according to his
convenience (if possible) - Installment after the stages of work completion
- Take 30 or 40% advance amount (or first installment) before starting the work.
- If possible, write all the discussed points on paper. Give him one
copy and keep another copy with you.
My experience - Before some days, I was in a urgent need of some technical work. I thought to outsource it to someone. I asked to my one friend. He became ready to complete that work. From my side, initially, I had asked him 4 times about money - "Please tell me, What is your total fee about this work?". He has ignored the money matter because we were friends and later he delayed the work by 3 months. At the end, he demanded huge amount from me. That work did not deserve for that amount of money. We had argument and it affects on our friendship. So, better to talk initially about time and money. Money motivates anyone to complete the work properly.
answered 1 hour ago
DDD
6481122
In short -
Keep your friendship separate from the work. You can allow him discount. Don't think about he has money or not
Further Explanation
Being a friend you can allow some discount on his work. Better to talk initially about the money because you are going to put your time, efforts and skill.
Arrange a meeting.
You can tell him
We are good friends. Don't worry, I can give you good discount. I can also allow to pay this money in installments
If he becomes ready then you can discuss following points,
- First, discuss about all the required technical stuff, its
difficulty level, whether it needs any kind of research or not, how
much time it requires. Convince him by writing on paper (if possible). - you have to think market price for this work and you can apply the
discount whatever you think is better. Or, you can negotiate on
discount in friendly atmosphere. Don't hesitate to speak freely
because the money matter should not affect on your friendship.
At this moment, you don't know how much money he has and no need to think about this because I am considering you already going to
allow him good discount.- Discuss about the installment amount and period according to his
convenience (if possible) - Installment after the stages of work completion
- Take 30 or 40% advance amount (or first installment) before starting the work.
- If possible, write all the discussed points on paper. Give him one
copy and keep another copy with you.
My experience - Before some days, I was in a urgent need of some technical work. I thought to outsource it to someone. I asked to my one friend. He became ready to complete that work. From my side, initially, I had asked him 4 times about money - "Please tell me, What is your total fee about this work?". He has ignored the money matter because we were friends and later he delayed the work by 3 months. At the end, he demanded huge amount from me. That work did not deserve for that amount of money. We had argument and it affects on our friendship. So, better to talk initially about time and money. Money motivates anyone to complete the work properly.
answered 1 hour ago
DDD
6481122
edited 53 mins ago
answered 1 hour ago
DDD
6481122
answered 1 hour ago
DDD
6481122
answered 1 hour ago
DDD
6481122
6481122
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