What private funding techniques do you use?

[Nathan Paisley]

I have a few people family included, possibly even my doctor lol that have come to me and brought up the fact that they would like to invest in my business. We're in the beginning stages of discussions. Now I know it can be structured any which way but I'd like to hear how you are structuring it into your buisness NOW in comparison to when you first started.

Like do's and dont's if you will.

What are your typical terms when discussing with them? 8-12%, any points? Mind you I do not take lightly the fact that I would be using someone else's savings to invest into my company and at no point would I risk their trust, partnership and savings. 

My mindset is that they get paid no matter what even if I don't have dinner on the table for a month. Thoughts?

Thanks Nathan