Borrow Money From Friends, But Pay Special Attention To The Promissory Note

Borrow money from friends and relatives only after careful consideration. Having a fantastic money-making idea but bad credit may point you in the direction of family and friends.

Financial risk will always be part and parcel of any loan. Borrowing money from family and friends highlights a double whammy though. Risk and emotional challenges.

A well rounded, thoroughly researched business plan can be very effective though. It can lower the risk involved and at the same time allay any fears of emotional challenges.

These issues should already have been settled by the time you discuss the promissory note. The promissory note will require a mutually well thought out plan before it is signed.

The Promissory Note

The promissory note is your promise to pay back the loan. The repayment of the loan is set out in the schedule outlined in the promissory note. All successful loans have as their foundation this type of note.

Without it not only would financial protection for the lender be in jeopardy, so would the relationship. The following are some of the protections that the promissory note provides:

1. It sets out repayment dates.
2. It also sets out repayment amounts.
3. Outlines agreed upon grace periods.
4. Indicates first repayment date and final repayment date.
5. Sets out interest rates.
6. Nullifies confusion, and protects the relationship.

When you borrow money, always observe and gauge your lender. An apprehensive yes may mean yes because of your relationship. But otherwise it would have been no. You could allay that apprehensive yes by offering to secure the loan.

You could put up your brand new Chrysler Jeep as security. This may be just the thing that turns the apprehensive yes into a full-fledged yes, with a smile. You have to gauge that sort of response. Be prepared.

Maybe your lenders concern is not the security but the low interest rate. Stay in the zone. You know the person. Again, be prepared. Make a response. It could be the seasonal nature of your product causing concern. Realistically adjust your payments for that time period.

Have you considered a third party? A third party would diffuse a whole lot of discomfort.

When the note has been signed, and the borrowed money received, you must know when the repayments are due. Should you encounter repayment challenges, immediately communicate with your lender. Do not miss payments and leave your lender in the dark.

Should the need for a readjustment to the repayment schedule be necessary, work it out with your lender. Keep communication lines open. Protect your relationship. You dont want a ruined relationship be the main conversation at thanksgiving.

Wycliffe Williams

Healthy Salad Dressings - Delicious Homemade Salad Dressings

Choose light, healthy salad dressings to enhance your summer salads. Try these healthier homemade alternatives to the traditional vinaigrette dressing.

A salad simply isn't a salad without some dressing - but how can you avoid dousing the whole lot in high-fat dressing, thus ruining any attempt at healthy eating?

Home-made dressings are always a better bet than mass-produced, because you can control exactly what's in them. Many bottled dressings are very highly sweetened, and contain a hefty portion of additives. Keep your dressings pure and simple by making them yourself - they'll taste better, too.

• Use low fat ingredients. If you want a creamy dressing for your salad, use low fat mayonnaise, or low fat or fat free yogurt or fromage frais as a base. Try blending 3/4 cup mayonnaise with 1/4 cup fromage frais for a lighter flavor. Whisk in 2 tbsp vinegar, and flavour with a dash of Dijon mustard, some Worcestershire sauce or fresh chopped herbs.

• Try different oils... Olive oil is a good, healthy choice, but the flavor can be very dominant. Consider lighter oils, such as sunflower and groundnut, or sample a oil extracted from nuts. Walnut and hazelnut oil each have a distinct but subtle flavor which marries well with many different ingredients. To reduce the amount of oil you use, try substituting one-third of the oil with vegetable juice.

• ...and different vinegars. Fruit flavored vinegars, like raspberry, make excellent dressings. Herbal vinegars are also good, or try a variety that contains chilli or garlic. You don't need to use vinegar at all, because citrus juice emulsifies just as well with oil. Try lemon, lime, orange or grapefruit juice. Each one has its own special qualities that add zing to your dressings.

• Measure the quantity. It's all very well making your own delicious, additive-free dressing, but that's not an excuse for sloshing it on with an over-liberal hand. One tbsp of oil-based dressing could add up to 80 calories to your salad, so aim for a light drizzle, rather than pouring it on with abandon.

Next time you make a salad, make the dressing part of the whole dish, not an afterthought. The beauty of home made dressings is that they're very quick to put together. Make healthy salad dressings a regular part of your salad repertoire.

Elizabeth Martyn is author of a great little ebook: 50 Healthy Salad Recipes. On her site Healthy Eating Made Easy, she strives to answer the perennial question "What shall we eat tonight?" with information, tips and recipes. This article may be published electronically or in print in its entirety as long as the author by-lines in the resource box are included and urls kept live.

Music Engineering Schools

Seeking music engineering schools? With multiple programs offering fundamental music education, students can gain a comprehensive education in music recording, audio and sound engineering; in addition, in state-of-the-art recording studios, music students can also learn how to operate digital audio work stations as well as regular control panels.

Music engineering schools are also referred to as recording engineering schools or music production schools, and offer versatile courses with hands on training to give its music education students comprehensive experience and knowledge on how to operate a wide array of audio equipment, computers and software used in recording sessions.

Learning how to facilitate professional recording equipment in a studio setting or control room, music engineering schools instruct students how to manage and control the studio control panel. Whether learning about new music, or how to manipulate beats, breaks or grooves, music engineering school students attain extensive experience on how to mix, use multitrack players and create masters with expert precision.

Music industry related schools vary with curriculum, however, they can consist (on average) anywhere between 900 hours and over 2,000 hours of classroom and hands on instruction. Music career schools will sometimes offer special internships for their students to not only better develop their music recording skills, but to assist them in furthering their academic goals and career aspirations.

While this is a general overview about music engineering schools, if you would like to contribute your own article or expertise about this particular topic, feel free to do so at Media Positive Radio today.

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Author Resource Box

C. Bailey-Lloyd is the Public Relations' Director & Writer for Media Positive Radio -- your online free radio station offering a wide variety of different styles of music and information on Music Engineering Schools and much more.