Your Kid Wants Help Starting a Business? Be Careful

Parents would love to give their kids every opportunity in the world, but when your adult children come to you asking for financial support in starting a business, is it really a good idea? Offering your children advice and encouragement while they begin a new venture is one thing, but financial involvement can put a parent's hard-earned money at risk -- not to mention add stress to the parent-child relationship.

According to the 2016 "BNP Paribas Global Entrepreneurs Report," Millennials are launching more businesses and have greater profit ambitions than their Baby Boomer counterparts had. And as younger generations continue to shift outside the typical 9-to-5 work life, parents must be prepared to guide them appropriately.

Here are a few questions that