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Tips For Small Businesses

4 Important Business Partners who Don’t Need Equity

Most small business owners will reach a point where they need to decide between taking on a partner by giving up equity, or gain whatever that individual has through debt or a large salary. This can happen when a business grows too fast and needs money to fill orders, when a new revenue avenue is opened up and someone with a specific skillset is needed, or when the business owner decides to bring in someone else to help with the business side of running the business. In any of these instances, the small business owners will run into someone who will offer their services or money in exchange for equity. Unfortunately, this can be a costly proposition in the long run. As such, many small …

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