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  • Mike

    Administrator
    October 19, 2020 at 8:50 pm

    Nighttrain,

    It depends on your situation and the type of business. Generally there is a trade off: with equity you have a “forever” partner that gets part of your earnings as long as you own the business (or buy them out). But the risk of failure is on them, if you fail you don’t have to pay the money back. With a loan you have to pay it back no matter what (normally you will have to guarantee a loan), but then you are free and clear.

    There is a long, more explained description in our free book, download it and take a look: https://galaxyofstars.org/free-copy-of-start-up-book/

    Good Luck! And let us know if you have any more questions.

    HS1, Hidden Star expert