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Reading posts like these I think my family is right and I am wrong. Every time my family business faces financial turbulence, I question why does the business not take equity funding. And every time I get an emphatic No as an answer. The reason being that this not only loses control of the business and hence freedom, but it also increases stress. It is better to grow slow and steady. There will be bumps in the road, but at least it will not add unnecessary stress to the already stressful task of running a business.