If you can get someone to do something without giving them a stake in your business, it’s always better, Moore said. People get wrapped up in the idea of needing to work with someone, but it’s not always a good idea. Sometimes you need somebody to show up from 9 to 5, work hard and go home, he said.
“If you’re cash poor, or it’s a startup and you don’t expect to make money right away, taking on a partner might be the better option,” Moore said. “But if you can just pay somebody to show up and work, it’s generally a better option than giving them a stake in the company.”
And now a bonus question …
