A colleague is thinking about pursuing equity financing for their business to raise capital and has asked you as the consultant for advice. He wants to know what an entrepreneur needs to know before pursuing debt financing options. Analyze the advantages and disadvantages of equity financing. The colleague also wants to know if the business is successful, what does it mean for the investor and the entrepreneur. The summary would apply and include these points: (1) Explain how equity financing works; (2) What are the advantages of equity financing?; (3) What are the disadvantages of equity financing?; (4) If a business is successful, what does it mean for the investor and the entrepreneur?