The Learning Journal is a space where you should reflect on what was learned during the week and how it applies to your daily life and will help you with your life (career) goals. For this weeks activity, you will provide information on long-term liability concerning financing a business. Please complete the following tasks:

1. You are about to buy a business that is worth $200,000, but you do not have enough money to purchase the business entirely. You have a total of $90,000 in savings and you are looking at different financing options. Provide information for the following:

Explain the advantages of equity financing and debt financing Explain the disadvantages of equity financing and debt financing Provide an example of equity financing Provide an example of debt financing Explain which type of long-term liability financing you would choose to buy the business?

2. Provide a suggestion for future business owners on financing that you have learned from Unit 7 Learning journal assignment.

3. What did you learn about yourself as a potential business owner while completing this assignment that you did not know about yourself prior? Be sure that your Learning Journal entry is a minimum of 500 words. Make sure you cite and reference your sources of information in the APA format.