Repair Addendum-Work For Equity,
Pros and cons of working for equity
If you have just started a new venture, getting clients can be very hard. No one likes to pay someone with little to no experience. But some of the entrepreneurs have found a way around this. They offer their services to their clients and take equity in return instead of money. The clients are also inclined to do so as it reduces the risk for them. If you run a startup, you should definitely consider this option. It will help you get new clients much easily. However, working for equity can be a little problematic. Even the people who have used this method are not sure whether it is a good or a bad thing. Thus before you opt for this option, you should take into account the pros and cons of this.
The biggest benefit of doing this is that you get clients easily. Even if you do not earn much from it you are able to gain some experience. As people to know about your work you will eventually get some actual work that pays really well. And you are gaining something from it. The equity can be useful to you. Thus working for equity is always better than not working at all.
The main problem of this method is that the equity might be absolutely useless for you. In some cases it might just be an inconvenience to you and nothing more. In such situations you will only be making things worse by choosing to work for equity.
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