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One of the most obvious drawbacks of working with an angel investor is the fact that the investor will likely have a large degree of control over the company.

From developing plans and finding funding to researching markets and understanding regulations, the process is lengthy and complex.

Small business owners often face a number of challenges when it comes to securing funding for their ventures. Banks and traditional lenders can be difficult to work with, and venture capital firms may not be interested in businesses that are still in the early stages of development.