Here are some good reasons to go into debt on your new venture rather than pulling in investors and giving up ownership and some control. If you have a complex service then attracting investors and or partners which will also add a specific expertise to your operation can make sense but if you’re only after their money then borrowing or taking on debt is usually your first best choice.
Reasons to borrow include:
Borrow from friends and family, from your own savings and home equity when possible and take on finance debt to cover the balance. Layout a budget and plan that takes small, careful steps to get your business going and do not consider investor debt unless you are taking on a working partner that adds a particular needed expertise to your business. Financing your own venture will help you sleep better and have greater control of your own destiny.