I know that as a start-up, these sources could potentially help your business to upscale at a very sharp pace and that from the angle of allowing an investor to buy into your business, you could get other added advantage like getting advice and connection that will help boost your business but I'm just curious to ask;
If you have a well thought out business idea but don't have the needed capital to keep it functional, is getting a loan the best option or looking for interested investors?
Would trying to start up the business in your own little way the best option or can you consider bringing a third party into the business who will just serve as a partner that contributes just money?
As for me, if I have any good idea for a business and I am 80% sure that I will be successful, I will prefer to go for a loan. However, if the conditions of the loan do not suit my business because of the interest, I will try to get interested partners who can support me financially. Partnership in business is very good because you will always get support from others and additional opportunities for boosting the business.
If In business, nobody is 100% guaranteed to be successful loan is too risk to startup business.but With partnership, the risk on me will be reduced in case anything goes wrong later in the business. I have seen some people be successful with their business, but due to natural disasters, sometimes things go wrong business start to collapse. Additionally, if your business involves a partnership, even if you are no longer alive, the business can continue and your family will surely be benefit from it.