Balancing Ownership and Growth: The Funding Dilemma for Startups?

One of the most critical decisions entrepreneurs face is whether to bootstrap their business or seek external funding. While bootstrapping allows for full ownership, it can limit growth potential. On the other hand, external funding can accelerate growth but often comes at the cost of giving up equity or control. This problem statement delves into the pros and cons of each approach, helping beginners make informed decisions about the best funding strategy for their unique business goals.