Consider this decision carefully. Most businesses tend to grow quickly or they never get off the ground. There are a few exceptions that grow at a modest rate, but these are few. Thus, buying a piece of property and setting up your business on or within that property obligates you to ownership regardless of what happens to your business. However, leases are also a risk.
Most leases are strong contracts written to the advantage of the property owner.
When you sign an agreement to pay someone for the use of their space over any length of time, you're agreeing to pay for that space regardless of what happens to your business. Therefore, in the beginning it's wise to either get the shortest-term lease possible or arrange to rent with an option to lease at a later date. If your enterprise is a retail business, however, seek out a short-term lease in a prime location. Immediately after you decide to open your business, open a business bank account. Scout around and look for a bank that can and will help you with your financial needs.