Is it best to be on the property ladder before you start your own business? -

Hello everyone, I am 24 years of age, and really want to start my own food based business. I am currently saving as much as I can to get myself in a position where the only outgoings I have are my rental commitments, and also have personal savings to invest into the business. I am not yet on the property ladder (would love to be), as I am not sure if it is best to have a mortgage/property to put up against the business if things went wrong, or if it s best to start up just as I am, renting. The monthly outgoings to pay either the rent or mortgage repayments would be roughly the same, although obviously you are committed to a much larger overall figure with a mortgage. Does anyone have any thoughts or have experienced a similar predicament?

Its better but not a requirement.