Raising money from friends and family is something I would not recommend. If the business fails you will have a lot of broken relationships unless the lenders have enough money to not care.
Dave Ramsey talks about personal lending and recommends that you treat it as a gift, not a loan, because it can be so destructive.
It also only works if you come from a relatively rich family or have a rich social circle. Not everyone can tap that.
This right here is something way too few people understand. I basically had to unlearn a lot of bad habits from my family before I could get myself sorted and on a path to financial stability.