There are pros and cons with different types of hosting but there isn’t a right or wrong.  It really depends on your business type, business growth, and business need.  Shared hosting means much of the controls/settings are preset and your website is on the same server as other websites, while with VPS and Dedicated servers your website is with more freedom under the controls of the website owner.

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What is your web design requirement?
Which platform is your website built on?
What type of business is this for?
What industry do you operate in?
When would you like the website to go live/be updated?
What is your estimated budget for this project?
How likely are you to make a hiring decision?
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