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[AudraMiller]

When it comes to any business proposition that is made or any business that is being ventured into, there are two things that are required in the beginning. You need to have an idea and you need to have capital in order to fund that idea and make it into a business. However one of the big questions that comes about is should the capital come first or should the idea come first and then the capital. In my personal opinion I think that you should have an idea first and then work towards the capital because having an idea shows a sense of passion in that respective field. Therefore you are more likely to be invested into it. However if you have the capital and then trying to decide on an idea to match that value then you may not get involved with something that you are interested in and this could lead to the failure of your business.

What are your thoughts on this? Which do you believe is the first step?

 

[Niftyicon]

I think it is more prudent to have the workable idea first because having the capital first may lead to squandering of the funds before the idea materializes.

 

[Josemendez]

Sure the idea should come first before the capital ,because with the idea , one can be able to secure loan from financial institutions.

 

[GoldenLady]

When it comes to any business proposition that is made or any business that is being ventured into, there are two things that are required in the beginning. You need to have an idea and you need to have capital in order to fund that idea and make it into a business. However one of the big questions that comes about is should the capital come first or should the idea come first and then the capital. In my personal opinion I think that you should have an idea first and then work towards the capital because having an idea shows a sense of passion in that respective field. Therefore you are more likely to be invested into it. However if you have the capital and then trying to decide on an idea to match that value then you may not get involved with something that you are interested in and this could lead to the failure of your business.

What are your thoughts on this? Which do you believe is the first step?

It must not necessarily be so, capital can come before the idea.

This can be done if someone has already had previous experience in business,so you can get the capital before thinking of what to do with it.

 

[Wisdom01]

I think the most needed part is the capital because that is obviously what you are going to make use of to buy the things you would need for your business

 

[BullyMaguire]

Idea first.. because i think if you prioritize funds first the idea will become rush and will more likely to fail.. but it's also will be harder if the idea comes first

 

[BullyMaguire]

It's better to first of all have that business idea before you start thinking on the capital. The business size and the business type will determine what your start up capital would be. Having the business idea preceeds the raising of the capital.

Exactly, with the idea everything will come next. If you have a capital without any idea you will probably only think what's going to fit into your budget

 

[Wisdom01]

Exactly, with the idea everything will come next. If you have a capital without any idea you will probably only think what's going to fit into your budget

I think it would be really hard to start a budget without no capital but just ideas , because the capital is what you will consider on your budget

 

[microunit]

Isn't it the idea that comes first to most people? as I think most people have the idea of what kind of business they want to do but don't have the capital to do so so they turn to borrow some to start the said business

 

[BullyMaguire]

I think it would be really hard to start a budget without no capital but just ideas , because the capital is what you will consider on your budget

Okay just imagine having 1000 dollars to start a business.. but what business can you do that will succeed with that money? You will needto think and fit your idea of business with that amount even if you don't really prefer or know anything about it.

 

[Joy101]

Idea come first in a business then you support it with capital, because you can start a business you need to bring a idea that you want start something, then you can plan what you want to do. So to bring is very important in life.

 

[achawaskey]

The truth is that idea should come first before capital. For you to have idea means you have study it very well and knows the nook and crane of the business, then when capital comes it will be implementation.

 

[sammyblaq]

It depends on individual. To some the idea comes first and to the other the fund comes first.
In my opinion, the idea coming firstly is the best as it comes from passion and likes while fund coming first will influence the business in the ups alone.

 

[Obasuyi charles]

Ideal is the beginning of every successful business, without ideal capital Will have no mean, capital bring ideal into reality. Capital, Ideal the head is Ideal.

 

[Rollerkid]

When it comes to any business proposition that is made or any business that is being ventured into, there are two things that are required in the beginning. You need to have an idea and you need to have capital in order to fund that idea and make it into a business. However one of the big questions that comes about is should the capital come first or should the idea come first and then the capital. In my personal opinion I think that you should have an idea first and then work towards the capital because having an idea shows a sense of passion in that respective field. Therefore you are more likely to be invested into it. However if you have the capital and then trying to decide on an idea to match that value then you may not get involved with something that you are interested in and this could lead to the failure of your business.

What are your thoughts on this? Which do you believe is the first step?

Even though both the capital required and the knowledge required are important, l think the knowledge should always come first because if you have the idea about the business, definitely you would get help or another idea on how to rise the capital.

 

[Samzin19]

I feel its the idea that comes first, if you have the capital and you don't have the idea, you will end up spending the money lavishly on unnecessary things. Moreso it's the idea that comes first, for me you need to think of having the idea before the capital.

 

[anil02]

When we plan to start any business first of all we must be estimated that how much funds/ capital we have and we can arrange from all other sources. After it we plan for type of business. Changing business to start is easy but arranging capital is not easy

 

[AudraMiller]

Even though both the capital required and the knowledge required are important, l think the knowledge should always come first because if you have the idea about the business, definitely you would get help or another idea on how to rise the capital.

This is my thoughts as well. The idea is basically the foundation of the business and based on that idea and how you present it to other people, you are likely to get people interested in your business concept which could lead to capital investments that can help you get started.

 

[Rollerkid]

This is my thoughts as well. The idea is basically the foundation of the business and based on that idea and how you present it to other people, you are likely to get people interested in your business concept which could lead to capital investments that can help you get started.

Yes that is just the point. I think even if you have the money but don't have enough knowledge about the business, the end result will still be failure and your money gone as well.

 

[JOELIZBETH]

Idea come first in business before capital,when you have a business in mind you will seat think of how to start and the cost before thinking of capital