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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?

 

[Riberet19]

I think that if you have money, then you can try new and new ideas all the time. So when it comes to idea or money, I think that money is much more important. However, this does not mean that ideas carry no value at all.

Yes, money makes you can try different business strategies or try to launch new products or trying to innovate being well covered thanks to the money you already have, but if we refer to people who want to start their first business for example, the first thing is a good idea, since this is what will give them success in their first project and therefore what will bring them the money later, but they will also require money to carry out their business, both are important

 

[Trebor]

For me I think the Idea must come first before the capital. Entrepreneurs oftenly find the means of getting the capital after they have evaluated the business idea and probably have drawn the business plan.

 

[Franca01]

In a business, the idea is often what comes first. Once the initial concept has been created, the following step is to analyze the market, create a business strategy, and get enough funding to launch the venture. It might be difficult to obtain the necessary funding or resources to launch a firm without a compelling idea or concept.

Actually, having idea with the business you always want to launch is always very necessary because it will always give you guides on how to take your steps to make it successful on time.

 

[Player1]

For me, the business idea should come first before anything else. Personally i feel it is based on the idea i have that would determine if the capital i have is enough for the business or not. So the idea should come first before anything else.

 

[Teegold]

In most cases I believe that the idea comes first. It is sad to say that sometimes the idea even perish because of lack of capital. I know quite a lot of people who have nice business plans but don't have the capital to start them.

 

[Flower]

Both capital and idea is very important for business before you start a business . They are instrumental in the successful business but the order in which they would come would depend on the context and the circumstances of individual.

 

[Lens_]

In so many disease having a great business idea is very important and it precedes the capital because so many entrepreneurs would have to develop innovative concept that would attract investors first.

 

[Flower]

On the other hand, it is important to know that having sufficient capital upfront is one of the things that will enable entrepreneurs to explore and also develop ideas this is very important especially when initial investment is required.

 

[Lens_]

Limited resources are often the problems of aspiring entrepreneurs and that is why starting with a solid business idea is critical and they can later seek for funding through methods like bootstrapping , crowdfunding etc.

 

[Flower]

Entrepreneurs that have access to significant capital would definitely choose to invest in business that they believe has growth potential. This is what is going to shape the ideas around the resources that is available.

 

[Lens_]

The partnership or collaboration that exist between individuals especially when they have complimentary skills and resources can lead to development of both idea and the capital that is needed to launch the business.

 

[Flower]

Successful business would definitely require combination of both compelling ideas and sufficient capital because there is need for capital to execute that idea effectively and there should be a balance between creativity and financial feasibility.

 

[Lens_]

A great business idea can definitely attract investors and funding and that is why it is important to have a realistic understanding of the business that you want to carry out because it will help to refine and validate the business.

 

[Wisdom01]

Both capital and idea is very important for business before you start a business . They are instrumental in the successful business but the order in which they would come would depend on the context and the circumstances of individual.

I believe the order of importance between capital and idea in business will depend on a variety of factors, such as the type of business, the stage of development, the market conditions, and the entrepreneur's skills, experience, and resources.

 

[Flower]

In Entrepreneur landscape, there is need for availabilities of resources such as online crowdfunding or startup incubators which will make it more accessible for innovative ideas to attract capital.

 

[Lens_]

Regardless of whether the capital that come first or the business idea, a successful business would involved a robust plan and adaptation and this could solely based on the market trends.

 

[Wisdom01]

I think solid business plan is essential for any successful enterprise, but it is also important to have adaptability and flexibility to adjust to changes in the market. This approach could be key to staying competitive in an ever-evolving business environment.

 

[Wisdom01]

On the other hand, it is important to know that having sufficient capital upfront is one of the things that will enable entrepreneurs to explore and also develop ideas this is very important especially when initial investment is required.

I believe having adequate capital upfront is often essential for entrepreneurs to establish and grow their business ventures. It provides them with the essential resources and tools required to explore and test their ideas, conduct market research

 

[freelancermariagrace]

Both are required to start any business. However, in my humble opinion, the business idea is first. No business can be started unless an idea exists. Make sure you research the business idea you have in mind, including its profitability and other factors. Of course, without capital, it can be difficult to bring it to reality. However, having sufficient capital does not guarantee success. To succeed in business, you must have a profitable idea.

 

[Wisdom01]

i believe having adequate capital alone does not guarantee success if the idea is not profitable or does not address the needs of the market. Therefore, a balance is required between having a profitable and innovative idea and adequate capitalization to bring that idea to fruition.