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❓ASK Does the capital or the idea come first in a business?

AudraMiller

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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?
 
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
The business idea is the crux or foundation of the business and the capital is more like a support or stimulator. When the foundation of a house is faulty no matter the beautiful interiors used, it would definitely collapse and that's the same thing which is applicable to a faulty business idea. The business idea is always the key while the capital is padlock.
 
I vote for this too. Having the capital is not a guarantee to a successful business venture. Why do you see businesses that started blossoming, and at a point they start diminishing, that is because their business idea was not feasible enough or perhaps they didn't have a plan B or a crisis management technique to prevent future occurrences.
That is right. You may have the capital but have zero knowledge on how the business should run. Or you don't even have a business idea in the first place. That will only lead you to squandering the money before you even start enjoying profits. I think it is best to start by looking for an idea and writing a business plan on it. It is also very wise that you add the risks and response strategies there, it will help you rise faster from challenges that may occur.
 
That is right. You may have the capital but have zero knowledge on how the business should run. Or you don't even have a business idea in the first place. That will only lead you to squandering the money before you even start enjoying profits. I think it is best to start by looking for an idea and writing a business plan on it. It is also very wise that you add the risks and response strategies there, it will help you rise faster from challenges that may occur.
Exactly, most businesses tend to collapse because the entrepreneurs didn't include a plan B or a crisis management technique to salvage potential unforseen circumstances. It was evident during the wave of the covid-19 pandemic where so many businesses were left in the dark because they failed to put quick response startegies in check!
 
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.
Idea may die off especially when the capital is not forthcoming. I do believe that when we have money, especially more than enough money, we can easily meet up with some business consultants to give us some business tips to do in order to start up a business.
 
Idea may die off especially when the capital is not forthcoming. I do believe that when we have money, especially more than enough money, we can easily meet up with some business consultants to give us some business tips to do in order to start up a business.
Money dies faster than ideas. Ideas rule the world and I tell you, if you have a business idea today which you know is innovative and creative, you would not mistakenly divulge it even to your closest friend except you don't have plans in venturing into it anymore. A business idea never does just like that even when the capital isn't forthcoming but money can easily be squandered when the idea isn't forthcoming or feasible.
 
capital is the business opportunity for Start up but idea is business idea to start up hence business opportunity is generated from business idea....if you have idea you have everything because even capital is easier to be attained when idea is determined....so, on my opinion idea is first
I agree with this logic too. The business idea is the foundation or Crux because the capital can always be sourced for especially if the business idea is one which is very feasible, creative and innovative. When once a business idea is versatile and has a crisis management technique, then even taking loans wouldn't be too pressurizing.
 
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?
Well any (idea/capital) can come first, you might have the capital or i call it funds but no idea yet. Which means the fund is not a capital yet since it doesn't have direction of where to be used. But at least if the idea comes you can consider using the leftover fund as the capital.
But when idea comes first sometimes its difficult to get the capital to fund the business. That's why i prefer having the capital first. When there's fund, their will be ideas.
 
Money dies faster than ideas. Ideas rule the world and I tell you, if you have a business idea today which you know is innovative and creative, you would not mistakenly divulge it even to your closest friend except you don't have plans in venturing into it anymore. A business idea never does just like that even when the capital isn't forthcoming but money can easily be squandered when the idea isn't forthcoming or feasible.
People always view thing differently and to be frank, I respect your view. I am very sure that no one will pray to have idea first before money to execute that idea. Why that? It is always a bad thing to have good ideas stocked in your mind without having money to execute those ideas. The person may get frustrated. But when you have money, even different people will be approaching you suggesting business ideas.
 
People always view thing differently and to be frank, I respect your view. I am very sure that no one will pray to have idea first before money to execute that idea. Why that? It is always a bad thing to have good ideas stocked in your mind without having money to execute those ideas. The person may get frustrated. But when you have money, even different people will be approaching you suggesting business ideas.
LOL! You're right, I pray to have both the idea and the money to finance it at the same time simultaneously but frankly speaking, if I have a feasible business idea today which is novel, I don't mean something that is already rampant because I believe that novel things would still upsurge in the future, I'll just nurture the idea till I'm able to either save up or opt for investors.
 
Well any (idea/capital) can come first, you might have the capital or i call it funds but no idea yet. Which means the fund is not a capital yet since it doesn't have direction of where to be used. But at least if the idea comes you can consider using the leftover fund as the capital.
But when idea comes first sometimes its difficult to get the capital to fund the business. That's why i prefer having the capital first. When there's fund, their will be ideas.
Having a business idea which is not random is always a hard nut to crack even with the capital because I don't really like engaging in a business that is so common and done by virtually everyone especially selling of food items or owning a provision shop. I prefer having the idea and capital at the same time but if I'd choose, I'll opt for the ideas because I know the power of just one idea can turn into.
 
LOL! You're right, I pray to have both the idea and the money to finance it at the same time simultaneously but frankly speaking, if I have a feasible business idea today which is novel, I don't mean something that is already rampant because I believe that novel things would still upsurge in the future, I'll just nurture the idea till I'm able to either save up or opt for investors.
Nurture my foot! Don't you think there is now new idea on business. People are only recycling the old ones in a unique one. And even if you see, others are thinking in your direction too. Imagine, we have more than 8 billion people in the world, is it possible for one person not to be thinking what we are thinking.
 
Nurture my foot! Don't you think there is now new idea on business. People are only recycling the old ones in a unique one. And even if you see, others are thinking in your direction too. Imagine, we have more than 8 billion people in the world, is it possible for one person not to be thinking what we are thinking.
Hahaha. Take it easy please. I'm not a mind reader so I don't know, out minds are unique and one thing we can't read with accuracy is the way we think. I still maintain that I would nurture my idea till I'm able to come up with a better plan of getting capital if I don't have, either by loan or investors. If paraventure others think in my direction then it's still okay because there's always what we call creativity, I'll use the competition as a place of opportunity to be more innovative.
 
Hahaha. Take it easy please. I'm not a mind reader so I don't know, out minds are unique and one thing we can't read with accuracy is the way we think. I still maintain that I would nurture my idea till I'm able to come up with a better plan of getting capital if I don't have, either by loan or investors. If paraventure others think in my direction then it's still okay because there's always what we call creativity, I'll use the competition as a place of opportunity to be more innovative.
You are now with the same page with me. Rather nurture a particular business idea because it is novel, we can always come engage in the existing one and involve creativity. The more you wait to nurture, the more the business ideas are hijacked by another same thinker as you.
 
You are now with the same page with me. Rather nurture a particular business idea because it is novel, we can always come engage in the existing one and involve creativity. The more you wait to nurture, the more the business ideas are hijacked by another same thinker as you.
You're right, I've been in similar situations where were asked to bring opinions and just before I can air out my view or perspective, someone else has said the very verbatim I wanted to suggest too. After all, most business and creativity still emanates from the existing ones be it; shoes, clothes, bags, hair weavons and even phone products. All we need is to be highly creative and innovative as well.
 
You're right, I've been in similar situations where were asked to bring opinions and just before I can air out my view or perspective, someone else has said the very verbatim I wanted to suggest too. After all, most business and creativity still emanates from the existing ones be it; shoes, clothes, bags, hair weavons and even phone products. All we need is to be highly creative and innovative as well.
You get my point. Most time, people only study the another person's business just to know what he is not putting in place. After knowing all these, he will set up his own business and later incorporate all what the other fail to put in places. It won't be surprising to see all fuel station mounting gas station in their station now which was a concept that's just introduced let me say in my area.
 
You get my point. Most time, people only study the another person's business just to know what he is not putting in place. After knowing all these, he will set up his own business and later incorporate all what the other fail to put in places. It won't be surprising to see all fuel station mounting gas station in their station now which was a concept that's just introduced let me say in my area.
Yes, I definitely get your point and it's also rampant in my area and it is more preferable buying from there because the price would be lower than buying from retailers especially now that the price has tripled from the original rate. It's just to be keen in observing, restructure and put the abnormalities in check.
 
Although both of those things are really necessary but I believe money should be made first available before a person can consider starting up a business , when there is money a person can be able to organise his or her business perfectly , a situation in which there is no there may be a little chance of success in establishing a business.. knowledge can be learnt any time when there is money, it is only some people that won't be able to learn it understand every aspect of the idea.
 
Although both of those things are really necessary but I believe money should be made first available before a person can consider starting up a business , when there is money a person can be able to organise his or her business perfectly , a situation in which there is no there may be a little chance of success in establishing a business.. knowledge can be learnt any time when there is money, it is only some people that won't be able to learn it understand every aspect of the idea.
Money solves all problems. When there is money, other issues are solved. Ideas will always come especially if the money is enough to execute any kind of business. And in most cases, there are some people with nice business ideas that may even be coming to some with money.
 
You get my point. Most time, people only study the another person's business just to know what he is not putting in place. After knowing all these, he will set up his own business and later incorporate all what the other fail to put in places. It won't be surprising to see all fuel station mounting gas station in their station now which was a concept that's just introduced let me say in my area.
Yes, I definitely get your point and it's also rampant in my area and it is more preferable buying from there because the price would be lower than buying from retailers especially now that the price has tripled from the original rate. It's just to be keen in observing, restructure and put the abnormalities in check.
 
Although both of those things are really necessary but I believe money should be made first available before a person can consider starting up a business , when there is money a person can be able to organise his or her business perfectly , a situation in which there is no there may be a little chance of success in establishing a business.. knowledge can be learnt any time when there is money, it is only some people that won't be able to learn it understand every aspect of the idea.
Well, I respect your own opinion but I also think that money can always be sourced for anywhere, and that's why we have banks, money lenders, online loan apps, and even from investors. Knowledge can be learnt but having knowledge would not be enough if you have no management skills and if the money you have cannot be utilized effectively. I even prefer the both to come simultaneously because this question is a bit tricky.
 

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