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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?

 

[Binita100]

Yeah you have a point once you get the idea, you can meet people to help out, and the person should also be careful on firms because rhe idea can be stolen from the entrepreneur.

If the person knows possible ways of keeping secrets that shouldn't be a very big issue for the person , the firms cannot steal the idea.

 

[Neta Sam]

If the person knows possible ways of keeping secrets that shouldn't be a very big issue for the person , the firms cannot steal the idea.

That's the issue when you are sharing your idea, share it with those who can preserve the idea. There have been may cases of sharing and idea and it's been stolen. It's all over the world

 

[Binita100]

That's the issue when you are sharing your idea, share it with those who can preserve the idea. There have been may cases of sharing and idea and it's been stolen. It's all over the world

No body can be trusted i will just prefer to keep the idea to myself , before someone comes to steal my idea , just keep the idea to your self

 

[tray59]

No body can be trusted i will just prefer to keep the idea to myself , before someone comes to steal my idea , just keep the idea to your self

That is true you need to keep the idea to yourself alone,but talking about business I think the capital matters the most and the idea also matters so both of them are also matters when its come to business mostly the newly business that you want to establishe.

 

[Binita100]

That is true you need to keep the idea to yourself alone,but talking about business I think the capital matters the most and the idea also matters so both of them are also matters when its come to business mostly the newly business that you want to establishe.

They both matters but the needed part is the capital first before thinking of the idea you want to rule out and make your business dream come true

 

[a_jerobon]

For one to start up a business, the person must have the idea first. This is because when you have the idea, you have a plan on what to start but when you have the capital first without a plan it's just like a priest without a parish and with that no direction. So the first thing to have before starting up a business is the idea, then you towards getting the capital, when you now get the capital, you follow the direction which is the idea.

You have spoken very wise words there. Indeed it is an idea first that come then you make a plan. Inside the plan, you will calculate how much capital is needed. If you don't have the capital at hand, you work at getting sources for it.

 

[Ebube Boosco]

You have spoken very wise words there. Indeed it is an idea first that come then you make a plan. Inside the plan, you will calculate how much capital is needed. If you don't have the capital at hand, you work at getting sources for it.

That's it ooooh. It's not wise at all to just wake up one day and start up a business you know nothing about. All because you have the capital, you just decides to venture into one unplanned business just like that. To say the the least, it's just an act of foolishness

 

[microunit]

There's alot of people who don't want to sell their ideas out their nor buy ideas from other people, they just simply want to do it themselves

 

[tray59]

There's alot of people who don't want to sell their ideas out their nor buy ideas from other people, they just simply want to do it themselves

Well there is nothing wrong with that if you can do it alone then there is nothing wrong with it but if you can buy an idea from others is of additional advantages,in business I think that its idea that matters the most but you still need some capital make your business outstanding.

 

[mildredtabitha]

I personally feel that they both can come first.

For example, when you have money, and your current job is not permanent, it means you will soon be jobless. So with the little you have saved, you could be thinking of investing it or start a business that will earn you income so that you don't end up without money when you lose your job. At this point, you have capital, now you need the best business idea.

On the other hand. You may have a business idea but no money. This mostly what happens to many people. So taking a loan or getting a job can help solve this.

 

[Hashay]

The idea should come first in a business because capital may be mismnaged if there is no proper idea or investment to use it.

 

[silentwatch]

Idea come first then the capital came to support it. Just like facebook and Google, the idea of building friends community and search engine must come first then come some investor to support and grow the idea to become true and big...

 

[LutherKing]

Idea is 60% weight age in my opinion , and 40% is left on to the option of capital which is required to run a business both great idea and decent sum are key points needed for successful business

 

[Razor1911]

Idea come first then the capital came to support it. Just like facebook and Google, the idea of building friends community and search engine must come first then come some investor to support and grow the idea to become true and big...

Both is essential idea as well as capital. Though I agree with you. Business model should be selected after all the research and surveys. Capital can be managed later also. But once you have invested the capital in your business, you must know how to manage the money and should analyze the perfomance so that can amend your business model accordingly.

 

[Ridorz]

You have already gives answer to the question. Business idea will come first, then you now think of getting a about to get enough capital to establish the business.

 

[AudraMiller]

Both is essential idea as well as capital. Though I agree with you. Business model should be selected after all the research and surveys. Capital can be managed later also. But once you have invested the capital in your business, you must know how to manage the money and should analyze the perfomance so that can amend your business model accordingly.

Managing the amount of business capital that you have is very important because many people do not take heed of the expenses in the beginning that has a result they end up spending more than the income they are bringing in. This is very detrimental to any business.

 

[Razor1911]

Managing the amount of business capital that you have is very important because many people do not take heed of the expenses in the beginning that has a result they end up spending more than the income they are bringing in. This is very detrimental to any business.

The capital you have is a blood of your business. When your blood will circulate then only your business can grow. If you can't manage to take proper decision in proper time, regarding money management, then you will surely have to face tough Times.

 

[Wisdom01]

The capital you have is a blood of your business. When your blood will circulate then only your business can grow. If you can't manage to take proper decision in proper time, regarding money management, then you will surely have to face tough Times.

Without capital am not even sure if there would be any growth in the business , instead of growing the business might just continue to fall further and that's a failure

 

[kaycee001]

Having capital without no business idea is like having a tool without knowing how to use it. Ideas propel business, so before one starts a business there should be an idea that helps to put up a business and the capital is used to fund it so that profits starts rolling in

 

[AudraMiller]

The capital you have is a blood of your business. When your blood will circulate then only your business can grow. If you can't manage to take proper decision in proper time, regarding money management, then you will surely have to face tough Times.

This is an excellent analogy that you have made here. I think that this is why sometimes people bring in someone external to mange finances, as this removes bias in budgeting.