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Between generating a business idea and generating capital for the business, which one should an intending entrepreneur secure first?
Both idea and capital are important in business ventures. While an idea forms the base, capital is important for bringing that idea to execution. Preferably, businesspersons should prioritize refining their idea first to attract capital. But, getting initial seed capital can also offer valuable resoRead more
Both idea and capital are important in business ventures. While an idea forms the base, capital is important for bringing that idea to execution. Preferably, businesspersons should prioritize refining their idea first to attract capital. But, getting initial seed capital can also offer valuable resources to develop and enhance the initial concept.
See lessI believe the idea should come first before the capital. It is through the you can determine how much capital is needed to fund or run the idea. Having the idea first would also prevent you from spending your capital wrongly. I have seen cases where people spend all their capital trying different thRead more
I believe the idea should come first before the capital. It is through the you can determine how much capital is needed to fund or run the idea. Having the idea first would also prevent you from spending your capital wrongly. I have seen cases where people spend all their capital trying different things that do not work out in the end simply because they lacked the capital.
See lessCapital is more important than idea, if you have money you can take action, but only an idea can't spur you to take action, you'll just be an arm chair genuis with basically nothing going on for you. You're better off having some capital, you can try different businesses and find out which one stickRead more
Capital is more important than idea, if you have money you can take action, but only an idea can’t spur you to take action, you’ll just be an arm chair genuis with basically nothing going on for you.
You’re better off having some capital, you can try different businesses and find out which one sticks the most and run with it, you’ll have more flexibility than just ideas.
See lessMost of the time, the business idea will come first. That way, the entrepreneur will sit down and work on a business plan that gives way forward on how to get capital to start the business, how much is needed, the best location for business and whether machines, equipments and employees are requiredRead more
Most of the time, the business idea will come first. That way, the entrepreneur will sit down and work on a business plan that gives way forward on how to get capital to start the business, how much is needed, the best location for business and whether machines, equipments and employees are required. But sometimes, one can have so much money at their disposal that they decide to invest in business even when they don’t already have an idea. That way, they will need to take time, conduct market research and decide what people want so that they can sell to them.
See lessHaving the idea before the capital is the best thing to do because it's very much better to think very well when you don't have the money at hand. When you have the money with you getting the best idea will be very hard for you at the moment because you'll be very impulsive and cannot think straightRead more
Having the idea before the capital is the best thing to do because it’s very much better to think very well when you don’t have the money at hand.
When you have the money with you getting the best idea will be very hard for you at the moment because you’ll be very impulsive and cannot think straight.
It requires a whole lot of discipline not to squander the money if you don’t have planned already that will absorb the money
See lessPersonally i believe the idea should come first, it is the business idea that determines the amount needed for the business, then again having an idea before the capital helps you stay focused. Having the capital first could lead to you spending it on other things, that might not amount to anythingRead more
Personally i believe the idea should come first, it is the business idea that determines the amount needed for the business, then again having an idea before the capital helps you stay focused.
Having the capital first could lead to you spending it on other things, that might not amount to anything at the end of the day, in other words it would lead to wastage.
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