Between capital and idea which comes first?

[uptrendfinancialsignal]

Both capital and idea are very necessary for business because they are the important component of starting out a successful business. You must also understand that the one to choose depends on the contest and individual circumstances. Having a great business idea will always precedes securing capital in many occasions.

 

[Reedex]

Having a sufficient capital upfront would help entrepreneurs to explore and it will also help them to develop business ideas most especially in industry where initial capital is very necessary.

 

[uptrendfinancialsignal]

It is important for an aspiring entrepreneurs with limited resources to always start with a solid business idea and they can later seek for funding through different kinds of methods like bootstrapping, crowdfunding or through small business loans.

 

[Reedex]

There are some entrepreneurs that could have access to significant capital. These entrepreneurs may choose to invest in business ventures or industry that the belief would grow and would shape their ideas as well.

 

[uptrendfinancialsignal]

You can go into partnership or collaboration with someone with complementary skills and resources because it can lead to development of both the idea and the capital that is needed to establish the business m

 

[Reedex]

Successful businesses require a combination of a very good idea and they also need sufficient capital because that is what is needed to execute that idea effectively. This means that both are very important.

 

[uptrendfinancialsignal]

I understand very well that a good business idea will attract investors and funding but it is important to understand the need for financial requirement and proper budgeting because it will help to validate the business idea .

 

[Reedex]

Conducting a market research, prototyping and proof of concept testing is one of the things that must be chosen by the entrepreneurs to validate their business ideas and they must ensure that the idea should resonate with the target audience.

 

[uptrendfinancialsignal]

The availability of online resources like online crowdfunding platforms and startup incubators are the things to put into consideration. This would help you create innovative ideas that would attract capital for the business from these platforms.

 

[Reedex]

Successful businesses should involve a continuous cycle of adaptation and refinement and it should be based on the market feedback, financial performance and the goals that is set for the business regardless of which one comes first.

 

[uptrendfinancialsignal]

Most of the investors or lenders consider good strength of the business idea and the understanding that the entrepreneur has to execute the business idea whenever they want to make funding decisions. This is very important to consider as well.

 

[Reedex]

On so many occasions especially in some industries, having access to capital could be prerequisite for pursuing any kind of business ideas that you have got because such businesses require upfront investment in infrastructure, technology or even inventory.

 

[SHAHID987]

If idea is there, then one can try to arrange capital by any means, he may get loan or borrow money from someone. But if someone have much more capital and no idea then it is somewhat useless.

 

[nomad]

You need both a solid idea and strong capital. However, a business begins with an idea. Once you have the idea, you need money to execute your idea. With out money, idea cannot be executed

 

[Tracee1]

Like you said both are important but idea always comes first cause its through these ideas we plan or we get a specified capital to start up that particular business. also ideas makes us realize how much to invest in a particular business if we can cope or not within the self given stipulated time.

 

[Starmix]

In my business I plan the capital first after that planning follows as to the business that matches my capital. You can plan any time once having a capital. It also depends on the decision of the person.

 

[eldavis]

I think the idea should come first. Without having an idea, it might be hard to save up capital because you do not know exactly how much you need. Then again having capital without an idea could lead doing the wrong things which might end up wasting your money.

 

[Springtime]

I would say the idea comes first. When you have a good business idea, you can start evaluating how much capital you need to start your business. Without a business idea, you cannot talk to potential investors.

 

[eldavis]

I would say the idea comes first. When you have a good business idea, you can start evaluating how much capital you need to start your business. Without a business idea, you cannot talk to potential investors.

Exactly, it won't make sense to have the capital first, you won't even be able to do anything with it cause besides the fact that there is no idea, you don't know how much you actually need to startup something.

 

[Stardom22]

The first thing that comes in mind when anticipating to doing businesses is the idea. The second thing that follows is the implementation and that takes us to the business funding whereby we arrive at the capital.