Topic: What's more important when starting a business, Big Idea or Big Capital? - page 11. (Read 1210 times)
April 10, 2018, 01:05:29 PM
It seems to me that there is no easy answer to this question. A good idea will allow you to attract investors and you can go faster to complete the project. Large capital, in turn, facilitates the implementation of ideas, because you do not have to look for money to implement them.
April 10, 2018, 12:59:37 PM
Big idea is much better than big capital, the capital can not bring you success without the idea. And the idea is always helpful to gather a capital as long as the idea is realistic and catching.
April 10, 2018, 12:59:25 PM
What's more important when starting a business, Big Idea or Big Capital?
I think it is very important to start a good business is to have a very good idea and great, because if you only have a lot of capital but do not have a strategy or a good idea then the product you sell is definitely not going to buy a lot, so the idea and marketing strategy is more important than big capital. better have a small capital but has a strategy and ideas that are very large and good to make the existing products quickly sold.
April 10, 2018, 12:31:42 PM
large capital. have a big capital certainly will be able to easily open your mind to have a business idea or a great investment as well. the main thing is certainly an important capital. If the capital alone it is difficult to think of ideas then owned certainly also be somewhat hampered and not running smoothly.
It has to be big idea. Starting a business needs to have a wide grasp of knowledge on how to run a business and aspects that need to be touched for the business to grow. It all started as an idea, then innovation makes it come into reality. If you already have the idea then you already have the direction and the starting point to follow. Big capital will follow and it will support your idea to have the business prosper. You may all have the big capital and other resources required, but if you don't know how to handle it well, it's still not gonna work and will be useless. 
April 10, 2018, 12:22:13 PM
For me it's a big idea. Getting the capital that you need is easier to acquire what with all the bank loans that you can get especially if you have a very great idea on what business you want to fund. Having a great idea is harder to get by.
And also there is a thing called crowdfunding and IPO or even ICO which can greatly help the economics of the business. I prefer those kinds of money accumulation instead of bank loans because when we choose that we able to measure the legitimacy of our ideas in other people opinion. April 10, 2018, 11:54:27 AM
For me it's a big idea. Getting the capital that you need is easier to acquire what with all the bank loans that you can get especially if you have a very great idea on what business you want to fund. Having a great idea is harder to get by.
April 10, 2018, 11:42:44 AM
A marketable (easy to monetize) idea so you can reach funds easier.
There are many entrepreneurs with amazing ideas and even have access to funds but when they fail to deliver profits, the funds will vanish quickly. Even if you have an mediocre idea (like opening up an online marketplace for education in 2009) but still have access to markets or can sell your idea to investors, you can succeed.
There are many entrepreneurs with amazing ideas and even have access to funds but when they fail to deliver profits, the funds will vanish quickly. Even if you have an mediocre idea (like opening up an online marketplace for education in 2009) but still have access to markets or can sell your idea to investors, you can succeed.
April 10, 2018, 11:36:38 AM
large capital. have a big capital certainly will be able to easily open your mind to have a business idea or a great investment as well. the main thing is certainly an important capital. If the capital alone it is difficult to think of ideas then owned certainly also be somewhat hampered and not running smoothly.
April 10, 2018, 11:15:45 AM
What's more important when starting a business, Big Idea or Big Capital?
Big Idea cause there were lot of times big ideas when someone doesn't have money and after some time they got some big donations to start their idea working, so i think plan is better. April 10, 2018, 11:14:04 AM
What's more important when starting a business, Big Idea or Big Capital?
I am going for big capital all the way, no question about that. Now, I chose big capital over big idea because nowadays, big ideas without support cannot really flourish and become actually big(if you get what I am saying), whereas if you have big capital, you can choose the biggest idea there is or the most innovative together with the necessary things you would need to support that big idea. And even when you do not have what it takes to look for the best ideas out there, you can hire someone to do it for you.
April 10, 2018, 10:49:28 AM
I know some big business started from the small capital, a big idea> big capital. if you do not have capital you can find partners who will fund your business. one good example here in the Philippines the biggest chain pharmacy mercury drug. just started by just selling antibacterial drugs via selling it on streets.
April 10, 2018, 10:47:25 AM
It depends, some ideas don't require big capital to hit, some others do.
As I know any idea "no matter how stupid it is", can become a success story if you have a big capital, because you will be able to improve it it
and recruit the best employees and assistants. Sadly, money can make miracles.
As I know any idea "no matter how stupid it is", can become a success story if you have a big capital, because you will be able to improve it it
and recruit the best employees and assistants. Sadly, money can make miracles.
April 10, 2018, 10:28:11 AM
What's more important when starting a business, Big Idea or Big Capital?
Interesting question. I think the most important thing is surely going to be to have a winning idea to start a business. But you can have the best idea in the world but if you don't have the capital needed to realize it or you aren't able to collect the necessary funding, your idea... just remains an idea!
April 10, 2018, 10:07:10 AM
What's more important when starting a business, Big Idea or Big Capital?
The most important for me is having a big idea when starting a business because even if you have big capital then you suck in conceptualizing ideas then it may only lead to bankrupt. So I suggest when starting a business, you need to think first of a unique idea that will surely patronized by the people. After having the idea you may borrow first through loan for your capital because if that idea would have a great impact to individuals then you are able to give back what you have borrowed and earn more profit than expected.
April 10, 2018, 10:04:03 AM
The more important thing when starting a business is surely the budget, the money. Without enough budget, even if you have a perfect and unique idea, you cant make it real and it remains just as a dream. Of course the big idea is also needed but its position is always second after having the good capital.
April 10, 2018, 09:58:08 AM
What's more important when starting a business, Big Idea or Big Capital?
You know there are many ways to get some funds right? the best one is crowdfunding. I stand for Big Idea. Your brain that can generate many ideas is the best assets that you have. April 10, 2018, 07:09:43 AM
To become successful in business both idea and capital are important because if one of those are not balance the probable cause would be a failure of business.
April 10, 2018, 05:38:54 AM
Best guess: Thomas Edison's stance on this where he said "Genius is 1% inspiration, 99% perspiration".
I would quote Nikola Tesla over Edison if I knew of a good quotation Tesla made which applies here. There could be interesting contrasts between Edison and Tesla that are relevent. Tesla was a big idea guy who generally lacked capital. Edison was more about hard work and smart business than big ideas and had big capital support. In the AC versus DC electrical supply contest, Tesla defeated Edison. This could mean big ideas or the right ideas win against big capital, sometimes.
Your topic could apply to banks and fiat in competition to crypto currency. Banks and fiat have big capital. Bitcoin and crypto currencies have big ideas. Which is more important? Maybe we will find out.
I like this quote and also agree to this statement but in my humble opinion having both has the best result. The sad reality about these things is that majority has big ideas but lacked in big capital just like what had happened to Nikola Tesla. Having big capital to pour into a business here in my country is great most especially if it comes up also with great ideas though tax is killing every businesses purse but still having both has the potential to grow and gain profit. I am not a business minded individual but getting involved on it is tricky since it needs a lot of money to start with. I would quote Nikola Tesla over Edison if I knew of a good quotation Tesla made which applies here. There could be interesting contrasts between Edison and Tesla that are relevent. Tesla was a big idea guy who generally lacked capital. Edison was more about hard work and smart business than big ideas and had big capital support. In the AC versus DC electrical supply contest, Tesla defeated Edison. This could mean big ideas or the right ideas win against big capital, sometimes.
Your topic could apply to banks and fiat in competition to crypto currency. Banks and fiat have big capital. Bitcoin and crypto currencies have big ideas. Which is more important? Maybe we will find out.
April 10, 2018, 05:25:58 AM
For me is idea. A business is started with an idea first because you will never think of what right business to put up, must be related to what I love to put up a business that I am putting up. Next to that is make a feasibility study if the business will click to people for you to succeed in that business. Next will be the capital. If its short I can ask for sponsorship, family and anyone that is close to me that I can present my business so I can reach my needed capital.
April 10, 2018, 05:25:41 AM
You have that both big idea and capital if you wan't to become success your business and stay longer because if you don't have that both thing to your business it will not be so creative and most people now have interest in most creative things.
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