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Author Topic: What's more important when starting a business, Big Idea or Big Capital?  (Read 889 times)
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April 03, 2018, 06:34:55 PM
 #1

What's more important when starting a business, Big Idea or Big Capital?
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April 03, 2018, 07:53:06 PM
 #2

I think the answer is pretty much obvious. Of course you have to have a large capital in order to make your big idea feasible. Big ideas do not secceed with little efforts, especially money as capital. Yes we can make big ideas first, but it should be accompanied by small plans and plan B's. By achieveing those small plans you shall achieve your Big idea

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April 03, 2018, 08:16:29 PM
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What's more important when starting a business, Big Idea or Big Capital?
Capital is the most importang thing,you can have great idea if you have huge capital.You need resources inorder to create something that you can earn huge profit, if this business would be adopted by the consumers then you were lucky in this field cause if not most probably you will start pack things off.
There were entrepreneurs that started their business with small capital and in the long run it slowly gaining profit,i think its their strategy to start with little capital inorder that its just easy to handle things if business would fail,if they see that it needs big capital to have some improvement then i guess thats the time they pour big money on it,seeing that they could become successful in their fields of business.

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April 03, 2018, 08:19:07 PM
 #4

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.

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April 03, 2018, 08:22:32 PM
 #5

It largely depends on the type of business.  If your big idea involves manufacturing a physical product, for example, you're going to need some capital to get things rolling.  If you need to deal with customer support, that may well involve employing some people to answer the emails and phone calls, so again, capital required.  However, in this digital age, if you can either code or create your idea, be it a new game, utility or otherwise producing creative digital content, sometimes the idea alone is enough.  People have become incredibly successful through developing popular indie games, or devising a new app that proves to be the latest "must have" time saver.  Social media might be an option to drastically cut down the costs of marketing your business, so money can be saved for other areas.  It's also possible that luck is an even bigger factor than how good the idea was or how much starting capital you had.  Sometimes just being in the right place at the right time is enough if you happen to fill a niche in the market.  Talent is also a big factor, whether you and any of your potential co-founders have the skills required to make your idea happen.  But there are definitely ways and means of starting a business without large sums to get it off the ground.  It just won't work for all businesses.

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April 03, 2018, 08:27:52 PM
 #6

What's more important when starting a business, Big Idea or Big Capital?

Many big ideas failed without a Capital, including few of mine. Many times people with the Big Capital later on are buying out those with the ideas.

Having a Big Idea is not enough. You must be lucky to have in the right time and have THE Capital.  
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April 03, 2018, 08:38:29 PM
 #7

What's more important when starting a business, Big Idea or Big Capital?
Both are important when starting a business but not all starters does have a good and big idea and big capital. It's situational, when you have a very bright idea but you have a small capital still you can pursue that business and start with a little amount. And for those that has big capital but they have a least idea then they can still continue but they will have difficulty on managing it since they are lack of idea. It's a combination so for me, both of these qualities are important.



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April 03, 2018, 08:42:32 PM
 #8

What's more important when starting a business, Big Idea or Big Capital?

Capital is needed to execute the idea but let's point that anyone can start from a "small capital" to execute the "big idea".

It's depend on what type of business. There are entrepeneurs, small players, single entities, individuals etc. that doesn't have a so-called "decent" capital as startup but managed to make their idea executed and now successfully turned it into big one. There are protocols to follows and for that, being serious and eagerness to reached a certain goal is a must.

Well then, it's time to do brainstorming on how it should be executed even on a slow phase. Think outside the box or much better if we will completely removed the box.  Cool

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April 03, 2018, 08:43:06 PM
 #9

You answered your question. So i think when you start cryptocurrency business you need big money and big idea. But if your idea is very creative, you can find sponsor for your idea.
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April 03, 2018, 08:43:34 PM
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The biggest or best idea will not help you if you have not the capital to advertise and realize it. Yes, you can have a very good idea and then look for investors. But potential investors can also steal your idea. So if you have no money to request a patent or trademark right on it, it will not much help you. Opposed to this, if you have big capital, all doors are open for you and you are the one who can look for great ideas and then realize them.
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April 03, 2018, 08:45:01 PM
 #11

What's more important when starting a business, Big Idea or Big Capital?
You need both dude. What are going to do with our big capital if we are out of ideas and what are ideas for if we lack capital? So we need both. We need more knowledge also and wisdom to grow our business. Hardwork, perseverance and faith. Goodluck.
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April 03, 2018, 08:50:51 PM
 #12

It depends on the nature of your business. There are businesses that you can start with a tiny amount of capital and if you are knowledgeable with it you can expand it. But don't expect that the return will be great in the beginning but for someone that is ambitious and wants to start his business and can rake bigger return, bigger capital is needed.

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April 03, 2018, 09:11:22 PM
 #13

 I think, answer is more than obvious, the idea is worth nothing, more difficult to implement it. And without a lot of capital, I don't think that's possible. Also I think  team is important too and again it's hard to find good employees and developers without offering them good pay for their work.  And of course, important part of your business is advertising and again, you need to invest before it will give you result.
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April 03, 2018, 09:12:35 PM
 #14

What's more important when starting a business, Big Idea or Big Capital?

Both because if you want to have a very successful you must have a big idea on how to run your business and what are you were going to consider to make it successful. Of course to make it possible you must have big capital so that you can provide all the needs of your business.  
But sometimes having a creative would be more important other than big capital.

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April 03, 2018, 09:39:05 PM
 #15

What's more important when starting a business, Big Idea or Big Capital?

Both because if you want to have a very successful you must have a big idea on how to run your business and what are you were going to consider to make it successful. Of course to make it possible you must have big capital so that you can provide all the needs of your business.  
But sometimes having a creative would be more important other than big capital.
Exactly. Most people start with big capital but they are losing everything because of lack of knowledge. Money is good but if you dont know what to do with it you are also going to lost your money. Knowledge is precious and it is priceless.

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April 03, 2018, 09:47:21 PM
 #16

I think the answer is pretty much obvious. Of course you have to have a large capital in order to make your big idea feasible. Big ideas do not secceed with little efforts, especially money as capital. Yes we can make big ideas first, but it should be accompanied by small plans and plan B's. By achieveing those small plans you shall achieve your Big idea
You can really have the advantage if you do have the capital but since it was being mentioned that you would only just choose one then what will you choose? For me i would choose Big idea because you can still able to built out your business or venture with smaller amount of capital which it would really give you the chance to grow up gradually not on a fast phase which is somehow anticipated but still better compared on having a big capital but you dont have a good idea on how to utilize it then it would be still useless.

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April 03, 2018, 10:06:06 PM
 #17

What's more important when starting a business, Big Idea or Big Capital?
Surely, a big idea is more needed. A business won't be factual if you'll be only ideal and you're lacking of capital. On the other hand,you'll be able to create more ideas if you have the money to do it or to execute it in that way it will be turned into reality and will not only be an imagination permanently. A caoital would be a foundation on s budiness' success .

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April 03, 2018, 10:19:53 PM
 #18

What's more important when starting a business, Big Idea or Big Capital?

I think both is essential. If we make big idea and it's investment also will be high.It's possible to make a business with low capital, the thing is .If you make huge investment with good idea,surely you will get more and more profit.
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April 03, 2018, 10:34:10 PM
 #19

What's more important when starting a business, Big Idea or Big Capital?

When starting a bussiness its much needed that you needed that two the big idea and the big capital,because that the criteria of creating a new  bussiness.actually thats two is always accompanied when you do your own investment  or bussiness,because one of them will be left you cannot create a bussiness or maybe you can do that but that bussiness ruin easily,therefore big idea is important  and big capital also is very important . you cannot make a bussiness without capital,disame also you cannot start your bussiness without an idea or plan what should you do.

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April 03, 2018, 11:05:14 PM
 #20

What's more important when starting a business, Big Idea or Big Capital?
Removing the choice of choosing the two I'll go for bigger ideas. IIRC of what Robert Kiyosaki said or an economists said that if you want to become rich then give a solution to the problem. And an idea comes out for the solution of a problem and that can make your business successful. Capital is needed but you can just ask someone or go to the bank ask for a loan to start what's on your mind but ideas soothes everything to make that business successful.

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