I think doing business isn't something big but having good Business Ideas and lacking Capital for such great ideas are what many people faces. Have you by any means being in this category, how did you find your way through it?
Ever lost a good Business Idea because of Capital
- Thread starter Oluwatobitosin
- Start date
Most of the people suffer as they may not have sufficient capital in order to run their business. Therefore, they usually opt to consider many different kinds of methods in order to accumulate enough capital. Having said that, a lack of capital is one of the most common reasons people forsake their plans. This may be more common than you may think.
- Thread starter
- #3
Exactly @Good-Person, but one thing is that some people won't want that idea to be forsaken nor die as there isn't Capital, they now sell out that idea to people who has the Capital and capacity to run such business.
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Well, I have not lost an idea but because of lack of capital, I have not been able to launch my dream business. I have been brooding over this idea for a couple of years but have not been able to work on it because I do not have money to get started. It gets pushed every year.
This is what I am facing at the moment, too. Being unable to start this business of mine as a result of having limited finances to do so. It has really messed up most of the goals that I have for the next 3 years since, assuming I have enough capital, the business must have gotten better since then.
I think that having a limited amount of capital is one of the most common reasons why so many people have a really harder time investing money in a business venture. they may have a really brilliant business idea. However, it may not be workable at all due to a lack of money. Do you think that crowdfunding could help?
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Yes, several times. Lack of capital is one of the most common reasons why businesses fail. In fact, studies have shown that cash flow issues are the number one reason why small businesses go under. Without enough money to cover expenses and grow the business, it can be very difficult to stay afloat. However, there are many ways to get the funding you need, such as loans, grants, and crowdfunding.
A lack of capital could be understood as one of the main things that may have a huge effect on the business. For example, just imagine having an abundant supply of cash. You could try many new business ideas that may work for you. If you have enough capital, then you can invest more and more.
Yes and no. I could have found a means but I felt at the time, the idea wasn't good enough. Now there are all sorts of companies online that do the business idea I had 10+ years ago. I kick myself over it every now and then.
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There are many people who may think that the idea is workable. However, they may have an issue associated with insufficient capital. This is why they propose their idea to many different investors. However, in many cases, their idea might be a secret idea. So, they may not be able to discuss it with other investors. They have to rely a lot on personal finance.
I believe that this is something that is happening almost all the time especially when you make the mistake of making your business ideas publicly known where someone else who already have the capital to execute that business idea into something that is physical. Whenever you are coming up with a business idea, try to make it personally known to only you until you're able to develop the idea into a real business.
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