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?
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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?
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.
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.
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.