Ideas Or Capital: Which Is More Important?

Sometimes i just think which is more important. Some times people have very good ideas but have little or no capital. While some people have all the capital and yet no idea. Which do you think is more important.

To those that have capital and no idea. Pray and think hard for good ideas and if still no idea, then finance people that have good ideas. Partner with them and be co-owner of the business.

For those that have the ideas but with little or no capital?  Try and break the ideas into smaller components and take it bits by bits.  And then take it bit by bit.

Let me illustrate with my example:

• I have a dream to own a big investment Corporation and be the next Warren Buffet.Inshort a business empire. But at first it seemed very impossible. So i also used the method above. Started by collecting money from friends and family members using good will and investing their money for them.Gave them at a fixed interest rate. Later i pay them the agreed some @ the agreed time. I have been doing this for a while with a friend and a partner that shares the same vision with me. Step by step but slowly and surely. That has being ok, just made sure we never defaulted and ensured investors funds was safe. Atimes we never even made money but we still went on.
  
  Next step. We have been conducting studies on investment clubs and hopefully if everything is set will launch it soon. Gradually you know that you are taking a step closer to your dream and the vision gets clearer day by day

Why am i saying all these. Just to say that its good to dream big but ensure you break those dreams into very small bits and start taking a step and bit @ a time. And gradually you gain the experience and stamina to achieve the big picture.

Hope I communicated something to someone. Wish you all the best in nairaland because i believe you guys are lovely people. Take care all and see you all @ the top. And remember i said this am the next Warren Buffet by the God's grace.Never forget the place of God because without him we are nothing.So God has 2 remain number 1 in your plans.

Nairalanders back to my question.  Which is more important. Ideas or Capital?

When you have money and you need an idea-  Idea becomes really important

When you have the idea and you need money-  Money becomes really important

So what's important to you per time can only be determined by you!

I'm a firm believer in the fact that if you have a solid idea you believe in and you don't have money, search deep within you again and again and you can still produce another idea that will finance your previous idea. I think that's what you're doing.

Wish you all the very best.

I have always held on to this saying:

"Nobody has a money problem but an idea problem"

Money is important, but it is not the only thing. With an idea, you can bring in a lot of capital.

Does starting small make anysense to anybody? 

Smartsoft i get what you are saying but of because am going to be myself. There is never going to be another me and that i know. But i get there is nothing wrong in having role models. Even great pastors talk about other great men of God before them . I have being in canaan land and Bishop Oyedepo spoke about Kenneth Haggins and Dr Oral Roberts. I can never be  Warren Buffet but would always be my humble self but he is like a role-model to me. Great men read the autobiograhies of other great men.
Its also very good to act fast on your ideas because in a country of over 150 million people there could be lot of other people with the same ideas.
God those not take us year by year or month by month. But he takes us day by day, step by step.
I appreciate the contributions so far

You will succeed
So Take Charge

yah,  i do attend winners and i hear him alotta say something about kenneth haggins, What i will always put in mind is a word of bishop, you must climb a ladder to be a leader, keep it real man freelance

Both stands very essential & necessary,bt i strongly blive that who's gat no thinkin,reasoning ability, shld b equaled 2 a fowl(ave)
A journey of a thousand miles begins wit just 1 step & a next, next,
The standing Idea shuld b Basic because Nobody is eva going to run your firm without errors even if he;s doin his best, or even turn out 2 b your own boss,
i think d idea, is d  1st step 2 walk, then d money eventualy comes, 

I have money but I don't have any ideas
I don't need any ideas because somebody has been paid to think for me
and invest my money for me
(which is not good for my reality)

I'm not sure he has a company. Me thinks he is an investor.

Nico which one are you? 

Good Afternoon my dear young man. Actually I was supposed to have met you long time ago but I have been very busy. You see I work for EFCC but you must tell anybody belong I belong to the SSS section. In case you don't know the FBI have been investigating your inheritance. We felt it was necessary to protect you since you are a Nigerian citizen and our job is to protect all Nigerian citizens except those who cause trouble For Baba. In order to be able to give you all the protection you need you will need to furnish me with the following details; your bank a/c no., your signature, your passport photograph and a token of N50,000 to enable me carry out the necessary transactions. Should you have any doubts about anything don't hesitate to contact me onigbese419@yahoo-yahoo.com

Moderator's Note: This is saire.  it's a joke.  He is joking.  Get it now?

@ walelead

idea is not the same thing as skill-set. Skills are learnt, idea is inspired based on opportunities, experience, etc

The question is idea or money?

But one can see that learning a skill to usurp ideas as an idea. Well, I think I am getting confused!

Walelead, u are right, u need the idea first but after that you don't need any more idea (well, according to me).

@dipotepede, you have made the right choice, welcome to the band of idealist.

lets see, who can i convince next? i should be a preacher-man

this question reminds me of a situation that used to happen atimes in the dining hall during my secondary school days

A little history:  we used to hv a thing called "wildlife", where if within a certain time, enough students didnt show up to eat, the dining hall prefect would say "I declare wildlife" thereby letting the few students present in the dining hall take all the food they can lay their hands on.  Of course, the ones outside wd notice the commotiion and rush in for their share as well.

Here is where I answer the question of this post     If it were a day we ate eba and soup, some students would take the basin of eba, while others would rush for the pot of soup.  Me and my friends used to hv "strategy meetings" where we discussed which was best to take.  In the end, it was decided that its best to take the pot of soup.  Y?  If u took the soup, at least you could drink it.  If u took the eba, u hv to find someone with a pot of soup who is also willing to share the soup with you.

My point?  Ideas (eba) are important.  However, without the soup (capital), your ideas are at best, stuck in your head.  So if your lot in life at the time is such that you have a lot of eba, you're to convince someone with soup that your eba is not only the right texture but will be enough for both of you to share and be "belle full"

In the states, the biz is called venture capitalism.  Thatz how the silicon valley companies of the dot com era got off the ground.  They approach those who had the money, pitched their ideas and hoped to get a sponsor.   Of course, once u got the financing, you split a certain percentage with the venture capitalist.  I don't know how it would work in Naija sha.

Okay, I am off my soapbox now

@My2cents,

Let me share this as you already know the plan.

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As the world is going digital with more and more time spent on pcs than on tvs for business and entertainment, it seems that the future belongs to the web application that people like.
 
As youtube earned $1.6B from google in less than 1 year it seems that all one needs is a good idea and proper marketing.
 
I took a good look at youtube and was able to replicate (code a similar program) the site in less than 72 hrs.
 
Now, it is not the coding that is the problem, it is the ability to make the application useful and used by the intended users.
 
Here is what I intend to do and any comments (constructive and/or destructive) are welcome.
 
A web application with a single sign on that will enable Nigerians use either for business or for pleasure.
 
This application will cover
 
events - users can add event announcements, edit or delete same, will be searchable
 
schools - users can add their schools, search for friends on the schools section
 
blogs - users can set up personal blogs and share their diaries with whoever cares to read
 
jobs - users can post cvs, search for jobs, employers can add job openings
 
forum - a categoried forum covering so many topics
 
album - users can create albums and share pictures online
 
video - users can post videos (size will be limited) afterall a lot of people now use video enabled handsets without really sharing the videos they take
 
classifieds -  a simple business classifieds section
 
directory - business directory, fully categorised
 
online payment solution - to tidy up the issue of online business, the programming time needed to do (just like paypal) is really not too difficult when compared to some of the tasks above.
 
Remember, all that one needs is a single login to add, edit, delete or conduct searches for people while visitors can view pictures, videos, forum, events etc.
 
Any comments on this plan? The programming side isn't a problem, the marketing and usefulness is.
 
Are there tasks that Nigerians would readily want to accomplish online effortlessly?
 
Funding will be sourced internally while revenue will depend heavily on adverts (afterall companies will advertise anywhere that prospective customers are).
 
Cost implications will include hardware (servers, lots of disk space), reliable internet connection, backup and marketing/advertisi ng,
 
I am not really interested in replicating any model as something unique yet simple and easy to use will sell well over just copying a model somewhere.
 
It is not difficult to figure out why Microsoft is making so much money, write software once and use over and over again while smiling to the bank.

NB: Still on the issue of stealing ideas, I believe that without the necessary skills any stolen idea is a complete waste of time. This why I can broadcast the idea, only those with the necessary skills to put these things together in a cost effective manner can really benefit from the idea.

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Seun you have spoken well.

@Walelead,

Thanks. Do not really have a choice now than to develop this.

@Seun,

You are begiining to sound like an Abuja politician, which one is Since they are both absolutely necessary, one can't honestly say that one is more important than the other.?

I will take it that you now believe that money is not more important and at the same time you don't want to agree that ideas are more important. Take a stand, there is no middle ground. The topic didn't ask for a 3rd option, just 2.

Here's my third answer to this question: the most important one is the one you lack!!

If you are born into money but lacking in ideas, then ideas are more important.  If you are like me and you spend all your time analysing various ideas and your head is overheating already, then money is more important.