What do u need for a successful business an idea,enough money or both?
By oneclick
@oneclick (21)
April 1, 2013 4:45am CST
Hi, looking at today's successful businesses whether online or offline, two factors are paramount: an idea and funding. in your own opinion what do you think is the most important for a successful business career, an idea, money, or both? Please make your comments.
1 person likes this
4 responses
@profmuhammadakhtar (103)
• Pakistan
1 Apr 13
An idea of developing buisness is most important when a person is totally aware of the basic senous of that buisness after word how to manage buisness is another thing to do
@kenshin2143 (1880)
• Philippines
1 Apr 13
Both of them are pretty much important for you cannot really start any business without an initiative and funding. But if you will really weigh those things, I think idea would come first before the funding.
@viju0410 (2286)
• India
1 Apr 13
Hi,
You have an idea and you also have money, but do you know where to go and how to reach there? I feel there are few more factors to be looked upon and firstly i think you should have an attitude of 'believe in yourelf' first. YOu should also have skills to adapt, learn, analyze, marketing /branding your products, competitors' activities, infrasructure and tech costs and what about the risks involved? Do a proper study and work out a business strategy with main objectives.
Best wishes,