One of our editors has been working on a survey since the beginning of the new year. The question is, in entrepreneurship, what is the bigger challenge? is it the lack of funds and resources? or the lack of a business idea and direction?
We would be very delighted to hear from you!
Should there be a bigger challenge?
Well I would say why have the funds when you don’t know what you will do with it. Let the ideas spring up first
Lack of idea is worse! When you lack the ideas, your money is useless and you aren’t different from someone who lacks money. But If you are exposed and have business ideas, ideas to source for money to start up will come in due time too and you will be able to recognize circumstances that presents opportunity
Lack of idea is worse! When you lack the ideas, your money is useless and you aren’t different from someone who lacks money. But If you are exposed and have business ideas, ideas to source for money to start up will come on die time too and you will be able to recognize circumstances that presents opportunity
Well I will choose lack of funds. Having an idea about executing a plan and no fund to carry it out can be very disheartening and straining. It can be compared to having a car without fuel,can the car move without fuel,no.. But in the case of lack of idea but there’s fund,the person can easily invest in another person’s idea. Thanks
This is kinda hard. You can have the funds for a business but without any business idea and direction, you can squander the money.
If it’s lack of funds, but you have ideas and directions, life would be tiring and you might lose it. because you have the ideas for a better job execution but you don’t have the capital to make it come to pass. It is just like a farmer that has land but no seed to plant on it but he wants to eat his harvest.