Maks25
Active member
This may read impossible but i want to tell you that you do not neccessarily need huge capital to start your business, the most important thing is the idea behind your business.Your idea is the product you intend to sell. MONEY DONT MULTIPLY , IDEAS MAKE MONEY. many businesses have failed today because the entreprenuers had too much funds than required in the running of thier businesses.
What you need to start a business is IDEAS and little capital. My overall position is that ideas are more important than capital because $1b without an innovative idea will shrink in no time because bad decisions will be made and losses will set in. Maks25 had an idea of how much he wanted naija banks to have as capital base, he did not tell the banks where those billions would come from, and no one thought the consolidation thing will ever become a reality. I am sure his predecesors would have thought such an amount can never be met by banks.
What you need to start a business is IDEAS and little capital. My overall position is that ideas are more important than capital because $1b without an innovative idea will shrink in no time because bad decisions will be made and losses will set in. Maks25 had an idea of how much he wanted naija banks to have as capital base, he did not tell the banks where those billions would come from, and no one thought the consolidation thing will ever become a reality. I am sure his predecesors would have thought such an amount can never be met by banks.