When the zeal is there but no capital

[Sotherefore]

when the zeal is there but no capital to start it up, it is always depressing, This is one of the most common problem in the business world today, Normally a person may have a better and smart business idea that could possibly generate thousands of Dollars as profit but because of the inability to raise up the required capital that is needed to startup this business might result in growing frustrated . This could eventually leads to loss of interest in a potential business that could possibly generate thousands of Dollars as profit..

If this really happens in a developed and well organised country , or in a system of government in which everything has been set up for people who can't raise their own capital to starting up the type of business they are interested to get access to Grant, This definitely could help and improve the standard of living in the society.

As a result of bad system of government in most African countries , a lot of people has given up in their smart business idea and invention that could possibly lead the Nation to another level in terms of science and technology, The government of these countries do not make provision for this talent and this business idea to be developed by providing the necessary funding and environment to aids the progress of these ideas

Question

What should we do if we have a nice business idea and invention but we Lacks the capital to brings it to reality ?

 

[Jasz]

You're ready to start your own business, but you don't have enough money to get it off the ground.

When you feel ready to start a business but lack capital for starting costs and overhead, it can feel like you're at a dead end. Don't give up! There are plenty of ways to get your company off the ground without needing a lot of money up front.

The first thing to remember is that everything takes time, and while some businesses are built in an overnight success, many take years of hard work before they really take off. If you need to make money while you're working on getting your business going, look into ways you can use your skills and knowledge to freelance or consult with other businesses.

If you're interested in applying for loans or investors, consider applying to a pitch competition. Competition winners often receive small amounts of cash or help with setting up their business from larger companies.

You may also be able to find investors who would be willing to lend their extra funds for a share of your company's profits until the loan is paid back. Finally, if you have debt from schooling or other life events and have a good credit score, use a credit card with low interest rates as a form of credit for your venture.

 

[HayKay]

This is usually the case most times and I've been in this situation before. The truth is there's something you can do to raise capital. There's a skill you can sell, a product you can sell as well or something you can package that would be valuable and people can pay for in exchange.
Other than that, you'll want to source for angel investors or partners that can buy into your idea and give you the start up funds needed.

 

[Cryptoworks]

I think then you should wait until you get sufficient funds to invest.

 

[Kendy]

There are some instances where the; zeal, passion and motivation is present yet the in such cases where the unavailability to set up a business is the bone of contention. In situations where the zeal is being present, one may actually be forced to opt into taking loans, even though it is high-yielding interest but this is not always the most advisable means because even most people who took of loans and had their businesses crumbled were also passionate, zealous and motivated. There are some factors that can impede the chances of you repaying a loan as at when due and this challenges at times may be beyond human management instances like; a fire outbreak, building collapse, insecurity challenges can be all factors which can impede the growth or successes of a business.


To my own best understanding, if you have the zeal to run a business and the funds are unavailable, it is best you take up some side hustles where you can save up to begin a business or even though you have half of what the business capital requires, then you can loan half of the total sum from a financial institution so that you would not be under too much pressure or duress.

 

[Dasryny]

If you don't have any money, try working for someone to gain experience and save money for your business.