well i think in this materialistic world where everything is measured through some value,an innovative idea neds that headstart of money to proove its mettle in the outside world.In recent times most of the inovations came from the house of big corporates for ex LED technology,LCD techn. the fomous caption "thanda matlab coca cola".however having said that the power of that big inovative idea cannot be ignored and that idea makes its presence registered. only thing that bothers the inovator is the time factor.
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mustafa hasan, MBA/PGDM student, ICFAI BUSINESS SCHOOL DEHRADUN
| 05 18 2010 15:11:37 +0000
yes money is prime concern for implementing idea weather it is big or small no matter but money is very important some time it may happen that the money will be available if the idea is good but it can happen in very rare cases and also it is very difficult make others believe on our idea so "money is important than the idea"
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Manmath Patil, Marketing executive
| 05 16 2010 04:39:19 +0000
Hello Sugandha, I agree with you. Without money you can do nothing. Of course today banks and financial institutions are their to help you. you can try this and start with their support and to achieve your goal. Of course it is a great risk. If you succeed you will be at top of the world. K Rajagopalan.
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k Rajagopalan, Area Manager, Amitex Polymers (P) Ltd.
| 05 15 2010 07:12:10 +0000
Jyoti good analysis!! please provide a solution for sugandha's query which is a problem of many Indians... Because they haven't sufficient goodwill, infrastructure & required documents to collect money from public..... We need self satisfaction to implement our ideas & willingness to complete our internal wishes rather than to compete with big entrepreneurs.
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Vipin Bhasin, Private Equity/Hedge Fund/VC-Manager, Indian Investment Co.
| 05 14 2010 15:11:08 +0000
Sugandha very genuine Question... I am agree with both of arguments made by vipin. But supporting sugandha's side as most of Indians face the problem of money to prove them globally........
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monika arora, Freelancer, ITES / BPO / Customer Service
| 05 14 2010 13:31:03 +0000
A big innovative idea is the sole property of the Idea maker and not necessarily make sense to others. So if the Idea maker's conviction is strong enough, then he gotta put his money where his mouth is. Ofcourse, If the big innovative idea is a worthy vision, then the resources shall find their way to it.
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MisterT , Marketing Manager
| 05 14 2010 12:36:31 +0000
Many microfinance companies inviting innovative ideas and proposals for finance and the selection procedure is scientifically prepared. The idea should be vary clear and proof the commercial viability. They want to see your effort in transforming the idea in to reality. Any big idea does not need huge money to start with if you yourself want to be an entrepreneur, but it is difficult to search a sponsored or platform to start with.
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Santosh Kumar Mohanty, Civil Engineer-Municipal, Sambalpur University
| 05 14 2010 12:28:46 +0000
All Big Ideas need money to prove they are really worth "Big" to generate enough interest to get additional money. That is exactly the concept of"POC-Proof of concept" is required to show to angel Investor or any VC. An idea can not be big enough unless it is executed viably to get funds from investor.
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Ajay Sarate, Founder & Managing Director, Finjovian Advisory Services
| 05 14 2010 12:22:38 +0000
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THANK YOU VEENA. ORDER OF PRIORITY IN MARKETING IS MEN,MONEY,MATERIAL,MACHINERY AND MARKET.
By
s.baalu , Consultant, XYZ LTD
| 05 19 2010 12:45:03 +0000
There is a very ancient saying: One with lack of ideas forever requires more money whilst one with ideas can always have enough ideas to generate, to requirements.
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Ravindra Sharma, Managing Consultant, CHEF-India
| 05 19 2010 05:58:34 +0000
Eventually money always tends to trickle down to ideas that can bring more value & returns. Protecting Intellectual Rights can pose some problem although the trade off is always there. Also, at times, having limited amount of money can act as much a positive regulator as it can hamper progress. It is all about the right relationships, timing and smart play to ensure access to capital.
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Akshar , Vice President, RR Group
| 05 18 2010 09:41:17 +0000
Yes Veena you are right. Money can be something but not everything. If you have a proper proposal there will be hundred and one sponsors. If you are following the ideal money is everything then you are also in the rat - cat race.
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Krishna Bhardwaj, Lyrics Writer, Freelancer
| 05 17 2010 15:35:24 +0000
I completely agree with Veena on this. As on date there are so many options for Money. Since everybody is interested to earn some money will not hesitate to fund in case the idea is inovative and appears to be making big money.
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Rathin Deb, Freelance Retail Consultant
| 05 15 2010 10:19:35 +0000
I am supporting both side with my views, correct me if i am wrong. I am this side also because it shows a positive sense of idea. If we have better idea to manipulate our terms with another(supporter) then we will final a deal with our terms. Sugandha if you believe that you have better ideas then why not you satisfy with low profit with one of your idea. Let start with supporter or sponsor-er, earn money & start your another project as sole. Because at that time banks or financial institution will also believe in your capability rather than at present scenario. You don't have enough money for your projects but you have a lot of great ideas. Be positive and go for it...... These are just my opinions please don't take it personal... Akshayata same point i explain here... well experience..
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Vipin Bhasin, Private Equity/Hedge Fund/VC-Manager, Indian Investment Co.
| 05 15 2010 07:23:43 +0000
Hi Sugandha, I have been where you are. Yes most people will ask for big returns too. An idea to be funded by some 3rd party has to justify their risk. But that is not the only way to fund it. First, pick one idea that you can start small with. Perhaps look to your savings, friends& family. Also, be very very sure that the great idea is actually comericially sustinable & scalable. I have run 2 home based business- both breaking even in less that a month. However both times i shut it coz they were not scalable. And yes the market did not respond the way it looked in my market research. But what did i gain? Valuable experience and some extra capital for the next one :-) Since am not born rich and wont marry for money :-) i can grow step by step with every venture.
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Akshayata , Marketing Manager, Marketing
| 05 15 2010 06:00:13 +0000
Most ideas can be started small and within manageble size. If the idea is worth selling, money is the least of problems. Also, as any entrepreneur/ VC knows one can think his idea will sell like hotcake( i speak from personal experience:-)) - it doesnt quite go that way even for the most successful ideas. Did google start with billions of dollars? Ok if one is setting up an airline or telecom or any capital intensive business then big money is needed. However even there one can start within managebale size.
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Akshayata , Marketing Manager, Marketing
| 05 15 2010 05:49:27 +0000
Ideas have always been more important than anything else in any venture or project. Money is secondary. Actually money follow ideas. For example, a product idea that is unique and saleable is worth more than having a lot of capital and not know what to do with it.
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Azhar Kazmi, Professor, King Fahd University of Petroleum & Minerals
| 05 14 2010 20:21:30 +0000
Can Dhirubhai Ambani make a new Reliance without money. Abosolutely not. The policy is the bring public money and utilise them with their good idea`s and view to attract investments in their own company. He bribed ministers and saved taxed and attracted investors resulting in grown up Reliance. Good idea never succeed without the help of money whether the flow from partner, invester, banks, capital markets, etc. etc. Good Idea need application and implimentation of it, money help it. Narayan Murthy and Azim Premzi developed the IT industry with an idea supported raised the fund from Capital market and reached this stage. Narayan Murthy Issued equity @ 100/- per share now turned to several lacs. Money without Idea never grows either its business or its peoples e.g J K Singhania Group, Birla Group other the AVB and BKB are failing their growth story as before. Innovation and implentation is the process to help either money or business to grow and take the GLOBAL shape e.g L N MITTAL, ANIL AGARWAL (Vedanta) reached from racks to riches. The Idea of consolidation in the steel industry made the man Worlds rich list and biggest producer of steel contributing 8-9% of global demand. Hence surplus money utilised and raised further with itself`s growth. Money and Team is the top most priority and need for the growth of business idea. Sugandha Must watch a Guru Film for money raising/making Idea`s !!!!
By
Jyoti CHETANI, Freelancer, Equity Research/Analytics
| 05 14 2010 14:47:13 +0000
Yes Money can be arranged if the idea is really good. The live example are the players in tennis, golf, formula 1 car racing and the list is endless. Sponsers only support the player when they see the player will go the distance. Same is applicable to the idea for business. You have to sell it to the person who is going to finance. But at first you yourself have to be sure that it will work. In business also we can see all big businesses were started with no or very low capital. We can see a lot of examples. And if the idea is really good the finance is really no big problem. Though in today's world nothing is free and doesn't come without a problem. You have to be prepared to face it and solve it.
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Aditya Sharma, Insurance Advisor/Analyst, LIC OF INDIA, ICICI LOMBARD
| 05 14 2010 11:19:21 +0000
@Suganda Money is the basic wheels of all commerce. There is nothing like a free lunch. Money can be arranged if the idea is really good. There are a lot of "Venture Capitalists" who are floating around who will give you the money for a consideration - nothing is free remember? These are technical chaps who can understand your idea - unlike banks. The offside is that they can understand the risks also, and with a view from the outside find out risks that you, because of your involvement could not locate. Cheers. and all the best
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V. Srinivas, Freelancer, Information Technology
| 05 14 2010 11:08:17 +0000
I totally support that an idea will definitely be supported when it is heard and believed that an thought is achievable. One just needs the determination confidence and persistence in achieving....the result. If one does not hear you it really does not mean that your idea is really bad or target is not achievable. Just stay determined and never lose faith in your self. It is not always that projects with really big money invested are successful.
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santosh lakshmi vempaty, Lawyer/Attorney, CrownBridge Group LLC
| 05 14 2010 10:41:23 +0000
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