THE ORDER OF PREFERENCE TO SELL A PRODUCT AND MAKE MONEY IS AS FOLLOWS: MEN,MONEY,MATERIAL,MACHINERY&MARKETS.
By
s.baalu , Consultant, XYZ LTD
| 07 10 2010 13:28:03 +0000
"No we need an IDEA"..Blah Blah Blah.. i have seen many people argue this... but if u look back in history, all big business ideas needed money to become BIG !! Eg: Facebook, Google , etc. You can start a business with an idea. But it will take ages to reach BEP. If you have to make Money , You need Money ! 1. Facebook -
By
Aditya Kumar, Senior Consultant - ERP, FLSmidth
| 07 09 2010 20:51:45 +0000
I agree with your view point Mr.Amit and you are absolutely correct.
By
NATTERAJA R. ARIKRISHNAN, GM-Projects, Bentec Electricals & Electronics Pvt. Ltd
| 07 08 2010 19:05:50 +0000
In my opinion both are true. But, money makes money theory have limited scope of growth than the innovative idea and disciplined organizations.
By
Santosh Kumar Mohanty, Civil Engineer-Municipal, Sambalpur University
| 07 08 2010 11:43:00 +0000
Yes Amit you are right but you are talking of a long term goal of an organisation. That how exactly all the organisation looks at the prospective in long term which is dived in partts like short term prospective and long term prospective which is based on turnover and profit ultimately money bring in money and the organisation grows and this is a natural process.
By
Rathin Deb, Advisor and retail consultant, currently as Branch Manager, Tower Infotech Ltd
| 07 08 2010 10:04:54 +0000
There are so many industrialists, who started their busyness from the scrach only due to organisational skills and will force.
By
R N Bhattacharyya, Freelancer, Freelancer
| 07 08 2010 06:43:43 +0000
Actually its true that without investing you dont expect returns. Either you invest money and then expect results or if you have invested in yourself, that is invested in your studies, improving skill sets, knowledge of a product and idea, then its poosible you may make moeny is jobs or people can forward to finance your idea and who knows it may be a boom idea, unthinkable earlier. The examples are plenty. And most of all if you cant carry forward the idea as it may require heavy investment, you can anyday sell the idea at a price and get compensation. Organisation skils or staffing or systems , all come later on and can be hired with money but the initial ideas will be your own and it does not cost. Of course bigger money makes your growth faster as money attracts money.
By
Prabhakar Srivastava, Director
| 07 08 2010 06:40:59 +0000
yes money makes money when its in the hands of organisational skilled.
By
N.Rajarajan , Project Lead, wintek technology india private limited
| 07 08 2010 05:56:36 +0000
Initially, you may need money as startup capital to commence your business. However, your core business is dependent on the business idea/concept. If the idea/concept is not good, then money is not going to solve the problem and sustain the business in the long run. Additionally, the business capability and the operational capability in running the business is important for the long run. These are skills that cannot be substituted with money. Thus, initial seed money may be required to establish the business (in any venture). However, subsequently, it is the skills (business, operational, managerial, risk taking ability, etc.) which decides how you sustain the business in the future and thereby make money and profit.....
By
Badri N Srinivasan, Head - Quality, Valtech India Systems Pvt. Ltd.
| 07 08 2010 05:53:28 +0000
yes money is needed to make money ....... u can see the example that if we want to start any business then u should have enough amount..........
By
Mohit Gaur, Sales Executive/Officer, Ajanta Pharma Ltd.
| 07 08 2010 05:40:58 +0000
Hi, It's really a best topic to discuss... As per my understanding money is not a matter or hindrances to make money, It's all about to leverage your time... To know more, you can buzz me at any time @09920911002
By
Nagraj Shetty, Vice President
| 07 07 2010 12:56:57 +0000
My Ideal Steve Jobs, co-founder of Apple Inc, once said that Innovation has nothing to do with how many R&D dollars you have. When Apple came up with the Mac, IBM was spending at least 100 times more on R&D. It's not about money. It's about the people you have, how you're led, and how much you get it. Does not it sound true to the core. At the end of the day, its an idea that makes you jump off your chair and your people that drive you to achieve.
By
Vinisha , Content Manager, Vcare Corporation
| 07 07 2010 12:37:21 +0000
In todays world where what really matters is how good your product is to earn profit
By
Abhishek Sinha, Freelancer, Management & Strategy Consulting
| 07 06 2010 11:27:48 +0000
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Every man don't have ideas and organizational skill, they only know that what to invest and what will they get from it. Even those who have ideas and organizational skill needed money first to implement the same
By
SUNIL KR. KULSHRESTHA, Asst. Manager/Manager -(NonTechnical), JK Cements
| 07 11 2010 10:53:26 +0000
No doubt, you need money to make money. There are exceptions, that primarily using manual works & obtaining remuneration as compensation Also middle-man broker does not need money to eke-out. But, in majority of cases, money, definitely ,help multiply it. Idea, organisationational skills are all plays a vitol role. But, to translate those into action , every one involved in will ask for money. Its an essential ingradient to make money.
By
KALIYAMOORTHY , Oil & Gas Area Coordinator, Undisclosed
| 07 09 2010 15:10:27 +0000
Wealth begets wealth. You can only get more if you already have enough. That's the rule of the world.
By
Aditya Iyengar, Product Lead - Bullion, Base Metals & Energy, Kotak Mahindra Bank
| 07 09 2010 13:09:20 +0000
It is ultimately the money which helps in creating product differentiation. Look if do not have ideas you can buy ideas from the market. If you do not have the skills you can hire skills from the market. But if you do not have money you can not buy money from the market purely with the ideas and the skills. Like one of my friend said their very few earth shattering ideas which do not require money. Otherwise it is only the money which matters in the end. It might seem arrogant but it is the truth. We have accept the reality. You might give examples of individuals having ideas and succeded in creating product differentiation but they are very few and can be counted.
By
Aditya Sharma, Insurance Advisor/Analyst, LIC OF INDIA, ICICI LOMBARD
| 07 08 2010 06:38:30 +0000
If the question was what determines a successful venture - money or idea/organisational skills that help one make money, I would have said it is the latter. But the question is do you need money to make money... We need money to start a venture and run it. But with modest money available but idea/organisational skills given a larger priority, a venture can be a big success.
By
SR Sham Sunder, CEO/MD/Director Technoaid
| 07 08 2010 05:13:11 +0000
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