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The way our minds works differs from one another but for as far I can tell one of the easiest thing for me to do in the world is creating of business ideas and plans. It comes as easy as writing a poem, drafting each of the steps and structures as it pops up in my mind. It is always fun I could tell, my face ignite with happiness anytime I do this each time I'm done I will tell myself someday when I have the capital to finance these set of business ideas I would embark on it. There have been series of argument concerning idea formation and capital which of the two comes first? It looks simple but it is indeed a tricky question when you take time to think about it.
You could create a set of ideas but without the capital to fund your ideas, it will just be a plan on a piece of paper, whereas you might have capital without any business idea to invest it in but the thing about having money is that eventually you will find somewhere to put in even if it means investing in established ideas by other people. When you think of it which one sounds more tragic? it kind of feels like if you have the capital or necessary means of funding everything else becomes a lot easier but that isn't true. The reality is there are some ideas buried deep in some individuals that cannot be found by just searching online or with resources.
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As it ever occurred to you that the greatest establishment we appraise presently where just an idea, name it? Facebook, telegram, blockchain technology, Microsoft e.t.c it goes on and on which one actually comes first, idea generation or capital/funding, some of the founders of the above name institution started from almost nothing and gradually there ideas becomes a light that shines so bright and attracting lot of investors and partnership. Here they are building generational wealth, when you look at them standing so tall in their gigantic buildings it is hard to tell that it all started from just an idea.
I kept getting stuck at every point there must be something I am missing, what is the point of creating thousands of ideas without the capability to make it a reality. How do I turn a piece of block or a bag of cement to a skyscraper? It suddenly felt like an impossible boundary to cross. I wouldn't blame myself I live in a country where everyone blames the government for everything, frustration has blinded the people to an extent that they see no other alternative to get themselves out of the consistent poverty. Every means of someone trying to get funding from the government for a particular project is attached to a condition that is also attached to another condition.
I kept deliberating how else do I fund my Ideas, goals and objectives? The reality is if you don't invest in your ideas to an extent others see it as something worth investing in, nobody will come near it. While deliberating, an unusual thought pops up in my head "Ideas don't fund themselves" it was just a thought but I kept pondering on it, what if what I'm missing is also an idea? What if capital building is just an idea? What if I can use an idea to generate capital to fund my ideas? When people create business ideas they always find it difficult to to create a way of funding their ideas and sadly a business idea without a means of funding is incomplete.
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Bridging the gap between ideas and funding might seem impossible to many but it isn't. I wouldn't say it is easy also, it is definitely a tasking process. One thing I came up with was instead of just focusing on creating business ideas, why not divert some attention into capital building ideas. The purpose of creating business ideas is to make money so it might sound ridiculous if I say you also need to think about how to make money to finance your business ideas, you might say something like *"what exactly do you think I'm doing in the first place?" I understand your frustration, probably you need to take a moment to understand what I meant by capital building.
Capital building is the systematic generation of funding to finance a business. One major mistake most start up business make is taking out loans to finance their business ideas, it works out for some people but definitely not all. The first year of every business is always a struggle, since you spend more of your money to ensure everything runs smoothly and since it is a loan, such business owner would have to work tirelessly on balancing the business and also making enough profit to pay back the loan, putting all sort of pressure on the business which wouldn't have been the case if the money was his/her own. I'm not saying loans are bad but it definitely have some strains on startup business owners.
Like I said earlier capital building is a systematic process and it involves the following:
Budgeting: Before embarking on any steps of capital building it is highly important that you create a paper work that consist of amount that will be needed to finance your business idea, it is subjected to change depending how long it takes to put together enough fund but it will serve as guide as you navigate through the process of capital building.
Expanding of knowledge: One thing about capital building is, you can't navigate some areas without equipping yourself with knowledge, the whole idea of capital building is to find ways to earn passive income that wouldn't warrant anything physical. Last year I became more interested in the crypto space, I learnt the basics and I subscribed for tutorial classes from there I began to participate in lunchpools, Airdrops, Staking on CEX and futures e.t.c
Consistency and patience: It is quite certain that capital building takes time and the duration depends on each individual ability to keep creating more ideas to generate funds and be consistent about it because losing focus at any point will definitely add to the duration. Success demands discipline, it isn't a child's play.
Compromising and updating:
Like I said earlier capital building takes times and during those times there is a high possibility that some of the plans you jotted might become outdated or some items cost might have increased. Which means you have to consistently keep updating your business plan to fit into the present.
The more capital building ideas you can generate, the faster you can put it to work , the easier it becomes to achieve the necessary capital for your business idea.