Where Is the Capital, Human and Financial? Essay Example

Arranging financing or securing capital for a new idea is a difficult task to achieve. It is often very important for an individual with a potentially great idea to take a step back and to determine if the idea is feasible in the first place. If this is proven to be accurate, then it is necessary to consider other factors which may influence its development to fruition. With this in mind, securing capital may be difficult for some inventors because they have not proven themselves as viable commodities. However, human capital is worthy of a second glance and should be taken seriously. Human capital is what drives an idea to fruition and may lead to success. Although human capital may be easy to recognize and accept, financial capital is another story and is often more difficult to secure. Obtaining capital to expand the idea requires investors who are interested in making a good idea a great one and who are likely to add their own input to the process to make the idea even stronger than before. Financial capital is critical for any chance of success with the idea over the short and long term.

The Capital is Available; What Happens Now?

Upon securing the capital that is necessary to expand the idea, it is necessary to test out the idea, perhaps using focus groups and other prototypes in order to improve its value and worth in the marketplace. Testing an idea and attempting to perfect it is critical to its long-term success and growth, particularly when markets are competitive. It is necessary for the inventor to consider methods of testing and other predictors of quality so that the idea is not compromised or minimized in any way. This will encourage the development of idea growth and expansion into a more viable and appropriate business model. For new ideas, sufficient capital is absolutely necessary to achieve any chance of real success with the product over the long term.