Most people I have met who are quick to use their lack the capital to start businesses as their main excuse for not being entrepreneurs do not even have in the first place any ideas to work with. Instead, they are waiting for the capital to land before they then start looking for ideas. I have had people come up to me and say“, have N1m, what business do you think I should go into?” to which I always lack what to tell them. As far as I am concerned, I think that isn’t entrepreneurship. Entrepreneurship starts with idea generation, not finance. You have an idea that you are so passionate about, and then you persist in trying to see it get off the ground. The hustle in getting it to work.
Leveraging contacts, making the most of what you have and the constant refining of the idea is a large part of the fun of being an entrepreneur. If all entrepreneurs were to wait until they had enough capital before setting out to change their world with their ideas, only a fraction of today’s enterprises would exist. It reminds me of the Bible verse in Ecclesiastes 11:4: “Farmers who wait for the perfect weather never plant; if they should watch every cloud, they will never harvest”. Waiting for the perfect conditions before you set out on that road of entrepreneurship is as good as never setting out on that road: the conditions will never be perfect. Create that idea and believe in its power. Start wherever you are. “Start weaving. God will provide the thread” - German Proverb.