The reason why I may not believe that knowledge is the highest capital is because without money it is almost impossible to start up a business.generally you can't start up a business without money in any way.
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I agree with you. Knowledge is the bedrock of successful business and entrepreneurship. Knowledge of the business you want to start with the financial capital is needed in the beginning of the business.Very true of your statement above. Knowledge helps one to know how to make good use of a particular thing like capital. It's the bedrock of a successful business and entrepreneur.
Very true, even with enough capital money wise you will still need quality knowledge on the business and on how to go about sales and management alongside others to be able to maintain a long business reignTo many people, the only reason they haven't been able to bring their ideas to reality is lack of money which they call capital, but capital is not only money, knowledge is also capital, in fact knowledge is the highest capital and not money.
Those people that are spending their money extravagantly are not business-oriented people, anyone who is really interested in starting up a business will never spend their money in such a way.I agree with you but it's not just money that's really important but the understanding if it. Some play and win millions in gambling and some blow it away by squandering.
When I said squander the money, I wasn't necessarily saying spent the money on rubbish, it's possible such person started a business and didn't know how exactly to kick off the business.Those people that are spending their money extravagantly are not business-oriented people, anyone who is really interested in starting up a business will never spend their money in such a way.
Well that means the person did not know how to manage the little money that was budgeted for the business. I know this could be as a result of lack of proper planning or maybe not having a good understanding about business.When I said squander the money, I wasn't necessarily saying spent the money on rubbish, it's possible such person started a business and didn't know how exactly to kick off the business.
It's always as a result of lack of understanding about the business, it's very easy to think a business can start up once you have the capital but starting up normally have extra expense most people don't know aboutWell that means the person did not know how to manage the little money that was budgeted for the business. I know this could be as a result of lack of proper planning or maybe not having a good understanding about business.
Knowledge is the bedrock of a sucessful business in the business world but having a knowledge to lead a company without a money to start is absolutely nothing, knowledge without money is not enough.When I said squander the money, I wasn't necessarily saying spent the money on rubbish, it's possible such person started a business and didn't know how exactly to kick off the business.
Now that we have established that there's no business without knowledge and knowledge needs funding to be executed, how can one get funds required to start a businessKnowledge is the bedrock of a sucessful business in the business world but having a knowledge to lead a company without a money to start is absolutely nothing, knowledge without money is not enough.
But what's so special about a business that it will need so much understanding before you are able to establish .business must just follow the normal rules of business which is self discipline and ability to manage the little money you have.It's always as a result of lack of understanding about the business, it's very easy to think a business can start up once you have the capital but starting up normally have extra expense most people don't know about
Example, I planned starting a popular business, a laundry business one would have thought that I just start but it was after I got machines I got to know there was a particular chemical I was to get first and money was already exhausted, wasn't me though, it was a mutual friendBut what's so special about a business that it will need so much understanding before you are able to establish .business must just follow the normal rules of business which is self discipline and ability to manage the little money you have.
Well I know this is true but you could have just gotten all the basic requirement about the business from people who have done the business already and that is all, there is no name for you to spend more than one month learning how to start a business from someone.Example, I planned starting a popular business, a laundry business one would have thought that I just start but it was after I got machines I got to know there was a particular chemical I was to get first and money was already exhausted, wasn't me though, it was a mutual friend