Knowledge or Money: which is more important in starting a business?

[Bookwormlux]

In starting a business one has to be very careful and make sure all is in place before starting in order to avoid making avoidable mistakes.
Between money and knowledge about a business, which is more important to the business owner who is just starting?

 

[Goodday]

All of them are very necessary and that is one needs to be well prepared enough before starting up a business. None of them can succeed in business without the help of another.

Post automatically merged: Dec 26, 2020

All of them are very necessary and that is one needs to be well prepared enough before starting up a business. None of them can succeed in business without the help of another.

Post automatically merged: Dec 26, 2020

All of them are very necessary and that is one needs to be well prepared enough before starting up a business. None of them can succeed in business without the help of another.

 

[Maliha]

Money and knowledge are equally important but knowledge is more important i guess with knowledge you can convert your little amount of money into huge amount by your knowledge and skills.because you get skills and techniques which by utilizing you get progress.

 

[Ridorz]

The both knowledge and money are very important and imperative to aquire before one can able to start business. But knowledge come first, you have to learn to have knowledge about the business you want to go into after that you will be fined money to invest on your knowledge. Therefore, both are working for each other.

 

[Hasan Raza]

In starting a business one has to be very careful and make sure all is in place before starting in order to avoid making avoidable mistakes.
Between money and knowledge about a business, which is more important to the business owner who is just starting?

Both things are very important because both are dependent on each other. If you have only knowledge and not money you can't start your business.
And if you have only money not knowledge then it will be difficult to run it.
Knowledge of the business you must have.

 

[chicnthin]

Both having money and knowledge are important when running a business. One can't really operate and starta business without the capital that is needed. Also, if you don't have any knowledge, the business will most likely fail.

 

[WhiteHouse]

Knowledge, Knowledge, Knowledge, knowledge!!!! Cash can be a colossal advantage to your business. Anyway the knowledge guides it. You can be a specialist in your field and start with a $1000, in the event that you are proficient you will discover how to think of the cash. In the event that you simply blow cash on all that you will never truly learn and will continue attempting by placing in more cash until your financial plan is no more.

 

[Janita]

If you have money you can only start business but if you have knowledge you can run it well and more well in future as well because these two things play a vital role in your business .money helps you to buy and sell your products but knowledge helps you to show your talent,experience,and
co-orporation with unity so these both things are important

 

[grabthe.com]

Money, you can pay someone with knowledge to do what you want. For the properties I own, I hire people to run them so I have to do as little as possible and can focus my time making more money

 

[Dubai]

In starting a business money is important but I believe knowledge is more important as it is what will make your business to succeed. If there is knowledge, then money will follow soon. But even with money you might find it hard to run the business successfully.

 

[Kamon c4]

Knowledge and money are both very important in starting a business. In order to run a successful business you need to be knowledgeable about the business. You don’t have to be too knowledgeable or specialized in a business, you can employ more intelligent people to run it.Also to start a business, you’ll begin from a step and that step requires money. If you don’t start somewhere it’s still a dream not a reality

 

[Ralphjoe]

Money and knowledge are both important in the business life, When starting a business, Money plays one of a great role, it's the engine of a business, then knowledge is actually what makes the business to succeed, it's like the wheel of the car, that takes the car the right way.

 

[salman Royy]

If you are running a business, you should know how I will handle this business. No business runs without knowledge, so we need to know the business, if we have the knowledge, then start the business. Knowledge of the business but you can take your business forward and make a lot of profit from this business so we need to have knowledge.

 

[Josemendez]

In starting a business one has to be very careful and make sure all is in place before starting in order to avoid making avoidable mistakes.
Between money and knowledge about a business, which is more important to the business owner who is just starting?

Well this is quite difficult to select one actually , one can who has money can use money to buy the needed knowledge and man power needed to make his business succeed ,and one with knowledge and no money can also thrive.

 

[Bilal0087]

In starting a business one has to be very careful and make sure all is in place before starting in order to avoid making avoidable mistakes.
Between money and knowledge about a business, which is more important to the business owner who is just starting?

I think both are necessary for starting a business.
The most important thing is money but without any knowledge you can waste your money but if you have proper planning and knowledge then with little money you can earn high profit

 

[Tariq Shehzad]

you will be needed every thing for doing business. Knowledge, wisdom, experience and money. If you have knowledge, and not money then you are unable to start a business. If you have money but not experience then, you can't do business any more.

 

[Dylinks]

Knowledge without money in business is frustration. The two words are inseparable. Business thrive on the availability of money to put things in place.

 

[Tunnexisco]

In starting a business one has to be very careful and make sure all is in place before starting in order to avoid making avoidable mistakes.
Between money and knowledge about a business, which is more important to the business owner who is just starting?

Knowledge is an embodiment of understanding what is to be done, without it there would be nothing called starting of business. An ideal individual would agree with me that the need to have full idea of what, where and how of business comes first before execution called starting takes place. If you are knowledgeable it would be easier to make appropriate budgetary plan on the business properly, then proceed to the stage of sourcing for the money to kick start the business. Although, both knowledge and money are important factor to be consider for starting a business, but knowledge comes first in the order of hierarchy.

 

[Nova]

It is not either or option. You need to have to work with both for successful business. You earn money only when both of those are in order. Money can go to waste in the wrong resources if you spend it the wrong way. I'd definitely focus on the business approach too because that comes with the knowledge in the process while running biz.

 

[Alexandoy]

I have a friend who was spoiled by his rich parents. He is actually a Japanese residing in our country. He had 5 failed businesses already and his 6th was his mother asked me to help. The business is raising lettuce for sale to the market. I made the business plan and I presented to the mother which was approved. She gave the capital to her son. But the son has no knowledge of the business so I don't think it will make progress. When we were hiring people for the start up I saw that the son was like playing with the interview. He was 25 years old. I resigned from that consultancy job.