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

[Chibson]

True, but their are some kinds of people these days that don't really make research in the kind of business they are venturing into, all they care about is the positive side of the business.

such people may actually not be fully successful in business. It is actually good for you to look at the positive side of any business but at the same time, you must look at the negative side before making your decision.

 

[Chibson]

One of the ways to really be ahead and grow vwry fast at what you do,is that youn must be able to identify the real needs of your potential customers,and then come up with genuine solution to the problem.

Probably, identifying the need of your potential customers is very necessary. There is no you can be able to succeed if you don't properly understand the needs of your customers.

 

[Immilash]

such people may actually not be fully successful in business. It is actually good for you to look at the positive side of any business but at the same time, you must look at the negative side before making your decision.

Yeah that's exactly my point, looking at what business will yield you will not help you, before going into any kind of business you need to look at every angle of the business.

We need both knowledge and money in order to be succesful in a business , knowledge has it own uses while money also has it importance in the survival of a business .

That's true, knowledge and money are all important, we need to have money and knowledge at the same time knowledge before we can start up a business, they are all important.

 

[Chibson]

Yeah that's exactly my point, looking at what business will yield you will not help you, before going into any kind of business you need to look at every angle of the business.

That's true, knowledge and money are all important, we need to have money and knowledge at the same time knowledge before we can start up a business, they are all important.

making proper calculations before venturing into any business is very important and necessary because it would help you to reduce the level of risk and probably become successful on the long run. If you do not know how to manage some crisis your business you will not succeed.

 

[Shigobad2020]

Probably, identifying the need of your potential customers is very necessary. There is no you can be able to succeed if you don't properly understand the needs of your customers.

Both knowledge and money are very important in business , if you have a uge amount of money and you don't have the neccesary knowledge to run the business , then everything will be a waste .

 

[Smiles20]

If you are having the right amount of money and you can be able to employ people with the right knowledge to take the business forward so money is actually I pretty

 

[Chibson]

Both knowledge and money are very important in business , if you have a uge amount of money and you don't have the neccesary knowledge to run the business , then everything will be a waste .

Probably, if you have money without knowledge you will not know how to utilise the money in order to make profit. Having the both of them is very important.

 

[Chibson]

If you are having the right amount of money and you can be able to employ people with the right knowledge to take the business forward so money is actually I pretty

This is also applicable. if you have enough money you can employ people who has the right knowledge that will help you succeed. But then you still need some level of knowledge.

 

[Bigron]

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 knowledge is more important than money because even if the money is extremely scanty, your knowledge can help the business to grow steadily but if you are deficient in knowledge no
matter the amount of money you have the business is doomed to fail

 

[Bookwormlux]

I think knowledge is more important than money because even if the money is extremely scanty, your knowledge can help the business to grow steadily but if you are deficient in knowledge no
matter the amount of money you have the business is doomed to fail

That's sure.

A lot of people have a lot of money but with little or no knowledge and the money has been wasted.

It is very disastrous to think it's possible to do without knowledge.

 

[Bigron]

That's sure.

A lot of people have a lot of money but with little or no knowledge and the money has been wasted.

It is very disastrous to think it's possible to do without knowledge.

Yes, many people venture into business all-in without thinking of conducting research into the business to even ascertain the pros and cons of the business. It is inevitable, then, that the growth of the business will be stunted

 

[Smiles20]

I will generally advise everybody to get a handful of knowledge from the both of them but the truth is that you can be able to be successful if you have money to throw at everything.

 

[Shigobad2020]

I will generally advise everybody to get a handful of knowledge from the both of them but the truth is that you can be able to be successful if you have money to throw at everything.

You need both the knowledge and money to be a succesful human being in life , take for example , having money without any knowledge , the money won't last long because you won't be able to think on which business to do with the money

 

[Good-Person]

such people may actually not be fully successful in business. It is actually good for you to look at the positive side of any business but at the same time, you must look at the negative side before making your decision.

I think that both knowledge and money are important. However, I think that knowledge would gain an upper hand over capital because almost all the people on the planet make money, but they may not have the right kind of knowledge to make profits or invest money.

 

[Joseph555]

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.

 

[Agbalagbaa]

I think both of them are very important, if you want to start up a business you are expected to have both of them, there's no way you can earn money without having any experience.

 

[Chibson]

I think that both knowledge and money are important. However, I think that knowledge would gain an upper hand over capital because almost all the people on the planet make money, but they may not have the right kind of knowledge to make profits or invest money.

Both knowledge and money are very much important. If you are given some money and you do not have knowledge, you will probably end up wasting everything.

 

[joy101]

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.

Yes, knowledge and money are very important when it comes to starting up business, because both of them play a very good role, when starting up to business you need both knowledge and money.

 

[Immilash]

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.

There are a lot of business you can start up with that amount of money, if you have a good amount of money you can gain more, you don't need to have any special skills.

 

[nana kwasi]

In my opinion, knowledge is more important than money because it allows you to use your skills and knowledge to turn a small sum of money into a large sum. because you acquire knowledge, abilities, and methods that you can use to advance.