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

[Aniwhyte]

Both knowledge and money are important when starting a business as without money there is no way possible you would be able to start a business and without knowledge it's impossible to run a business successfully. So the both goes hand in hand and are essential in running a business smoothly.

 

[Sotherefore]

On my own point of view i will say both are actually necessary and for you to start a business you actually need alot of money and for you to maintain a business you actually need knowledge and understanding,so anyone going into business must have both so as to maintain and manage your business,so both are actually the best, have knowledge and money and see your business grow.

 

[Golden_ear]

Both are a great deal to consider when doing business. It is the money that one need to finance the business, and it is the knowledge that will be use for the technical know how and ways to integrate the business for maximum profit.

 

[Afeefah]

Both are equally important.
You can't start a business without money even if you have the knowledge.
If you have money without the knowledge for the business, then be sure your business will never be successful.
You need to know to manage the business well and what to do to attract more customers.

 

[Thompson11]

Both knowledge and money are basically very important in starting up a good business. But on a personal opinion I think money is a little bit more vital in starting up a business.

 

[Mujahid12]

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 and money both are necessary to become a good buisnessman This is both the basics to start any business because if you have knowledge then you can achieve success in business and from the knowledge a person achieves success and money is a must for business, without this you cannot do business.

 

[Ltherman]

Both are equally useful and important. Finance in business without the requisite knowledge of that business will lead to catastrophe while knowledge of the business without resources will leave you handicapped. So for a successful outing both are essential ingredients.

 

[Harisstech]

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.

Both are very important in business, because they are the tools to used in business, money is very important in business it is only when you have money you can think about to to do with it. But knowledge is the most important aspect of business, it is the first thing to consider, before going for any business, knowledge come first and money will be the tools.

 

[Ibrahim]

My brother if am going pick between knowledge and money I will rather pick money because knowledge is useless without money but you can use money to buy knowledge because no matter what happen you will still have someone that's going to give you knowledge that you can use money to do but nobody can borrow or give you money for the knowledge you have at all

 

[Adegbindin Abdullahi]

Rather, knowledge is more important than money for a successful investor. As an investor, the decision you make are governed by the amount of money you plan to invest, to a certain extent. To make informed decisions you need knowledge

 

[kaychiz]

Knowledge and money each have their vital roles to play in business. None is more important than the other. They compliment each other very well. Without money you cannot set up a business and without knowledge you cannot run it well so as to make profit.

 

[kayode10]

There is an adage which says a fool and his money will soon part ways. The reason behind this adage is that a fool doesn't not have mental capacity to hold the money for long.

There are three Es which are very important to business success. These are

Education, Experience, Excess Cash in the right other.

This implies that Education needs to come before Experience which eventually leads to excessive cash.

 

[Presido]

Both knowledge and money are very important, you need to have the knowledge of how the business will be a success by running the business wisely, knowledge is even required when it comes to spending of money

 

[Setho]

All of them are supposed to work together and not leave one out of the other. There are a lot of businesses today that even if you have zero knowledge your money can talk for you eg opening a restaurant, you can afford the best locations and the offer a variety. Things like forest and production or processing of things require you have a sound knowledge so both are important

 

[Nurudeen]

Knowledge is more important to someone who is just starting a business. Without knowledge of business if a business is set up with any amount of money, the business could crumble with in the space of one month and live nothing left to the business owner. So it's best adviceable for someone to get knowledge before anything else in Business.

 

[Aqsa Shahid]

Knowledge and money, both has it's own importance to start a new business. They both are essential in running a business.
Because if you have money with no knowledge, then your money will be wasted. & If you have knowledge with no money, then you can't start your work.

 

[Nma]

Knowledge and money are very important in starting up a business.... None can take the place of the other... it's very important for one to acquire necessary knowledge and information needed for a business before he ventures into it if not he would be gearing towards failure..... if one has all the knowledge but is without capital he won't be able to set up the business successfully

 

[Niftyyem]

Both are actually very important. If you have the knowledge without the money, the business remains just a dream and if you have the funds but with no knowledge, the business is likely to fail. It is better to have both.

 

[Farhan Aslam]

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 are essential to running a business. You need to know about money and the business you want to run. You can't easily run a business without one of them. But the more important of the two is information. We should not start a business without information.

 

[Eminence]

Both is both required knowledge and money. The two must be well grounded before a business can be set up. But must importantly knowledge is the first and the foremost needed in setting up a standard business.