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

[Kolapo]

Well, depends on what you have at hands. If u have money u can employ people with knowledge. Including professionals to run analysis for you..
And if it's knowledge you have to deploy it to achieve your aims

 

[WhiteHouse]

Both Money and knowledge are very important. Money to make sure that you’re debt free and Knowledge to understand where you can invest all that money. Have both. Perfectly balanced, as all things should be..

 

[Lekside127]

Both Knowledge and Money are very important in starting up a business. But I strongly believe that knowledge is the most important of the two because, if your knowledge for the business is very sound but you don't have enough money, you can be able to a partner for money to start it

 

[Life drama]

Knowledge and money are essential in starting a business, without knowledge your money is useless.your knowledge will eventually fetch you money, people will pay you money for being knowledgeable, intelligent people create wealth.

Post automatically merged: Jan 8, 2021

Knowledge and money are essential in starting a business, without knowledge your money is useless.your knowledge will eventually fetch you money, people will pay you money for being knowledgeable, intelligent people create wealth.

 

[Khezo]

They are both needed equally without money the knowledge you have might not be out into place and if you have money without money, you would definitely spend money where you shouldn't which means eating money

 

[Abiodun omolayo]

Both knowledge and money are of great importance in starting a business of your own. Money will aid in the continuity of one's business as all needs will be bought or made available when they is money. And knowledge also will help in the longevity of such business in precision and creativity. So both are of utmost importance.

 

[Sammyesx]

Well, they are both very important in starting a business but I think money edge knowledge in the sense that money can help you buy or employ knowledge, there are some successful businessmen that started a business which they had little or no knowledge about,, but they employed people with sound knowledge about the business.

 

[Adventurer]

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'd say they are both important, and you need the 2 to succeed. Starting with money I have seen people start a business and pack up after a few months because of lack of funds likewise knowledge, lack of knowledge will lead to bad decisions which affect your business. So the 2 are very important!

 

[shakky2]

both are essential in starting a business but knowledge is more important because it is the beddrock of any successful business.without knowledge money is empty and money won't be able to achieve anything which will lead to fail attempt

 

[Afrinish]

Strt of the business see tge different thing and fliw the rule . check the quality of product of the market and check the market value if the thing and check the different quality of things demand of the market qulity and customer denand and price .check the price of the market.

 

[golamike]

I think both knowledge and money are important. But I give a slight preference to knowledge than money. It is dangerous to go into a business you have no knowledge about even if you have the funds. Many people have wasted their monies in businesses due to inadequate or lack of knowledge. When you're knowledgeable about the business you intend to start, even if you do not have the capital, you can always source for funds (loans, partnerships etc). Knowledge is power!

 

[Peppul]

Both are important because they work hand in hand but theoretically if you look at it money is more important, with money to start up a business you can easily hire a professional to help startup a business, but knowledge without money is nothing unless someone is willing to help you put your knowledge into practice by supporting you with money which is hard to see because at the end of the day the person might just decide to buy your ideas and pay you off.

 

[Kennysplash]

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 above everything else. If you don't have the right knowledge, even your money might be useless or wasted. You can't have it all though, it is either 50 to 50 or 100 to 0. Some have both knowledge and money in moderation, some have either and not the other.

 

[Sake]

Hmm money because you can hire someone with the knowledge to set up everything for you while you learn. But just because you have the money to start doesn't mean you don't need to learn anymore. If you don't have knowledge people will take advantage of you.

 

[Ehsan Ullah]

Money is a basic need for starting a business but lack knowledge is harmful.Therefore,they are equally important.A personal who starts business without proper knowledge,totally wastes his money.But a person who has proper knowledge about business,he may succeed in the long run.To make opportunity money is much important.

 

[Damscooguns73]

Concerning which is important between knowledge and money before starting a business. Well, I believe the two are important as they will have to work hand-in-hand before starting a business. You have to source for the knowledge of the business you want to startup and capital(money) must be needed to startup

 

[Ehtisham memon]

It's a important thing of a starting Bussiness knowledge and money money you invest and increase your Bussiness our knowledge and build a good first you investing and not a profit but after some time increase a Bussiness and build up in the future

 

[Godleads1]

Knowledge and money is quite important. But if asked to place in order of which comes first, knowledge is wealth. With knowledge, you would be able to make judicious use of your money and yield many more. Knowledge is power that empowers your financial ability to continue.

 

[Azeem Qadir]

Knowledge is more important then money.
With a little money and great knowledge you can be successful in buissness.
But only with investment u can never b succesful.

 

[Zubair]

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 of them are necessary to start any business. Because having only money if you start your business, you definitely will go in Loss. But having only knowledge but no money is also useless. So they both are the basic need to start a business.