Both of these things are very important to start a business because when a person starts a business, the most important thing for him is that he knows everything about it and he has a money that is very important to start a business.
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Exactly, he should be able to know the little things he should have known about how the business is done, otherwise they will be sending him thousands of expenses quotations when they only used a little cost to do such task. Sometimes he should spend time in his business and see for himself how they do things.if for instance the business is selling of agricultural products, the business owner must get to know about basic things like cost of transportation, current value of the products he is selling and similar things. This would help to avoid being cheated.
You are very correct my friend with your assessment of how important both knowledge and money is very important to running any kind of business. The money help you to actually start up the business but it's the knowledge that initially gets the business into existence at first.both knowledge and money are essential in running a business but one has to be before another.the foremost of the two is knowledge because money without knowledge is nothing, without knowledge the money cannot be fruitful and won't yield positive result while knowledge can still be innovative to make something positive out
Both knowledge and money are very essential in starting a business .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?
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?
Based on the business angel knowledge of the business to an extent is one of the keys to succeed. Though money is a moving factor, the knowledge of the business will help you channel funds appropriately.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?
Honestly, you can have the knowledge about a business for 100 years and still not be able to start a business because you don't have the money needed to start up the business. Money is really golden when it comes to business start up, there is no other way around it.money is the most important one you should consider because without money you can not have any other thing to start business with then the second you should also consider should be knowledge because with money and knowledge your business will reach anywhere you want it to reach within a short time.
Yes money has a lot of benefit in any business organisation and beside money made up 70% of all business and if you don't have the money to establish and maintain a good business you may not be able to make a reasonable amount of money from that particular business, that is why money should come first before you think of any other thing when you want to go into any business.Honestly, you can have the knowledge about a business for 100 years and still not be able to start a business because you don't have the money needed to start up the business. Money is really golden when it comes to business start up, there is no other way around it.
I will go for knowledge any time any day because knowledge they say is power. If you should have much money to start a business with no knowledge in that business, you are sure of loosing your money .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?