Type of Knowledge you need to be successful in doing business.

[Laurentta]

Well said. You gave beautiful points. To be successful in business, one must also know the do's and dont's of business and also the rights and wrongs of business.

 

[Toyoabasi]

Anyone who wants to succeed in business must possess human management skills.
Interpersonal relationships also matter.
Keeping family and and friends away and distinct from business will never make you run into debts of even collapse of the business nor can it make your mother not be your mother again.

You're right.
Good human management skills is very necessary especially if you intend working with a team, you also need to have good interpersonal relationships. Knowledge of the business you're into is Paramount.

 

[Keibah]

No knowledge is a waste, especially in business. However, the kind of knowledge I find most valuable is the one you acquire in the process of growing your business. It is always practical and counts as an experience.

 

[Adecyptii]

I think even if one has the book knowledge and market knowledge he might succeed in the business, but when one combine the four,everything will move appropriately.

 

[Shigobad2020]

Marketing knowledge is very important if you want to survive in the competition most especially when you have competitor doing the same work, and you must also learn how to save and avoid loss.

 

[kayode10]

You must learn how to develop unique selling proposition for your business you know not to stand out among the competitors. You also need interpersonal skill so as to develop a good customer care service for your business.

 

[Godspower]

No knowledge is a waste, especially in business. However, the kind of knowledge I find most valuable is the one you acquire in the process of growing your business. It is always practical and counts as an experience.

I agree with you. Practical knowledge is always the best form of getting experience for a business. You can get such knowledge from learning under someone as an apprentice.

 

[Heatman]

The best type of knowledge I think everybody should have so as to succeed in any business is entrepreneurship knowledge. This knowledge can go a lone way on ho to start and run a business. If you don't have this knowledge, there is no point for you planning to enter into any business at all.

I believe that the kind of business that you want to get him through the comments that kind of information that you need to progress and succeed in that kind of business.

 

[CeeJase]

To be successful in business, it is important that you know the numbers well. You know in that case you will benefit and in which surah you will be at a loss. You must have Burns Administration Skills for this job.

When you are considering about starting a business that you want you definitely need to have every information about your business customers because they are the reason why you are starting the business to begin with.

 

[Adecyptii]

To be successful in doing business you will need to communicate with your supplier,customers and employers.
Communication skills will reflect the image you are trying to project.

Yes this is a factual and and important idea, I believe it is very important thing it is expected of any business owner to know, effective communication matters a lot

 

[Heatman]

For one to be successful in any business, you must know how the business is runned and also the do's and dont's of the business. For a successful business discipline, hardworking and adorable commitment is very required.

Every businesses have its own rules and regulation and things that work for the business so if you need to be successful in that particular business you need to have those information.

 

[greenie]

Knowledge is power. There are no two ways about that, you must be knowledgeable to forge ahead in your field successfully. I hear people say, skills, are more important than knowledge, well that is wrong, the both work hand in hand, you need knowledge to carry out your skills effectively. Hence, go search for valuable knowledge in your field.

 

[Ononivami]

Different businesses needs Different knowledge and ideas . The knowledge that you will need in forex investment will be totally different from the one you will need in farming investment.

 

[Setho]

Anybody who is starting a business will be somebody that has good analytical skills and the ability to be able to conclude deals with people. This kind of deals might be with customers or with people that you are intending to partner with to make your business more stronger.

 

[Syldan]

There are alot of people who engage into business but they don't really have knowledge about the operation of the business and that affect their success. So it's expected of you to have good knowledge.
There are numerous numbers of skills which will helped an entrepreneur to be successful most especially resources management skills and personel management skills these are very important.

 

[Shigobad2020]

Well said. You gave beautiful points. To be successful in business, one must also know the do's and dont's of business and also the rights and wrongs of business.

Knowing what you have to do and the don't is important if you want your business to be successful and thats why you need a good and necessary research before going into new business.

 

[Lucy ID]

To have a good knowledge of a business you have to have a good mentor in that line of business it's very important, then ask questions important one and if possible get materials you need to grow from your mentor and work on yourself too

 

[Setho]

It is true that business is actually beyond buying and selling but instead you should be able to understand human psychology and how things work. This means that you should actually be at the front and you should know how to interact with people and how to form the right partnerships to take your business forward.

 

[Shigobad2020]

Being Able ro have and use your analytical skills in analysing between different business deals , having a good sense of judgement when making business transaction is also important.

 

[Syldan]

There are different types of knowledge that is required of an individual to be successful in a business. The management of resources as a knowledge is very important because it helps you on how to spend your resources and also the personel management.