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

[Maliha]

You should have the knowledge of customer need,by doing this you could build beneficial relationship with your customer,you should also have the knowledge of employee and supplier opinionss, you should also have the mrkzt knowledge,also the knowledge of business environment.

 

[Hassan14]

There are four types of knowledge:
book knowledge, reading what people wrote down;
market knowledge, learning the competitive market inside;
business knowledge, how to design enterprise and execute;
building and selling experience.
What type of knowledge do you think you need to be successful in doing business?

To start any business you must first know whether you are interested in it or not and if you are interested in it then how to do it and if there is now you start it You can do it and you have to work very hard and behave well, then you can be interested in it and you can succeed in it.

 

[Rimsha kanwal]

There are four types of knowledge:
book knowledge, reading what people wrote down;
market knowledge, learning the competitive market inside;
business knowledge, how to design enterprise and execute;
building and selling experience.
What type of knowledge do you think you need to be successful in doing business?

Being able to effectively manage your finances is critical. You will need to be able to forecast your cash flow and sales, as well as, monitor your profit and loss. You will also need to declare your income to the Australian Tax Office.

 

[Kennysplash]

There are four types of knowledge:
book knowledge, reading what people wrote down;
market knowledge, learning the competitive market inside;
business knowledge, how to design enterprise and execute;
building and selling experience.
What type of knowledge do you think you need to be successful in doing business?

You need to be innovative to succeed in the business sector. There is a constant need for change, if you are not ready to make those changes you should not go into business. Keep that in mind.

 

[Heatman]

Success in business requires some level of knowledge, you must understand that some level of professionalism and proven knowledge is required, of which we have, good customer relationship service, proper managerial experience, good inter personal relationship, problem solving skills, good communication skills and Many more

This all boils down to knowing a little more about the business and how to perfectly execute it. No one is going to do the business for you since it's still a new business, if you lack the proper tools and skills that will help you to succeed in your business, you are doomed to fail hard.

 

[maventiger]

@Heatman executing ones business plan is something that most idealist find hard. The best of all ideas might end up an idea never seeing the day light and will end up an abstract taught. Imagine 90% percent of all ideas is being executed ...

 

[Heatman]

@Heatman executing ones business plan is something that most idealist find hard. The best of all ideas might end up an idea never seeing the day light and will end up an abstract taught. Imagine 90% percent of all ideas is being executed ...

Seriously, you're very correct. It's one of the biggest challenges facing business ideas thought up but never put into action. You are talking about 90%, let just only 50% of those ideas become physically set up and functional, there won't be high rate of unemployment.

 

[Seun4luv]

Communication and negotiation you will need to communicate and negotiate with your suppliers, potential investors, customers and employees. Having effective written and verbal communication skills will help you to build good working relationships. Every communication should reflect the image you are trying to project.

 

[chicnthin]

All kinds of knowledge that you have mentioned are necessary and would be extremely useful on managing a business. It somehow relates to one another, actually. It's important to acquire these knowledge to be successful in business.

 

[Oloritoks]

You need the knowledge being of the environment so as not to act in ignorance , because the environment determine the kind of problem that is being encountered on daily basis.

 

[singlej007]

Business knowledge is important for me to succeed in life, although there are other knowledge that I can't do without even if I have the business knowledge to the fullest.
I love technology knowledge, which is actually part of the knowledge am using on this forum.

 

[maventiger]

@singlej007 well said, the tech knowledge is one of the most sought after currently. No business can thrive without the use of technology. A major influencer in the success stories of those currently thriving in the business world. It might interest you to know that majority of failed business is partly caused by not maximizing opportunities that comes with the use of technology.

 

[Klashlly]

Knowledge u need to be sucessful in business

Communication and negotiation
You will need to communicate and negotiate with your suppliers, potential investors, customers and employees. Having effective written and verbal communication skills will help you to build good working relationships. Every communication should reflect the image you are trying to project

 

[Adexgrace]

There are so many skills and knowledge for successful business performance. Some of which are : Adequate business organization, well organized finances, customer relationship, Social relationship of business maintenance.

 

[maventiger]

There are so many skills and knowledge for successful business performance. Some of which are : Adequate business organization, well organized finances, customer relationship, Social relationship of business maintenance.

As you've said, we have numerous skills required for various jobs and the nature of the job also determine the necessary skill which must have been acquired over time to fill such positions. When you have the all necessary skills required to fill a position, the job becomes easy, and the chances of performing better is high.

 

[shakky2]

relationship knowledge and the ability to think very fast is required in any successful business because if there is no good customer relations customers won't hesitate to move forward and the aim to be able to run the business successfully has been jeopardize

 

[maventiger]

@shakky2 you just highlighted one of the most important department in a company. Underperformance in such department or otherwise cannot go unnoticed. It duty has instant effect on company's growth.

 

[shakky2]

owner-client relationship is essential for a successful business, without customers a business cannot be successful and cannot function well .it is the attitude shown towards a customer that attract them to your business

 

[Eyiteepraise]

Knowledge is power.The best knowledge to know before starting a business is to know everything involve in the business,everything that the business is all about.The knowledge to know about the business should be learnt from good and smart businessman or women.In summary, the knowledge one has to know before starting a business is to know everything about the business so as not to lose.

 

[Meerab]

To be successful in any busines must have business ideas n knowledges.. A business can not succeed without efforts n planning..you need to know the the pros and cons of the business for succeed