Any risk in starting up a business without proper training?

[Ogbest]

I think it's a big time risk, especially when you don't know much about the business you want to venture into. There are some businesses that seems so easy when looking at, they look exactly like what we can handle without under going proper training. What do you have to say about it? Is it wise enough to invest into a business you don't know much about?

 

[Jobiezue]

I can't really startup a business that I don't really know bit about, i have to take time to study about the business strategise put creativity at work then move into it. Anything apart from the above mentioned pints, i think I should be count out of it completely.

 

[JamoPosh]

A big risk attached to it. Do not expect magic happens to make it big without proper plan applied to running the business. It how you take your business you get the result you deserve. So if proper plans it been taking into place there's high tendency you make it big in your business.

 

[ranaabubakar263]

If you want to start your own business without full information then you can not get good profit.First gather full information about that business you want to do and search well and find out about it. Find out everything so that you can make a huge profit. and at the same time you can do this business with full concentration. You can start your own business after you get a good analysis.

 

[singlej007]

There is a big risk, and the risk is, you will end up losing in your business or get the whole business crash, I am talking base on experience, do not go into business if you have just semi knowledge about the business, when challenged comes you will not be able to takle it.

 

[Patrik]

let's not calling it training but just not enough knowledge, getting into things without knowledge will surely result in repetitive failures without any doubt, to reduce the number of failures, just make sure you gather enough knowledge

 

[jimmann247]

Yes, a lot of business like easy business to do Once you have the capital required, but the honest truth is, business does not work that way, any business you are not trained in or have formal experience you will end failing in the business.

 

[arrain3786]

Product risk. Decide what you are selling. ...
Market risk. Knowing your customer and why, how and where they buy related products is arguably the most important risk factor to assess before launching your product. ...
Financial risk. ...
Team risk. ...
Execution risk.

 

[eenya001]

This is almost like saying you want to swim without learning how to swim first, or without a proper guidance or you want to drive a car without knowing how to drive and and there is no one to control you. it is inevitable that it will not end well. starting a business without proper training and guidance you are sure to lose on the long run

 

[Adetayo100]

If you need expert skills in business or within the industry that you do not have yourself, you should consider hiring employees that are experienced in these skills or in business. Contrary to popular belief, it is possible to run a start-up without prior experience of business.

 

[Khezo]

Well there are lots of risk involved in getting into a business without proper training. The first is wasting of money añd the second is wasting of time. If you don't get proper training before venturing into a business then you are bound to cry
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Well there are lots of risk involved in getting into a business without proper training. The first is wasting of money añd the second is wasting of time. If you don't get proper training before venturing into a business then you are bound to cry

 

[Donkiz]

It is not advisable to go into any business that you don't have limited or no knowledge about. The best thing is to understudy someone that's already in the business before opening your own business, to avoid getting stuck along the line.

 

[Halexcity]

Starting a business with no proper orientation may leads to lpss. Going into a business you need to take your time to make your own enquiry in other to make the business long lasting.

 

[Prettyjanie]

it's a very huge risk for you to embark on any business without proper training, irrespective of the type of business you want to go into. If you don't go into a business with the necessary skills, such a business will flop. Some people go as far as paying to get trained.

 

[Milz]

You have to learn the ropes of any business you plan to venture into. That's why apprenticeship is very much useful. You work with a boss who knows the intricate part of the business for years and then he settles you when knows that you are well groomed to stand on your own.

 

[Sunnytee]

Financial risk, of course, is the big one. Most businesses require investing some of your money – and often other people's. If you commit to working full time at your new gig, you're also risking your ability to pay the rent and put food on the table. Careful planning, building up a cash reserve and budgeting well can reduce the risk, but they can't eliminate it. All it takes is one wild card – the cost of raw materials or rent shoots up, a customer doesn't pay – and your company

 

[Philip Omotayo]

There is high risk in starting a business without proper training. It could lead to loss of invested capital. It could also misappropriation of funds. Without proper training, one would know the pros and cons of the business. Lack of experience or training may likely make the person to fall into wrong hands. In term of the nature of the business to involve in.

 

[SammyOlas]

Yes there's a very big risk attached to it, it's just like travelling to a destination without a specific map in getting there you might get there but it might be too late already. So also is applied to venturing into business without a proper understanding of the business, it will lead to frustrations and catastrophe at the end.

 

[Hassan14]

I think it's a big time risk, especially when you don't know much about the business you want to venture into. There are some businesses that seems so easy when looking at, they look exactly like what we can handle without under going proper training. What do you have to say about it? Is it wise enough to invest into a business you don't know much about?

There are a lot of businessmen who don't even know about it at first and they don't even have the information and start a business and they fail at it and I think you should never start a business that We don't know because it has a better chance of failing and if we have to start a business, we must first have information about it.

 

[Ifective]

A lot of risk. When you start a business without having knowledge about the business, you are bound to actually not succeed. The risk involved in doing business without training is that you won't know what steps to take and what time to take such steps.
You might not even understand anything about customers satisfaction.