Any risk in starting up a business without proper training?

[MarieArie]

By default, most entrepreneurs are risk-takers. When they plan to start a company, many entrepreneurs gamble all that they have. There's no stable monthly income for businesses, and sharing time with family can be a struggle.

 

[Ayoknl]

There are lots of risk associated with starting a business without proper training, some business require proper mentorship even with prior training. Running at loss is the most feasible outcome of such business, I would therefore strongly advice that proper knowledge and training should be acquired before starting up a business

 

[Kiko]

Starting a business can be stressful. It often feels like there are 1,000 things to work on all at the same time. There's no avoiding this reality for new small business owners, but with a little planning, it's possible to manage expectations and take actions with a sense of purpose toward building your business. Beyond giving it your all, it's important to direct your energy to the right tasks especially at first.

 

[Jobiezue]

Starting a business can be stressful. It often feels like there are 1,000 things to work on all at the same time. There's no avoiding this reality for new small business owners, but with a little planning, it's possible to manage expectations and take actions with a sense of purpose toward building your business. Beyond giving it your all, it's important to direct your energy to the right tasks especially at first.

You can still prepare ahead of time before starting up a business to avoid getting weary at the process. Though starting up something new is not really that easy. You must invest your time and your energy at the same time.

 

[Tundeoguns1]

There is risk in starting a business without proper training. It is not advisable to go into a business where you dont have concrete knowledge and skills on because it won't end up crumbling sooner or later. Planning is part of acquiring training to starting a business and without planning , a business is bound to fail.

 

[Muhammadawais]

Entrepreneurs face a number of risks, such as bankruptcy, financial risk, competitive risks, environmental hazards, known risks, and political and economic risks. Entrepreneurs need to plan their budget wisely and investors need to show that they are considering the risks by creating a realistic business plan.

 

[Jobiezue]

I oonvemething ndaidsoe

That is a very bad mistake a person would ever make.... starting a business you do not know anything about? Who does that! in fact, it is better to have used the money to place bet than using it to start such business without knowing anything about.

I once said something similar to this in one of the posts about betting vs trading. I will rather satke such money on bet by split. Putting up some amount on different bet slips and see the one that will yield

 

[Usama Iqbal]

Yes i think start a business without right planning it will be very dangerous. Because right planning is very important to start any business. With right planning we should have right skills and experience. I think if we have some experience right planning and knowledge about the business then we can make our business successful.

 

[bhennie]

Risk-taking is almost synonymous with entrepreneurship. To start and support your own business, you’ll have to put your career, personal finances and even your mental health at stake.
For most, the prospect of making your own decisions and being in charge of your own destiny is worth it. But if you’re going to be successful as an entrepreneur, you have to be prepared for the risks and challenges that come with it.

 

[QalabDogar1906]

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?

Yes, without business doing training we get a big loss in business. It is a great risk to do so. Without training we must should not take such a big risk otherwise we will loss in business. I suggest you to take training before starting business.

 

[solomonmali]

Yes there are risk in starting a business without training but not as big as emphasis, you can’t just jump into a business without an idea on how the business is being done, to my opinion I think it’s nice to have at least week training on an intended business.

 

[gbadebo9]

A lot of business need training and financial backing before it can stand. I went for training when I wanted to begin my business so that I can perfect in growing the business but it required a lot if money. Some trainer are request outrageous amount before they can put u on training in order to be perfect to have huge profit. Training is the key to success in business.

 

[Akinwale701]

I oonvemething ndaidsoe

I once said something similar to this in one of the posts about betting vs trading. I will rather satke such money on bet by split. Putting up some amount on different bet slips and see the one that will yield

Exactly... even people that place some money on betting always have an underlying idea in one way or the other about the betting odds and the teams they are selecting. how come someone would now say he would do a business he knows nothing about? how would such business survive?

 

[Alihaider]

Entrepreneurs face a number of risks, such as bankruptcy, financial risk, competitive risks, environmental hazards, known risks, and political and economic risks. Entrepreneurs need to plan their budget wisely and investors need to show that they are considering the risks by creating a realistic business plan.

 

[Bart Simpson]

Putting your money into a company to have a fresh and growing market that has a lot of potential without studying it, looking at it closely and then doing it right – is like starting a fire with lit matches. You can have the same beneficial results of the likes of using Alibaba with a small sum of dollars which can, as you spend, multiply into large amounts of cash.

 

[Thosynho]

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?

Yes, there are lots of risk in starting up a business without proper training. The major risk in doing that is, you could lost all your start up capital into that business without making any profit at all.

 

[zahidhussain]

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.

There are lot of risk without starting a business with out any experience if you start a buisnes like open a cloth shop you cannot handle the customers in proper method similarly if u start a big buisnes without any experience you cannot handle it properly

 

[Abelcairo43]

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.

 

[Yewande]

First and foremost, it is not advisable to start a business you have no idea on. It is good to make your research. No matter how little your business may appear to, it is better to learn how is it run and how you can make maximum profit from it

 

[nasiusman95]

I can confirm that start-up life can be exhilarating, especially if you really believe in your product or service.

But as a sensible route to modest wealth, I’m skeptical.

I also believe there are far better ways to secure lifestyle freedom than starting your own business.

Here are seven things to consider before quitting your day job. If you’re going to take over the world, it surely pays to know your enemy