Knowledge or Money: which is more important in starting a business?

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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?

Same way knowledge is important, money is also very vital. Both money and knowledge can't work in isolation. For you to thrive in whatever business you decide to go into, you need adequate knowledge about the business to be successful. Same goes for money, you need capital to start a business.

 

[idhans]

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?

You don't just jump into any business just because you have money in your account. Knowledge is everything. If you start up a business without a proper knowledge of what you are going into, you might end up losing all your capital. It is always important to acquire knowledge first before you initiate any move.

 

[Lagazine]

Both knowledge and money are very important in starting a business. I can't just imagine a knowledgeable man who really understands a business, but don't have money to carry out his wish, how can such a man go about it? Well, both are important as they Play a vital role in building a business.

 

[Lyrrex]

Money and knowledge are equally important but knowledge is more important i guess with knowledge you can convert your little amount of money into huge amount by your knowledge and skills.because you get skills and techniques which by utilizing you get progress

 

[Georgeadawara1]

Both of them are important as far as business is concerned. But personally i think knowledge is more important than the money because with knowledge it's easy to business started and get ground without making much losses but money without knowledge in business can make you loss allot of money

 

[Raymohney]

Money is important to execute any knowledge acquire but knowledge without money can be a very disappointing moment

 

[Chibson]

Both knowledge and money is important but between these two I will say that knowledge is more important because without knowledge there is no way you can make real money and manage it well. Everything we do in this life is associated with knowledge because if you have knowledge you will know the rules and regulations of making money.

 

[Youngdee]

knowledge is more important when starting up a business and money is very important too because you can’t start up without a capital. The most important of all is knowledge because this is required to run the business and to maintain it. Without knowledge money invested in the business might end up being a waste.

 

[Veetos12]

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 both money and knowledge are complementary and work together because it is not easy to start a business without money likewise it is not possible to venture into a business one knows nothing about.
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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 both money and knowledge are complementary and work together because it is not easy to start a business without money likewise it is not possible to venture into a business one knows nothing about.

 

[Cybersec]

To start any kind of physical project you may have the knowledge about the whole market and about the product like its manufacturing/production, men, material like everything. But if you are going to invest your money with already established company just have knowledge about the companies plan and reputation and go for it.

 

[Michaellee]

One

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?

need to have the knowledge first before investing money into anything. Knowledge is the power to a successful business. If you do not know anything about the business and u invested in it will basically just be a east of money .

 

[Donolatunji]

Money can buy an item, but not the process of thinking (knowledge) that went into the development of that object. Awareness is also superior. It is easier to be known as a "knowledgeable person" rather than a "rich person" ... One can obtain money with experience, but money alone will not assist in obtaining knowledge.

 

[Philip Omotayo]

The knowledge of a business makes it an interesting one to start a business. However, money plays a part too. Because money provides the basic need of the business. Knowledge only helps in the set up. Without money, knowledge would just be a mirage.
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The knowledge of a business makes it an interesting one to start a business. However, money plays a part too. Because money provides the basic need of the business. Knowledge only helps in the set up. Without money, knowledge would just be a mirage.

 

[MercySmith]

Money is very important in starting a business. I think money is more important than knowledge to start a business. With enough money, you can employ someone with the knowledge to run the business for you. While you gain experience along the way.

 

[Bookwormlux1]

Knowledge is more important than money. Money is just a few pieces of paper, which can win someone and anything through it if we own it. But education is knowledge and we will rule over the whole world by knowledge. Information is an asset that is more valuable than money, especially in business terms soo no doubt about it.

I so much agree with you. In this our current world, we need more of information before you get to achieve your dreams. Information is more important because it keeps you ahead of people who are still not updated. With information, you make money.

 

[Neeta313]

They are both very important, without money you cannot start a business and without knowledge, the business may fail. The most important should be knowledge because without proper research and knowing what you want to venture into, the business will fail, and this is a business you started to make profits in which lack of knowledge has made you lose, knowledge is very important.

 

[LaylaG]

I love you position here. Either of the two could be use to get other. For instance, you could use your money to get knowledge in whatever you want to do and also, you knowledge could fetch you money when it's accurately applied.

sometimes you cannot use money to get an understanding that have some people that have struggled in school even when their parents are rich but yet they don't have an opportunity to Excel in their academic field,money cannot buy all things but if you have money and knowledge that is power.
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I love you position here. Either of the two could be use to get other. For instance, you could use your money to get knowledge in whatever you want to do and also, you knowledge could fetch you money when it's accurately applied.

sometimes you cannot use money to get an understanding that have some people that have struggled in school even when their parents are rich but yet they don't have an opportunity to Excel in their academic field,money cannot buy all things but if you have money and knowledge that is power.

 

[Abid]

Both are important but I'll give more points to knowledge beacuse if you have money but not have any knowledge then you are not able to do any business. If you invest money in any business without knowledge it's sure you will face of loses.

 

[mayreeh38]

The two goes hand in hand, but knowledge is more important. You can have the money and not have the necessary knowledge to run the business. With knowledge you are already set and all you are waiting for us the money. When the money comes it won't be a problem of want to use it for,because the idea is already there.

 

[eojo2401]

Knowledge is important and it is the senior brother of money. If you have knowledge, it will create a money making ways for you but if you have money without knowledge, you may end up wasting your money.
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Money is very important things when you want to start business because without money, nothing can be done. You will just use your money to buy the required knowledge then start your business.