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

[Kunkun]

Both are important, things are better with both. It's not enough to have knowledge without the new s to carry it through like wise having money without knowledge thereby leading to loss

 

[Abdul Naveed]

Money can buy something, but not the process of thinking (knowledge) that went into creating that thing. Therefore, knowledge is superior. It is better to be seen as a "knower" than a "rich man". ... One can get money from knowledge, but money alone will not help in gaining knowledge.

 

[Trojan8]

Capital is a very essential part of a business and no business can survive without it. Meanwhile you need some technical know-how to be effective at controling resources. The good thing is that this knowledge can be gotten from employed professionals. So in my opinion capital is more important than having the knowledge, although it is better to have both.

 

[Sotherefore]

both of them are the best for a successful business because without both of them you will not be able to succeed in any business you may have knowledge but without money you will not be able to start up a business and the other way around if you do not have a knowledge.
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both of them are the best for a successful business because without both of them you will not be able to succeed in any business you may have knowledge but without money you will not be able to start up a business and the other way around if you do not have a knowledge.

 

[bilal19]

Both are necessary to be a good businessman. You can get what’s your business or what you’re doing via education but with money, you can spend on it and improve it further more. They both are important.

 

[Ebensco]

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?

Yea, and there's so much risks associated with owning a business.

 

[BuchiBankz]

Both are essential, you need knowledge to be able to create a steady flow of cash. That's why they said no knowledge is a waste

 

[Alihaider]

Money can buy something, but not the process of thinking (knowledge) that went into creating that thing. Therefore, knowledge is superior. It is better to be seen as a "knower" than a "rich man". ... One can get money from knowledge, but money alone will not help in gaining knowledge.

 

[Tariq Nazir]

Knowledge is an embodiment of understanding what is to be done, without it there would be nothing called starting of business. An ideal individual would agree with me that the need to have full idea of what, where and how of business comes first before execution called starting takes place. If you are knowledgeable it would be easier to make appropriate budgetary plan on the business.

 

[Frank]

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?

The plan is always to have the knowledge to start a business. Even if you have the money and lack the knowledge to start a business, you are definitely going to struggle. The truth is that you need to focus fully on getting the knowledge about a particular business and work out ways that you can raise funds to start the business even if you don't have one.

 

[Ub40]

If you ask me, Knowledge and money are very important in starting a business. Going into any business without proper knowledge or understanding of the business is very risky. It is the research that will make you know the requirements for the said business. And of course, you need money as capital to start the business. So the two play vital role in business start up. That is my view.

 

[Bazikd]

Knowledge is the most important thing when starting up a business because most people that starts up a business with money without knowledge end up failing in business because they lack the requisite knowledge to run the business so knowledge is key in starting up any business

 

[Bookwormlux1]

Before we start work, we need to know about the job, as well as the money we need to do business.as we know that knowledge and money not available at same time . If both are available at same time then it's a very good condition to starting a business.

Sure, if you have got the two at your disposal, then success is certain because you won't get restricted by certain factors unlike people who lack both knowledge and money. If possible, it's best to acquire the both.

 

[Jlife]

money is the most important of a door because with money you can hire someone that has no there's an understanding about the particular business I want to go into to come and help you you do not necessarily have to have an idea about the particular business before you think of starting.

 

[Donkiz]

Both knowledge and money are very important to anyone starting a business. Without knowing how the business you are venturing into works, you will just end up wasting your time and money trying to build the business. Also even if you have all the knowledge in the world concerning a particular business, if you don't have the capital needed to start up the business, the knowledge will turn to waste.

 

[Talibhussain074]

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?

Both knowledge and money are very important to start any business. But knowledge is more important than Money 💰. If you have a knowledge and do not have much money, you can increase the business with your knowledge. You can also develop your skills through the knowledge.

 

[Deebabs123]

Both is very important to start a business if you have money and there's no knowledge to set up your business it won't work well and if you also have knowledge and don't have money to start with it's another problem entirely.so both of it work together.

 

[Odebunmi ajewamiri]

Knowledge or Money: which is more important in starting a business? Both are very important , or should I say both works together .​

If you have knowledge you will use it to get money maybe by working for someone and if you have money and you don't have knowledge it would be an hard work multiple your money

 

[Psalmseen]

Knowledge and money are both important in starting a business though. But to me, the most important is money. Knowledge without money will amount to nothing because if you have the money, you can hire people with knowledge and pay them to give you what you need to be successful.

 

[Irfanali]

Money can buy something, but not the process of thinking (knowledge) that went into creating that thing. Therefore, knowledge is superior. It is better to be seen as a "knower" than a "rich man". ... One can get money from knowledge, but money alone will not help in gaining knowledge.