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

[Caali]

To start a business, you have to be knowledgeable about many different aspects of business and have many different skills… or at least have done the research to find and hire the people who have the skills you lack.

 

[maventiger]

@Caali having different knowledge about the business and hiring those with required skills might not be enough. It is a necessity to have associates who believe in your product or brands.

 

[Tinaconcept]

In order to be successful in business you need to have so many skills among which are marketing strategy, selling experiences, competitive strategy. You should also know how to package your products, make your business unique i mean make it look different from other people own.

 

[Victor-t]

To be successful in business, it is important that you know the numbers well. You know in that case you will benefit and in which surah you will be at a loss. You must have Burns Administration Skills for this job.

There are many times of knowledge you need to be, like been educated and be knowledgeable, also been experienced and determined with whatever you want to do .

 

[Asma]

Every people need knowledge for start business.. like social networking business, people need to know and how to start business how to spread it.
Now a days network marketing is successfull business but with out knowlegde no one get success.. Although not only these business every business need knowlegde.

 

[Diamond07]

For one to be successful in a business you need some certain skills, among them are : financial management- being able to manage money coming in and going out, you need good communication skills to interact with your customers or clients
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For one to be successful in a business you need some certain skills, among them are : financial management- being able to manage money coming in and going out, you need good communication skills to interact with your customers or clients

 

[maventiger]

@Diamond07 no doubt managerial skills and communication skills are part of the most essential skills a good manager should have. One who lack good communication skills and man management cannot lead a team tackless of run a business efficiently. The success of every business starts with a good manager.

 

[Smithkid]

A business does not succeed without the owner committing serious efforts into planning and taking actions that will lead to its growth. Those who have succeed in the past were able to succeed because they have mastered the act of business management.
Know your business and how it works, work with the best brains, know how to talk and communicate with your customers in other for them to keep on coming back.

 

[Eodine]

Some of the traits you need for a successful business are, marketing strategy, competitive strategy and knowledge of the market and most importantly consistency to learn the skills you might not have at the beggining.

 

[Veetos12]

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?

The type of knowledge needed for a business to vbe successful is not necessarily everything you listed here because not all the successful business men and women are open to reading books like that. I believe that most successful business man and woman have the basic knowledge and wide experiences about their business.

 

[Peppul]

you will require a number of skills to start and run a business. It is important to identify the skills you need to develop or improve so that you can succeed in your day-to-day business operations. This business skills are essential.
1. Financial management. 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.
2. Marketing,sales and customer service. It is important to be able to promote your products or services effectively. Providing good customer service and having a marketing strategy in place will help you to generate sales.
3. Communication and negotiation.
4. Leadership. If you employ people, leadership will be a key skill, you must be able to motivate your staff in order to get the best out of them and improve productivity.
5. Problem solving.
6. Delegation and time management. Etc.

 

[Keibah]

The type of knowledge you need to be successful in a business is exactly the type the business is made up of. You need to know the market, demand, competition, and various ways you can make your product or services more attractive and relevant.

 

[mubinadaddy]

To be successful you knowledge about the area of business you are going into and generally you need business knowledge. Then leadership knowledge and personal development knowledge are very vital if you must succeed in your career business.

 

[Sammyesx]

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?

I believe the type of knowledge require to start a business depends on the business, different businesses require different knowledge , the knowledge required in real estate is different from that of a restaurant business.

 

[Blue house]

To start a business, you have to be knowledgeable about many different aspects of business and have many different skills or at least have done the research to find and hire the people who have the skills you lack.
If you aren’t knowledgeable enough about accounting to keep your own books, for instance, you’re going to need to hire a bookkeeper and/or an accountant. If your business is Internet-based, you’d be wise to hire a company to design your website and handle the back end, unless you personally are an expert in website development

 

[Setho]

Starting a business is never an easy thing. For someone who has or want to start a business, you should have sound entrepreneur spirit and the ability to be able to see emerging markers before people do. You should be very patient whenever you start a business that it must not always start to yield profits immediately.
You should have good social and interaction skills that would help you attract customers and investors. You should also be a leader and delegate and manage tasks to subordinates efficiently and non bias

 

[Miracles04]

Know the business

The first and foremost thing required is for an entrepreneur to understand the business he/she is involved in. Complete knowledge of what you do will easily give you the required confidence to excel in a short period of time.

Work with the best

You will always have a team of people to work with as an entrepreneur, it is best you choose wisely and work with those who are highly competent in order to help you deliver excellence. From your team, partners, suppliers, distributors etc. Learn how to discover the best, their expertise will help you overcome challenges and gridlocks involved in business.

Keep your customers

A business without customers will fold up easily, entrepreneurs must learn to keep their customers satisfied through delivering the best services/products.

Strategize

Have deliberately planned actions designed to help you achieve set goals and objectives. Strategy is what stands out businesses and help them stay ahead of their competition.

Control

Make sure your direction conforms with the set goals on ground and also learn to get the process on track when things seem to deviate. Control is very important in the running of every business as it serves as monitoring measure to the activities of the business geared towards helping it succeed.

 

[Akinwale701]

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?

One also needs to understand that everyday is not a rainy day there are days you will make sales and there are days you won't even make just one dollar. the knowledge of this is very important, it makes an entrepreneur prepare himself ahead for any so-called challenges that may surface in the course of business.
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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?

One also needs to understand that everyday is not a rainy day there are days you will make sales and there are days you won't even make just one dollar. the knowledge of this is very important, it makes an entrepreneur prepare himself ahead for any so-called challenges that may surface in the course of business.

 

[mizzzlotam]

The only type of knowledge you need to succeed in a business is the requisite knowledge for that particular business. You can not wish to go into forex business and acquire knowledge for fish farming. What ever knowledge you are learning most be line with your intended business venture.

 

[Hdre3m3n]

As we all know that knowledge is power, that is without knowledge there is no power and some certain informations one need to know.
The type of knowledge one need to know about ones business is the questions that will favour the business.