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

[Kelly5]

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?

You need all the knowledge you can get to succeed in a business enterprise of your own. What one person see as knowledge needed for him will be different from what another sees as the knowledge they will need to success in their own business

 

[GIFTMICHAEL]

Building and selling experience is a vital knowledge that i can easily implement.
It is very to acquire this kind of knowledge to enable you develop a vital business strategy.
To start a functional business demand ideas and skill that can enable you to do this effectively.

 

[Sheyemanu]

To be successful in business you need knowledge in some key subjects. You need to have good knowledge in accounting, to be able to do basic accounting is important in business. Another knowledge you need is the knowledge of tax laws, this is important so your business doesn't go in debt against the government, or you could employ a financial adviser

 

[Psalmsavatar]

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.
You will need to communicate and negotiate with your suppliers, potential investors, customers and employees. Having effective written and verbal communication skills will help you to build good working relationships. Every communication should reflect the image you are trying to project.

 

[Sunnytee]

• Financial management. Being able to effectively manage your finances is critical. ...
• Marketing, sales and customer service. ...
• Communication and negotiation. ...
• Leadership. ...
• Project management and planning. ...
• Delegation and time management. ...
• Problem solving. ...
• Networking.

 

[MercySmith]

There are basic knowledge every individual going into business should have. A basic or advance knowledge or finance is very important. Good communication skill can be thrown away. Ability to get to your customer, i.e good interrelationship trait. That aside, it is very important that you have solid knowledge in the area of business you are embarking on.

 

[Ifective]

First of all, a business person must endeavor to acquire some certain knowledge about business before commencing. He must have knowledge about the kind of business he wants to go into, how competitive it is, the location if the business, the products needed to satisfy customers need and also how to continue delivery quality products to customers

 

[Sana Diyar]

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?

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

• Adaptability
• Critical thinking. Being able to think for yourself is a key skill at a time where the concept of career and the workplace is changing.
• Excellent communication skills.
• Cultural understanding.
• Initiative and

 

[Lyrrex]

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.

 

[oluwaseun tope]

You'll need the business knowledge to succeed in a business as also you'll need the communication skill to be able to communicate well with your customers. The business knowledge will make you understand the strategies of business in your business. Without the required business knowledge, the business is in danger of being a failure and might actually go bankrupt.

 

[Yaqoob Habib]

The knowledge you have to start a business is very important, without the required business knowledge and ideas, the business is in danger of running at loss, the business might actually go bankrupt without it

Business knowledge is an important strategic asset.it is a sum of skills,experiences,capabilities and expert insight,which you collectively create and rely on in your business.As a shared resource,knowledge shapes and affects all the activities in and around your business.

 

[maventiger]

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

• Adaptability
• Critical thinking. Being able to think for yourself is a key skill at a time where the concept of career and the workplace is changing.
• Excellent communication skills.
• Cultural understanding.
• Initiative and

@Sana Diyar I would like to highlight the importance of adaptability in business world. Ability to adapt and respond to sudden changes in business will go a long way in determining the success rate of the company.

 

[Shayo]

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?

• Employee

• Make

I think all the mentioned points are needed, they all work together.
Business knowledge or skill still comes first. Before going into a business, you need to get the necessary skills for the business be it products or services. You can not sell what you don't know or have. For instance, a person who doesn't have the skill to cut and sew and then opens a fashion store will end up ruining the business.

 

[Life drama]

The kind of buisness skills to have or acquire before starting a business are many but there are some that are important like having an entrepreneur skills, The type of skills that skills that suits the buisness, family planning sometimes do determines, resources both capital and human resources.
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The kind of buisness skills to have or acquire before starting a business are many but there are some that are important like having an entrepreneur skills, The type of skills that skills that suits the buisness, family planning sometimes do determines, resources both capital and human resources.

 

[Niolaxx]

The type of knowledge one should have should have in a business should be a business knowledge,that Is having good entrepreneurial skills,which will help in promoting the business,also good marketing strategy,good advertising skills and good office plan and structure

 

[Abbas007]

There is no doubt that running a business without in-depth knowledge and experience is a difficult task but the only person who succeeds in marketing is the one who works with an open heart and without hesitation because when you are under pressure then the whole group Can't do it even if it is any kind of business.

 

[Philip Omotayo]

There are basic knowledge one need before going into business. Firstly, one need the knowledge of the business he or she is going into. Secondly, knowledge of the market is very important too. Thirdly, knowledge of the competitor around. Fourthly, knowledge of change in price. So that one won't run at loss. Finally, one need the knowledge of when to invest or when not to invest.

 

[Thosynho]

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?

You need to be knowledgeable on how to create a good business environment to facilitate good sales. This could be achieved by building good human relationship between you and your customers.

 

[Segat]

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?

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Aside all these knowledge mentioned, each entrepreneur or entrepreneur to be must understand the importance of relationship to the success of any business they are into or intended to go into.
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And when we are talking about relationship it must be highly valued even to then product end user not only with manufacturer. All involved or that is going to be involved should be treated well accordingly.

 

[Oluwole]

You must know the business before you invest on it, that's the first key knowledge you need before you start any business, listen to others because information is power. Knowledge is power also