knowledge and Capital which is Very important in Business or Investment?

Tumanggor

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Quote from: Barinekapaul on July 23, 2021, 02:49:31 AM

I have heard a lot of people talk about success and almost all of us are chasing after it, with the intention of making it right.
Most of us also want to venture into them without getting the rudiment and fundamentals of the business and investments before engaging in them. So a factor or several factors are been considered before and for a more renounced performance called (Success), so what is most important to an individual, company, or organization to consider before investing to attain the desired height of success?

Is it KNOWLEDGE or CAPITAL, or even BOTH?

although both play an important role in making a person successful, but "knowledge" is the most important

there is somebody that says "put bill gates in the interior of Africa without capital, he will surely be able to become rich again"

The richest peoples in the world are those who have extraordinary knowledge, as well as consistency in started their business, not with abundant capital

oHnK

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Quote from: syedakhlaque on October 11, 2021, 10:50:14 AM

Knowledge and capital both are very important in business and investment. Because without knowledge you can not do anything in business because knowledge awakens awareness about the business's ups and downs, its method, profit, and loss, etc. But without capital what will you invest in having information about a business. But the importance of knowledge is recognized & no one can deny its importance.

As far as I know, science and capital in business are the same, the only difference is the type. A good business is one that has both elements. However, even though we only have one of them and we have a strong determination to move forward. I'm sure it's still good though not perfect.

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Quote from: Barinekapaul on July 23, 2021, 02:49:31 AM

Is it KNOWLEDGE or CAPITAL, or even BOTH?

If you have the highest knowledge then you will get experience in that matter. You can go where you can make profit. You can give all directions. But if there is no capital? Then how will you benefit? I will say you need capital first If you don't have knowledge, you can learn from someone.
But no one will want to help you with capital. So capital is needed first

syedakhlaque

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Knowledge and capital both are very important in business and investment. Because without knowledge you can not do anything in business because knowledge awakens awareness about the business's ups and downs, its method, profit, and loss, etc. But without capital what will you invest in having information about a business. But the importance of knowledge is recognized & no one can deny its importance.

redsun114

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You cannot do without any of these two things when it comes to business. There are some people who have knowledge, but due to them not having the capital to start up a business or invest in their knowledge, they will set out to borrow or take loan from banks or rich individuals in their society so that they will be able to start up whatever business idea they have in mind.

Sometimes this will end up with those rich individuals requiring that they have a share in that company And become one of the owners. Then there are people who have capital but they are lacking ideas or knowledge of what to do with their capital. So, it is very important to have both the knowledge and also have the capital, both of them matters a lot.

alviemery96

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Quote from: Barinekapaul on July 23, 2021, 02:49:31 AM

I have heard a lot of people talk about success and almost all of us are chasing after it, with the intention of making it right.
Most of us also want to venture into them without getting the rudiment and fundamentals of the business and investments before engaging in them. So a factor or several factors are been considered before and for a more renounced performance called (Success), so what is most important to an individual, company, or organization to consider before investing to attain the desired height of success?

Is it KNOWLEDGE or CAPITAL, or even BOTH?

Basically you are right, knowledge is always very important in all fields and life. If we don't have enough knowledge and skills, we will never succeed. And the most important thing is both of them. all of us must have. To evaluate an individual or a company, we must consider their specialized knowledge, the way they offer and measures to improve a certain part must also be from knowledge.

leetcoiner

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Knowledge and experience are primarily.
You can lose everything, go bankrupt because of your mistakes, but if you could earn money once, you can do it even if you do not give up.
If you have money, but there is no knowledge, you can easily make mistakes and pump bad decisions, which will only lead to the loss of funds and accumulation of knowledge.

Lordshiva

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Both. as an aspiring entrepreneur, I learned how important is your network, it's important to have enough connections in order to succeed, you still need capital to learn how these successful people operate. It's either you do courses or hire someone as a coach. These coaches learn strategic ways to succeed, they spent enough time and energy learning it through experience.

ivankoh

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I think that knowledge and capital only reflect a part of the advantage in business or investment. But to be successful, it needs its own inner motivation, perseverance, loyalty. In fact, I deeply admire the will and self of Harland Sanders - the billionaire fried chicken KFC. It proves that perseverance, not giving up, the will to progress and the inner motivational instinct can transform success faster.

xSkylarx

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Quote from: dbc23 on October 08, 2021, 06:08:31 PM

Quote from: Barinekapaul on July 23, 2021, 02:49:31 AM

Is it KNOWLEDGE or CAPITAL, or even BOTH?

There is a saying that goes "Knowledge is power" you don't go on a journey unprepared and you don't start a project you have little knowledge about. Knowledge is more important than capital because a man's gift makes provisions. With knowledge and deligence one can get sponsors or partners but having the fund without knowledge will attract losses and even if one employs a capable hand the employee will most likely take advantage of the employers ignorance

Big yes to this. Knowledge is power. We all see those businessman right now they really have knowledge on where they would start and how to gain customers and make them wealthy. Now it is not that easy since there are a lot of time with failures and also they will be doing research for over the years to come up with the best idea. Also with failure you could gain knowledge from it.

dbc23

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Quote from: Barinekapaul on July 23, 2021, 02:49:31 AM

Is it KNOWLEDGE or CAPITAL, or even BOTH?

There is a saying that goes "Knowledge is power" you don't go on a journey unprepared and you don't start a project you have little knowledge about. Knowledge is more important than capital because a man's gift makes provisions. With knowledge and deligence one can get sponsors or partners but having the fund without knowledge will attract losses and even if one employs a capable hand the employee will most likely take advantage of the employers ignorance

Stunzz

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I think knowledge is mostly important here because without acquiring knowledge, you certainly would blow up your capital in no time.

Fredomago

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Quote from: LUCKMCFLY on October 06, 2021, 12:25:41 PM

A while ago I was talking with a friend, and we both agreed that there are many ways to make a lot of money and acsi without effort, just having the basic knowledge and experience, but the lack of everything lies in having money for investment, if there is no money to spare. investment is very difficult. In 2017 you could make money quickly, when you participated in ICOs, in different branches of projects, now today I see that everything is moving towards NFT games, there is always a direction that money goes

There's always direction, as you said, but keeping both knowledge and money will keep you more safe. It's tough to only have one of these two. It's been explained and I also agree that combining both knowledge and a good amount of capital mostly ends up succeeding with your chosen business or investment.

Basic knowledge might be enough if you are willing to gamble and risk as long as you have money to use, enough amount that will allow you to proceed even if you commit mistake while investing or doing business.

Mahanton

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Quote from: Masplanc on October 06, 2021, 02:36:02 PM

Quote from: Barinekapaul on July 23, 2021, 02:49:31 AM

I have heard a lot of people talk about success and almost all of us are chasing after it, with the intention of making it right.
Most of us also want to venture into them without getting the rudiment and fundamentals of the business and investments before engaging in them. So a factor or several factors are been considered before and for a more renounced performance called (Success), so what is most important to an individual, company, or organization to consider before investing to attain the desired height of success?

Is it KNOWLEDGE or CAPITAL, or even BOTH?

Knowledge and capital are two important factor in business or investment , the both can't be left behind . If knowledge is not available capital may be ruined in a wrong way and if no capital there won't business or investment.

Both do really function and tied up to each other because losing one would just basically tells that it couldnt be possible for you to proceed on or would really end up on a mess if you do just tend have these factors intact.
Capital is needed then its of course a needed thing because you cant really make out any anymore movements if you dont have the money to do so and if you do have then you should be at least knowing
on what you are dealing with and not just putting all of your money into a certain thing without having any idea on how to handle it.You are just basically wasting off your money.

Masplanc

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Quote from: Barinekapaul on July 23, 2021, 02:49:31 AM

I have heard a lot of people talk about success and almost all of us are chasing after it, with the intention of making it right.
Most of us also want to venture into them without getting the rudiment and fundamentals of the business and investments before engaging in them. So a factor or several factors are been considered before and for a more renounced performance called (Success), so what is most important to an individual, company, or organization to consider before investing to attain the desired height of success?

Is it KNOWLEDGE or CAPITAL, or even BOTH?

Knowledge and capital are two important factor in business or investment , the both can't be left behind . If knowledge is not available capital may be ruined in a wrong way and if no capital there won't business or investment.

LUCKMCFLY

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Quote from: maju69 on October 03, 2021, 02:31:39 PM

Quote from: LUCKMCFLY on September 27, 2021, 12:27:38 PM

Quote from: Barinekapaul on July 23, 2021, 02:49:31 AM

I have heard a lot of people talk about success and almost all of us are chasing after it, with the intention of making it right.
Most of us also want to venture into them without getting the rudiment and fundamentals of the business and investments before engaging in them. So a factor or several factors are been considered before and for a more renounced performance called (Success), so what is most important to an individual, company, or organization to consider before investing to attain the desired height of success?

Is it KNOWLEDGE or CAPITAL, or even BOTH?

I think that to start any business, company or something similar you always need to have capital, in fact, you can also start without capital with entrepreneurship and your own effort either in sales or any type of business, however from the point of view of Business view at the moment that we are, I do not see a good idea to establish some type of company, what if I see it necessary is to have some capital for any type of Investment, either for crypto, for real estate, among others.

For now, the way to make wealth is difficult, investment can occur in Crypto in the long term and that by investing in BTC with the option that is bought and then waiting for a target of at least $ 100k, many are waiting for that target and surely there will be many new millionaires.
And the most important thing for me, before having the capital is knowledge, because knowing how to find the best investment is a guarantee that the money will grow as time goes by.

More precisely, knowledge and capital complement each other to really build a business, good financial management, choosing professional workers and building strategic places are also very important. All really complement each other. However, all elements can support success in building a business regardless of the name of the business.

A while ago I was talking with a friend, and we both agreed that there are many ways to make a lot of money and acsi without effort, just having the basic knowledge and experience, but the lack of everything lies in having money for investment, if there is no money to spare. investment is very difficult. In 2017 you could make money quickly, when you participated in ICOs, in different branches of projects, now today I see that everything is moving towards NFT games, there is always a direction that money goes

CaptainCrapper

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Quote from: Barinekapaul on July 23, 2021, 02:49:31 AM

I have heard a lot of people talk about success and almost all of us are chasing after it, with the intention of making it right.
Most of us also want to venture into them without getting the rudiment and fundamentals of the business and investments before engaging in them. So a factor or several factors are been considered before and for a more renounced performance called (Success), so what is most important to an individual, company, or organization to consider before investing to attain the desired height of success?

Is it KNOWLEDGE or CAPITAL, or even BOTH?

Knowledge is the key to success we all of knowing that but some sectors need proper knowledge and capital for good success such as the crypto market. Need proper knowledge then need study and then need capital for investment cause without investing you cant get feedback so the three-step need for sucess.

Vaskiy

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Knowledge is important, because one can make money if he know what to be done for the moment. Capital is must when the focus is to profit within specific time period. To make money out of the knowledge takes time, but being passionate about it will bring in more money. Real-time example is the start-ups that has emerged to multi-million dollar businesses and has got added on World Market.

In recent days, the success story of Freshworks is an example that suits best about knowledge as the main objective for success.

paxmao

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Quote from: Barinekapaul on July 23, 2021, 02:49:31 AM

I have heard a lot of people talk about success and almost all of us are chasing after it, with the intention of making it right.
Most of us also want to venture into them without getting the rudiment and fundamentals of the business and investments before engaging in them. So a factor or several factors are been considered before and for a more renounced performance called (Success), so what is most important to an individual, company, or organization to consider before investing to attain the desired height of success?

Is it KNOWLEDGE or CAPITAL, or even BOTH?

Both, however, if you can choose one, choose knowledge - the practical kind. It is very simple, if you have knowledge you can always convince people with capital to pay you a commission for investing or providing advice (I know, this is very simplistic). You will have to show proof that you can effectively use your knowledge to make money and can be trusted and gain from it.

In the opposite case... and fool and his money soon part ways.

qwertyup23

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Quote from: Hyperechos on September 27, 2021, 03:32:29 AM

A good idea is the prerequisite and guarantee for the success of a business. A good idea determines whether your product or service has a market and whether it is irreplaceable, thereby occupying its own market and space and making money in society. The lack of capital is only temporary. Without knowledge reserves as the basis for innovation, it is impossible to make long-term profits. I think knowledge is more important than capital.

Indeed, the lack of capital is not a problem perse since loans are always present in order to fund your business. But the idea and the execution of a business plan is what drives the overall success of it.

In the cryptospace, knowledge about the market is essential especially if you have current investments either short or long-term. Though it may be easier said than done, all of such efforts will be worth it once you get to garner the profits in the given time-scale.

Quote from: batang_bitcoin on October 02, 2021, 05:31:52 PM

Capital without knowledge won't work. It will give you an experience of failure and you'll learn from that.
Having knowledge without capital can work because you'll have the idea of how to do business and investments and as well as making money out of nothing as a start.
But it's best if you have these two and you can work well to grow your money from being knowledgeable with investments and businesses.

Like what I just mentioned, the problem of not having any capital is not really a problem from its core since it can be dealt with by acquiring loans from banks or from your trusted peers. The idea of a business is what drives its execution further.

Topic: knowledge and Capital which is Very important in Business or Investment? (Read 1152 times)