knowledge and Capital which is Very important in Business or Investment? - page 7.

shield132

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Quote from: Barinekapaul on July 23, 2021, 03:49:31 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?

It's the combination of both, it can't be done alone with one of ability. Okay, let's imagine:
There is a person who has a lot of money/wealth because of his family roots or maybe because this person was a good in certain sport and had great income, etc... So, this person has money but he is far from intellect. He can make an investment and found the business but in order to manage this business, he needs an educated people with the knowledge and experience. He uses this money to hire this kind of people and then the business succeeds. This is what I have seen for numerous times. Of course, there are exceptions like Steve Jobs and others but...

Also, if you have capital alone, you can buy apartments and/or commercial places in prestigious areas and then rent them, easy money, no knowledge necessary.

eXPHorizon

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The most Important in the whole world is Knowledge. Without Knowledge there is no improvement therefore money is useless.

Knowledge will not come Cheap and Free anymore !

Luke Briggs

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If it is education and capital, then I will choose capital. When you have capital, you have the confidence to do anything.
For example, if you have money, you can increase the price instantly by buying in large quantities.
Academic qualifications allow you to accumulate capital faster, and academic qualifications serve the capital.
For example, everyone knows that opening a restaurant can make money, opening an airline can make money, people with capital buy a store, buy an airplane to open a store, and start a company. People without funds can only manage storefronts and learn to fly planes. When you save enough money to buy a store, people with capital will drive the company to the point of saturation.

Obito

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Knowledge definitely because there are ways to make money out of thin air, what I mean by that is that people have proven it through YouTube videos that they can make money out of small things, remember the video about a dude who made a paperclip into a house? That's pure knowledge and no capital.

ROSEDF

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If you only have one of the two, you may succeed very slowly, but if you have both, then you may succeed very quickly.
If I had to choose one of the two, I would choose knowledge. Knowledge can change our destiny and make us richer.
But if you choose money, you may lose your own funds because you don't have enough knowledge reserves and won't invest.
And learning is very important.

Irenerty

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I think knowledge and capital are both important. Capital can bring economic support and accelerate the achievement of wealth goals. Having a wealth of knowledge can avoid mistaken investment and loss of funds, and reduce investment losses. It is easier to succeed if you have the funds and prepare the necessary strategic knowledge.

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Quote from: Sayeds56 on August 04, 2021, 02:35:23 AM

Capital can be borrowed from Banks/investors to neet finanancil needs of bsiness but know how is neceassrily needed to run the business successfully.

Not sure if you have ever actually done this thing, or just hypothetical. Borrowing money from bank needs collateral (which is your existing capital), the non-collateral loan will have a small limit, which is not enough for even a small business. They also done some background checks with your business financial history and stuff, so you need actual business that needs capital, to get more capital. That's why it's extremely difficult to create a business without capital. Yes, some of the great entrepreneurs build their stuff in their garage despite having extremely difficult situation early on. It's possible, but extremely difficult. I didn't even mention about the interest rates Cheesy

Next is about "angel" investor. There's no such thing as "angel" as they also want ROI, and worse, significant portion of your shares. It's easier to be on their side, as investors, lending you money and expect you to work and give them nice profit in return.

Sayeds56

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Quote from: mu_enrico on July 23, 2021, 04:03:06 AM

Which one is easier? Get the skills or the money? FYI both are capital: tangible and intangible.
Both are very important, but if I get to choose, I'd choose money.

My argument is wealth is built from many generations of skillful men (your dad and grandpa), thus build up wealth is very precious in this capitalism society. But if your skill is so good that you can be in the top tier, you can choose skill.

I think both are important and in fact Business is called Marriage of Capital and Technology. Capital can be borrowed from Banks/investors to neet finanancil needs of bsiness but know how is neceassrily needed to run the business successfully. My suggestion would be to acquire good knowledge/expertise of the business you are willing to start up before you jump into it.

ROSERTY

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In investment, knowledge and capital are both very important to it, they play an important role in success.

Having a wealth of knowledge can help make profitable investments, run successful businesses on a large scale or maintain long-term profitability. An investment without knowledge will eventually think that he will waste his money by doing the right thing because of lack of knowledge.
Capital is the driving factor to accelerate the achievement of wealth goals. Without capital, you will not achieve rapid success, and it will be very slow.

Knowledge and capital are very important for any investment. Only by having both in order to be in a balanced state, it is easy to succeed.

Henrobakkara

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Quote from: Barinekapaul on July 23, 2021, 03:49:31 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 are important IMO. If you have all the knowledge of running a business or an investment and the capital is not there, you will still be stagnant in one place and when you have all the capital and no knowledge of what you are investing in, you can end up running that capital into the ground. You actually need both to proper in a business. People do market visibility because they want to understand how the whole stages of the business work so that when you eventually invest the capital you have, you would be able to make the best of it, so I will stick with Both.

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They are both essential but practically speaking, capital is more important for me.

What will you do with knowledge if you don't have something to invest with?

Does your knowledge applicable in your life?

Is it possible for you to know what is really happening in the market?

Capital is what we need to start, we need to have our capital first and then we can grow through experiences.

Knowledge is much easier to earn than money so that's not a totally big problem in an investment.

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Quote from: n0ne on August 02, 2021, 07:17:45 PM

Knowledge is very important, because with knowledge you can survive. Maybe the time taken for the success or the target to be reached gets delayed. If one has money, he need to learn through experience. Both has the good in it, but what is more powerful can be defined in a simple way.

One can make money with his knowledge, but the knowledge can't be bought with money

Knowledge is the key to success. although we do not have a large capital, with knowledge I think we can develop the money we have to be successful. we know so many billionaires came from having nothing. but indeed we cannot deny that having a large capital will smooth out our efforts to develop faster with good knowledge balanced. so we are not surprised that many rich people are getting richer, because he always wants to find opportunities to place his investment in various businesses

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Knowledge is very important, because with knowledge you can survive. Maybe the time taken for the success or the target to be reached gets delayed. If one has money, he need to learn through experience. Both has the good in it, but what is more powerful can be defined in a simple way.

One can make money with his knowledge, but the knowledge can't be bought with money

AliMan

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Business has no difference with an investment because both of them has an involvement of money. Though they only be classified with a slight idea about physical product which a business litteraly owned like selling some goods or products that's sold to someone. Unlike with investment that only money works for an investor, for somebody who let his money ran for a established business and he only get his profit because out of it.

Without knowledge and capital, you can't make all those things possible to exist and I certainly come to a conclusion that both of them is important whether business or an investment and it should be both present at all times.

gundala

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Quote from: Tahsin Kabir Kollol on August 02, 2021, 09:01:03 AM

Overall, knowledge and Capital are important for any type of investment or Business. However, it is more important to acquire skills in business or investment when considered alone. Because if you have enough knowledge about any business or investment, you can easily make a profit from it. On the other hand, any kind of business or investment without adequate knowledge has the potential to cause huge losses which can lead to loss of resources. So it can be said that in any business or investment both money and knowledge are required but investing money without knowledge increases the probability or risk of loss. Therefore, it is important to acquire knowledge before investing in any business or investment.

at least if someone has the knowledge, he will definitely have a business strategy to attract other people to cooperate as investors, thus capital can be collected. without knowledge then everything is just bullshit, so don't underestimate the investment of knowledge, and gather as much experience as possible. the combination of knowledge, capital, and experience will make a person stronger, if not having all three then one of the most important is knowledge. Whether you want to be a trader, investor, miner, farmer, or bounty hunter, we need sufficient knowledge to be able to adapt and determine effective strategic steps.

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Quote from: Yatsan on August 02, 2021, 05:41:08 PM

Both are essential upon doing investment and they are really a must have first so that you can be able to start up your business opportunities. But for me what is in need to comes first is knowledge before capital because prior from doing any engagements, you must first educate yourself on what you think must a good investment or business before coming up into seeking for capital to start up such thing that you wanted to pursue. Having the knowledge will make the process flawless ang easy once you already have the capital on hand because you already know how you can be able to spend it wisely.

Both of them are definitely needed to make a business become successful. Without knowledge or a capital, you can never venture into a good business or investment. So both have their own real usage to make a business lasts long.

Others may believe that knowledge is power. Yes it is, but having it alone is not good enough. You have to be more knowledgeable and skillful, plus a good capital that will make up a good package for starting an investment and has more chances to gain high returns than making losses in the end.

Yatsan

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Both are essential upon doing investment and they are really a must have first so that you can be able to start up your business opportunities. But for me what is in need to comes first is knowledge before capital because prior from doing any engagements, you must first educate yourself on what you think must a good investment or business before coming up into seeking for capital to start up such thing that you wanted to pursue. Having the knowledge will make the process flawless ang easy once you already have the capital on hand because you already know how you can be able to spend it wisely.

Tahsin Kabir Kollol

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Overall, knowledge and Capital are important for any type of investment or Business. However, it is more important to acquire skills in business or investment when considered alone. Because if you have enough knowledge about any business or investment, you can easily make a profit from it. On the other hand, any kind of business or investment without adequate knowledge has the potential to cause huge losses which can lead to loss of resources. So it can be said that in any business or investment both money and knowledge are required but investing money without knowledge increases the probability or risk of loss. Therefore, it is important to acquire knowledge before investing in any business or investment.

Kiley33

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Both are important. . .
First of all, you must have knowledge. If you only have capital without a good mind and knowledge storage, you will not be able to make correct judgments when investing, and you will lose money. . When you learn knowledge, you will gain more investment than when you don't know anything. Will slowly become successful.
Without capital, you have a lot of knowledge and cannot become tangible capital. You can only accumulate slowly, so don't forget to learn when you have the capital. Learning is the key to reducing failure.

BuNga_cute

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Quote from: Silberman on August 01, 2021, 05:55:03 PM

Quote from: Viscore on July 29, 2021, 05:31:26 PM

For me, knowledge without capital is worthless because you won't get any profits if you don't have the money to get it started. Same goes for money without skills and knowledge. You will only venture into a business without setting a goal so just as expected, it will only end up zero value.

Knowledge should always go hand in hand so we will reach the end point which is clearly the success of the business or investment. These two will always be the best capital for a successful goal.

We know that both are important but if I had to choose only one I would prefer to have knowledge over capital and the reason for that is that you could always get capital in the future and then you could begin to trade the markets, and even if that is not possible for you, you could always demonstrate your knowledge to other people and then begin to manage their money on your own and charge them a fee for the privilege, so while you are not going to be making a fortune at least you'll still be able to obtain profits without your own capital.

I agree both knowledge and capital are two important things to have when it comes to investing, but sometimes we only have one of them.
If we only have knowledge without capital, it is still possible to succeed, because we can use other people's money or borrowed money to invest.
But if only have capital without knowledge, this is more dangerous because the capital used can run out, we will make wrong decisions if we do not
have knowledge. Therefore I agree with you that knowledge is much more important than capital when we are going to invest.

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